A: Basic Information of the Company
Corporate Name: Hangzhou Jinghua Microelectronics Co., Ltd.
Stock Code: 688130.SH
Stock Abbreviation: 晶华微
Industry: Semiconductor and Integrated Circuit
Company Website: http://www.sdicmicro.cn
Total Shares: 5,000 million shares
Market Capitalization: 31.47 billion yuan (as of 2024-10-25)
Business Scope: Research and development and sales of high-performance analog and mixed-signal integrated circuits, with main products including medical and health SoC chips, industrial control and instrument chips, intelligent perception SoC chips, etc.
Company Profile: Hangzhou Jinghua Microelectronics Co., Ltd. is a high-tech enterprise focused on the research and development and sales of high-performance analog and mixed-signal integrated circuits. The company's products are widely used in the fields of medical health, industrial control, and intelligent perception, among others. Jinghua Microelectronics insists on independent innovation, has a number of core technologies, and provides customers with one-stop integrated circuit design and product application solutions.
B: Value Investment Analysis
Key Financial Indicators:
For the first quarter of 2024, Jinghua Microelectronics achieved a net profit attributable to the shareholders of the listed company of -11.43 million yuan, a year-on-year decrease of 138.57%. The basic earnings per share were 0.0201 yuan.
Company Investment Value:
Jinghua Microelectronics has a strong accumulation in the field of analog and mixed-signal integrated circuits. Its products have a high market share and brand influence in the medical health, industrial control, and intelligent perception markets.
The company continues to increase R&D investment, has a professional R&D team, and possesses core technologies in high-precision ADC and high-performance analog signal chain circuit technology, providing a solid technical support for the company's long-term development.
Company Growth Potential:
With the rapid development of emerging technologies such as 5G, IoT, and smart healthcare, the demand for high-performance analog and mixed-signal integrated circuits is growing. Jinghua Microelectronics is expected to further increase its market share and achieve rapid growth with its technological accumulation in the field of satellite navigation and communication.
The company is actively deploying in emerging markets, such as battery management chips and analog signal chain general chips, which will further enrich the company's product structure and provide new growth points for the company's long-term development.
Industry Support Policies:
National support policies for the semiconductor industry, including tax incentives and R&D subsidies, provide a favorable development environment for Jinghua Microelectronics and other companies.
With the country's emphasis on technological innovation, the introduction of related policies will further promote the development of the semiconductor industry, providing more market opportunities for Jinghua Microelectronics and other companies.
International Policy Risks:
The uncertainty of the international trade environment may affect the company's export business, but the company has reduced the risk of a single market through a diversified market strategy.
The company needs to pay close attention to changes in the international market, flexibly adjust market strategies, and respond to potential policy risks.
A.Top's Investment Review:
Jinghua Microelectronics, as a company with strong competitiveness in the field of analog and mixed-signal integrated circuits, mainly reflects its investment value in its technological innovation capabilities, broad market applications, and national policy support. Although the current net profit is negative, indicating that the company may have non-recurring gains or losses in the near term, the company's growth potential and market prospects are still worth looking forward to in the long term. Investors should make rational investment decisions by comprehensively considering the company's financial situation, industry development trends, and international policy environment.