"prosperous"! Performance of Local Component Distributors in 2021
as can be seen from the above table, the relevant financial data released by these six listed companies have achieved positive year-on-year growth. Among them, the largest increase is the net profit of Ruineng Technology, which increased by nearly 2.5 times year-on-year in 2020; secondly, the net profit of the return of the source information also doubled year-on-year; the rest of the enterprises achieved more than 30% growth. It can be seen that in 2021, under the dual promotion of global chip supply shortage and strong downstream demand, the overall operation of the domestic component distribution industry is good, the head distributors seize the opportunity, find the right track, successfully advanced into the performance growth track.
Shenzhen Huaqiang
, as the first company to release its 2021 annual report, Shenzhen Huaqiang handed over a brilliant report card. In 2021, Shenzhen Huaqiang achieved operating income of 22.841 billion yuan, a year-on-year increase of 39.86%; realized net profit attributable to shareholders of listed companies of 0.883 billion yuan, a year-on-year increase of 41.46%, and net profit after deduction of non-profit increased by 45.98% year-on-year.
At present, Shenzhen Huaqiang has formed three major business segments, covering the authorized distribution of electronic components, the Internet division of the electronic components industry, and the physical trading market division of electronic components and electronic terminal products.
(1) The main business is the authorized distribution of electronic components (Huaqiang Semiconductor Group), with revenue of 19.099 billion yuan in 2021, up 30.17% year-on-year. In 2022, it will continue to expand and strengthen its main business, including: continuing to improve the unified operation and management platform for authorized distribution of electronic components; Deepen cooperation with key product lines and customers, and continuously enrich product lines and customer resources; Promote the construction of semiconductor application program research and development and promotion center, increase research and development investment, and strengthen technology distribution capability; Continue to explore merger and acquisition opportunities in the authorized distribution industry of electronic components through multiple channels.
(2) Innovative business is the electronic components industry Internet (Huaqiang Electronic Network Group),2021 revenue of 3.129 billion yuan, the same caliber year-on-year growth of 381.28%. In 2022, it will continue to strengthen the core competitiveness of innovative business, including: continuously increasing investment in IT technology research and development, strengthening digital capabilities, and enhancing platform competitiveness; continuously enriching and improving database resources, promoting business innovation, and promoting business development; actively promoting the IPO process, Strive to land in the capital market as soon as possible, and use the advantages of the capital market to accelerate development;
(3) The "Cash Cow" business is a physical trading market for electronic components and electronic terminal products (Huaqiang Electronics World), maintaining stable operating results. In 2022, we will continue to carry out "micro-innovation" such as operation and service to promote the steady development of the business.
In addition, Shenzhen Huaqiang will further explore the road of industrial upgrading in 2022, for example, continue to carry out CVC investment and gradually build an industrial chain ecology; If there is a suitable opportunity, it will directly acquire semiconductor design, manufacturing or IDM enterprises. Explore the cultivation and development of IC design and other businesses based on its own technical team......
commercial electronics
the end of January, Shangluo Electronics disclosed its 2021 performance forecast, and it is expected to achieve a net profit of 0.224 billion yuan to 0.247 billion yuan attributable to shareholders of listed companies in 2021, a year-on-year increase of 49.73%-65.10%; it is expected to achieve a net profit of 0.21 billion yuan to 0.231 billion yuan after deducting non-recurring gains and losses attributable to shareholders of listed companies in 2021, a year-on-year increase of 54.50%-69.95%.
During the reporting period, the company's performance achieved a substantial increase over the same period of the previous year. The main reasons are as follows:
(1) In the first half of 2021, with the further improvement of the domestic epidemic situation, while the foreign epidemic continues to repeat, a large number of orders returned to the domestic; domestic consumer electronics, network communications, automotive electronics, industrial control and other industries continued to improve, related electronic components products in short supply. Since the second half of the year, the business climate of traditional industries such as consumer electronics has fallen slightly, and the business climate of emerging industries such as new energy vehicles, photovoltaics, servers, and VR/AR has continued to rise.
(2) For the upstream original factory, the company has continuously expanded its high-quality original factory authorized agency qualification. Up to now, the company has more than 90 agency product lines and about 30,000 SKU's. At the same time, under the background of accelerating domestic substitution, the company has obtained the agency rights of a series of domestic high-quality electronic component manufacturers including Shunlu Electronics, Leshan Radio, Zhaoyi Innovation, Changxin Storage, Dongwei Technology, Zhir, it has formed a positive interaction with a wide range of high-quality customer resources, thus driving the company's revenue and profit level significantly higher.
For downstream customers, the company has provided distribution services to more than 3,000 customers. The huge customer base provides the company with long-term potential business opportunities and promotes the company's continuous improvement in performance. The company's key layout of new energy vehicles, photovoltaics, servers, VR/AR and other market segments, business development is beginning to bear fruit. In addition, the company continues to expand its overseas business territory. At present, it has set up molecular companies or offices in Japan, Singapore, Malaysia, Hong Kong, Taiwan Province of China and other places, and has achieved significant growth in overseas income.
Ruineng Technology
Ruineng Technology announced its 2021 annual performance bulletin. In 2021, the company achieved operating income of about 2.085 billion yuan, an increase of about 39.30% year-on-year; the total profit was 92.45296 million yuan, an increase of 290.38% year-on-year; the net profit attributable to shareholders of listed companies was about 85.6828 million yuan, an increase of about 240.43% year-on-year.
According to reports, the IC distribution business of the three major businesses of Ruineng Technology has achieved a year-on-year growth of about 23.54%. The external cause is that the global semiconductor industry is in a shortage of chip supply and strong downstream demand in 2021, bringing challenges as well as many business opportunities. There are two internal reasons. One is that in the face of the shortage of upstream supply capacity, the company actively guarantees product supply through supply chain management and advance payment to ensure production capacity; the other is that in the face of the growing demand of downstream customers, the company optimizes product structure, Adjust product prices and other methods to achieve greater growth in gross profit margin and sales. During the reporting period, the main business income of Ruineng Technology IC distribution business was about 1.44 billion yuan, an increase of about 0.27 billion yuan and a year-on-year increase of about 23.54%.
torch electronics
On January 20, Torch Electronics released its earnings forecast. It is estimated that the net profit attributable to shareholders of listed companies will be about 0.96 billion yuan -1.02 billion in 2021, up about 57.51%-67.35% year-on-year. During the reporting period, the company's electronic components industry maintained a high degree of prosperity, and the company's self-produced components in the industry were gradually finalized and mass-produced, resulting in a substantial increase in revenue over the same period last year.
Torch Electronics' main source of income is the production and sales of electronic components, mainly capacitors.
specific distribution business, the impact of the global epidemic in 2021 to drive the demand of downstream customers in the trading sector, Torch Electronics according to market demand to adjust the supply of product categories, the release of new product line benefits, while carrying out in-depth cooperation with core customers, the trade sector business to maintain steady growth.
Force source information
At the end of January, Liyuan Information released its 2021 annual results forecast, which is expected to turn a profit year-on-year. During the reporting period, the net profit attributable to shareholders of listed companies was 0.3 billion yuan to 0.32 billion yuan, turning losses into profits compared with the same period last year.
Liyuan information said that through long-term cultivation and accumulation of the market and optimization of product structure, during the reporting period, the company's market revenue in industry and new energy, automobile, intelligent instrument, ubiquitous power Internet of things, wireless communication and other markets has achieved great growth, and the product revenue with high gross profit margin has also increased significantly, which has improved the overall profitability of the company.
worth mentioning that in the fourth quarter of 2021, the company's self-developed MCU chips have entered the stage of small-volume production.
Artron Electronics
On January 24, Artron Electronics disclosed a pre-increase announcement in its 2021 results, with net attributable profit expected to increase by 88 million yuan -95 million yuan over the previous year, up 47.76% - 59.52% year-on-year. On a quarterly basis, the median net profit of Q4 in a single quarter was about 36.5 million yuan, exceeding the total profit in the first half of the year and increasing by 66% month-on-month.
for the main reasons for the performance changes, Yachuang Electronics said that during the reporting period, the domestic epidemic was basically under control, the domestic substitution process continued to deepen, the electronic, intelligent, networked continuous upgrading of automobiles, to promote the electronics industry continued to improve, downstream customer demand is strong, the company's distribution business and self-research IC business sales have increased significantly.
In its distribution business, the company promotes new products and strengthens in-depth cooperation with customers based on its own advantages in enriching customer resources and maintaining its original business. At the same time, new customers or new projects are continuously developed to obtain new orders. The company continues to improve the level of technical services, to provide customers with system-level software and hardware solutions design and development of technical services, in order to achieve product solutions to drive the sales of components, strengthen the stickiness with customers, and continue to expand the sales of distribution business.
, affected by many factors, the global chip supply is tight, and affected by domestic policies, the domestic IC industry is gradually implementing import substitution. The company is actively conducting IC product certification with domestic vehicle manufacturers to speed up product introduction., Make use of the resource advantages of suppliers to ensure the stability of production capacity, in order to increase the sales of IC products and continuously expand the market share of products. The Company expects IC business revenue to be RMB72 million -80 million in 2021, up 68.92%-87.69% YoY. Up to now, the company has developed more than 40 products, and the products have been successfully introduced into Hyundai, Kia, Chrysler, Volkswagen, GAC, FAW, SAIC, Geely, Changan, Great Wall, BYD, Hyundai, Xiaopeng and other well-known automobile manufacturers at home and abroad.
data, Artron Electronics is a domestic authorized distributor of electronic components and a power management IC design manufacturer, listed on the Shenzhen Stock Exchange GEM on November 22, 2021.
stimulated by internal and external factors in recent years, local distributors have implemented a diversification strategy. This is not for the current performance, but for the future development to find a new track and build a moat. As for listed companies, they have very good resource advantages. They can gradually upgrade to a supply chain enabling platform through self-built IC design team, expansion of product lines, enhancement of technical service capabilities, acquisitions and mergers and acquisitions, and escort the innovation and development of the electronic industry chain.
