"Core Core" Thriving! A group of chip "top students" with doubled performance, main influencing factors exposed.

With the gradual recovery of the global semiconductor market, several A-share chip companies have released performance forecasts for 2024, expecting a significant increase in net profit. Based on the performance forecasts disclosed in the past two days, several chip companies have shown doubled growth in their 2024 performance. Among them, Hangzhou Changchuan Technology's performance forecast is the most eye-catching, expecting a maximum tenfold increase in net profit in 2024; Will Semiconductor, with a market value of one trillion and GigaDevice Semiconductor Inc., with a market value of 80 billion, are expected to have a year-on-year net profit growth of around 500%. Nexchip Semiconductor Corporation, Jiangsu Jiejie Microelectronics, and Ruixin Microelectronics, which disclosed their performance forecasts on Monday, also saw their performance increase by over 100% in the previous year. Additionally, Shanghai Belling Corp., Ltd. reported a turnaround in net profit. The main reasons for the forecasted increase in performance by the above companies are attributed to the recovery of the semiconductor industry and the rebound in market demand. Specifically, Hangzhou Changchuan Technology's performance forecast shows that it expects a net profit attributable to shareholders of listed companies of 400 million to 500 million yuan in 2024, a growth of 785.75% to 1007.18% compared to the same period last year. The net profit excluding non-recurring gains and losses attributable to shareholders of the listed company is expected to be 359 million to 459 million yuan, an increase of 568.93% to 699.55% compared to the same period last year. The company stated that the main reasons for the performance growth are the recovery of the global semiconductor market, the improvement in the company's market image, brand value, core competitiveness, significant growth in operating income, the manifestation of economies of scale, stabilization of expense ratios, and the impact of government subsidies. GigaDevice Semiconductor Inc. released its performance forecast, expecting a net profit attributable to shareholders of listed companies of around 1.09 billion yuan in 2024, a year-on-year growth of around 576.43%. The net profit after deducting non-recurring gains and losses attributable to shareholders of listed companies is expected to be around 1.03 billion yuan, an increase of around 3659.04% year-on-year. The main reasons cited by the company are the recovery in downstream market demand in the industry, significant growth in revenue and sales volume in consumer, networking, and computing sectors, increased investment in research and development and product iteration, optimization of product costs, enrichment of product matrices, and enhancement of competitiveness in multiple product lines. Additionally, asset impairment losses in 2024 decreased significantly compared to 2023. Will Semiconductor released its performance forecast, expecting a net profit of 3.155 billion to 3.355 billion yuan in 2024, an increase of 467.88% to 503.88% year-on-year. The company stated that during the reporting period, with the continuous penetration of image sensor products in the high-end smartphone market and automotive autonomous driving applications, the market share in related areas has steadily grown, and the company's operating income and gross profit margin achieved significant growth, setting a historical record for operating income; in addition, in response to the impact of industry fluctuations, the company actively promoted the optimization of product structure and supply chain structure, gradually restored product gross margins, and significantly improved overall performance. Nexchip Semiconductor Corporation reported its performance forecast, expecting annual operating income of 9.02 billion to 9.47 billion yuan in 2024, an increase of 24.52% to 30.74% year-on-year. It expects a net profit of 455 million to 590 million yuan attributable to the parent company's owners, an increase of 115.00% to 178.79% year-on-year. The company cited the main reasons as the recovery of industry sentiment during the reporting period, maintaining a high utilization rate of overall production capacity, improving operating income and product gross margins, continuous expansion into various application areas and development of high-end products, enhancing competitive advantages and diversification of products. In addition, the company continues to increase R&D investment and promote the mass production and development of new products. Jiangsu Jiejie Microelectronics released its performance forecast, expecting a net profit attributable to shareholders of listed companies of 438 million to 504 million yuan from January 1 to December 31, 2024, an increase of 100% to 130% year-on-year. The company stated that the reasons for the performance growth are the moderate recovery of the semiconductor industry during the reporting period, the increase in comprehensive production capacity, maintaining high utilization of production capacity, growth in operating income and net profit compared to the same period last year. Subsidiary Jiangsu Jiejie Microelectronics (Nantong) Technology Co., Ltd. saw improved profitability, with net profit significantly increasing compared to the same period last year. Shanghai Belling Corp., Ltd. released its performance forecast, expecting a net profit of 380 million to 400 million yuan in 2024, a turnaround year-on-year; and an adjusted net profit of 2.68 billion to 2.88 billion yuan, an increase of 58% to 69% year-on-year. The main reasons for the company's performance change are the partial recovery of the integrated circuit industry, the penetration of its products in the automotive electronics and industrial control fields, and a significant increase in revenue. In addition, changes in the fair value of shares held by Wuxi Nce Power Co., Ltd. and investment income of about 126 million yuan, increased by about 397 million yuan compared to the same period last year. Ruixin Microelectronics released its performance forecast on Monday, expecting an annual operating income of 3.1 billion to 3.15 billion yuan in 2024, an increase of 45.23% to 47.57% year-on-year; and expecting a net profit of 550 million to 630 million yuan, an increase of 307.75% to 367.06% year-on-year. The company stated that the performance growth is driven by the recovery of global demand in the electronics market, rapid development of AI technology, continuous expansion of application scenarios, and driving the company's AIo.The growth in various industries was comprehensive. During the reporting period, the company achieved rapid growth in automotive electronics, machine vision, industrial and industrial applications. At the same time, the company will continue to leverage its core technology, products, and scene advantages in AIoT, focusing on the development of automotive electronic products, industrial applications, machine vision, and AIoT product lines such as Siasun Robot and Automation.This article is reposted from Caixin, edited by GMTEight: Chen Wenfang.