On July 22, the Science and Technology Innovation Board celebrated its third anniversary. As of yesterday evening,There are 437 companies listed on the Science and Technology Innovation Board, with a total market value exceeding 5.56 trillion yuanwith outstanding results.

Looking back at the past three years, many chip semiconductor Companies have successfully landed on the Science and Technology Innovation Board, ushering in a milestone moment. According to the statistics of the core stuff, as of the close of July 21,There are a total of 70 semiconductor-related companies listed on the Science and Technology Innovation Board, accounting for about 16.0% of the number of listed companies on the Science and Technology Innovation Board.; The total market value reached 1.70 trillion yuan, accounting for about 30.4% of the total market value of the Science and Technology Innovation Board.

These 70 companies include 39 design companies, 1 EDA company, 1 IP company, 4 foundry and IDM companies, 2 packaging and testing companies, 9 equipment companies, 8 material companies, and 6 component companies. .

The registered places of these STAR Market-listed semiconductor companies are relatively concentrated in Jiangsu, Zhejiang and Shanghai, with Shanghai (21), Suzhou (11) and Shenzhen (10) having the most.

In fiscal 2021, these companies achieved a combined revenue of more than 136.6 billion yuan and a net profit attributable to the parent company of more than 28.4 billion yuan. The top ten revenue and net profit are as follows:

Among these semiconductor-related companies,SMIC, which ranks first, is also the company with the highest market value on the entire Science and Technology Innovation Board.. As of the close on July 21, the top ten market capitalization and stock price top ten are as follows:

Among the top ten companies by market value, there are 4 chip design companies, 3 wafer foundries and IDM companies, 2 semiconductor equipment companies, and 1 semiconductor material company.

From the initial launch date,The number of semiconductor-related companies that successfully land on the Science and Technology Innovation Board is increasing every yearFrom 2019 to 2022, 13, 17, 19, and 21 semiconductor companies were successfully listed each year.

▲ The stock market performance of semiconductor-related companies listed on the Science and Technology Innovation Board (as of the close of July 21, 2022, if there are any mistakes, corrections or additions are welcome)

01. 7 companies with a market value of over 50 billion, 41 with a market value of over 10 billion

According to statistics, among the 70 semiconductor-related companies listed on the Science and Technology Innovation Board,Only SMIC has a total market value of more than 100 billion yuan, 7 companies with a total market value of more than 50 billion yuan, and 41 companies with a total market value of more than 10 billion yuan.

▲ Sorting of semiconductor-related companies listed on the Science and Technology Innovation Board with a market value of 10 billion (as of the close of market on July 21, 2022, if there are any errors or omissions, please correct or supplement)

Below, we have compiled the latest market capitalization and fiscal 2021 results of these listed companies by different categories.

02. Chip design: Montage Technology has the highest market value, with 26 companies having a net profit of over 100 million last year

39 chip design companies listed on the Science and Technology Innovation Board, with a total market value of 0.71 trillion yuan, accounting for about 42.3% of the total market value of semiconductor-related companies listed on the Science and Technology Innovation Board. In fiscal 2021, these companies had a combined revenue of 55.677 billion yuan and a net profit attributable to the parent company of 8.702 billion yuan.

The highest market value is Montage Technology, the world’s top three and first domestic memory interface chip leader, with a recent market value of 65.265 billion yuan; followed by FPGA leader Fudan Microelectronics, with a market value of more than 50 billion yuan; 23 chip design companies with a market value of more than 100 yuan billion.

▲ According to the market value from high to low, the chip design companies listed on the Science and Technology Innovation Board are sorted (as of the close of July 21, 2022, if there are any mistakes, corrections or additions are welcome)

Among them, the number of analog chip companies involved in power management chips or signal chain chips is mostly, there are at least 11 companies such as Naxinwei and Srepo; the main audio and video SoCs are Rockchip, Jingchen, Hengxuan Technology, China There are 5 companies including Kelanxun and Actions Technology; there are also domestic leaders in the fields of CMOS image sensor (CIS), FPGA, baseband chip, RF chip, AI chip, and CPU.

Among these companies, the top performer is Gekewei, the world’s largest CIS chip shipment, whose revenue in fiscal year 2021 exceeded 7 billion yuan and a net profit of about 1.3 billion yuan; 26 companies’ net profit in fiscal year 2021 More than 100 million yuan, 5 companies are still at a loss.

Among them, Montage Technology, the world leader in memory interface chips, Espressif Technology, the leader in domestic Wi-Fi MCU chips, and Ruichuang Micro Nano, the leader in domestic infrared MEMS chips, are the first companies listed on the Sci-tech Innovation Board.

Sorted by the distribution of registration places, Shanghai topped the list with 14 companies, followed by Shenzhen, Suzhou, Beijing, and Wuxi.

In the field of EDA and IP upstream of chip design, two companies have successfully landed on the Science and Technology Innovation Board, one is the leading domestic semiconductor IP company Xinyuan, and the other is “the first domestic EDA stock” Gelun Electronics.

▲ Sorted by market value from high to low, EDA & Semiconductor IP companies listed on the Science and Technology Innovation Board (as of the close of July 21, 2022, if there are any errors or omissions, please correct or supplement)

They are all Shanghai companies with a total market value of 0.38 trillion yuan, accounting for about 20.9% of the total market value of semiconductor-related companies listed on the Science and Technology Innovation Board. In fiscal year 2021, the total revenue of these companies was 2.333 billion yuan, and the net profit attributable to the parent company was 42 million yuan.

03. Manufacturing & packaging and testing: SMIC is the best in the world, with net revenue reaching tens of billions

Among the companies listed on the Science and Technology Innovation Board, there are 4 wafer foundry and semiconductor IDM companies, with a total market value of 0.49 trillion yuan, accounting for about 29.2% of the total market value of semiconductor-related companies listed on the Science and Technology Innovation Board.

▲ Sorted by market value from high to low, foundry & semiconductor IDM companies listed on the Science and Technology Innovation Board (as of the close of business on July 21, 2022, please correct or supplement if there are any mistakes)

In fiscal 2021, the four companies had a combined revenue of 60.833 billion yuan and a net profit attributable to the parent company of 15.160 billion yuan. Only SMIC has a revenue and net profit scale of tens of billions, and its market value is also far behind other semiconductor-related companies.

There are two chip packaging and testing companies that have successfully landed on the Science and Technology Innovation Board: Liyang Chip is a leader in chip testing in China and has become one of the largest independent third-party integrated circuit testing bases in China; Qipai Technology is a domestic packaging and testing company with advanced technology in South China. , One of the domestic-funded integrated circuit packaging and testing enterprises with relatively complete product series and the largest production and sales scale.

▲ Sorted by the market value from high to low, the IC packaging and testing companies listed on the Science and Technology Innovation Board (as of July 21, 2022 closing, if there are any mistakes, please correct or add)

04. Equipment & materials: domestic etching leaders, large silicon wafer suppliers ranked first in market value

There are a total of 9 semiconductor equipment companies listed on the Science and Technology Innovation Board, with a total market value of 0.24 trillion yuan, accounting for about 14.4% of the total market value of semiconductor-related companies listed on the Science and Technology Innovation Board. In fiscal 2021, these companies had a combined revenue of 7.952 billion yuan and a net profit attributable to the parent company of 2.567 billion yuan.

▲ Sorted by market value from high to low, listed semiconductor equipment companies on the Science and Technology Innovation Board (as of the close of July 21, 2022, if there are any mistakes, corrections or additions are welcome)

in,The latest market value, annual revenue and annual net profit of the domestic etching machine leader Zhongwei rank first on the listthe plasma etching machine equipment developed by the company has entered the customer’s 5nm production line.

All equipment companies in the table above are profitable, but the focus of R&D varies.

For example, Shengmei Shanghai is the leader of domestic semiconductor cleaning equipment, Huahai Qingke is the leader of domestic chemical mechanical polishing (CMP) equipment, Tuojing Technology, Huafeng Measurement and Control are the leader of domestic semiconductor thin film deposition equipment, and Xinyuan Micro is the domestic leader of semiconductor coating and development. The equipment leader, Xinqi Microdevice is the leader of domestic direct-writing lithography equipment.

Among the 8 semiconductor material companies listed on the Science and Technology Innovation Board, the one with the highest market value is the domestic semiconductor wafer leader Shanghai Silicon Industry, which fills the gap in the industrialization of 12-inch wafers in mainland China. The market value of the domestic third-generation semiconductor substrate leader Tianyue Advanced and the domestic CMP polishing liquid leader Anji Technology also reached tens of billions.

▲ Sorted by market value from high to low, listed semiconductor materials and components companies on the Science and Technology Innovation Board (as of the close of July 21, 2022, if there are any mistakes, corrections or supplements are welcome)

Among the six semiconductor component companies, Dongwei Semiconductor is the leader of domestic high-performance power semiconductor devices in super junction MOSFETs, Focuslight Technology is the leader of domestic high-power semiconductor lasers, Macro Micro Technology is the leader of domestic IGBT power semiconductor devices, and Sciorui is my country’s privately-owned company. One of the leading companies in the field of military electronic component testing, Helin Micro Nano is a leading domestic MEMS micro component leader and a pioneer in the field of semiconductor chip testing probes. Canqin Technology is an important upstream supplier of the domestic 5G communication industry chain.

The total market value of these material and component companies is 0.19 trillion yuan, accounting for about 11.5% of the total market value of semiconductor-related companies listed on the Science and Technology Innovation Board. In fiscal year 2021, the revenue was 8.647 billion yuan and the annual net profit was 1.665 billion yuan.

05. Conclusion: The three-year lifting of the ban is approaching, and domestic semiconductor companies coexist with vitality and crises

In general, the market value, revenue and annual net profit of various types of semiconductor companies listed on the Science and Technology Innovation Board are as follows:

It can be seen that the total market value of 39 chip design companies, 1 wafer foundry company and 3 semiconductor IDM companies listed on the Science and Technology Innovation Board semiconductor-related companies, revenue in fiscal year 2021, and net profit in fiscal year 2021 all account for a large proportion. . The profitability of upstream related companies is relatively limited.

As the “experimental field” of my country’s registration system reform, the Science and Technology Innovation Board has gone through three years, and the market operation mechanism has become more and more mature. Seizing opportunities for industrial development, strengthening R&D investment and improving corporate governance provide the impetus.

With the arrival of the third anniversary of the opening of the Science and Technology Innovation Board, listed companies will also enter the “three-year lifting period” one after another, that is, the first issue of the original shareholders’ restricted shares will be lifted. If there is a concentration reduction and personnel flow, this may bring about selling pressure and have a certain impact on the development of the domestic semiconductor industry. It is believed that after the short-term turbulence and adjustment period, the domestic semiconductor industry will move towards a more orderly development stage.