Section Of The Electronics Industry: The Total Market Capitalization Of The First Hundred Hundred Reserve Forces On The Road.

On the evening of June 29th, the SFC announced that it agreed to the IPO registration of SMIC. This means that A shares will soon usher in the 100 billion market capitalization chip foundry giant.

There were AI chips unicorn, Cambrian, and SMIC, and within one month, the two big star chip companies landed on the board of science and create a great deal of attention.

A few days ago, Fang Xinghai, vice chairman of the securities and Futures Commission, said that some important semiconductor companies would be listed on the CB board. The above statement has added a lot of fire to the "heat" of semiconductor companies.

In twenty-first Century, according to the statistics of the economic report reporters, there are 29 electronic enterprises in the 209 enterprises that have been queued up by IPO. In addition, with the introduction of the new third board selection layer transfer board policy, the new three board more than 90 stock semiconductor enterprises are also expected to provide a source of water for the science and technology innovation board. According to incomplete statistics, there are nearly 20 semiconductor companies that have not yet explicitly disclosed the listing sector and announced the break-up of the market.

The industry believes that in the second half of the year, with the SMIC's landing board forming an exemplary effect, the agglomeration effect of the Chuang Chuang plate semiconductor enterprise is expected to further emerge.

18 companies contributed 458 billion 700 million market capitalization

As of June 29th, there were 115 listed companies in the science and innovation board. According to the classification of the industry, the number of enterprises ranked first in the pharmaceutical industry is 24, the computer industry (24), the machinery and equipment industry (20), and the electronics industry (18). According to the Shen Waner industry classification, the number of semiconductor companies in the electronics industry is 11.

According to the total market capitalization, the pharmaceutical and biological industry ranks first, with a total market value of 490 billion 432 million yuan, followed by the electronics industry, with a total market value of 458 billion 696 million yuan, and again the computer industry with a total market capitalization of 427 billion 597 million yuan and a machinery and equipment industry with a total market capitalization of 349 billion 955 million yuan.

That is to say, 18 companies in the electronics industry contributed 458 billion 696 million yuan to the market value, accounting for 23% of the total market value of the science and technology board. While the 100 billion market capitalization of SMIC is officially launched, the total market value of the electronics industry will surpass the pharmaceutical and biological industry in the first place.

From the individual stock situation, the average market value of the 18 electronic enterprises of the science and Technology Board reached 25 billion 483 million yuan. Ranked first in total market value is Lan Qi technology, which is 113 billion 640 million yuan, ranking third in all science and Technology Board companies. Shanghai silicon industry, voice holdings, Huarun micro market value also amounted to more than 50 billion yuan.

Among them, LAN Qi technology is China's scarce memory buffer chip and server CPU platform solution provider; Shanghai silicon industry is one of the largest semiconductor silicon companies in mainland China; Huarun micro is the first red chip enterprise to be returned, and is considered by the industry to be the most complete industrial chain company of domestic semiconductor.

From these cases, we can see the concentration of semiconductor companies in the science and technology board. From a regulatory point of view, the intention of using capital markets to feed industries is also obvious. This support is most directly reflected in the audit time: the Cambrian used 68 days to break the audit record, and the core international audit time was shortened to 19 days.

"SMIC's rapid review is a surprise. It has been listed in mature markets abroad, and corporate governance and information disclosure have been strictly tested by the market," he said. An investment bank official said, "more significant is that it marks the development of domestic semiconductor enterprises from the perspective of capital market, driving the valuation of semiconductor manufacturing industry and speeding up the replacement of domestic chips. There will be no accident. Both companies will be listed successfully on the 1st Anniversary opening of the science and technology board.

From the valuation point of view, the science and technology board is also significantly improving the valuation of the semiconductor industry. The latest data show that excluding the unprofitable Shanghai silicon industry, the average valuation of the 10 semiconductor companies is 140 times, up to 314 times. The average valuation of 26 A share semiconductor companies is 85 times.

Reserve forces are adequate.

Judging from Fang Xinghai's statement, there will be some important semiconductor companies listed on Ke Chuang board. What are these important semiconductor companies?

The latest news shows that the SFC has agreed to register the IPO of Cambrian and SMIC. The former is known as "the first chip of AI chips". It is the first Unicorn enterprise in the field in China, with a valuation of more than 20 billion yuan. The latter is one of the world's leading integrated circuit foundry enterprises, and the Hong Kong stock market value exceeds 100 billion yuan.

In addition to these two star enterprises, in twenty-first Century, the economic report reporters combed the enterprises that were being examined by IPO, and found that there were 26 electronic components and semiconductor industries.

Among them, the registered core Min Xin stock company is a high-tech enterprise specializing in the research and design of sensors for microelectromechanical systems. It has been submitted to the company for registration, focusing on the Internet of things communication technology and the design and development of the special chips. The company has been accepted by the company as a whole signal chain chip design enterprise with the perception, computation and control. Technology is mainly engaged in packaging and testing of integrated circuits.

On the other hand, the new three board enterprises are also important sources of the enterprises of the Chuang Chuang board reserve.

As of June 29th, 53 enterprises have accepted the selection of the new three boards, and 10 of them have successfully passed the meeting. According to incomplete statistics, there are 95 new three board semiconductor enterprises, including 32 enterprises in the field of IC design, 24 enterprises in the PCB field, 18 enterprises in the field of power devices, 13 enterprises in passive components, and 8 enterprises in semiconductor materials enterprises.

In addition, according to the statistics of Soochow securities research, at present, apart from the companies that have made clear the board and the gem, 14 semiconductor companies have disclosed plans for listing, but have not explicitly disclosed the listing sector.

The number of red chip returns and spin offs is increasing.

A few days ago, through the internal reorganization, BYD renamed BYD microelectronics as BYD semiconductor, and said BYD semiconductor would introduce strategic investors, and will seek independent listing at the right time. Ke Chuang is considered to be one of its destinations.

From the above point of view, it is expected that more than 130 semiconductor companies will be listed in the future.

"In the medium term, the gem is expected to have semiconductor agglomeration effect, and A shares may be mapped. In the third quarter, SMIC and the unicorn listed on the Cambrian will further change the distribution pattern of the science and technology board industry. It is expected that the electronic market share will take the lead. GF Securities strategy team pointed out.

Wang Pingyang, an electronics analyst at Soochow securities, also believes that "with the upgrading of domestic alternative demand and the support of national industrial policies, the number of semiconductor listed companies is expected to continue to expand, and the capital market will also provide strong support for the development of semiconductor industry."