Semiconductor equipment manufacturers are "posting orders". The contract size of Shengmei Shanghai in hand is nearly 6.8 billion yuan.
Against the backdrop of cyclical adjustments in the semiconductor industry, semiconductor equipment has become one of the few contrarian growth tracks, but the market has begun to worry about the sustainability of rapid growth.
A-share semiconductor equipment giant Shengmei Shanghai (688082) "released orders" on the evening of September 27. The company currently has a total order amount of about 6.8 billion yuan, more than twice last year's revenue.
Shengmei Shanghai is engaged in the development, manufacturing and sales of cleaning equipment, electroplating equipment, stress-free polishing equipment, vertical furnace tube equipment, front-end coating and development equipment and plasma-enhanced chemical vapor deposition equipment. As of September 27, 2023, the company's total order amount on hand was 6.796 billion yuan, of which the total amount of signed contract orders was 6.526 billion yuan, a year-on-year increase of approximately 40%, and the bid-winning unsigned contract orders were 270 million yuan, a year-on-year increase of nearly 16%. times.
For orders that have won the bid but have not signed a contract, Shengmei Shanghai stated that due to the relevant procedures involved, as of the announcement date, the company has not yet signed a formal contract with the bidder for this project, including the contract signing time, performance arrangements, performance terms and There is still uncertainty about the final amount, and the company will recognize project revenue based on contract execution and revenue recognition policies; orders on hand include equipment orders that have been delivered to customers but have not yet received customer confirmation of receipt in accordance with Chinese accounting standards, and orders that will be received in the future. Delivery of equipment orders. In addition, the above data on orders on hand are derived from the company's internal statistics. Without auditing, the company's annual operating income, net profit and other financial data cannot be directly derived from this.
Benefiting from the increasing demand for equipment in the domestic semiconductor industry and the continued growth of sales orders, Ame Shanghai achieved operating income of 1.610 billion yuan in the first half of this year, a year-on-year increase of 46.94%. The company achieved attributable net profit of 439 million yuan, a year-on-year increase of approximately 80%. However, Compared with the 1.64-fold year-on-year increase in attributable net profit in the first half of last year, the growth rate of the company's performance has slowed down in the same period this year.
I don't have a gripe about their earnings, diplomats make a lot of money. My issue is how someone who graduated in East Asian Studies all the sudden has so much influence over a 600 billion dollar industry?
The semiconductor industry like many industries has always had their superstars-legends, people who have shifted the industry, like for example Morris Chang or Federico Faggin, this people grinded their entire lives in that industry but this could be probably the first time that people unrelated to the semiconductor industry have such influence.
