As an important semiconductor material, silicon carbide has broad application prospects in new energy vehicles, 5G communications and other fields. Recently, a number of listed silicon carbide (SiC) companies have successively disclosed their 2024 semi-annual reports, and Ruizhichen has found that each company has shown different development trends.
The Trends
Turning losses into profits, profitable companies are in good momentum
Among the companies that have announced their semi-annual reports, Jingsheng shares expects a year-on-year increase of 118.72-141.92% in net profit in the first half of 2024. At present, Jingsheng shares' 8-inch SiC crystal growth equipment has achieved batch shipments, with rich product categories, which can meet customers' differentiated and customized needs, and gradually become a domestic supplier of semiconductor-grade crystal growth equipment with strong competitiveness.
Tianyue Advanced turned losses into profits, with revenue of 912 million yuan in the first half of the year, a year-on-year increase of 108.27%. In terms of products, it has achieved batch supply of products such as 8-inch conductive substrates, 6-inch conductive substrates, 6-inch semi-insulating substrates, and 4-inch semi-insulating substrates. Customers include well-known customers in power electronics devices, 5G communications, automotive electronics and other fields at home and abroad.
Yangjie Technology achieved double growth in revenue and net profit. Yangjie Technology is committed to the industrial development of mid-to-high-end fields such as power semiconductor silicon wafers, chips and device design, manufacturing, packaging and testing. Its products are widely used in automotive electronics, clean energy, 5G communications, security, industry, consumer electronics and other fields.
Although the net profit attributable to the parent company of Naxinwei was negative, it achieved revenue of 849 million yuan, a year-on-year increase of 17.30%. With the steady growth of demand in the downstream automotive electronics field, the continuous increase in the volume of its related products in the automotive electronics field, and the continuous improvement in the prosperity of the consumer electronics field, it achieved a year-on-year increase in revenue.
The Future
Climbing uphill with heavy loads, loss-making enterprises are still moving forward
In the first half of the year, Silan Micro's 6-inch SiC power device chips were in the capacity climbing stage, and it is expected that the net profit attributable to the parent company in the first half of 2024 will be -30 million to -20 million yuan. Its subsidiary Silan Mingjia's 6-inch SiC power device chip production line is still in the capacity climbing stage, and the fixed production costs are relatively high, resulting in large losses. However, at present, Silan Mingjia SiC chip production line is in a rapid increase in volume, and the loss is expected to gradually decrease in the second half of the year. At the same time, Silan Micro continues to increase its R&D investment and accelerate the construction of automotive-grade, industrial-grade circuit and device chip process platforms.
Dongni Electronics expects to achieve a net profit attributable to the parent company of -68 million to -48 million yuan in the first half of 2024. In the first half of this year, Dongni Electronics has made new progress in SiC expansion. Its 2021 non-public offering and investment project "annual production of 120,000 pieces of silicon carbide semiconductor materials" has been completed in the first half of 2023, and plans to further expand on the basis of this investment project.
Although some companies suffered losses in the first half of the year, they have not stopped their development. Whether it is a company in the stage of capacity climbing or a company that is actively expanding production, they are all working hard for the future of the silicon carbide industry.
In addition, Ruizhichen Technology is also vigorously developing silicon carbide (SiC) power devices, and its strength is good. Shenzhen Ruizhichen Technology Co., Ltd. was established in 2007. Its main products include SiC power devices, power management chips, sensor chips and other series. The company has its own intellectual property rights and has hundreds of invention patents and utility model patents. In recent years, the company has developed power devices such as SiC and IGBT, and the packaging forms include TO247-3, TO247-4PHC, IPM24A-D, WPM11C and other shapes. The products are mainly used in energy storage, charging piles, inverters, photovoltaics, electric vehicles, high-speed rail, power grids and other fields. In the current situation of fierce competition in the silicon carbide industry, Ruizhichen Technology is promoting the development of the industry with its strength and contributing to the silicon carbide industry.
Source: Ruizhichen Zhihu
