New! The preview of the semi-annual report has begun. How are companies such as Absen and China Microelectronics performing?

Absen: Expected half-year net profit to increase by 310% to 320% year-on-year

On July 5, Absen (300389) released its 2022 semi-annual performance forecast. During the reporting period, the net profit attributable to shareholders of listed companies was 80 million yuan - 84 million yuan, an increase of 309.63% - 320.11% over the same period last year; the basic earnings per share was 0.2433 yuan - 0.2554 yuan per share. The company made the above prediction based on the following reasons: 1. The company's operating income in the first half of 2022 will be approximately 1.100 billion yuan, a year-on-year increase of approximately 30.3% from 844 million yuan in the first half of 2021; of which, the operating income in the first quarter of 2022 will be 493 million yuan, and the operating income in the second quarter will be approximately 607 million yuan, a year-on-year increase of approximately 23.1% between quarters. During the reporting period, due to the impact of the epidemic and economic downturn, operating income in the Chinese market declined year-on-year in 2021; however, with the full recovery of overseas markets, the international market increased by more than 100% during the reporting period compared with 2021; the implementation and implementation of the company's "both internal and external attacks" strategy provided guarantee for the overall stable growth of the company's performance in the uncertain external economic environment during the reporting period.

During the reporting period, the company achieved a gross profit margin of approximately 32.2%, a substantial increase of approximately 10.4% compared to 21.8% in the first half of 2021; changes in the sales structure in China and internationally were the main reason for the substantial increase in gross profit margin during the reporting period; similar to the first quarter of 2022, the significant year-on-year increase in operating income during the reporting period reduced the factory's manufacturing expense rate, and economies of scale were apparent, improving the overall gross profit margin.

AMEC: Revenue in the first half of the year is expected to increase by approximately 47% year-on-year

On the evening of July 5, China Microsystems (688012) released its 2022 semi-annual performance forecast. The company expects operating income in the first half of 2022 to be approximately 1.97 billion yuan, a year-on-year increase of approximately 47.1% (operating income in the first half of 2021 is 1.34 billion yuan, a year-on-year increase of approximately 36.8%); new orders are approximately 3.06 billion yuan, a year-on-year increase of approximately 62%.

At the same time, China Microsystems expects to achieve a net profit attributable to the parent company of 420 million yuan to 480 million yuan in the first half of 2022, a year-on-year increase of 5.89% to 21.02%; during the same period, the net profit after non-deductions will be 410 million to 450 million yuan, a year-on-year increase of 565.42% to 630.34%.

As for the main reasons for the change in performance, Micron stated that the year-on-year increase in net profit after non-deductions was mainly due to the company overcoming the adverse effects of the epidemic in the first half of 2022. At the same time, benefiting from the development of the equipment market and the company's product competitiveness, the company's operating income and gross profit in the first half of 2022 increased significantly year-on-year.

The notice also shows that the year-on-year increase in the company's net profit is mainly due to the year-on-year increase in net profit after deducting non-recurring revenue and gross profit growth in the first half of this year. However, non-recurring income in the first half of the year decreased by approximately 330 million yuan compared with the same period last year.

Changes in non-recurring gains and losses mainly include: government subsidy income included in non-recurring gains and losses in the first half of the year decreased by approximately 210 million yuan compared with the same period last year; the company's income from changes in fair value due to equity investments in the first half of the year decreased by approximately 200 million yuan compared with the same period last year, mainly due to the decline in the stock prices of SMIC and Tianyue Advanced held by China Microelectronics Corporation during the current period.

It is understood that AMEC is mainly engaged in the R&D, production and sales of high-end semiconductor equipment and pan-semiconductor equipment. The company's plasma etching equipment has been used in international first-tier customers from 65 nanometers to 14 nanometers, 7 nanometers and 5 nanometers and other advanced integrated circuit processing and manufacturing production lines and advanced packaging production lines; the company's MOCVD equipment has been put into large-scale mass production on the production lines of industry-leading customers, and the company has become the world's top gallium nitride-based LED equipment manufacturer.

In terms of business, among them, the company's MOCVD has achieved a good share and positioning, and investors are also paying attention to the future growth of this business. China Microelectronics Corporation stated that MOCVD equipment is currently widely used in the lighting and display markets. What's more important is the expansion of the Mini LED and Micro LED markets, and the development prospects of related markets are great. Important applications of MOCVD equipment also include power devices. Market agencies predict that by 2026, the global demand will exceed 800 MOCVD equipment per year. AMEC has developed related products in three of the fields. The company will continue to develop epitaxial equipment in the fields of lighting and display, including Mini LED, Micro LED, and power devices. The company expects to cover approximately 75% of the MOCVD equipment market. The future market space is very broad.

In terms of etching equipment, the company stated that in the logic integrated circuit manufacturing process, the 12-inch high-end etching equipment developed by the company has been used in advanced chip production lines ranging from 65 nanometers to 5 nanometers by internationally renowned customers; at the same time, based on the needs of advanced integrated circuit manufacturers, the company has developed etching equipment less than 5 nanometers for the processing of several key steps, and has obtained batch orders from industry-leading customers. The company is currently responding to customer needs to develop a new generation of etching equipment and etching processes including more advanced Damascus, which can cover more etching requirements below 5 nanometers and equipment for more different key applications.

In addition, AMEC also introduced the construction of the new base in Nanchang: the R&D and production base of approximately 140,000 square meters in the High-tech Zone in Nanchang City, Jiangxi Province has been fully closed<< and is planned to be put into production in 2022. Nanchang Industrialization Base is mainly responsible for the large-scale mass production of relatively mature products and the research and development and upgrading of some products.