JW Insights: Less than half of 180 listed semiconductor companies in China achieve revenue growth in 23H1, and about 70% of them see profit decline
Chinese article by 秋贤
English Editor WM Zhang
09-08 10:56

By Li Panpan

(JW Insights) Sep 7-- Only 85 of the 180 A-share-listed semiconductor companies in China have achieved revenue growth, accounting for 47.22%, and 118 of them, accounting for 65.56%, saw a year-on-year decrease in net profit attributable to their parent companies, said a recent JW Insights report based on those companies' semi-annual performance reports released as of August 30.

The 180 companies achieved a total operating income of RMB340.363 billion ($46.85 billion), with an average of RMB1.891 billion ($260.30 million) per company.

There are seven companies with revenue of more than RMB10 billion ($1.38 billion), namely Wingtech Technology, USI, Truchum, SMIC, Taiji Industry, CECport, and JCET.

There are eight companies with revenue in the range of RMB5 billion ($688.25 million) to RMB10 billion ($1.38 billion), namely Will Semiconductor, Huahong Semiconductor, Naura Technology, JSJ, Kaifa Technology, Sanan Optoelectronics, Grinm Advanced Materials, and HT Technology.

There are 15 companies with revenue in the range of RMB2 billion ($275.30 million) to RMB5 billion ($688.25 million), including Silan Micro, Zhenhua Technology, Unigroup Guoxin Microelectronics, GigaDevice, CCTC, Yangjie Technology, Hygon, Goke Microelectronics, AMEC, Amlogic, Sunlord Electronics, Yoke Technology, Fenghua Hi-Tech, BDStar Navigation, and Goodix Technology.

Only four companies had revenue growth exceeding 100%, accounting for 2.22%. Skyverse Technology's revenue growth rate reached 202.25%, followed by SICC, Wanye Enterprise, and MacMic Technology, whose revenue growth rates were 172.38%, 134.34%, and 129.70%, respectively.

Nine companies had revenue growth between 50% and 100%, accounting for 5%, namely JSJ, Piotech, Hwatsing, Raytron, Semitronix, Zhenhua Fengguang, Naura Technology, Goke Microelectronics, and Empyrean.

There are 24 and 48 companies with revenue growth in the range of 20% to 50% and 0% to 20%, accounting for 13.33% and 26.67%, respectively; 95 companies registered a decline in revenue growth rate year-on-year, accounting for 52.78%.

In terms of profits, among the 180 companies, 148 of them achieved net profits attributable to their parent companies totaled RMB30.448 billion ($4.19 billion) in the first half of 2023, while 32 companies suffered net profit losses, with a total loss of RMB2.927 billion ($402.90 million).

Judging from the scale of net profit attributable to parent companies, eight and 49 companies had net earnings of more than RMB1 billion ($137.65 million) and RMB1 to RMB1 billion ($137.65 million), accounting for 4.44% and 27.22%, respectively. Ninety-one companies had net profits between 0 and RMB100 million ($13.76 million), accounting for 50.56%.

Specifically, companies with net profits attributable to shareholders of more than RMB500 million ($68.83 million) are SMIC, JSJ, Naura Technology, Huahong Semiconductor, Zhenhua Technology, Unigroup Guoxin Microelectronics, Wingtech Technology, AMEC, USI, CCTC, and Hygon.

In terms of net profits, among the 180 companies, 62 companies experienced a year-on-year increase in net profit, accounting for 34.44%, while 118 companies experienced a decrease, accounting for 65.56%.

From the perspective of net profit growth, Semitronix's net profit attributable to its parent company increased by 3903.60% year-on-year, ranking first.

Fourteen companies experienced a decline in net profit attributable to their parents by more than 200%, including Chippacking Technology, HC SemiTek, Goodix Technology, NavInfo, MEMSensing Microsystems, InfoTM, Fine Made Microelectronics, and Loongson Technology.

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