Home » The overall capacity utilization rate is relatively high, and China Resources Micro expects its net profit to increase by 129% to 132% year-on-year.

The overall capacity utilization rate is relatively high, and China Resources Micro expects its net profit to increase by 129% to 132% year-on-year.

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On the evening of January 20, China Resources Micro (688396) released an announcement on the pre-increase in 2021. The company expects to achieve a net profit of 2.209 billion yuan to 2.233 billion yuan last year, an increase of 129% to 132% year-on-year.

Talking about the main reasons for the growth in performance, the company believes that in 2021, the company will give full play to the advantages of the IDM model, strengthen product business, enhance the company’s core technology research and development capabilities, and continue to consolidate its leading position in the domestic power semiconductor field. The orders received by the company are relatively full, the overall capacity utilization rate is relatively high, the overall performance is significantly better than the same period last year, and both operating income and gross profit margin have increased year-on-year.

According to reports, the company is China’s leading semiconductor enterprise with integrated management capabilities of the whole industry chain such as chip design, wafer manufacturing, packaging and testing, and its products focus on the fields of power semiconductors, smart sensors and intelligent control. After years of development and a series of integrations, the company is currently the leading semiconductor company operating a complete industrial chain in China.

From the perspective of the industry, in recent years, the application fields of power semiconductors have expanded from industrial control and consumer electronics to new energy, rail transit, smart grid, variable frequency home appliances and many other markets, and the market size has shown a steady growth trend. According to Omdia data, the global power semiconductor market is expected to grow to US$44.1 billion in 2021 and exceed US$50 billion by 2024. In 2021, the scale of China’s power semiconductor market will reach 15.9 billion US dollars, and it is expected to reach 19 billion US dollars by 2024, with a broad domestic alternative space.

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The industry believes that with the national policy creating a favorable development environment for the mainland semiconductor industry and the shift of the semiconductor industry’s center of gravity to China, China’s power semiconductor industry is expected to take the lead in realizing domestic substitution and enter a golden age of rapid development. Chinese power semiconductor companies are expected to achieve breakthroughs in consumer electronics, industrial control, automotive electronics and other fields, and the process of domestic substitution is accelerating.

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