Market Brief

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Author

袁鉅文先生 (Aman Yuen)
經理

金融經濟系畢業, 從事股票衍生工具投資工作已有十年, 善於技術分析及期權買賣策略.歡迎各位來電交流心得
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36670666

華虹半導體(01347)

Friday, September 11, 2020 Views4076

華虹半導體有限公司是一家中國投資控股公司,主要從事半導體產品的生產和銷售。該公司的主要產品包括用於特殊應用的200mm晶圓上的半導體,電子非易失性存儲器(eNVM)和功率分立器件。它的客戶主要包括集成設備製造商(IDM)和系統以及無晶圓廠公司。公司的主要子公司包括格雷斯半導體製造公司,上海華虹格雷斯半導體製造公司和上海華傑集成電路技術服務有限公司。

 華虹公布,截至今年3月底止,首季純利2031﹒4萬元(美元.下同),按年下跌57﹒2%,按季跌22﹒4%,每股盈利0﹒016元。


期內,銷售收入2﹒03億元,按年下跌8﹒1%,主要由於平均售價下降,按季跌16﹒4%,由於晶圓銷售量下降以及平均售價下降。

毛利為4272﹒2萬元,按年跌39﹒8%;毛利率21﹒1%,按年跌11﹒1個百分點。主要由於平均售價下降,折舊費用上升及產品組合變化;環比下降6.1個百分點,主要由於平均售價下降及產品組合變化。

經營開支7,150萬美元,同比上升125.2%,主要由於無錫工廠的人員開支、研發工程片開支及折舊費用的上升所致,環比基本持平。

 

 

公司發表第二季度指引,預計銷售收入約2﹒2億元,毛利率約在22%至24%之間。

 

短期建議

買入價 : $21.58

目標價 : $25.9

止蝕價 : $20.8

 

註:本人袁鉅文為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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