Since 2020, the global semiconductor industry has entered a downward cycle due to the weakening demand for consumer electronics influenced by multiple factors. Under the cold winter, the performance of most industrial chain companies has declined significantly.

Come this year, although market investors are looking forward to the industry inflection point, but unfortunately from the performance of the report, the industry chain is still not good.

Performance differentiation is obvious

According to Dongcai Choice data statistics, according to the shenwan industry classification, semiconductor industry, a total of 144 listed companies. In the first half of this year, 144 semiconductor listed companies realized revenue of 219.982 billion yuan, down 7.42% compared with the same period last year; total net profit of 15.115 billion yuan, a year-on-year decline of 60.76%.

Specifically, the first half of the revenue scale of the top semiconductor companies in addition to just listed in the Huahong company, the other basic are familiar faces. Ranked in the top ten are: Wentai technology, SMIC, long electric technology, rich microelectronics, Weir shares, Hua Hong company, the north of Huachuang, research new material, Huatian science and technology and China Resources micro.


It is worth noting that among the top ten semiconductor companies in terms of revenue, only Wintech, TOMS, CCTV and Northern Huachuang realized year-on-year revenue growth. In addition to the North Hualong, the other three listed companies growth rate of about 10%.

Net profit, the first half of the top ten semiconductor companies are: SMIC, Northern Huachuang, ZiGuang State Micro, Wintech, Hua Hong, China Micro, Hai Guang Information, China Resources Micro, Changdian Technology and Fudan Microelectronics.

In addition, there are 42 semiconductor companies in the first half of the performance loss. These include Cambium-U, Baiwei storage, etc., which benefited from the AI explosion and stock price soaring, in addition to some well-known semiconductor giants, such as TONFU Microelectronics, Huitian Technology, Silan Micro is also similarly faced with the problem of performance losses.


Net profit growth rate, ranked in the top ten semiconductor companies in six semiconductor equipment manufacturers and basically doubled up. It is not difficult to see, in the industry as a whole at the time of downturn, semiconductor equipment link still shows a unique high degree of prosperity.

At the same time, more semiconductor companies failed to get rid of the cycle. According to statistics, there are 108 semiconductor listed companies in the first half of the net profit year-on-year decline, accounting for about 75%. Among them, the net profit year-on-year decline of more than 60% of enterprises, such as Tongfu Microelectronics, Huitian Technology, Weir shares, the holy state shares, Sai Microelectronics, Zhaoyi innovation.

Overall, the semiconductor industry chain performance differentiation can be quite obvious.

R & D investment continues to increase

As we all know, the semiconductor is a cycle industry, and similar to the pharmaceutical industry, higher requirements for R & D investment. Although the semiconductor is currently in a downward cycle, and even a lot of business performance are losses, but the R & D investment in this piece still continue to raise the code.

Overall, most companies continued to increase R & D investment in the first half of this year. According to statistics, in the first half of this year, 144 semiconductor listed companies R & D expenses totaled about 27.751 billion yuan, an increase of 14.5%, an average of 193 million yuan per company R & D investment.

Among them, 117 R & D expenses over the same period last year to achieve different degrees of growth, accounting for more than 80%. Among them, 49 growth rate of more than 30%, 5 doubled. 62 companies during the period of R & D expenditure of more than 100 million yuan, Semiconductor Manufacturing International and Wintech two first-half R & D expenditure of more than 1 billion.

The top ten companies in the first half of the R & D investment are: SMIC, Wintech, Weir, North Hualong, Haikuang Information, ZiGuang State Micro, Huahong, ChangDian Science and Technology, Semiconductor Manufacturing International Corporation, and TongFu Microelectronics.


In addition, 33 companies accounted for more than 30% of R&D revenue.