Firmly control the upstream source of the LED industry

The LED energy-saving lighting segment continues to be one of the biggest hot spots in the market. From the perspective of the disk, Lianchuang Optoelectronics (600363 Quotes, Love Shares, Information) (600363), Snowlight (002076 Quotes, Love Shares, Information) (002076) continued to limit daily. Zhejiang Sunshine (600261 market, love stocks, information) (600261) Changyang closed. Obviously, under the impetus of the main funds, the hot market of the LED energy-saving lighting sector is advancing in depth. In this context, it is particularly important to choose the varieties that are actually benefiting from the LED energy-saving lighting industry chain and have high profit margins. It is understood that LED energy-saving lamps to achieve significant energy savings is a power semiconductor device, China Microelectronics (600360 market, love stocks, information) (600360) has more than 40 years of power semiconductor device design and development, chip processing, packaging and sales Production and operation history. The company's existing 4-inch, 5-inch and 6-inch power semiconductor chip production lines, chip processing capacity of more than 2.2 million pieces per year, packaging capacity of 2.2 billion / year, in addition, through a good joint venture with internationally renowned companies PHILIPS, FAIRCHILD company And cooperation, China Microelectronics (600360) has become one of the largest semiconductor power device manufacturing bases in China, and there are few competitors in China. Obviously, China Microelectronics (600360) has firmly grasped the production and research and development of the most critical and profitable power semiconductor devices in the LED energy-saving lighting industry chain! In sharp contrast to this, the stock is at the bottom of the stock price. Therefore, we believe that under the impetus of the hot energy-saving lighting sector, China Microelectronics (600360) definitely has sufficient reasons for the stock price to rise rapidly!
The government strongly promotes the prospects of the LED industry

As everyone knows, the rapid growth of China's economy is not only a large demand for energy, but also a large unit of energy consumption. This high-energy economic growth will not last. Therefore, in the “Eleventh Five-Year Plan”, the Chinese government proposed a hard indicator that the energy consumption per unit of GDP in 2010 will be reduced by 20% from the end of the “Tenth Five-Year Plan”. Decomposition to five years means that the annual energy consumption per unit of GDP during the 11th Five-Year Plan period has fallen by an average of 4.4%. Subsequently, the National Development and Reform Commission and the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Construction, the State Environmental Protection Administration and other eight ministries and commissions organized the "Eleventh Five-Year" Ten Key Energy-Saving Project Implementation Opinions, and the revision of the "Energy Conservation Law" is also in full swing. At the same time, the Ministry of Construction promulgated the “Outline of the “Eleventh Five-Year Plan” for Urban Green Lighting Projects”, and the proposed targets include hard targets such as 5% of urban lighting power saving in 2005 and 25% of electricity saving from 2006 to 2010.

In this context, Premier Wen Jiabao held several meetings of the State Council to vigorously promote energy-saving work with energy conservation and fuel economy as the core. On the 23rd, Premier Wen Jiabao presided over the State Council executive meeting, especially stressed: "Good lighting and energy saving. Increase the promotion of high-efficiency lighting products, this year and next year, large and medium-sized cities government agencies, urban road lighting, hotels, public places, etc. all eliminated low Lighting products."

Semiconductor lighting represented by LED energy-saving lamps is a newly emerging green light source, which has the advantages of high efficiency, energy saving, long life, maintenance-free, environmental protection and multi-color. Gallium nitride, a third-generation semiconductor material, is used as a semiconductor illumination source. It consumes only 1/8 to 1/10 of the average incandescent lamp at the same brightness, and its lifetime can reach more than 80,000 hours. A semiconductor lamp can be used for more than 50 years under normal conditions.

There are indications that under the strong support of the government, under the urgent need of economic development, the LED energy-saving lighting industry is facing the opportunity of rapid growth, while China Microelectronics (600360), which occupies the high-end field of the upstream source of the industry, naturally looks higher.

Firmly grasp the value of the upstream company in the LED industry is seriously underestimated

Huawei Electronics (600360) has more than 40 years of production and operation history of power semiconductor device design and development, chip processing, packaging and sales. The company's existing 4 inch, 5 inch and 6 inch power semiconductor chip production line, chip processing capacity of more than 2.2 million pieces per year, packaging capacity of 2.2 billion / year. The main products are bipolar power transistors for chassis power supply, color TV line output tubes and power tubes, energy saving lamps, ballasts, bipolar power transistors for transformers, VDMOS field effect power transistors, semiconductor discharge tubes, single/bidirectional Thyristors, Schottky, fast recovery diodes and other products. Products are widely used in various fields such as home appliances, green lighting, computers, automotive electronics, network communications, industrial control. In recent years, through a good joint venture and cooperation with internationally renowned companies PHILIPS and FAIRCHILD, China Microelectronics has become one of the largest semiconductor power device manufacturing bases in China.

The company's leading product power semiconductor device is the key to achieving significant energy savings in LED energy-saving lamps. Power semiconductor devices are mainly silicon controlled rectifiers (SCRs), giant transistors (GTRs), and subsequent gate-off thyristors (GTOs). Their main purpose is to convert the voltage, current, and frequency to the values ​​required by the load, and to make more efficient use of electrical energy.

The wide application of power semiconductor devices can realize the transmission and conversion and optimal control of electric energy, greatly improve industrial production efficiency, product quality and product performance, and greatly save energy and reduce raw material consumption. Therefore, it has become increasingly accelerated. China's energy, communications, transportation and other large-scale and broad-based infrastructure technology transformation and technological progress. For example, in the green lighting project, the use of VDMOS products in energy-saving lamps will improve the performance and life of energy-saving lamps, completely correct the impression that energy-saving lamps leave short life and save energy in people's minds, and apply energy-saving lamps to Thousands of households. The emergence of IGBT and its wide application in air conditioners, UPS power supplies, etc., have greatly improved the efficiency, and the volume has also been greatly reduced. For example, the inverter welder originally required two people to move. After using the IGBT device, the volume is only the size of the bag. The weight is only a few kilograms, and its performance, efficiency and reliability have also been improved.

According to the data, China Microelectronics (600360) will form a chip business based on the company's headquarters in the north and a packaging business based in Wuxi Jihua and Guangzhou Huawei. Jilin Headquarters will enlarge and strengthen the chip industry by taking advantage of the company's original labor, hydropower, technology accumulation and innovation, and will form a "wide-area, long-cycle" chip product based on 4 inches, 5 inches and 6 inches; In the future, the South will form a packaging industry based on Wuxi and Guangzhou, in order to connect international manufacturers to the Yangtze River Delta and the Pearl River Delta industry, especially Guangzhou Huawei, which will introduce international strategic partners for new lighting products and even chips. Cooperation.

The future adjustment strategy of the company's product line has been clearly visible, and 3.2 million pieces/year of chip capacity planning has been completed. Considering that the supply of 3-inch wafers in the market is gradually decreasing, the parent company will realize its transformation to the 4-inch line by 2010, forming a capacity of 20,000 pieces/month of 4-inch line; the foundry production line is currently testing the 5-inch line. The MOS process, the yield and process stability have been basically completed. It is expected that the MOS process will be translated to the 6-inch line around August 2008. After the 6-inch MOS process is completed, the 5-inch line will be fully oscillating. The production of special-purpose diode chips, the current yield of Schottky diode chip in the McGee production line has been stabilized above 95% on average, and will have a production capacity of 600,000 pieces per year in the future.

In addition, based on the strong cooperation between China Microelectronics (600360) and FAIRCHILD in September 2004, the company mainly invested in the establishment of Jilin McGee Semiconductor Co., Ltd. Jilin McGee Semiconductor Co., Ltd. is a company that develops, manufactures, sells and manufactures semiconductor devices as a model, and is committed to the internationalization of the semiconductor product market. Jilin McGee Semiconductor Co., Ltd. has four production lines of four inches, five inches and six inches. The annual production capacity of four inch lines is expected to be 700,000 pieces, the five inch line is 300,000 pieces, and the six inch line is 300,000 pieces. Products produced include: integrated circuit wafer processing, planar MOSFETs, bipolar power transistors and small signal transistors.

Judging from the company's 2007 annual report, the company's operating business income increased by 26.94%, net profit increased by 31.19%, basic earnings per share was 0.67 yuan, dividend plan was 10 shares for every 10 shares, and the performance basically met market expectations. The power devices for energy-saving lamps have grown well, and the profit of Jilin McGee, the foundry business, has grown significantly. The upstream chip processing capacity has been greatly improved, which has stabilized the company's gross profit margin. The newly completed directional issuance project is invested in the production of high-end power devices and will be completed in the second half of 2008, which will promote the company's performance growth after the second half of 2009.

There are indications that Huawei Electronics (600360) has firmly mastered the production and research and development of the most critical and profitable power semiconductor devices in the LED energy-saving lighting industry chain! In sharp contrast to this, the stock is at the bottom of the stock price. Therefore, we believe that under the impetus of the hot energy-saving lighting sector, China Microelectronics (600360) definitely has sufficient reasons for the stock price to rise rapidly!

OBD2 Vehicle GPS Tracker

OBD2 GPS Tracker,OBD2 Tracker,OBD2 Tracker Device

OBD2 Vehicle GPS Tracker,GPS Vehicle Tracker,GPS Motorcycle Tracker Co., Ltd. , http://www.cn-gpstracker.com