Nuo'an Growth Fund Cai Songsong's radio frequency leader Zhuo Shengwei, Shareholders: Believe in Manager Cai

On September 14th, 5G RF leader Zhuo Shengwei announced that the Nuoan Growth Hybrid Fund passed a centralized bidding transaction on September 8 to increase its shareholding of 519,500 shares. In the past six months, Noon has increased its sixth time to increase its holdings. Its shareholding ratio has touched the license line, reaching 5.0065%, becoming Zhuo Shengwei's sixth largest shareholder.

It is worth noting that in the past six months, Zhuosheng Wei's stock price has fallen all the way, so far it has fallen by 32.19%, and the market value has evaporated over 25.5 billion yuan.

The continuous buying of Noon has brought confidence to many investors. Some people in the stock bar said: "I believe Manager Cai! Manager Cai was born in a chip, and he would never invest 500 million into a promising listed company."

On September 14, Zhuo Shengwei's stock price rose 5.84%to 100.65 yuan/share, with a total market value of 57.321 billion yuan.

On February 20, 2019, Cai Songsong became the fund manager of Noon's growth and began to heavy position chips and semiconductors.

This investment preference may be related to its previous experience. Cai Songsong is a PhD in China University of Science and Technology. He has served as the Institute of Computing Technology of the Chinese Academy of Sciences, Tianjin Feiteng Information Technology Co., Ltd., and Huatai Securities Co., Ltd.. Since November 2017, it has joined Nuo An Fund Management Co., Ltd.

He pursued "industrial trend investment", and once said that "in order to obtain the dividend of industrial development, he needs to accompany the highest quality core company for a long time."

Also in 2019, Zhuo Shengyi landed on the GEM on June 18. Since then, every reporting period of Zhuo Shengwei has appeared in the top ten heavy warehouses that have grown in Noon so far, and has never been absent.

According to the performance report of Zhuo Shengwei in the middle of 2020, Noon's growth is already the fifth largest shareholder of Zhuo Shengwei and the largest public fund shareholder. The shareholding ratio is 4.6%, which has approached the license line.

Cai Songsong's preference for Zhuo Shengwei is undoubtedly related to the latter's business layout.

As a domestic radio frequency chip leader, Zhuo Shengwei's main products are divided into radio frequency front -end differential devices, various radio frequency modules, etc., which can be applied to various mobile smart terminal products.

RF chips are closely related to the function of receiving and transmitting information. On the motherboard of a mobile phone, 1/3 of the space is used for radio frequency circuits. At present, the US -Japanese manufacturers have monopolized the global radio frequency devices, and Zhuo Shengwei is one of the players who are most hoped to achieve localization of radio frequency devices.

Taking the most value -based radio frequency dividing device filter as an example, the filter is responsible for the radio frequency signal filtering of the sending and receiving channel, and outputs the signal of a specific frequency in the input of a variety of RF signals. In the existing RF front -end system, SAW and BAW filters are usually used in combination to implement signal filtering together.

According to the Yole Development survey, US companies Qorvo and Broadcom have occupied more than 90%of the BAW filter markets in the world for a long time; Japanese companies Murata, TDK, and Sun temptation have occupied more than 80%of the world's SAW filter market share. In terms of nationalized 5G filters, the domestic market is still blank.

At present, Zhuo Shengwei is overcome the SAW filter.

According to Zhuo Shengwei Half -annual report, as of the end of the reporting period, the filter product of the company's self -built production line has included SAW filters, high -performance filters, dual -instruments and four equipment.

Among them, Zhuosheng Micro SAW filter has been produced in small quantities during the reporting period and will enter a large mass production stage in the third quarter; high -performance filters have entered a small batch production stage during the reporting period, and they are about to enter a large production stage.

The semi -annual report wrote that the construction of the process research and development platform of Zhuosheng microfiltrator will be completed in the third quarter, and will continue to optimize the evolution in the future; the dual -device and the four -instrument have been carried out in the wafer flow, and the preliminary verification results have reached the design index of design indicators. ; It is expected that in the second half of the year, the company will gradually adopt self -produced filters in module products such as DIFEM, and it will actively promote the marketing filter products to the market.

(Author | Dong Wenshu, city industry, editor | Langming)

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