Straight at the shareholders' meeting 丨 Well shares: the worst time to practice "internal skills", and constantly expand the product types

Shanghai is gradually "recovering", and listed companies in Shanghai have also held an annual shareholders meeting at the scene.

On the afternoon of June 27, the chip giant Weir (SH603501, the stock price of 165.20 yuan, and a market value of 144.9 billion yuan) held a 2021 shareholders meeting in Shanghai. Although Shanghai only walked out of the epidemic, 17 shareholders and shareholders commissioned agents to participate in the shareholders' meeting on the spot.

In the first half of 2022, the external environment was complex and changing. Russia and Ukraine conflict, the United States inflation, and the protectionist trend of protectionism in some areas have risen. In addition, domestic mobile phone sales have also fallen sharply. The inventory of major mobile phone manufacturers has the backlog of chip suppliers. As a leading domestic CIS sensor company, how should Well's shares deal with?

Source of Well shares: take by reporter Zhu Chengxiang every time

Where is the new wind?

Faced with the complex and changeable external environment, Wang Song, general manager of Weir Co., Ltd., said in the company's annual shareholders' meeting in the company that I believe that only as much as possible to increase the diversification of the business, and then operate it more finely, through the three main lines -sensors, sensors , Display drivers and simulation, increase the high degree of synergy in IP, supply chain, and customer business. In a word, we adopt a highly collaborative multi -track strategy to consolidate the basic disk and lock the new air outlet.

Wang Song said that about basic disks, at present, due to various reasons, consumer electronics encountered a major blow. "I still hope that the more you are in the pain, the more you need to practice the basic skills and enhance the competitiveness. We think the worst time and the best (opportunity). We urgently need to practice 'internal skills' and concentrate on the consequences of buried their heads on their heads. Work in front of you. "

Jia Yuan, the financial director of Weir Co., Ltd., said that whether the market is good or not, there are two points to grasp. One is the company's related products in terms of process technology, and the company has done a good job now; and the company has now caught up one after another on the product with Sony. I mentioned 766 (Sony IMX766) before, and the company's product was changed after the test. After the test, the performance exceeded 766.

Consolidate the basic disk and lock the new air outlet. So, where is the new air outlet? The answer is car electronics. In Wang Song's opinion, it is undoubted that car electronics are the air outlet. Why is there such a big growth? The first is the increasing rate of installation; the second is the increase in usage, from a single change to 4, and then upgraded to 4+4+3.

Why do you raise a card? Beijing Junzheng?

In the Q & A session, the reporter of "Daily Economic News" took the lead in asking questions. For some time ago, Beijing Junzheng (SZ300223, the stock price of 95.36 yuan, and a market value of 45.923 billion yuan). Intersection

In this regard, Jia Yuan, the financial director of Well's shares, said that the card itself is a financial investment. "We also said just now that 'reelection is ready to go, there is no advance', continue to expand our product line types. Because we are the entire industry companies, except for mobile phones (CIS) we are the third (global), other such as security, cars, and cars, cars, and cars, cars, cars, Medical (camera sensor), we are all the positions of global NO.1. "

"We hope to have more opportunities for horizontal expansion in the future. With such an ideal and beautiful wish, we step by step. We hope to see more cooperation, more linkage, or in terms of product business Expansion, "Jia Yuan said.

At the shareholders' meeting, Jia Yuan briefly introduced the market situation of major chip products. It said that the largest output value is the CPU; the second is storage. The first two categories are the market level of 100 billion U.S. dollars, and the third largest category and the first two categories are large. The market size of the CMOS sensor is about $ 20 billion; the fourth category of Well shares are already doing, that is, the prerequisite, that is, the prerequisites The display driver to the arrival. According to the original evaluation, this market should also be close to 10 billion US dollars.

Jia Yuan added that in fact, the scale of the simulation market is also very large, but the simulation products are relatively fragmented, and there are many product lines, and the market size of each industry is not too large. For example, Well's TVS chip (transient diode), about one billion US dollars in the global market, has accounted for nearly 50%of its domestic market, is the scale of $ 10 million.

In addition, the market size of the simulated PMIC (power management chip) product market is about 20 billion US dollars, but it is more fragmented. DCDC (DC conversion DC), LDO (low voltage differential stabilizer), each product falls to the market, it is all, all of which It needs to be polished for a long time, including signal chain chip.

Therefore, Well's stock is still guided by the products of the track, such as MCU. Its summary states: "We look at investment (project), the first is the horizontal expansion of the product; the second is the size of the track; the third is whether we have synergy in terms of technical extension. For example, we must not match the world with storage now. And through strategic investment, integration, and cooperation, maybe we can consider some in the future. In fact, we also know that we and Beijing Junzheng jointly jointly jointly (referring to Shanghai Xinkai Integrated Circuit Co., Ltd.), mainly to make some NOR FLASH products. "

At the site of the shareholders' meeting, another shareholder also asked questions that Weir shares invested in Beijing Junzheng and also invested in many private equity funds. What kind of consideration is it?

Jia Yuan said that this also hopes to form a strong effect.On the one hand, listed companies should strive for greater performance returns; secondly, through investment in professional industrial chain merchants, Well's shares have also obtained a large and strong product information information. How to develop various products, the company is very clear.Third, in the device solution, the company will also have strong collaboration.In turn, it promoted the expansion and development of Well's "3+1" strategy.Daily Economic News

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