In the A-share semiconductor sector, there are only 26 companies that achieved high-quality growth in their Q3 reports. I have reviewed all semiconductor stocks and found that only 26 companies had a revenue growth rate greater than 20%, a net profit growth rate greater than 30%, and a net profit exceeding 100 million.
Among them, Yuanjie Technology saw a profit increase of 193 times in Q3, Zhenlei Technology increased by 6 times, and Cambricon, SiFive, and Weicai Technology all had net profit growth exceeding 2 times. Most of these high-growth companies are chip design stocks.
In the semiconductor equipment sector, three companies showed high growth: Jinhaitong, Tuojing Technology, and Shengmei Shanghai. Jinhaitong specializes in packaging and testing equipment, Tuojing Technology focuses on thin-film deposition equipment, and Shengmei Shanghai provides cleaning equipment, all of which have high revenue and profit growth.
In the entire semiconductor industry chain, the upstream performance is relatively poor, especially in silicon wafers, with companies like Hu Silicon Industry and Liang Micro experiencing declines.
This differentiation is mainly due to three reasons. The first is that this wave of semiconductors primarily benefits from AI, so AI-related chip stocks have seen more significant performance growth, such as Cambricon. The second reason is that the previous semiconductor downturn cycle led to substantial performance declines, and now we are seeing high growth from a low base, as seen with Yuanjie Technology. The third reason is the strong competitive strength of companies that can withstand cycles, such as Tuojing Technology and Shengmei Shanghai. This corresponds to three investment methodologies: favorable sectors, turnaround situations, and selecting monopolistic stocks with high certainty.
The specific high-growth semiconductor stocks’ performance is as follows:
Yuanjie Technology: Revenue increased by 115% to 380 million, profit increased by 19,349% to 110 million.
Zhenlei Technology: Revenue increased by 66% to 300 million, profit increased by 598% to 100 million.
Cambricon: Revenue increased by 2,386% to 4.61 billion, profit increased by 321% to 1.61 billion.
SiFive: Revenue increased by 80% to 1.53 billion, profit increased by 228% to 130 million.
Weicai Technology: Revenue increased by 46% to 1.08 billion, profit increased by 227% to 200 million.
Jinhaitong: Revenue increased by 88% to 480 million, profit increased by 178% to 130 million.
Sitech: Revenue increased by 50% to 6.32 billion, profit increased by 156% to 700 million.
Changchuan Technology: Revenue increased by 49% to 3.78 billion, profit increased by 142% to 870 million.
Xinpeng Micro: Revenue increased by 24% to 850 million, profit increased by 130% to 180 million.
Zhixiang Micro: Revenue increased by 46% to 3.14 billion, profit increased by 121% to 780 million.
Tailin Micro: Revenue increased by 30% to 770 million, profit increased by 117% to 140 million.
Juxin Technology: Revenue increased by 55% to 720 million, profit increased by 114% to 150 million.
Tuojing Technology: Revenue increased by 85% to 4.22 billion, profit increased by 105% to 560 million.
Allwinner Technology: Revenue increased by 28% to 2.16 billion, profit increased by 84% to 280 million.
Huafeng Measurement and Control: Revenue increased by 51% to 940 million, profit increased by 82% to 390 million.
Xindong Lian Technology: Revenue increased by 48% to 400 million, profit increased by 73% to 240 million.
Shengmei Shanghai: Revenue increased by 29% to 5.15 billion, profit increased by 67% to 1.27 billion.
Lanqi Technology: Revenue increased by 57% to 4.05 billion, profit increased by 67% to 1.63 billion.
Jucheng Co., Ltd.: Revenue increased by 21% to 930 million, profit increased by 51% to 320 million.
Lexin Technology: Revenue increased by 31% to 1.91 billion, profit increased by 50% to 380 million.
Jingfang Technology: Revenue increased by 28% to 1.07 billion, profit increased by 48% to 270 million.
Yangjie Technology: Revenue increased by 21% to 5.35 billion, profit increased by 46% to 970 million.
Luvi Optoelectronics: Revenue increased by 37% to 830 million, profit increased by 42% to 170 million.
Jiangfeng Electronics: Revenue increased by 25% to 3.23 billion, profit increased by 40% to 400 million.
Zhongwei Company: Revenue increased by 46% to 8.06 billion, profit increased by 33% to 1.21 billion.
Zhiyuan Innovation: Revenue increased by 21% to 6.83 billion, profit increased by 30% to 1.08 billion.
