On November 11, Zhejiang Enterprise Jiangfeng Electronics (300666.SZ) rose over 18%of the market.
In the first three quarters of 2024, Jiangfeng Electronicss performance has improved significantly, and the company has gradually realized the production equipment independent controllable and domestic production line;At the same time, the parts and component markets are deployed horizontally to actively create a second growth curve.Jiangfeng Electronics, which continues to be good, has attracted more and more attention from the capital market.
In the third quarter of the third quarter performance high
Technical research and development and breakthroughs, Jiangfeng Electronicss ultra -high -pure metal sputtering targets have strong competitiveness in the semiconductor field with the highest technical threshold, and the companys products are all -round covered with advanced processes, mature processes and characteristic technologies.
With strong technical advantages, advanced manufacturing capabilities, stable product quality, and complete sales and service system, Jiangfeng Electronics has now become the worlds leading semiconductor sputtering target materialManufacturers are the core suppliers of TSMC, , SK Hynix and other world-renowned chip manufacturers.
Since the beginning of this year, Jiangfeng Electronics has continued to strengthen the competitiveness of the apex process products and strives to expand the global market share. The domestic and foreign customers have continued to increase.Expand the product line, and a large number of new products complete the technical research.
In the first three quarters of 2024, Jiangfeng Electronics achieved revenue of 2.625 billion yuan, an increase of 41.77%year -on -year; net profit attributable to 287 million yuan, an increase of 48.51%year -on -year.Among them, the revenue achieved revenue of 998 million yuan in the third quarter, an increase of 52.48%year -on -year; the net profit of home mother was 126 million yuan, an increase of 213.13%year -on -year.Both revenue and net profit in the single quarter reached a record high, and the performance was very eye -catching.
Lanfu Finance Network noticed that Jiangfeng Electronicss operating income has maintained steadily in recent years.In comparison, Jiangfeng Electronics has passed the domestic wafer production line because of its high -end market positioning.
A target extends to the ultra-high-pure field
In recent yearsIn the coming, Jiangfeng Electronics continued to strengthen the competitiveness of the podium process products, and gradually realized the autonomous controllable and controlled production of production equipment and the localization of the production line.It can accurately control the quality requirements of high -purity sputtering targets, thereby meeting the requirements for sputtering the sputtering of different client platforms around the world.
Among the domestic target companies, Jiangfeng Electronicss various material targets have been fully mass-produced at 28-7NM technology nodes, and some target products have also been at 5nm technology nodes.Implement mass production.After years of development, Jiangfeng Electronics has become the leader of the domestic high -purity sputtering target industry, and can compete with companies such as the United States, Japan and other companies worldwide, and has successively entered the supply system of well -known domestic and foreign manufacturers.High -quality customer resources.
Compared with domestic target companies in China, the revenue scale and product technology of Jiangfeng electronic target products are much higher than that of other companies in the same industry.
It is understood that high -pure metal sputter targets are one of the key materials required for production in the fields of semiconductor, flat display, solar cells and other fields, and have high value -added functional materials.Among them, the semiconductor field is mainly sputtering in metal materials, which is mainly used to manufacture the metal interconnect layer, metal contact layer, and diffusion blocking layer of integrated circuits. The highest technical standards are required to reach 6N levels (greater than equal to 99.9999%).Metal targets and ceramic targets are commonly used in flat display and photovoltaic fields. The purity requirements are relatively lower than that of semiconductor grade, reaching 4N levels.
Jiangfeng Electronicss products in the field of ultra -high pure targets have been continuously improved, including ultra -high pure aluminum targets, ultra -high pure titanium targets and ring parts, ultra -high pure 钽 钽Targets and ring parts and ultra -high pure copper targets and ring parts, tungsten titanium targets, nickel targets and tungsten targets.The companys aluminum targets produced in the integrated circuit chip, flat plate display, solar cells and other fields; titanium targets and titanium rings are used in the field of integrated circuit chips;Film material has high requirements for production technology. At present, only Jiangfeng Electronics has the technology; copper and copper alloy are usually used in chips of 90-3nm technology nodes as conductive layers. Among them, the core technology of copper and manganese alloy target materialsGlobal control.
It can be seen that Jiangfeng Electronicss operating ideas are relatively clear.The rise of production capacity and process, the company began to expand the capacity of the ultra -high -pure metal sputter target of high -value -added ultra -large -scale integrated circuits.On the basis of having a certain market share, Jiangfeng Electronics continues to strengthen the layout of the metal purity link to further enhance the added value of the units unit.
Create the second growth curve
It is worth mentioning that Jiangfeng Electronics Expansion semiconductor precision zero zero zeroThe component market actively builds the second growth curve.
The business of semiconductor precision components is closely related to the semiconductor target business. The two are similar in terms of material structure, machine processing, surface treatment and welding.
Jiangfeng Electronics is based on the deep accumulation of semiconductor targets, seizing the chip manufacturing line, equipment domestic substitution, and controlling development opportunities, and the domestic semiconductor equipment leader northern China Creation, China Creation, China, and the leader of the leader of the domestic semiconductor equipment.Many manufacturers such as Tuojing Technology and Shanghai Microelectronics have jointly expanded to the business of semiconductor parts.
At present, Jiangfeng Electronics has been established in Ningbo Yuyao, Shanghai Fengxian, and Shenyang Shenbei production base.The production system of the entire process and full process of workshops has established a professional team to achieve mass production of multiple varieties, large quantities, and high -quality components, and fills the capacity gap of the domestic parts and component industries.
In the first half of 2024, Jiangfeng Electronicss precision component business realized revenue of 399 million yuan, a significant increase of 96.14%year -on -year.The gross profit margin reached 34.64%, an increase of 3.21 percentage points compared to the same period last year.
The fundamentals have continued to facing good Jiangfeng Electronics, which has also attracted the attention of the capital market recently.Since the end of September, Jiangfeng Electronics has risen.On the morning of November 11, Jiangfeng Electronics rose over 18%, and the stock price performed strongly.As of press time, Jiangfeng Electronics rose more than 12%to 84.30 yuan/share.
