The domestic storage track welcomes the opportunity.
On the evening of March 31, the China Cyberspace Administration issued an announcement that in order to ensure the security of the critical information infrastructure supply chain, prevent network security risks caused by hidden dangers of product problems, and maintain national security, in accordance with the National Security Law of the People's Republic of China and the Cybersecurity Law of the People's Republic of China, the Cybersecurity Review Office conducted a cybersecurity review of Micron's products sold in China in accordance with the Cybersecurity Review Measures.
Micron is the leader in the memory chip industry in the United States. According to its FY2022 annual report, Micron's revenue in Chinese mainland was US$3.311 billion, an increase of 34.8% year-on-year, accounting for 10.76% of its total revenue of US$30.758 billion in the fiscal year; But Micron's total long-term assets in Chinese mainland are only $444 million, accounting for 1.1% of its total global long-term assets.
Micron said in a statement that it was communicating with the Cyberspace Administration of China about the investigation and was "fully cooperating."
It is worth noting that the current consumer electronics market continues to be weak, and the memory chip market is in a state of oversupply and continuous price decline. The launch of the Micron review at this time will not cause chaos or shortages in the memory chip supply chain, but may help the market bottom out.
Essence Securities believes that the "AI + storage + Micron incident" resonates, and the domestic storage track welcomes a good opportunity. Zheshang Securities also said that the structure of the storage industry cluster has been upgraded, and localization has accelerated under the background of security. The industrial cycle is expected to bottom out, and the demand for AI computing power drives the medium and long-term space.
According to Zheshang Securities, 12 listed companies in the storage industry are worth paying attention to. From the performance point of view, the net profit of most storage stocks in 2022 fell year-on-year. The net profit of Juchen and Montage Technology increased year-on-year, with a range of 228.04% and 56.71% respectively. The former SPD products, automotive-grade EEPROM products and other high value-added products were supplied in large quantities during the reporting period, which led to a significant increase in profitability; The latter benefited from the iterative upgrade and growth dividend of the memory module market from DDR4 to DDR5, and achieved substantial growth in business performance.
The number of 14 shareholders in the current period fell by more than 5%
According to the statistics of Securities Times and Databao, as of April 2, among the listed companies that have announced the number of shareholders in the latest period, a total of 14 shareholders fell by more than 5% month-on-month. Among them, there are 4 companies in the pharmaceutical and biological sectors, and two companies in the electric power equipment, agriculture, forestry, animal husbandry and fishery, and automobile sectors.
The number of shareholders of listed pharmaceutical and biological companies fell first month-on-month, of which the decline in Shanwaishan was as high as 69.28%; The decline of Angricon approached 30%; OPCOM and Darentang decreased by 8.65% and 6.63% respectively. In other sectors, the number of shareholders of Jinfeng Liquor, Andley, Anhui Heli and Shangwei fell by more than 10%.
OPCOM disclosed its 2022 annual report on April 1. The company achieved a net profit of 624 million yuan, a year-on-year increase of 12.44%. OPCOM said that the main reason for the increase in performance is that the demand for orthokeratology lenses, the company's core product, is still in an upward channel. Extending the timeline, the company's net profit has continued to grow in the past decade, and the latest value has doubled compared with 2019.
OPCOM is the first listed optometry high-tech enterprise in China, the main business is the production and sales of rigid contact lens products such as orthokeratology lenses and supporting care products, and gradually develops into "comprehensive optometry product R & D and manufacturing and professional optometry service enterprises". Guojin Securities is optimistic about the company's development strategy of downstream layout of dealers and optical terminals, and expects that the optometry center with strong profitability will become an important profit growth point for the company in the future.
Generally speaking, the concentration of chips represents a decrease in the number of shareholders and the concentration of holding power, which is conducive to the rise of individual stock prices. According to data treasure statistics, since March 21, the average increase of the above 14 stocks has been 3.04%, and Xinquan and Darentang have risen by 14.2% and 12.26% respectively; Chuang International, Jinfeng Liquor Industry, OPCOM and others rose more than 4%.
In terms of performance, Shanwaishan's net profit increased the most, with a year-on-year increase of 204.2%; The net profit of Jingsheng Electromechanical and Xinquan Co., Ltd. increased by more than 60% year-on-year; Shangwei and Jinfeng Wines successfully turned around. In terms of institutional attention, Jingsheng Electromechanical, OPCOM, Xinquan, Darentang and Anhui jointly won the top five, with 19, 14, 12, 12 and 9 participating institutions.
