Jiwei Index fell 1.58%; Wingtech Technology's net profit in 2020 is expected to increase by 123%

The three major A-share indices fluctuated widely today and eventually closed down collectively. The Shanghai Composite Index fell 0.63%, falling below the 3,500-point mark and closing at 3,483.07 points; the Shenzhen Component Index fell 0.61% to 14,821.99 points; the ChiNext Index fell 1.04% to 3,128.86 points, with a cumulative decline of 6.83% this week. The two markets had a total turnover of 952.2 billion yuan, with industry sectors showing a general decline, and the civil aviation airport sector rising against the market. Northbound funds bought a net 2.533 billion yuan today.

The semiconductor sector performed poorly. Jiwei.com selected 118 semiconductor companies from the fields of electronic components, materials, equipment, design, manufacturing, IDM, packaging and testing, and distribution for statistics. Among the 118 semiconductor companies, 29 companies saw an increase in market value, among which Neusoft Carrier, Jiejie Microelectronics, and Orbit ranked first; 89 companies saw a decrease in market value, among which Fuman Electronics, Shengbang Shares, and Datang Telecom ranked first in decline.

Northeast Securities analyzed that before the Spring Festival, the market may fall into a stage of repeated capital game, some people leaving and some people entering. Considering the sharp decline of the short-term index, it is expected that the market may rebound in the short term like the overnight foreign market, but the consolidation before the holiday is the general pattern, and more attention should be paid to the optimization of the configuration structure. It is more reasonable to play the oversold small and medium-sized stocks after the loosening of the group stocks, which may be an important direction in the second half of the spring market.

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In the U.S. stock market, the Dow Jones Industrial Average rose slightly by 300.19 points, or 0.99%, to 30,603.36 points. The Nasdaq Composite Index rose slightly by 66.56 points, or 0.50%, to 13,337.16 points. None rose slightly by 36.61 points, or 0.98%, to 3,787.38 points.

Among the large Chinese stocks listed in the US, Alibaba rose 0.29%, Baidu rose 3.24%, NetEase fell 1.55%, Pinduoduo rose 1.84%, Weibo fell 6.69%, iQiyi rose 0.60%, TAL Education fell 4.12%, and New Oriental fell 1.75%.

The Philadelphia Semiconductor Index rose 59.99 points, or 2.09%, to 2,935.12. Among the large U.S. technology stocks FAANG, Facebook fell 2.62%, Apple fell 3.50%, Amazon rose 0.16%, Google A rose 1.88%, and Netflix rose 2.93%.

In terms of European stock markets, the UK FTSE 100 index fell slightly by 0.63% to 6526 points, the French CAC40 index rose slightly by 0.93% to 5511 points, and the German DAX index rose slightly by 0.33% to 13665 points.

In the Asia-Pacific region, as of today's close, the Hang Seng Index fell 0.94%; the Nikkei fell 1.89%; and the South Korean Composite Index fell 3.03%.

Stock News/A Shares

Kosen Technology - On January 29, Kosen Technology released its 2020 annual performance forecast. It is expected that the net profit attributable to shareholders of the listed company in 2020 will be between -48 million yuan and -24 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses will be between -65 million yuan and -41 million yuan.

Wingtech Technology - On January 29, Wingtech Technology announced that it expects to achieve a net profit of 2.4 billion to 2.8 billion yuan attributable to shareholders of listed companies in 2020, an increase of 91.45% to 123.36% year-on-year, and a net profit of 1.254 billion yuan in the same period last year. Wingtech Technology said that benefiting from the international layout of the company's communications business to optimize the customer structure, shipments to domestic and international first-tier brand customers achieved strong growth in 2020.

Changxin Technology - Net profit in 2020 reached 1.05 billion yuan. On January 29, Changxin Technology released a performance forecast stating that the company's net profit attributable to shareholders of listed companies was 900 million yuan to 1.05 billion yuan, a year-on-year increase of 6.45% to 24.20%, and the profit in the same period last year was 845 million yuan. Changxin Technology stated that during the reporting period, the company actively responded to the rapid increase in orders for medium and large-sized NBs and PADs from domestic and foreign electronic customer groups represented by North American consumer electronics giants. The thinning capacity continued to bear great pressure. At present, the new production line is being built rapidly, and new thinning capacity will continue to be invested in the near future.

Stock News/Other

AMD - "chip shortage" has become one of the key words in the integrated circuit industry, and AMD is also facing a chip supply shortage. AMD CEO Lisa Su said that the company's overall demand in 2020 exceeded expectations, and it faced some chip supply restrictions by the end of 2020. It is expected that CPUs will continue to be in short supply in the first half of this year.

Largan Precision - The second trial result of Largan Precision's case against Xianjin Optical for infringement of trade secrets has been released. The first trial judgment is still upheld for civil compensation, that is, Xianjin Optical needs to compensate Largan Precision NT$1.522 billion (the same unit below). The case can be traced back to 2012. Largan Precision filed criminal and civil lawsuits against Xianjin Optical and other co-defendants for infringement of copyrights and trade secrets in 2012 and the following year, seeking compensation of up to NT$14 billion.

Samsung Electronics - On the one hand, the demand for consumer electronics such as TVs and laptops has increased significantly, while on the other hand, car factories have reduced production and stopped production. The domino effect caused by chip shortages is gradually expanding. Samsung Electronics recently warned that the global chip shortage has hit automakers, and the delivery of smartphone chip orders may be affected as wafer factories are eager to deal with the crisis.

Jiwei.com has launched the Jiwei Semiconductor Industry Index!

Jiwei Semiconductor Industry Index, referred to as Jiwei Index, is a stock index launched by Jiwei.com to reflect the overview and operating status of the semiconductor industry in the securities market, and to help investors track the development of the semiconductor industry and use investment tools.

Jiwei.com observed and counted the overall performance of China's "core" listed companies in the A-share market over the past period of time, and referred to the company's total assets and revenue scale. It selected 30 companies from the sample library of 118 Jiwei.com semiconductor companies as components of the Jiwei Index.

The sample library covers all aspects of the semiconductor field, including electronic components, materials, equipment, design, manufacturing, IDM, packaging and testing, and distribution.

As of today's closing, the Jiwei Index closed at 4767.63 points, down 76.42 points, or 1.58%.