Domestic substitution + new energy drive CR Micro's power semiconductor revenue to increase by 44% in the first half of the year

On the evening of August 18, China Resources Microelectronics released its 2021 semi-annual report. The report shows that in the first half of 2021, the company achieved operating income of 4.45 billion yuan, an increase of 45.43% over the same period last year; total profit of 1.126 billion yuan, an increase of 143.76% over the same period last year; net profit attributable to the parent company's owners of 1.068 billion yuan, an increase of 164.86% over the same period last year.

Image source: CR Micro 2021 Semi-annual Report

Public information shows that CR Micro is a leading Chinese semiconductor company that mainly operates in the IDM model. It has integrated management capabilities for the entire industry chain, including chip design, wafer manufacturing, packaging and testing, and its products focus on power semiconductors, smart sensors and smart control. Especially in the field of power semiconductors, the performance and technology of many CR Micro products are in the leading position in China. It is one of the few companies in China that can provide a full range of low, medium and high voltage MOSFET products in the range of -100V to 1500V. It is also the main company in China that has the research and development and manufacturing capabilities of all mainstream MOSFET device structures.

In its semi-annual report, Huarun Micro pointed out that due to the tight capacity of wafer manufacturing and packaging and testing, the overall demand for semiconductors in 2021 will grow higher than expected, and the current shortage of semiconductor components may continue. However, the company's performance in the first half of the year benefited from the window period of import substitution, and the power device business group has developed significantly. It has deepened cooperation with leading customers in the application field, promoted market application upgrades, and achieved a year-on-year growth of 44% in sales revenue.

As the core of power conversion and switch control in electronic systems, power devices are expected to play an important role in energy conservation and efficiency improvement in the global "carbon neutrality" process as technology evolves. In the future, the company is also expected to further unleash its development potential in new energy, electric vehicles and other fields.