Perspective A shares China core: how much do these 70 listed companies spend on R & D?

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 Perspective A shares China core: how much do these 70 listed companies spend on R & D?


Continued increase in input The manufacture of China core started late, but is trying to get out of the chip dependent import dilemma. According to Wind statistics, there are 70 listed companies in the two concept unit of integrated circuit and chip. The total R & D cost in 2017 was 28 billion 747 million yuan, which was 18.8% compared to 24 billion 197 million yuan in 2016, showing the trend of further development. From the scale of R & D investment, ZTE has the highest R & D cost of 12 billion 962 million yuan, and is the only A chip company to invest in the scale of more than 10 billion chips. Purple shares and nasdah ranked second and third respectively at 3 billion 49 million yuan and 1 billion 641 million yuan. Another 28 listed companies invested hundreds of millions of dollars in research and development in 2017, accounting for 44.29% of the total three. But after ZTE was eliminated, the average R & D investment of the remaining companies was only 229 million yuan, still at a low level. Compared with foreign countries, it is understood that in 2017, Intels R & D expenditure reached 13 billion 98 million in the world, and 3 billion 450 million in Qualcomm ranked second. In the index of R & D expenditure accounting for the proportion of revenue (R & D intensity), hight R & D has the highest intensity, reaching 58.25%. From the performance of the company for 2015-2017 years, less than 20% in previous years, reflecting the companys greater input in 2017. In the second place, the intensity of R & D of four-dimensional graphics is 42.36%; in fact, the companys R & D strength has been above 40% since 2015. Similarly, there are 8 listed companies, with a strength of over 20% in three consecutive years. From the average level, the R & D investment of the 70 chip industry listed companies accounted for 9.17% of the total revenue. At present, Chinas chip industry is still in the early stage, the technology is not mature or at the middle and low level, and the R & D investment is certainly increasing, but on the other hand, from the point of view of capital, this is a high investment, high risk industry, and the capital power is insufficient, so the R & D investment is small and strong compared with the international enterprises. The situation is weak. A partner of a medium-sized private equity fund in Shanghai explained to reporters in twenty-first Century on 2 May. Because the domestic chip industry is in the beginning stage, the development space is huge, especially the enterprise which is not countered with the foreign leader, but it needs strong R & D strength to support, many enterprises have been in force. Chip industry is everywhere, most of the enterprises are small in scale and weak in strength, and there are not many enterprises competing with the worlds leading companies in the attitude of the national team. The former Shanghai private fund said. Take Hui Ding technology as an example, the company is the leading enterprise in fingerprint identification, and is a number of domestic mobile phone suppliers such as HUAWEI and VIVO. In May 2nd, the company said that the Samsung mobile GalaxyJ7Duo, which uses the top technology single chip fingerprint identification solution GW32J1, was successfully produced in India and was on the market. This means that the top technology fingerprint identification solution will enter the supply chain of Samsung. Although R & D spending is not the largest in the chip industry, the R & D level of R & D continues to increase. According to the annual report of 2017, the companys R & D costs were 82 million 208 thousand and 800 yuan, 160 million yuan, 308 million yuan and 597 million yuan respectively in 2014-2017 years, and the R & D cost in 2017 was up to 93.73%, especially in the year on year. But this also led to a smaller increase in net profit in 2017. It is understood that the net profit attributable to shareholders in 2017 is 871 million yuan, up 2.27% over the same period last year. In twenty-first Century, when economic reporter took part in the conference in April 27th, Zhang Fan, chairman of the company, said, the profit of the company has been put into the construction of the new growth foundation. Meanwhile, the proportion of R & D investment in 2017 increased from 10% in 2016 to 16.21%. In addition, the number of R & D personnel has expanded from 800 to 1019 in the team. The number of doctoral candidates for science and technology increased from 12 in 2016 to 28 in 2017. By the end of 2017, the number of international and domestic patents applied by Hui Ding technology has reached 1879, more than double the figure at the end of 2016. Technology change, advance research and development In terms of the annual report of the listed companies, the investment in research and development of the chip industry still needs to be improved compared with the international large enterprises. Because the chip industry is a capital intensive industry, it requires that the enterprise and capital should be forward-looking in investment. Shenzhen, a medium-sized private equity fund partner on May 2 to twenty-first Century economic reporter, said that the chip industry has changed rapidly. In the technology shift period, if the new technology can not be laid out early, it may lose the opportunity to catch up forever. Every new technology is coming, it is the opportunity to overtake the curve. If you catch up, you can set up a leading position; if you do not keep up, it will widen the gap and even be eliminated, which shows the urgency of the research and development investment in the chip industry. The name said. Take the above top technology as an example, the company will then work hard to screen optical fingerprint and 3D face recognition technology. The technology is currently the worlds leading chip manufacturers compete for research and development in seconds, participants include Qualcomm, apple, and so on. Among them, the Qualcomm oriented OLED display ultrasonic fingerprint identification scheme will not be commercially available until the summer of 2018. The company continued to invest in optical fingerprinting in 2017, but failed to invest in business in 2017, which was an important reason for the lack of a significant increase in net profit in 2017. From the first quarter of 2018, the technology has been progressed. The screen optical fingerprint products have been commercially used in the first quarter of 2018, such as HUAWEI, vivo and other well-known brand flagship models. The quantitative production of optical fingerprints is the result of previous years work, Zhang Fan, chairman of the chairman of Hui Ding technology, said, the measurement time of optical products lagged behind the expected time we had expected, because this is a new technology that has never been tried, and the performance of fingerprint technology performance in the screen top technology is the industry. The best. Zhang Fan disclosed that under the screen optical fingerprint technology accumulated more than 180 patents, and gradually help customers enter mass production. He said that for the under screen optical fingerprint products, the basic goal of 2018 is to reach the shipping standard of tens of millions of shipments. With the increase in shipments of optical fingerprint products, the companys gross margin will also be improved accordingly, and gross margin performance will also rebound. In addition, for the current popular technology - 3D face recognition, the top technology is also in the layout. The company said it is expected to gradually provide the market with a low power, small size and low cost innovative 3D face recognition system in 2018. Source: twenty-first Century economic report editor: Wang Zheng _NN7526 From the first quarter of 2018, the technology has been progressed. The screen optical fingerprint products have been commercially used in the first quarter of 2018, such as HUAWEI, vivo and other well-known brand flagship models. The quantitative production of optical fingerprints is the result of previous years work, Zhang Fan, chairman of the chairman of Hui Ding technology, said, the measurement time of optical products lagged behind the expected time we had expected, because this is a new technology that has never been tried, and the performance of fingerprint technology performance in the screen top technology is the industry. The best. Zhang Fan disclosed that under the screen optical fingerprint technology accumulated more than 180 patents, and gradually help customers enter mass production. He said that for the under screen optical fingerprint products, the basic goal of 2018 is to reach the shipping standard of tens of millions of shipments. With the increase in shipments of optical fingerprint products, the companys gross margin will also be improved accordingly, and gross margin performance will also rebound. In addition, for the current popular technology - 3D face recognition, the top technology is also in the layout. The company said it is expected to gradually provide the market with a low power, small size and low cost innovative 3D face recognition system in 2018.