As of the closing on June 4, the share price of Zhaoyi innovation was 205.66 yuan / share, nearly the same as the issue price of 203.78 yuan / share. The final target of this issuance and the situation of its allotment are as follows:
The top ten shareholders of Zhaoyi innovation are mainly institutions, including national integrated circuit industry investment fund Co., Ltd., Shaanxi International Trust Co., Ltd. - Shaanxi Guotou fortune 28 single fund trust, Hong Kong Central Clearing Co., Ltd., etc.
Singapore Government Investment Co., Ltd. also ranks among the top ten shareholders this time. According to the public information, Singapore Government Investment Co., Ltd. was founded on May 22, 1981. At the beginning of its establishment, Lee Kuan Yew personally served as the chairman. It is the largest international investment institution in Singapore. Its main task is to manage Singapores foreign exchange reserves and invest abroad across Singapores borders. The company has always been known as the largest and most mysterious investor in Asia, and currently manages more than 100 billion dollars of assets, which is the same size as Berkshire, Buffetts investment empire.
Ge Weidong, chairman of Shanghai chaos investment, the legendary futures industry figure known as Ge eldest brother, has increased by 1.5 billion yuan in the fixed increase of this round, with the shareholding ratio increased from 3.06% to 4.48%, becoming the fifth largest shareholder of Zhaoyi innovation.
After the completion of share registration of this non-public offering, the shareholding of the top ten shareholders of the company is as follows:
In addition, in terms of Zhaoyi innovation, it is announced that since the companys non-public offering of shares has been completed, Zhu Yiming, the chairman of the board of directors and the actual controller of the company, will add a new concerted action person, Lianyi Hong Kong, and the proportion of voting rights actually controlled will increase accordingly. Prior to the issuance, Zhu Yiming and his concerted agent Hong Kong evolvor Co., Ltd. held a total of 68.0736 million shares of the company, accounting for 15.14% of the total. After the issuance, Zhu Yiming and his co operators Hong Kong evolvor Co., Ltd. and Lianyi Hong Kong hold 83.7838 million shares of the company, accounting for 17.80% of the total. Zhu Yiming remains the controlling shareholder and actual controller of the company.
Domestic leader in memory chip design, self research and industrialization of DRAM chip with 4.3 billion fixed increment codes
In the context of domestic substitution and policy dividend, the A-share semiconductor sector rose in 2019. As the leader of domestic memory chip, Zhaoyi innovation is also favored by funds in the capital market. It is the ballast stock of almost all science and technology funds. In 2019, the stock price has increased by 229%. At the beginning of 2020, the stock price continues to rise. By February, the stock price nearly doubled. The highest price is 428.18 yuan / share, with a total market value of 137.5 billion yuan. Since the beginning of March, semiconductor concept has been generally cooling down. Although the news that SMIC will return to a share around May 1st has warmed up the semiconductor sector, and the share price of Zhaoyi innovation, which holds part of SMICs shares, has also risen. As of the closing on June 4th, the share price of Zhaoyi innovation is 205.66 yuan / share, 32% lower than the highest price in February this year (the compound right price).
According to the 2019 financial report, in 2019, Zhaoyi innovation achieved revenue of 3.203 billion yuan, a year-on-year increase of 42.62%; net profit of 607 million yuan, a year-on-year increase of 49.85%. The companys operating revenue is mainly composed of memory chip, micro controller and sensor. The sensor business is from Sili micro, which was acquired by Zhaoyi innovation in 2019. Memory chip is the main source of revenue of Zhaoyi innovation, bringing 79.79% of its revenue; the market scale of micro controller grows slowly, bringing 13.85% of its revenue; the revenue of sensor is the smallest, only 6.34%.
With the fixed increase of 4.3 billion yuan, Zhaoyi innovation said that after the completion of the non-public offering and the implementation of the fund-raising investment project, the company will increase the sales of DRAM products, expand the type and scale of memory products, increase the revenue share of the memory business sector, and the revenue composition will be more abundant, and significantly improve the companys sustainable development ability and subsequent development space To provide guarantee for further improvement of the companys business performance.
Since this year, the global outbreak of the epidemic has a huge impact on Zhaoyi innovation, which is heavily dependent on overseas business, especially on the supply chain and demand side of enterprises. From the demand side, Everbright Securities Research Report said that due to the impact of the epidemic, the global demand for TWS headphones, Internet of things, smart phones and other demand weakened, the supply and demand tension of flash memory chip norflash eased, and the price rise cycle of norflash may be damaged. From the perspective of the supply chain, Zhaoyi innovation adopts the fabless mode. After the chip is designed, it needs to find a fabless factory for processing and chip packaging test. This asset light model has advantages and disadvantages. On the one hand, the production cost of enterprises is reduced and the gross profit rate is increased. However, the dependence of enterprises on suppliers is high, especially the phenomenon of neck sticking of Chinese chip technology exposed by the tense trade relations between China and the United States, which aggravates the risk of uncertainty. In the first quarter of 2020, Zhaoyi innovation achieved revenue of 805 million yuan, a year-on-year increase of 76.51%; net profit of 168 million yuan, a year-on-year increase of 323.24%. A number of securities companies released research reports that their performance met expectations, and their layout DRAM will improve the storage layout, which is expected to fill the gap in domestic DRAM. Source: responsible editor of Securities Times: Yang Bin_ NF4368
In the first quarter of 2020, Zhaoyi innovation achieved revenue of 805 million yuan, a year-on-year increase of 76.51%; net profit of 168 million yuan, a year-on-year increase of 323.24%. A number of securities companies released research reports that their performance met expectations, and their layout DRAM will improve the storage layout, which is expected to fill the gap in domestic DRAM.