On the evening of the 17th, Jingfeng Mingyuan released its semi-annual report that the company's revenue in the first half of the year was 1.066 billion yuan, up 177.19 percent over the same period last year; net profit was 336 million yuan, up 3,456.99 percent over the same period last year; and basic earnings per share was 5.44 yuan. In view of this, Jingfeng Mingyuan Q2 achieved a net profit of 267 million yuan, a month-on-month increase of 287.96%.

It is worth mentioning that according to Shenwan industry, among the semiconductor companies that have announced reported results, Jingfeng Mingyuan's net profit growth ranked first over the same period last year, followed by Silan Micro (130.6%) and Fuman Electronics (1191%).
The company said in its report that the sharp increase in performance was mainly due to four factors. (1) sales volume: the overall sales volume of the company's products increased by 89.37% compared with the same period last year; (2) the unit price of the product: the increase in unit price drove the comprehensive gross profit margin to 46.76%, compared with 25.03% in the same period last year; (3) optimization of product structure; (4) increase in investment income.
From the product line, the volume and price of LED lighting drive products have risen, and the sales revenue has increased significantly, totaling more than 1 billion yuan; some power chip products have been sold in bulk, with a revenue growth rate of as high as 12 times; and the sales revenue of motor drive products has increased by 60.96% compared with the same period last year.
In terms of R & D investment, the company's R & D expenditure reached 118 million yuan in the first half of the year, accounting for 11.08% of revenue. Excluding the share payment of the equity incentive plan, the R & D cost was 75.9542 million yuan, an increase of 98.82% over the same period last year.
In terms of supply and demand, in addition to maintaining the original production capacity, Jingfeng Mingyuan is a wafer factory that cooperated with Global Foundries Singapore Pte. in the early stage. Ltd (Lattice Singapore plant) has also brought new capacity; the company has also made prepayments to some suppliers to lock in the medium-and long-term production capacity of raw materials in advance. On the other hand, set up product models and customer priorities, hierarchical delivery; collect payment in advance from customers, Filter customers irrational demand.
Nowadays, the lack of core is becoming more and more serious, and it does not rule out the existence of hoarding and suspected monopoly among some dealers and enterprises.
Last week, Fuman Electronics, another driver of IC, received a real-name report on suspicion of monopoly. Whistleblower Lamp Video has received support from nearly 100 IC companies in the LED industry and 9 display screen companies have asked to participate in joint litigation. At present, the court has filed a case on this report. In this regard, Fuman replied that the price change is a market behavior, which is chosen by both buyers and sellers.
In response to the possible intermediate hype, Jingfeng Mingyuan said in the report that a number of policies have been introduced to prohibit dealers from speculating in goods, avoid irrational prices at the terminal client, and hurt the company's long-term brand image.

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