Chapter 1149 [Fighting on high-end chip autonomy and vowing to break through successfully]

With the disclosure of Xingyu Technology's annual report, everyone has also discovered that today's companies in Qunxing are a little different. The listed companies with the largest and second largest market capitalization in the A-share market have announced their annual reports on the same day and during the session. This is obviously a reason. A force is pushing something intentionally.

And it is not difficult to guess that this is mostly the instruction of its parent company, or Fang Hong, whose intention is to allow the SGX to continue its upward breakthrough.

Funds that react quickly have begun to intervene. Since the big boss has this intention, just respond to the big boss's call. Making money is a high probability event, and this kind of opportunity is rare.

The SGX 50 Index has also risen further as a result, and now every point it rises is reaching a record high.

The time came to around 12 o'clock, and the main boards of the two cities had been closed for half an hour. However, the SGX did not close at noon. Bidding continued from the opening of 9 o'clock in the morning until the closing of 15 o'clock in the afternoon.

At this time, Xingyu Technology has increased by more than 6 percentage points, and its stock price has also reached a record high of 10.68 yuan per share. The total market value has reached a height of 2.9407 billion.

Its market capitalization of 2.94 trillion is as if it were the sum of the market capitalizations of the two largest banks in the universe, and it is just one step away from the historical mark of 3 trillion.

The market's attention to Xingyu Technology has not diminished at all. This year's financial report data still slightly exceeded market expectations, because Xingyu Technology's main business, the smartphone business, has not seen any major growth in the past two or three years.

It’s not that Xingyu Technology’s STAR series smartphones are not easy to sell, but that many mobile phone users want to buy them but can’t sell them at all. They rely on the inventory to squeeze out a little bit like toothpaste to ensure a sense of presence and sufficient exposure. , thereby avoiding leaving consumers’ gaze for a long time.

In fact, investors are quite shocked by the resilience of Xingyu Technology. Even when its main business is suppressed and R\u0026D investment has not been reduced, it can still maintain a two-way growth trend in revenue and profits. This is Where the market exceeds expectations.

After Xingyu Technology released its annual report today, various investment institutions immediately used it for research and analysis.

From the perspective of revenue scale, there has indeed been no eye-catching growth in the past three years, because in 2012 the revenue scale has reached a brilliant achievement of more than 570 billion. This year it is more than 770 billion, an increase of 200 billion in three years. Scale, of course, is a huge number, but the average growth rate is less than 12% per year.

This growth rate is lower than the level of peers, but the market also understands Xingyu Technology, and many people also admire Xingyu Technology, because the company is still suppressed by the United States and still maintains a growth trend. This is not easy. Another company can There is still a question mark if we cannot survive a year, let alone growth.

In terms of high-end chips, Xingyu Technology can only succeed on its own now. It is impossible to obtain high-end chip supplies from old and American chip companies.

This year, Xingyu Technology's net profit margin is 46.5 billion. Although it has increased by about 5 percentage points year-on-year, it has dropped by 40% from 78.5 billion in 2012, almost halved. This year's net profit margin is only 6 percentage points, while in 2012 It exceeded 13 percentage points, and the net profit rate was also cut in half.

It can be seen that 2012 is the peak of Xingyu Technology so far. It has not surpassed the peak of that year in the past three years. It was also the year that Apple’s iPhone series smartphones faced direct competition with Xingyu Technology’s STAR series of smartphones. As a result, the iPhone The mainland market for series of mobile phones was slumped, and Xingyu Technology was at its peak. However, soon after, the United States and the United States cut off the supply of chips.

Apple has also enjoyed great success in the past few years. The company's market value has continued to reach new highs, and its market share in Greater China has gradually expanded.

Xingyu Technology has been dormant in the past few years. When domestic so-called friendly business colleagues saw that Xingyu Technology was cut off from chip supply, they were secretly happy, thinking that they could take Xingyu Technology's high-end market share.

But after three years, no one can beat Apple's competition in the high-end market.

In this generation, Huawei did not enter the smartphone market. Instead, it cut off its nascent mobile phone business because Mr. Ren felt that with Xingyu Technology, there was no need for Huawei to enter this field. Even if it entered, it would probably be difficult to compete. Xingyu Technology.

It's not that Huawei is afraid. Even if it can't compete with Xingyu Technology, Huawei will have no problem gaining a foothold in the smartphone industry with its technical strength and foundation.

The reason why he did not enter this industry again is that the old man has a big structure. This is the same as Fang Hong who also refused to let Qunxing invest in the communications industry.

If you want to invest, just invest in Huawei, but Huawei is not short of money. At the same time, if the company's equity structure does not change, it will be difficult for external capital to come in. However, Fang Hong simply asked Qunxing to not get involved in the communications industry. Excessive competition will only reduce resources. Waste, which requires a big picture to make such a decision.

Fang Hong is not worried that the communications industry will fall behind America. Huawei's technical strength is also very competitive, and its technical foundation is also very strong. Not surprisingly, in a few years, when the game of 5G communications becomes fierce, Huawei will also be big. There is a chance that in America's little black book, Hua Wei's name is indispensable on the blacklist.

In addition, it is worth mentioning that Apple has actually been avoiding the issue of its competitor Xingyu Technology being cut off from its chip supply, because anyone with a discerning eye knows that Apple’s current win is disgraceful, and all its peers know this. Foreign technology companies are also aware of what is going on in this circle, and even many users are aware of it.

The key is that Xingyu Technology has not given up, and has the determination to realize its shame and then be brave. Now it is just dormant, and there are many loyal fans who are looking forward to the day when the king of STAR series mobile phones returns.

Knowing that the win was disgraceful, Apple certainly didn't want to mention it, as it would only embarrass itself.

What's more, when Gang Leader Qiao was still there, he couldn't suppress the momentum of Xingyu Technology. Now that Gang Leader Qiao is no longer around, although Apple's revenue and profits have hit new highs year after year, technological innovation is obviously declining and is obviously not as good as in Gang Leader Qiao's era. .

Various investment institutions analyzed Xingyu Technology's financial report this year and found that the performance is not bad. From a structural point of view, the revenue scale of more than 770 billion is not the core source of income, although the profit margin of smartphones is the highest. , but due to insufficient supply, it only ranked third in the company's revenue.

Xingyu Technology’s biggest source of income now is the Taichi Operating System TOS ecosystem. Although fewer new phones have been sold in recent years, most users of the STAR phones sold in previous years are still using them, especially Is a loyal die-hard fan.

In the past few years, the total number of mobile phone shipments has exceeded 100 million, and the user base of the TOS operating system is also the third largest smartphone operating system in the world after Android and IOS.

The company's revenue has grown to more than 770 billion, but net profit and net profit margin have declined. The reason is that Xingyu Technology still maintains ultra-high R\u0026D investment. Instead of reducing R\u0026D budget expenditure, it is still increasing.

This is what Apple is most worried about or even afraid of. In fact, Puke does not pay attention to other domestic mobile phone manufacturers, but is very afraid of the dormant Xingyu Technology and maintains a strong vigilance against it.

Its annual R\u0026D investment has not decreased but increased. This tells everyone that Xingyu Technology is committed to high-end chip autonomy and vows to break through successfully and then return as the king.

In 2012, Apple had a profound experience of being beaten up and beaten when facing competition from Xingyu Technology at its peak. How could it not be afraid of its return after breaking through...

Therefore, he worked hard, using his influence and various resources to suppress, and he did not dare to underestimate the enemy. He always regarded Xingyu Technology as a serious problem, and it is still the most threatening opponent in Apple's mind to this day.

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