According to the hot list data of Tonghuashun, Shilanwei (600460. SH) has surged in popularity, rising from 16th place to 8th place in popularity ranking, an increase of 8 places in ranking. On October 22nd, Shilanwei closed at the limit up, and on October 23rd, due to the impact of sector adjustments, Shilanwei also experienced adjustments.

As a leading domestic power semiconductor company, Silan Microelectronics has always maintained a high level of attention in the market. Lanfu Finance Network found that Shilanwei continues to focus on high-end customers and high threshold markets, with the company's revenue maintaining rapid growth and product research and development and production capacity construction accelerating comprehensively. Against the backdrop of sustained growth in demand for high-end products, Silanwei is expected to usher in greater growth opportunities.

Focus on the high-end market

Public information shows that Silanwei is a high-tech enterprise specializing in the design of new integrated circuit products and the production of semiconductor microelectronics related products. Its main products include discrete devices, integrated circuits, and LEDs.

In the first half of 2024, 73% of Shilanwei's sales revenue from discrete devices and integrated circuit products will come from high threshold markets such as new energy, automobiles, large-scale white goods, communications, and industry.

In the field of discrete devices, driven by the demand for electric vehicles and new energy industries, Shilanwei's discrete device products achieved a revenue of 2.399 billion yuan in the first half of 2024, a year-on-year increase of 4%. Among them, the operating revenue of IGBT and SiC (modules, devices) was 783 million yuan, an increase of over 30% compared to the same period last year.

According to Shilanwei's disclosure, the electric vehicle main motor drive module based on the company's independently developed V-generation IGBT and FRD chips has been supplied in bulk to multiple domestic and foreign customers such as BYD, Geely, Changan, GAC, Dongfeng, Lingpao, and Huichuan; The company has achieved large-scale shipment of IGBT and MOSFET devices for automobiles; IGBT devices (finished products), inverter control modules, and SiC MOS devices used for photovoltaics have also been shipped in bulk. At the same time, the IGBT and FRD chips used by the company for automotive main drive have been sold in multiple module packaging factories at home and abroad, and are expected to continue to increase in volume in the future.

Shilanwei stated that the company's discrete components and high-power modules are accelerating their development in markets such as large white goods and industrial control, as well as entering markets such as electric vehicles, new energy, computing power, and communications. It is expected that the revenue from discrete component products will continue to grow rapidly.