Comparative analysis of the 2019 financial reports of 35 domestic listed sensor companies: showing the pattern of “a hundred flowers blooming”

With the rise of a new generation of information technology, the world has begun to enter the information society. In the process of making full use of information, the first thing to solve is to obtain accurate and reliable information. As a kind of information that can sense the measured information, the sensor can transform the sensed information into electrical signals or other required forms of information output according to certain rules, so as to meet the requirements of information transmission, processing, storage, Display, recording and The detection device required for control and other requirements has become the main way and means for people to obtain information in the field of nature and production.

With the advent of the era of “Internet of Everything”, sensors have also begun to show the characteristics of miniaturization, digitization, intelligence, and multi-functionality. They are like the five senses of an object, allowing objects to have senses such as touch, taste and smell, making objects slow Slowly become alive.

According to incomplete statistics, there are nearly 2,000 related companies engaged in sensor research in the country, of which nearly 40 are listed companies with sensor business. 2019 has come to an end, and many companies have released their financial report data. OFweek Electronic Engineering Network has sorted out and screened the 2019 annual reports of 35 major domestic sensor listed companies, summarizing some industry development trends.

The overall performance of the industry is outstanding

Comparative analysis of the 2019 financial reports of 35 domestic listed sensor companies: showing the pattern of “a hundred flowers blooming”

(The data comes from the 2019 financial reports of various companies/express OFweek Click the picture to enlarge it)

Judging from the financial data of the 35 domestic listed sensor-related companies listed in the table above, the 35 companies performed well as a whole. There are 25 enterprises whose operating income is in the range of 0-5 billion yuan (including 5 billion yuan), 5 enterprises whose operating income is in the range of 5-10 billion yuan (including 10 billion yuan), and 5 enterprises whose operating income exceeds 10 billion yuan . From this point of view, there is no single leading company, and small and medium-sized enterprises are also surviving in the sensor market.

(The data comes from the 2019 financial reports of various companies / express reports of OFweek mapping)

From the perspective of revenue ranking in 2019, Hikvision is booming in the fields of comprehensive security and smart business, and sensors, as an indispensable device, have also grown significantly. Therefore, Hikvision is sitting on the 2019 operating It ranked first in the TOP 10 list, with an operating income of 57.700 billion yuan; followed by GoerTek, as the leading provider of sound and optoelectronic solutions in China, in 2019, smartphones, smart tablets, smart The sales of consumer electronics represented by wearable electronic devices, virtual reality/augmented reality, smart wireless headphones, etc. have increased significantly, which has brought a lot of business development to Goertek; Dahua also announced that the company will expand from video surveillance to video as the core The smart IoT industry ranked third with a revenue of 26.1 billion yuan; the fourth-ranked aerospace electronics is affiliated to China Aerospace Science and Technology Corporation, and its product business includes system-level military and civilian UAV systems, precision guided weapon systems, etc. Products, as well as satellite navigation, telemetry and remote control and other professional equipment, the company is not only widely used in the field of sensors, but also has higher technical requirements; Weir shares, the fifth place, need not be introduced too much, thanks to the acquisition of OmniVision, image The sensor business helped Weir shares soar. In addition, Dunan Environment, Huatian Technology, Shenghe Resources, China Resources Micro, and Huagong Technology are all on the list.

In terms of revenue, established manufacturers such as Hikvision and Goertek have been developing for a long time, and it is not uncommon for their revenue to grow steadily. There are also a few companies such as Weil that have improved their annual performance through mergers and acquisitions.

(The data comes from the 2019 financial reports of various companies / express reports of OFweek mapping)

From the TOP 10 list with year-on-year revenue growth in 2019, Nanhua Instruments has left AutoNavi and others far behind with an astonishing growth rate of 292.30%. According to the financial report of Nanhua Instruments, the company’s operating performance has achieved great results in 2019. The main reason for the increase is to seize policy market opportunities. On May 1, 2019, the state implemented the new standard of automobile emission, which involves the necessary automobile emission gas tester. Nanhua Instrument independently masters the core technology of the product, and the technical performance of the product meets the requirements of the new automobile emission standard and has formed mass production capacity. , has become the main supplier of such products in the domestic market, and the products have been put on the market during the reporting period and have produced good sales performance.

(The data comes from the 2019 financial reports of various companies / express reports of OFweek mapping)

Except for Nanhua Instruments, the revenue growth of other companies was below 60% year-on-year. The revenue of Welltai, Tongding Internet, Kelu Electronics, China Resources Micro, Dunan Environment, Jingfang Technology, and Huacan Optoelectronics experienced negative growth. Among them, the revenue of Welltai and Tongding Internet fell by more than 20%.

Weiltai’s revenue fell by 23.55%. In its annual report, it stated that the decline in revenue was due to two reasons. First, in 2019, the company completed the relocation of the pressure product production line to the Songjiang plant, and the relocation equipment in the new plant was debugged. , process optimization and other aspects, the company has experienced a long running-in period, which has a certain impact on the company’s production and sales. Second, the company’s downstream customer demand declined during the reporting period; Tongding Internet’s revenue fell by 20.40%, and a large amount of impairment loss was formed due to goodwill impairment, fixed asset impairment and other reasons. In addition, the market price of optical fiber and cable products The decline, the adjustment of the network security business model and the market competition have all contributed to the decline in the company’s revenue.

(The data comes from the 2019 financial reports of various companies / express reports of OFweek mapping)

In the TOP 10 net profit, Shanghai Conway, Dahua and Goertek have benefited from the large-scale business development of the company and are still on the list. In addition to Hikvision’s net profit exceeding 10 billion, there are 30 companies with net profit in the range of 0-10 billion. Kelu Electronics, Tongding Internet, and Huacan Optoelectronics also ranked at the bottom due to the decline in revenue, which affected their net profit.

(The data comes from the 2019 financial reports of various companies / express reports of OFweek mapping)

In contrast, the year-on-year growth of net profit has seen a major reversal. In addition to the aforementioned policy impact, Nanhua Instrument has achieved a net profit increase of 688.00%. Weir shares have also completed the acquisition of OmniVision. And achieved a net profit increase of 221.10%. There are also two companies whose net profit has increased by more than 100% are Dali Technology and Dunan Environment. 12 companies experienced a decline in net profit. Among them, Huacan Optoelectronics’ net profit fell by 529.70%, which attracted much attention. According to its financial report, the main reason for the sharp drop in net profit was the overall overcapacity of LED chips in 2019. , Product prices have dropped significantly, and the substrate business is affected by the competition of chips in the LED industry, and the price of single chips has dropped significantly.

The market pattern of “a hundred flowers blooming”

Statistics show that in 2019, the scale of China’s sensor market reached 218.88 billion yuan. It is expected that by 2021, the market size will reach 295.18 billion yuan, maintaining a rapid growth of 17.6%. According to the market structure, the market size of the automotive electronics field is 52.92 billion yuan, accounting for 24.2%; the market size of the industrial manufacturing field is 46.23 billion yuan, accounting for 21.1%; the market size of the network communication field is 459.8 RMB 100 million, accounting for 21%; the size of the consumer electronics market is RMB 32.21 billion, accounting for 14.7%. Overall, the development is relatively balanced.

Judging from the types of sensor products of listed companies listed above, they cover MEMS sensors, temperature sensors, pressure sensors, infrared sensors, vision sensors, position sensors, etc. The categories are rich, and the entire industry shows a “blooming” market pattern.

Looking ahead to 2020, these sensors are hot

At the beginning of 2020, we encountered the invasion of the new crown pneumonia virus. In the prevention and control of this epidemic, sensors played an important role.

For example, in this new coronary pneumonia, although “fever” is not the only characteristic of new coronary pneumonia patients or infected people, before there is no completely accurate and effective method, body temperature detection has become a key indicator for judging whether people have fever, even if they are not infected with new coronary pneumonia. patients, they can also be isolated from the public in time to prevent the spread of the virus.

(The picture comes from OFweek

Infrared sensors are the core components of forehead thermometers and ear thermometers, which can help people detect and screen abnormal body temperature quickly, accurately, and in a timely manner. In the face of the huge floating population in public places and in a mobile state, more advanced infrared thermal imaging sensors are needed to achieve efficient inspection and detection.

In addition, there are many precision sensors on the ventilator used to treat patients with new coronary pneumonia, such as flow sensor, temperature and humidity sensor, etc. The ventilation speed is controlled to keep the patient’s breathing and intake frequency consistent, so as to ensure natural and smooth breathing; the temperature and humidity sensor mainly measures the temperature and humidity of the air in the pipeline, and adjusts the temperature and humidity of the incoming gas to provide The air with suitable temperature and humidity for the patient.

In recent days, researchers in South Korea and Switzerland have announced the development of biosensors that can detect the new coronavirus, but the usage is different. The biosensors developed in South Korea are mainly for humans, and can detect the detection of nasopharyngeal swabs in about 1 minute. The new coronavirus; the biosensor developed in Switzerland is used to detect the presence of the new coronavirus in the air, and is used to monitor the air in crowded places such as train stations and hospitals in real time.

Relatively speaking, infrared sensors, flow sensors, and temperature and humidity sensors have a wider range of applications, and the research and development of biosensors is relatively lagging behind, but if they can be successfully developed and applied on a large scale, they will play a huge role in future epidemic prevention.

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