In 2017, half of the time has passed. Many fingerprint chip manufacturers have summarized their own revenues in the first half of the year. For example, listed companies such as Huiding, Beitlay, and Aegis have successively released their financial reports for the first half of the year, and their fingerprint chips. Business revenue has grown. In addition to listed companies, according to the author's understanding, although the revenue of other chip manufacturers has not been specifically counted, it is also showing growth.
Overall, although the competition in the first half of 2017 was fierce, the development situation was relatively good, and the penetration rate of fingerprint recognition in the mobile phone market was further improved. According to the Rising Sun Data Research, the global fingerprint penetration rate in 2017 was 61.17%, which was significantly higher than the penetration rate of 42.99% in 2016. In addition, fingerprint recognition in China is also accelerating penetration, and the current penetration rate has reached 69.96%.
The continuous penetration of fingerprint recognition has further expanded the fingerprint mobile phone market, and has also brought a wave of revenue growth to fingerprint chip manufacturers in the incremental market.
Fingerprint chip makers are still in the profit periodAccording to the first half of 2017 report released by Huiding, Huiding achieved the company's continued growth during the reporting period, with operating income of 1.838 billion yuan, up 51.77% year-on-year; net profit attributable to shareholders of listed companies was 481 million yuan, year-on-year. The increase was 58.23%.
Before 2016, Huiding's main business was still touch chips. In 2016, with the outbreak of the fingerprint identification market, Huiding was decisively transformed, and its main business reversed. Fingerprint chips accounted for 75% of the company's total business revenue. The explosive growth of the fingerprint chip business has also made Huiding a leading domestic enterprise.
In 2017, Huiding still leads the way, with a half-year profit of 481 million yuan. Among them, the fingerprint chip is still the main force of revenue, leading the revenue of many fingerprint chip manufacturers.
Recently, another domestic fingerprint chip manufacturer, Betley, announced the first half of 2017 report. The report pointed out that Betteley’s operating income in the first half of the year was RMB 55 million, and the net profit attributable to the listed company’s shareholders was RMB 0.05 billion. 36.95%.
Different from other fingerprint chip manufacturers, Beitlay's business structure is more diversified. In addition to the fingerprint chip business, Bethlet also has touch, Z-ProTM surface multi-dimensional pressure touch, life perception, MCU, etc. A total of five product lines, such a rich product line is undoubtedly a clear advantage over the fingerprint chip manufacturer of a single product line.
In addition, according to the relevant personnel of Beite, the fingerprint chip business in the first half of this year is still profitable despite the serious price hike in the market. At present, the Beitle fingerprint chip maintains a shipment of around 1KK-1.3KK per month.
In addition, the Taiwanese fingerprint chip manufacturer Aegis also released a monthly revenue report, which shows that the monthly revenue growth is staggering. According to its report, Aegis' revenue for the first half of the year reached NT$2.06 billion (RMB 448 million). Since its entry into the Samsung supply chain system last year, Aegis fingerprint chips have taken off quickly, and with the help of its own algorithms and technical advantages, it has successfully become a fingerprint chip supplier for brands such as Xiaomi, ZTE, Lenovo and Yijia. In the first half of 2017, the shipments were above 10KK, ranking the top five.
In addition to listed companies, according to the author, other fingerprint chip manufacturers have seen an increase in revenue in the first half of 2017. For example, Fei Engel's gross profit in the first half of the year was 2 million US dollars. With the arrival of the terminal sales season in the second half of the year, Fei Engel will continue to make profits. The annual forecast revenue will reach about 6 million US dollars.
In addition, according to the relevant personnel of Mindray, although the specific data has not been clearly counted, in general, the revenue in the first half of the year is still growing. In addition, according to industry sources, in the first half of this year, the gross profit of fingerprint chip manufacturers are positive. It can be said that in the first half of the year, fingerprint chip manufacturers are still in the profit period, the only difference is the amount of profits.
Price cuts, shipments, parallel profits, all the way cutAs we all know, with the further penetration of fingerprint recognition, the price of fingerprint chips has dropped all the way, from 5 US dollars at the beginning of 2016 to about 2 US dollars at the end of the year, and this year, there is even news that the price of chips has dropped below 1 US dollar. Frequently falling prices have caused manufacturers' gross margins to continue to fall. It is not easy for a chip manufacturer that can maintain profitability at a low price.
Taking Huiding Technology as an example, according to relevant information, in 2015, Huiding's gross profit margin was 34%. In 2016, shipments rose sharply, and gross profit margin could basically stabilize at around 41%. And this year, with the popularity of fingerprint recognition in the low-end smartphone market, the overall gross profit margin of the industry will further decline.
According to the author's understanding, the main reason for the decline in the price of fingerprint chips and the continued profitability of manufacturers is the rapid growth of shipments. According to the Rising Sun data, last year, the domestic fingerprint chip shipments were 424 million, of which Huiding's annual shipment of fingerprint chips exceeded 140 million, an increase of 1135%. The shipments of Mindray and Aegis are also increasing. Last year, the shipments reached more than 10 KK. In addition, the shipments of Synopsys, Si Liwei, Xinyi, Beitlay and Feienger also increased significantly.
Last year, the amount of fingerprint chips and the high price made many chip makers achieve a bumper harvest. Although prices have fallen frequently this year, the shipments of various chip manufacturers are still growing. According to the statistics of Rising Sun, in the first half of this year, domestic fingerprint chip shipments were 315 million, and the annual shipments are expected to reach 786 million. It can be seen that the fingerprint chip market has continued to improve this year. The shipments in just half a year are almost the same as last year, and all manufacturers are growing rapidly.
According to the statistics of the Rising Sun data, Huiding's shipments in the first half of this year were 104.2KK, and the net profit for the half year was 480 million yuan. In the first half of 2016, the shipments were 41.9KK according to the data of the Rising Sun, and the net profit for the half year was 304 million. yuan. Roughly calculated, the unit price is much lower than the same period last year.
It can be seen that the price reduction of fingerprint chips is so large that the large increase in shipments is still difficult to recover the decline in profits, and because the increase in shipments is greater than the total amount of price fluctuations, overall, profits are still growing. But it is getting thinner. For some second- and third-tier manufacturers, their profits in this year can only be barely maintained. In the face of price declines, increasing fingerprint chip shipments may be the most direct way to make profits.
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