来源 | 全天候科技
题图 | 视觉中国
3月22日,首批9家科创板受理企业名单出炉,和舰zhizao(suzhou)gufenyouxiangongsi(xiajiancheng“hejianxinpian”)weilieqizhong。
jinnianlai,baokuofushikanggongyezaineideduojiataiwangongsizaiagushangshi,danbiaoxianjunqianjia。kechuangbandekaifangzhuceyilai,shichangqidaiyouxinshengliliangnengdapozheiyimozhou。
shenqingkechuangbanzhiqian,hejianxinpianyu2018nianzhongshenqingzaishangjiaosuoshangshian,yujifaxingxingubuchaoguo4yigu,zongjinebuchaoguorenminbi25yiyuan。cicihejianxinpianzaikechuangbanrengnirongzi25yiyuan,zaisuoyoushoupi9jiagongsizhongjinezuigao。
zuoweijingyuandaigongqiye,hejianxinpianzai2017nianjishenzhongguojichengdianluzhizaoshidaqiyebangdan。zheijiamugongsiweiyutaiwandelianhuadianzi,zairuzhusuzhougongyeyuanhou,xiangshoulezhuduozhengceherencaiyouhui,yezaidangdichuangjianqizhengtaojingyuandaigongshengchanshengtai。
dancicihejianxinpianzaikechuangbanshangshizhenrongzhongyebaokuolianxinjichenghelianjingbandaotiliangjialianhuadianzidezigongsi。youyuqianqijianchangdengyali,shamenlianxinlianxusanniankuisun,zheiyeyanzhongyingxianglemugongsideyeji。hejianxinpian2018niandukuisunewei26yiyuan,koufeihoujingkuisun1.46yi,qielianxusannianjunkuisun。
图为和舰芯片股权架构
jinnianlai,zhongguozuoweishijiezuidajingjitizhiyi,bentubandaotichanyeshengji,jiangdailaideshichangxuqiukongjianguangkuo,daluzibenshichangnengjihejianxinpiantigonggengduozijin,cujinqiyeyouxiaokuozhangjingyuanchangchanneng。erjingyuanzuoweizhizaobandaotixinpiandejibencailiao,qishengchanjishudeyouhuahetupoyeyuelaiyueshoudaozhongshi。
hejianxinpianzaizhaogushuzhongtidao,gongsijianchiyishichangxuqiuweidaoxiang,tongguobencimujizijinhelikuozhang 8 yingcunjingyuanzhizaochanneng,zaixianyou12 yingcunhe8 yingcunxianjinhetesezhichengjichushangjixujinxingchayihuagongyiyanfa, tongshibuduankuoda 28nm he 40nm dengxianjinzhichengdechanneng,tigaochanpinxiandefengfuchengdu,shixiangongsizhuyingyewushouruchixuwendingzengzhang。
图为集成电路行业增长情况
和舰芯片上市有望加快联电公司与大陆半导体产业深度融合。此举不仅给中国大陆本土半导体厂商带来了更强的竞争挑战,也对中国整个芯片行业产生重大意义。
zigongsikuisun,qianjingmiwu
提到和舰芯片,也许鲜有人知晓。但和舰芯片在台湾的母公司——台湾芯片制造商联华电子公司(united microelectronics corporation,xiajiancheng“lianhuadianzi”),zeshishijiezhimingdexinpianqiye。
taiwanshimuqianguojizuidadejingyuanchandi,qizhongzuiweizhimingqiyeyoutaijidian(taiwanjitidianluzhizao)hetailiandian(lianhuadianzi)。
lianhuadianzishitaiwanzuizaodebandaotigongsi,yeshimeigushangshigongsi,zaiquanqiushichangzhanyoulvpaimingqiansan。
2018nian8yue20ri,jingyuandaigongchanglianhuadianzizhaokaigudonglinshihui,xuanbutongguozigongsihejianxinpianzaishenqingshangjiaosuoshangshian,shoucigongkaifaxingagu。
2001nianchenglidehejianxinpian,juximingchengquzi“zhenghejianduixiaxiyang”diangu。zi2003niandiyizuo8yingcunjingyuanchangtouchanzhijin,hejianxinpianyizhiwenbufazhan。cihouhejianfashengleduocizhongdashixiangbiangeng。
2018nian5yue15ri,hejianxinpianxinzengtouzirenweifulakaizixun(shanghai)youxiangongsi,youyouxianzerengongsi(waizi)bianchengyouxianzerengongsi(zhongwaihezi),touzizongezengjiale88.14%,you38000wanyuanbianweiyue320501.4wanyuan。
jinnianlai,youduojiataizibeijingqiyezaiagushangshi,youqizai2018nian6yue8ri,fushikanggongyehulianwangchenggongdengluaguzhihou。
muqiantaiwandiquchangshangzaizhongguodalushangshidegongsihaiyouriyueguangqixiadehuanxudianzi、yaxiangqixiayaxiangjicheng、huayingdehuayingkeji、nanzidiandehudiangufen。erguihuazaiagushangshidegongsizeyounanqiao、judajixie、zhendingjirongchengdeng。
danshi,baokuofushikanggongyezaineidetaiziqiyezaiagubiaoxianyiban,fushikanggongyejinzai4gejiaoyirihoujiudiepofaxingjia。
weiledengluagu,hejianxinpianyezuochulechongzudezhunbei,jichengleshamen12cunjingyuanchanglianxinjichengdianluzhizao(shamen)youxiangongsi、icshejifuwugongsilianjingbandaoti(shandong)youxiangongsideng,helizuchengleyizhiqiangjing“jiandui”。
raner,xinpianzhizaoshuyudianxingdezijinmijixingxingye,yitiao 28nm gongyijichengdianlushengchanxiandetouzieyue 50 yimeiyuan,20nm gongyishengchanxiangaoda100yimeiyuan。genjuxingyeguanli,shebeidezhejiunianxianpubianjiaoduan,jiaogaodetouzijinehejiaoduandeshebeizhejiunianxian,daozhixinpianzhizaogongsizaitouchanchuqipubiancunzaikuisunqingkuang。hejianxinpiandezigongsishamenlianxinchengliyu2015nian,zhijinqianqigudingzichanzhejiuhewuxingzichantanxiaotaidadaozhimaolilvweifu,qiexujiticunhuojianzhiheyujifuzhai,zheixiedaozhilemugongsizhengtikuisun。
genjuhejianxinpiangongbudekechuangbanzhaogushuxianshi,gongsiguishuyumugongsisuoyouzhedejinglirunfenbiewei-14,390.50 wanyuan, 7,128.79 wanyuan、2,992.72 wanyuan,kouchufeijingchangxingsunyihouguishuyumugongsisuoyouzhedejingli runfenbiewei-15,579.52 wanyuan、-296.22 wanyuan、-14,644.63 wanyuan,jiezhi 2018 nianmo,gongsi leijiweifenpeilirunwei-92,672.44 wanyuan。zheiyiweizhegongsishangshishishangweiyinglijicunzaiweimibukuisun。
和舰芯片近三年主要财务数据
congdangqianshichanghuanjingjiaguxingqinglaikan,hejianxinpianlianxusanniankuisun,dengluaguqianjingcunzaibuquedingyinsu。zaibannianduodepaiduidengdaizhihou,hejianxinpianxuanzezaikechuangbanxunzhaojihui,danfuzadeqiaoshangbeijinghezigongsikuisunyanzhong,wuyijihejianxinpiandenglukechuangbanyemengshangmiwu。
内地政策吸引
lianhuadianzicfoliuqidongzaigudonghuishangtidao,shenqingagushangshi,zuizhuyaodezhongdianzaiyuzhangqidefazhan。weilaitouguoagushichang,keyishideliandianyoulingyigechouzideguandao,yeyouliyuzaitaiwandekuojianhezijinyunyong。
genjulianhuadianzigongsizai 2018 niandisijiducaibao,zongyingshouxiahuayue10%。lianhuadianzirenweishouruxiajiangyuanyinweijiamihuobixuqiudedimi,caikuangdexuqiujianshao,congerjianshaoleduicaikuangyingjiandexuqiu。
bujuneidi,duilianhuadianzilaishuo,yifangmiankeyixunzhaogengweilianjiadedaigonghuanjing,yifangmianyekeyigengjiejinneidideshichangherencai。ershangshizhihou,lianhuadianziyekeyihuodeneididetouzi。
2018年上半年全球前五大晶圆代工厂,排名分为台积电、格罗方德、联华电子、yuzhongxinguoji,shichangzhanyoulv(yiyingshoujisuan)yiciwei56.1%、9.0%、8.9%、7.4%ji5.9%。
duiyulianhuadianzilaishuo,jiezhudalushichangziyuan,tuidonghejianxinpianzaishanghaizhengjiaosuoshangshi,kuochonghejianyulianxindechanneng,fajueneidishichang,tigaoshichangjingzhengli,jiangshifeichangzhongyaodeyibu。
2009nian,lianhuadianziyi2.85yimeiyuanshougouhejianxinpian85%guquan,;2016nian,lianhuadianziyixianjinmeigu1.1meiyuan,shougouhejianxinpiandekonggugongsibest elite international limitedshengyuliutongzaiwai8.92%guquan,cicishougouwanchenghou,liandianjiangbaifenzhibaichiyouhejian。
hejianxinpiandangshixuanzeluohuyusuzhougongyeyuan,hendachengdushangdeyiyudangdideyouhuizhengce。
suzhougongyeyuanquyouzhongguoyuxinjiapozhengfuhejiangongguan,xiangmushenpixiaolvyuangaoyutongchengqitadifang。hejianxinpianfudongshizhang、shouxicaiwuguanyouchaoshengcengduimeitihuiyi,dangniantashizhousanlaicongtaiwanchufa,jingdisandizhuanjilaidaosuzhoushiyishibangwan。zaidijianshenqinghou,zhouwutazhunbeihuitaiqian,jiuyijingnadaoyingyezhizhao。ercongdiyicidaosuzhoukaocha,daohejianzhengshipotudonggong,yejinjinyonglesangeyueshijian,xiaolvshifenjingren。
youchaoshengtidao,jingyuandaigongchangduishuidianxuqiulianggao。yunzuoshouxianshui、xiandianyigexiangda,“danzaisuzhoukejiyuan,hejianzi2003niantouchandaojintian15nian,conglai,meiyoudanxinzheixieshiqing。”
erhejianxinpianzaijinzhusuzhougongyeyuanzhihou,yejiangyijiangshang、xiayouchanyeyinjinsuzhougongyeyuanqu,xingchenglequnjuxiaoying,wanchengzaizhongguodalujichengdianluchanyebujudediyibu。
chenglizhijin,hejianxinpianyeduocihuodesuzhoushizhengfudejiajiang,ruhejianxinpiancenghuode“2017niandusuzhougongyeyuanqushifanzhinengchejian”,yebeipingwei2018niansuzhoushidakejichuangxinqiye。
hejianxinpianmuqiandechanpinbaohanyuanxiansuzhouhejianyijishamenlianxinjichengdianluzhizaoyouxiangongsi(xiajiancheng“shamenlianxin”)de40nmyu28nmzhicheng。shamenlianxinyoushamenshizhengfu、lianhuadianzihefujianshengdianzixinxijituansanfanggongtongchuzizujianercheng。bandaotixingyeguanchatidao,lianhuadianzizai2017nianduishamenlianxinzaishuchu28nmjingyuanjishuhou,henkuaishamenlianxinbianshixianliangchanlianglvgaoda94%,zheizhengminglelianhuadianzi28nmchanpindewendingxing。
图为和舰芯片主要营收来源
图为和舰芯片主要市场
lianhuadianziyituoneidishichangjiekun
lianhuadianzilizhuhejianxinpianzaihuashangshi,yidingchengdushangshiweilegaishanzijinliu,liuzhurencai,huanjiejingzhengyali。
lianhuadianzilianxizongcaiwangshizaijieshoutaiwan《caixunshuangzhoukan》caifangshitidao,liandiandaolebunengbugaibiandeshihou。yigezuimingxiandezhibiaoshi,youyuguoqudeguodutouzi,liandianbixuyaoweichichannengliyonglvgaoda9chengyishang,cainenggouzhuanqian,womendeepshiyongliningmaojinjichulaide。wangshizhiyan,yiqianliandianshiyongxishenghuoli,laihuanquyingshouchengzhang。
weilai,liandianbucanyuxianjinzhichengjingzheng,buzaigenjintouzi7nmjishu,yaokaochengshuzhichengbaguimobitagengxiaodegongsijichuqu。
genju2017nianzhongguobandaotixingyexiehuifabudeguoneizuixinjichengdianluchanyebangdan,hejianxinpianzaiquanguobandaotizhizaogongsizhongpaimingqianshi。
图为2017中国半导体制造企业排名
danhejianxinpianhelianxinjichengmuqiandeweizhixiangduiganga。liandianjilianxinjicheng28/14nmjingzhenglibingbuqiang,2018niandierjidu,hejianxinpiande28/14nmdeyingshouweixintaibi70yi,zhanzongyingshoude18%。lianxinjichengzaihuodeshamenzhengfudebutieqiangyuan,caiqudijiaqiangdanzhengce。
hejianxinpianzai2015nianyinglixintaibi20yideqingkuangxia,2016nianjingrankuisunxintaibi7yi。zaiquanqiu8cunlvzhichengchannengjinzhangdeqingkuangxia,gongsizai2017nianhuiguiyinglixintaibi7yi。
genjuliandiandeguihua,cicihejianxinpiansuochouzijinyibufenyongyukuochonghejianxinpian8yingcun1wanpiandeyuechanneng,yuji2019niandierjiduwancheng;yibufenyongyugaishanlianxinjichengdecaiwujiegou。weilailianxinjichengdeyuechannengjiangcong1.7wanpiankuozengzhi2.5wanpian,duiyulianxinjichenglaishuo,zijinyalipoweijuda。erqieerqiqidongjianggengjiakaoyanzijinshili。
zhidezhuyideshi,you16nianfazhanlishidehejianxinpianyijingxingchenglewanshandechanyelian,yongyouwendingdekeyuan。hejianxinpianyuguoneiduojialongtoubandaotiqiyedachengzhangqilianghaodehezuo,rubeifanghuachuang、yaxiangjichengdeng。
tongshi,hejianzaixuanqushangyouicshejigongsikehufangmianjiweiyanke,gongsibixujuyoushejihexingxiaonengli。danhezuokaishihou,hejianhuiweikehutigongquantaofuwu,chulewanzhengdeshejizhichiwai,haibaokuobangzhukehuanpaizaizhongguodefengzhuangheceshi,zheiweihejiandailaiwendingkehuhedingdandetongshi,yeyincixingchenglebandaotisheji、shengchan、fengzhuang、ceshideliangxingshengtaitixi。
lianhuadianzictoliuqidongzaigudonghuishangyetidao,tuidongshangshiyigehenzhongyaodeyuanyinshiyaoliuzhuxiangguanrencai。
jieyouzaikechuangbandeshenqingshangshi,keyitongguopeigudefulilailiuzhurencai,yewendingyuangongdeliudongxing。juxihejianxinpian2017nianderencailiushilvchaoguo15%,ruonenggoutigongyigegenguquanguagoudejianglijizhi,bidingyouzhuyuliuzhurencai。
zhongguoxinpianzhizaoxingyeshangchuzaichengzhangshiqi。zaizheigeshiqizhong,yougengduojiaxinpianzhizaochangshangxiangjizaizhichenggongyishangqudeyixiedadejishutupo,huituijinzhongguoxinpianzhizaoxingyegengkuaifazhan。