After two and a half years of market winter, the chip industry in 2024 seems to have ushered in a spring-filled recovery. Recently, a number of chip semiconductor listed companies have released the first half of the 24 years of performance forecast, many of which the net profit growth rate of many companies is amazing, many companies achieved more than 100% year-on-year growth, injected a shot in the arm for the industry.

On June 18, Southchip Limited released the first half of the performance forecast, is expected to 2024 half year operating income of 1.232 billion yuan to 1.302 billion yuan, an increase of 86.51% ~ 97.11%; The net profit is expected to be 203 million to 221 million yuan, an increase of 101.28% to 119.16%.

The company said that the reporting period was affected by the recovery of terminal demand, the company's business scale expanded, continued to introduce competitive products in the market, full orders in hand, and steady growth of the main business.

On June 26, Espressif Systems expected a net profit of about 11.871 million yuan for the first half of the year, an increase of 123.51% year-on-year

On the evening of July 5, image sensor leader WillSemi released a performance forecast, which is expected to achieve a net profit attributable to the owner of the parent company of 1.308 billion yuan to 1.408 billion yuan in the first half of 2024, an increase of 754.11% to 819.42%.

On July 5, Montage Technology released a performance forecast that in the first half of 2024, the company is expected to achieve an operating income of 1.665 billion yuan, an increase of 79.49% over the same period last year, and achieve a net profit of 583 million to 623 million yuan attributable to the owner of the parent company. It increased by 612.73%~661.59% compared with the same period last year

On July 9, GigaDevice announced that its net profit for the first half of 2024 was expected to be 518 million yuan, an increase of 182 million yuan, or 54.18%, compared with the same period last year.

On July 9, SCC (Shennan Circuits Co., Ltd) released a performance forecast that the company expects to achieve a net profit attributable to listed company shareholders of 910 million to 1 billion yuan in the first half of the year, an increase of 92.01% to 111.00%.

On July 9, Roshow Technology Co., Ltd released a performance forecast that the company expected to achieve a net profit attributable to shareholders of listed companies of 180 million yuan to 210 million yuan in the first half of the year, an increase of 61.75% to 88.71%.

On July 9, Techwinsemi released a performance forecast that the company expected to achieve operating income of 2 billion yuan to 2.3 billion yuan in the first half of the year, an increase of 238.68% to 289.48%.

On July 9, Shanghai Belling released a performance forecast, according to preliminary estimates by the financial department, it is expected that the company's net profit attributable to the owner of the parent company in the first half of 2024 will be 120 million yuan to 140 million yuan, an increase of 183 million yuan to 203 million yuan compared with the same period last year (statutory disclosure data), and it will achieve a profit.

On the evening of July 9, OFILM Group Co., Ltd released the 2024 semi-annual report performance forecast, the company is expected to achieve a net profit of 36 million to 45 million yuan in the first half of the year, to achieve a profit; The net profit of withholding was between -9 million yuan and -18 million yuan, compared with a loss of 573 million yuan in the same period last year.

On July 9, TCL Technology released a performance forecast that the company expected to achieve net profit attributable to shareholders of listed companies of 950 million yuan to 1.05 billion yuan in the first half of the year, an increase of 180% to 210%.

On July 9, SYTECH expected to achieve operating income of 1.87 billion to 2.2 billion yuan in the first half of the year, an increase of 18.13% to 38.97%; Net profit for the first half of the year is expected to be 93.5 million to 110 million yuan, an increase of 876.88% to 1049.27%.

On July 9, Goodix Technology released a performance forecast that the company expects to achieve operating income of about 2.26 billion yuan in the first half of 2024, an increase of about 11.8%. It is expected to achieve a net profit attributable to the owner of the parent company of about 317 million yuan, compared with the same period last year - 136 million yuan, is expected to increase by about 453 million yuan, to achieve a profit.

On July 9, Lion Microelectronics released a performance forecast that according to preliminary estimates of the financial department, it is expected to achieve operating income of about 1.459 billion yuan in the half year of 2024, an increase of about 8.7%. Net profit attributable to shareholders of listed companies is expected to be -73.5 million yuan to -59.5 million yuan, compared with the same period last year, will decrease by 233.1488 million yuan to 247.1488 million yuan, down 134.26% to 142.33%.

On July 10, Rockchip released a performance forecast for the first half of 2024, saying that it is expected to achieve a net profit attributable to the owner of the parent company of 159.5 million yuan to 195 million yuan in the first half of 2024, an increase of 543.15% to 686.29%.

On July 10, Sunnypol released a performance forecast that the company expected to achieve net profit attributable to shareholders of listed companies in the first half of the year to be 44 million yuan to 62 million yuan, an increase of 83.74% to 158.91%; Net profit after deducting non-recurring gains and losses of 54 million yuan to 76 million yuan, an increase of 373.79% to 566.82%.

On July 10, Fenghua Advanced released a performance forecast that the company is expected to achieve a net profit attributable to shareholders of listed companies of 185-235 million yuan in the first half of 2024, an increase of 117.47%-176.25%.

For the reasons for the rise in performance, most companies mentioned the recovery of downstream demand and the recovery of the industry. Public information shows that Gartner, WSTS, IDC and many other mainstream research institutions in the industry are optimistic about the global semiconductor market in 2024.

Among them, WSTS believes that due to the popularity of generative AI, the surge in demand for related semiconductor products, and the sharp recovery of storage demand, global semiconductor sales are expected to reach 588.364 billion US dollars in 2024, an increase of 13.10%. IDC's forecast is slightly higher than WSTS, and it expects global semiconductor sales to reach $632.8 billion in 2024, an increase of 20.20%. Gartner also expects global semiconductor sales to be $632.08 billion in 2024, but due to differences in statistical caliber, its forecast growth rate is only 16.80%.

It is worth mentioning that, according to the US Semiconductor Association statistics, in the first quarter of 2024, the global semiconductor industry sales of 137.7 billion US dollars, an increase of 15.20%, basically in line with the forecast of the above three institutions.

In addition, the president of the Semiconductor Association also said that the market is expected to continue to grow for the rest of 2024, and the global semiconductor market growth rate is expected to reach double digits in 2024.