Decoding Huawei'S Hubble Investment Map: Layout 13 Industrial Chain Companies, Invest In Two Science And Technology Innovation Board IPO Companies' Returns Doubled

Huawei's supply chain is replaced by domestic products.

Recently, according to the industrial and commercial information data, Huawei's Hubble Technology Investment Co., Ltd. once again took a stake in a semiconductor company, Suzhou Dongwei Semiconductor Co., Ltd.

According to the official website of Dongwei semiconductor, the company was established in 2008. In 2016, the self-developed core chip for DC high-power charging pile of new energy vehicles was successfully mass produced, breaking the monopoly of foreign manufacturers, and taking a leading position in the domestic high-performance power semiconductor field.

According to incomplete statistics, this is the 13th semiconductor enterprise invested by Huawei Hubble since its establishment in April last year. The 21st century economic report reporter noted that, among them, the siripu invested by Hubble has entered the science and technology innovation board IPO, and the status as of July 13 was "inquired"; the IPO application of canqin science and technology innovation board invested by Hubble was also accepted. In addition, many A-share companies have emerged after equity penetration.

In terms of business direction, Hubble has invested in semiconductor industry chain enterprises, and some of the invested enterprises have been deeply bound with Huawei. Huawei's strategic intention to accelerate localization substitution is obvious.

Hubble map a shares

Recently, the newly added micro information of the semiconductor industry and Commerce shows that. Meanwhile, the registered capital of Dongwei semiconductor increased from about 44.2514 million yuan to about 47.5822 million yuan. Based on this calculation, Hubble's capital contribution is about 3.33 million yuan, with a shareholding ratio of about 7%.

According to public information, Dongwei semiconductor is also a domestic substitute. "In 2016, Dongwei successfully produced core chips for DC high-power charging pile of new energy vehicles independently developed by Dongwei, breaking the monopoly of foreign manufacturers.". One of the latest developments is that the company's innovative IGBT will enter mass production in 2019, and its performance will reach the international first-class level.

Since the beginning of this year, the power semiconductor industry represented by IGBT has been active. People in the industry believe that with the gradual application of industrial Internet and 5g, power semiconductor will become an important breakthrough in China's semiconductor field.

From the recent public voice of Gong Yi, general manager of Dongwei, landing on the capital market is also one of the company's goals. In the next step, the company will become a leader in the field of industrial power semiconductor technology, achieve 1 billion revenue in high-end applications within 2-3 years, and be listed in A-share market.

In addition to investing in Dongwei semiconductor, Huawei has made frequent moves. At the end of June, it invested in Changzhou zonghuixin optical semiconductor technology Co., Ltd., the latter's registered capital changed from 20 million yuan to 21.1733 million yuan. Zonghui Xinguang is an innovative optoelectronic semiconductor high-tech company, mainly researching and producing VCSEL chips, devices and modules. It is reported that in Huawei mate 30 Pro mobile phone, the main supplier of VCSEL chip is the semiconductor enterprise of Zonghui Xinguang.

After penetrating the shareholders' equity, the shadow shares of Zonghui core light a shares include ofight, Huaxi, Wanhe electric, Xinhua insurance, Tianhao environment, China Merchants Securities, etc., among which, Oufei Guang is the direct shareholder.

It is also the main stock of Harper Electronics Co., Ltd., which plans to enter the market. In May last year, Harper subscribed for 2241147 shares of srip with a price of 72 million yuan. In April this year, the IPO of srip technology innovation board was accepted, and it is in the status of "inquired".

Coincidentally, on June 30, the IPO application of canqin science and technology innovation board was accepted, and the disclosed prospectus also showed the figure of Hubble investment. In May this year, Hubble acquired 4.58% equity of canqin technology with 110 million yuan. The main product of canqin technology is dielectric filter, which is indispensable in the construction of 5g base station.

In addition, fullerene technology, a graphene thermal conductive film developer invested by Hubble, also involves a number of A-share companies. After penetrating its shareholder Qingdao Huaxin Chuangyuan venture capital center (limited partnership), there are Bank of communications, Zhaoyi innovation, SMIC international, etc.

Suzhou Yutai, a vehicle Ethernet chip developer invested by Hubble, has the tenth largest shareholder of Goldwind Investment Holding Co., Ltd., which is a wholly-owned subsidiary of Goldwind technology. In addition, the AI company invested by Hubble focuses on brain like artificial intelligence and deep learning core technology, and Jiuyang shares is the second largest shareholder.

The 21st century business reporter noticed that after the announcement of Hubble's shareholding in the above-mentioned companies, all of them caused a stir in capital. A number of listed companies were asked about their shareholding status or supply relationship on the interactive platform, such as Zonghui Xinguang and fuene technology.

Domestic substitution logic

The reason why Huawei's investment direction has attracted the market's attention is because there is an industrial logic behind Huawei's search for domestic substitutes in the supply chain.

An IC investor told reporters that Hubble was born out of Huawei's response to trade frictions. In order to reduce the supply chain risk, in addition to looking for domestic alternatives, Huawei also supports domestic semiconductor enterprises through Hubble investment. At present, Hubble's investment is accurate, and the investment is what it needs.

In addition to the above-mentioned companies, Hubble has also invested in Shandong Tianyue, a leading third-generation semiconductor material silicon carbide company, kunyou optoelectronics, which focuses on wafer level optical chips, Xingang coast, a high-speed transmission chip design company, jewat, a power management chip developer, Qinghong electronics, a connector manufacturer, and Haoda electronics, a surface acoustic wave device manufacturer.

"From the perspective of business direction, Hubble's bidding mainly focuses on self-developed science and technology, which is consistent with the idea of self-reliance and self-control of core technology. All of them are hot topics in the field of semiconductor segmentation, and are closely related to Huawei's core products. In addition to the layout of mobile phones and 5g, there are also automobile related enterprises, such as the car communication chip of Suzhou Yutai, and the independent research and development of new energy vehicle charging pile chip by Dongwei semiconductor, all of which are related to the direction of Internet of vehicles. " One primary market investor who focuses on the chip field said.

Among them, in addition to Zonghui Xinguang's supply relationship with Huawei, some media reports said that jewat, Shandong Tianyue and canqin technology have also entered Huawei's supply chain.

In addition, it is worth noting that although the investment frequency of Hubble is high and 13 companies have been invested since its establishment more than a year ago, the investment amount is relatively small. The investment amount of four companies, namely, Xingang coast, kunyou optoelectronics, Shensi and jiehuate, is less than 1 million yuan, with the investment ratio less than 10%.

However, although Hubble investment claims that it is not for financial investment, the return on several shares will be considerable.

According to the data, the unit price of Harper's share in canqin technology is 8 yuan, with a corresponding valuation of 2.4 billion yuan, while the expected market value of canqin technology innovation board can reach 15.2 billion yuan. The unit price of Harper's equity stake in srip is RMB 32.13, with a corresponding valuation of RMB 900 million. After the listing of srip, the market value is expected to reach more than RMB 4 billion, and the return is more than 4 times.

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