Many people may not remember how happy the cabbage of 8GB memory 199 yuan is, after all, from 2016, the price increases, memory, flash chip's price increase has lastucted, and 8GB memory strips have risen from more than 200 pieces. More than 300, more than 500, more than 700, the peak period or even approach the thousand yuan mark, today's memory price is close to three or four times ago, the price of the price will make other electronic products to sweat, used for two years of memory selling second-hand The story that can also make money is staged. For the root cause of this price increase, there are many articles in the previous article. Today is special - 2 years, Samsung, Magoguang, SK HYNIX and other companies have earned how much money? Don't know, I am scared!
Memory, flash memory price for two years, Samsung, SK Hynix, how much is Meiku?
If you start from 2016 Q2, how to calculate the memory, how much makes the manufacturer make the manufacturer? We make a simple calculation based on the official information published by the official, and the three companies, Samsung, SK HYNIX and Miguang, who have DRAM memory, NAND flash business, and it is not low, and there is also Toshiba, Sni, Intel's three companies dominated by NAND flash memory, Intel is because the share is less than 10%, the influence is low, and the richness is because the financial report is merged into the west, and there is no separate NAND business data. Toshiba NAND business is also Not listed separately in the financial report (with the electronic product), but we will simply estimate.
The following data is Operating INCOME. It is not a profit, nor net profit, and the choice is mainly because - first Samsung Electronics did not announce the specific net profit for each child business, and the total net profit cannot be reflected. Make money in the memory of the chip. Second, net profit is the ultimate situation of the company's profit and loss, but net profit does not always reflect the company's revenue, and it is possible to net loss in the case of product selling. In turn, there are also in the case, while operating profit energy It is better to refacting the operation of some business.
First, we will see that the performance of Magoguang has been in the past two years. Their financial report is American fiscal year. On September 1, the deadline of fiscal year, the form is converted into a calendar year, but there will be a certain deviation, 2018 The Q1 quarter is actually as of March 1.
In the first three quarters of 2016, the days of Miguang were very miserable. Operation profits were losses. At that time, the beauty was also trapped in the 20nm memory chip production capacity upgrade. The progress was not smooth, and in the first half of the year, the flash memory was falling, so It is a loss, but since the Q4 quarter has encountered a good thing, the season operation profit will rise to 2.25 billion yuan, then it is a big rose, this year's Q1, the operating profit reached 22.39 billion yuan, it is more than a year. More than 10 times before.
In these 8 quarters, Meikuang operation profits totaled 62.55 billion yuan. Of course, if you calculate the gross profit (product camp is reduced), there is a total of 1.1 million yuan.
The beautiful light in front is the weakest in the above three, then look at SK HYNIX performance, compared with Miguang, they have not lost their fortune in 2016, but Q2, the operating profit will also have a level of 2.7 billion, Q3 to Q4 is beginning to encounter Price, operational profits rose, Q4 reached 9.15 billion yuan, still rising rockets in 2017, last year's Q4 has reached 26.6 billion yuan of operational profits, but also 10 times before it has not risen ... ...
This year's Q1 quarter financial report has not yet been announced, but the memory market is still "a big good", and the price increase is 5%, and it is expected to reach 27.7 billion in SK Hyix, and the total operating profit can be reached two years. 125.8 billion yuan, if you count the gross profit, then 168.7 billion yuan.
Magic, SK HYIX is still a small fish, the real memory, the flash giant is Samsung, so the two operational profits is really a little witch than the Samsung, please let Samsung began to perform:
It should be noted that the Samsung semiconductor service is not all the memory chip, and the processor, but although the memory chip is separated from other chips in Samsung, there is no distinguishing profit in the financial report, but storage The chip accounts for at least 80% of the revenue of Samsung semiconductor business, and the profit is not lower than this ratio.
The operating profit of Samsung semiconductor business is too large, and it is very thin. Samsung earned operational profits since the 8 quarters, probably 34.205 billion yuan, even if the memory chip is 20% off, then 273.6 billion yuan, far tall Sk Hynix and beautiful light.
What is this concept? The profit of 2 years of memory chip manufacturers is 10 times from Huawei
Preliminary estimation, Samsung, SK Hynix, Miguang earned 46 million in the two-year storage chip price increase, Toshiba, Sainte, Intel, and the three in NAND added up with Samsung. NAND value is lower than DRAM, and the three years of operating profit are around 1000-150 billion, then the mainstream storage chip manufacturers in this wave have earned 600 billion yuan in this wave of price. Not necessarily accurate, but it is already possible to help us assess the price of price increases.
What is the concept of 600 billion operating profits? Among China's technology companies, Huawei is a first-class, regardless of the revenue, and the ability to make money, before recently released the 2017 financial report, the annual revenue is 603.6 billion yuan, a year-on-year increase of 16%; operating profit 56.38 billion, year-on-year Increasing 23%, net profit was 47.5 billion yuan, an increase of 28% year-on-year. In contrast to this, the total operating profit of several memory chips arrived at Huawei's annual revenue, and the operation profit was 10 times more Huawei 2017. It is necessary to know that Huawei's business profit margin is around 9%. The gross profit margins of these three semiconductor companies can reach 55-60%, and the operating profit margin can reach 45-50%, and their operating profit margin is still not more than a year ago. 20%, how big is the impact of visible price increases.
The domestic goods are self-improvement, but the front road is hard, and the temper is not eaten.
Even if the operator announced, the statistics of other channels also explain the impact of the price increase in the Chinese market in the past two years - data from South Korea's customs indicates that the company's semiconductor chip export is 99.71 billion US dollars, a year-on-year growth of 60.2 %, Where the storage chip export increased by 90.7%, reaching 67.2 billion US dollars, accounting for the vast majority of share. In the semiconductor exporter, China accounted for $ 39.35 billion, from 2005 to the first export of Korean semiconductor chips, considering that China's self-production in the storage chip market is close to 0, this part of the imports are almost all China's deficit. , South Korea's survival.
From January to February 2018, South Korea's semiconductor chip exports continued to increase by 47.3%, with a total value of $ 19 billion. At present, the storage chip market still does not stop the rise, NAND flash memory has been stable because of the improvement of capacity, and some products have even decreased slightly, and memory price reduction is still not seen. This year's Q1 quarter memory contract price still rising 5%, the trend of Q2 quarter is not obvious, but the price reduction is not the crucifix, the industry is expected to be possible to cut prices in the second half of this year - but don't be too early for price reduction, because the memory chip has increased the price increased high price The price reduction is also a long-term process, which is degraded to everyone's expected cabbage.
What should I do now about players? Every time you write here, this answer is really helpless - players don't have any way for this problem, even if the DIY players boycott PC memory is also impossible to affect the current situation, this wave memory / flash The reason is to say that two years ago, mobile memory, server memory demand, especially the demand for Chinese mobile phone manufacturers, they want to stock, it is impossible to purchase memory chips, compared to the DIY player's influence is too weak.
For Chinese consumers, thoroughly change this problem or need our own memory chip production capacity. Only by increasing new competitors can change the existing a large, oligarchy. The good news is that the domestic storage chip is already on the road. NAND flash memory is expected to begin to break out in the second half of this year, DRAM memory chips are highly difficult to produce DDR3 particles because of the technical difficulty, and DDR4 granules have been introduced in the second half of this year. In addition to the purple light, Hefei Changxin, Fujian Jinhua, Zhaoyi innovation also participates in memory production, but they are impossible to take out available memory, solve technical problems, improve production capacity, etc. It is impossible to get it before 2019. It will be a long-term process, and it takes a long time to cultivate a competitive industry. It doesn't have 5 to 10 years of touching, and Chinese companies do not exercise in the storage chip market.
In short, although Samsung, Magic, SK HYNIX and other storage chips have made extremely excellent results in a way that does not make consumers comfortably, earn a pot full, count the number of money to hand cramps, but the root caused behind Still derived from their powerful strength, strong to the downstream manufacturer, even if it is not satisfied, it will be inseparable from the big airplane market, and the aircale can provide competitive products. Of course, in this area is certain, only However, this process is not smooth, and it is far away.
Original address: https://www.eeboard.com/news/neicun-15/
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