Electronic enthusiasts eight o'clock: After experiencing a series of bad news such as the Note7 explosion, the imprisonment of the head, and the decline in mobile phone sales, Samsung Electronics (SSNLF.OO) got rid of its excellent performance in the storage chip and display panel business. A year of chaos.

Samsung Electronics announced its second-quarter report on the 27th of this year. The company achieved operating income of 61 trillion won (10,000 won or 60.47 yuan), a year-on-year increase of 19.7%; operating profit reached a record 14.07 trillion won. , a year-on-year increase of 72.9%; net profit of 11.05 trillion won (about 66.8 billion yuan), an increase of 88.9%, the first quarter net profit exceeded Apple for the first time (analysts expect this quarter's net profit of about 55.2 billion yuan) .

In terms of sub-business, the mobile phone business contributed the most revenue. The sales of IT and mobile communications sector was 30.01 trillion won (about 26.969 billion US dollars), up 13% year-on-year; operating profit was 4.06 trillion won, down 6.0% year-on-year. .

Semiconductors contributed the most profit, and the panel business saw the largest increase in profits. Sales in the semiconductor division were 17.58 trillion won, up 46.5% year-on-year; operating profit was 8.03 trillion won, up 204.2% year-on-year.

Display panel sales were 7.71 trillion won, up 20.1% year-on-year; operating profit was 1.71 trillion won, a sharp increase of 1121.4% year-on-year.

Samsung Electronics said that its semiconductor business has seen significant growth in profitability due to tight supply, mainly benefiting from strong demand for high-density memory and solid-state drives, and the system semiconductor business has increased sales of mobile processors and image sensors.

Li Yaqin, deputy general manager of Qunzhi Consulting, told the First Financial Reporter that Samsung Electronics’ revenue scale has been larger than Apple’s in recent years. In recent years, with the joint promotion of semiconductors, OLED panels, LCD panels and other businesses, Samsung Electronics' profitability has improved significantly, and its net profit has begun to surpass that of Apple.

Samsung Electronics is currently the world's largest supplier of chips and OLED panels. Samsung Electronics relies on the growth of upstream chip and panel business to achieve a single quarterly net profit surpassing Apple.

Specifically, from the perspective of the semiconductor business, benefiting from the improvement in demand for solid-state hard disks and the transfer of some wafers, the supply and demand of DRAM (memory) and NANDFlash (flash memory) have tightened, and prices have continued to rise. As the performance of smartphones increases, the demand for DRAM and sensors continues to grow. Although semiconductor manufacturers such as Samsung and Hynix began to increase capital investment for expansion, Yuanshui could not save the thirst. It is expected that this tight supply and demand will continue into the second half of the year.

Samsung Electronics has split its foundry business in the second quarter of this year and will be independent from the LSI (system semiconductor) business. It will strengthen its flexible business capabilities, expand its foundry business in the open market, and strive for foundry customers. .

It is worth noting that Samsung Electronics has increased its investment in chips and flexible OLED panels. Samsung’s capital expenditure in the second quarter of this year was 12.7 trillion won, including 7.5 trillion won in semiconductor business and 45,000 in display panel business. 100 million won.

From the perspective of terminal products, the growth of Samsung's mobile phone business is mainly due to the hot sale of the S8 series, which is the world's first mobile phone with a flexible full-screen. Sigmaintell expects Samsung's mobile phone demand for flexible full-screens to reach 70 million units this year, far higher than other brands' demand. However, the shortcoming is that Samsung's low-end products are not competitive enough. In emerging markets, they face fierce competition from Chinese brands such as Xiaomi and OPPO, and their market share is declining.

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