With its stock price surging over sixfold in one year, is SKSHU a powerhouse bull—or a runaway bull?

In 2019, SKSHU achieved RMB 5.972 billion in revenue, a 66.64% year-on-year increase; net profit reached RMB 406 million, up 82.55% year-on-year. In comparison, Orient Yuhong reported RMB 18.154 billion in revenue for 2019—a 29.25% increase year-on-year—and net profit of RMB 2.066 billion, up 38.25% year-on-year. While Orient Yuhong’s growth remains robust, its revenue is nearly three times larger and its profit more than five times greater than SKSHU’s. As of market close on July 20, SKSHU’s total market capitalization stood at RMB 30.61 billion—just 35.65% of Orient Yuhong’s RMB 85.87 billion. Based on 2019 performance and current share prices, Orient Yuhong trades at a P/E ratio of 14.8x, whereas SKSHU’s P/E stands at 75.4x—over five times higher! —By Duan Chuanmin, Analyst, Pan-Home Furnishings Marketing Intelligence Think Tank Since its ex-dividend date at the end of June 2019, SKSHU has embarked on its journey toward becoming a ‘bull stock.’ This year, its ascent could only be described as ‘frenzied.’ On June 18 (the ex-dividend date for 2018), SKSHU’s share price began rising from around RMB 26. In the second half of the year, it surged to a peak of RMB 61.24—an increase of 2.36-fold. At that point—including SKSHU’s senior management—many believed this marked its ceiling. A telling sign came on December 3, when SKSHU announced that Lin Dedian, Vice President in charge of marketing, intended to sell up to 100,000 unrestricted tradable shares (0.05% of total shares outstanding, or 15.67% of his holdings) via centralized bidding within six months starting 15 trading days after the announcement, citing ‘personal financial needs.’ This announcement was made on November 22—less than two weeks after the stock peaked at RMB 61.24. Had Lin Dedian successfully sold his shares by year-end 2019, he would likely regret it deeply. Starting January 2, 2020, SKSHU’s share price rose from around RMB 58, climbing steadily over six months to reach RMB 129.55 on June 11—a 2.23-fold gain. Following its ex-dividend adjustment on June 29, the stock resumed its upward march from RMB 87.12, hitting RMB 120.88 on July 20 (closing at RMB 137.39)—a further 39% rise. This means that, factoring in the ex-dividend adjustment, SKSHU appreciated nearly 100% (96.16%) over just six months, reaching an adjusted price of RMB 170.90. Calculated from its 2019 ex-dividend date, the stock’s value has surged 6.57-fold in just over one year—not including the RMB 0.66 per-share dividend. So, does the entire coatings industry enjoy such explosive growth? Let’s examine Orient Yuhong (stock code: 002271), China’s largest coatings company. From its ex-dividend date on June 12, 2019—when the share price stood at RMB 20.79 (with a cash dividend of RMB 3.00 per 10 shares, no bonus shares, and no capital reserve conversion)—the stock rose modestly to a high of RMB 25.68 during the year, representing only a 23.52% gain. By July 20, 2020, it had climbed to RMB 56.30 (closing at RMB 54.70), more than doubling for the year. Cumulatively, Orient Yuhong appreciated 2.71-fold over this period. Why, then, does SKSHU—the industry’s No. 2 player—enjoy such strong investor favor compared to Orient Yuhong—the undisputed leader?

The most comprehensive roundup online! Uncovering the sensor industry leaders affiliated with Fudan University.

Zhang Yifeng, Director and General Manager: He earned his bachelor’s degree in Applied Electronics Technology from the School of Communication Engineering at Xi’an University of Electronic Science and Technology, and his MBA from the School of Management at Fudan University. With over 20 years of experience in R&D and management in the integrated circuit (IC) chip industry, Zhang has worked at Huahong NEC, Huahong Grace, and Boya Technology, gaining extensive hands-on expertise across the full IC value chain—including wafer fabrication, IC design, and IC testing. Wang Yang — Founder of Kunshan XinXinAn (Photo: Wang Yang is the person on the right) Kunshan XinXinAn specializes in design-for-test (DFT) services for semiconductor products, wafer-level testing, and final-test solutions. It offers mature, comprehensive test solutions and mass-production test operations for RF, high-end analog, and complex SoC chips. Wang Yang, founder of Kunshan XinXinAn, graduated from Fudan University’s Microelectronics program and brings nearly two decades of experience in the semiconductor industry. Shi Lei — Vice Chairman and President of Tongfu Microelectronics Co., Ltd. Tongfu Microelectronics was founded in October 1997 and listed on the Shenzhen Stock Exchange in August 2007. Globally, among semiconductor packaging and testing companies, China’s JCET ranks third and Tongfu sixth; domestically, Tongfu is the second-largest semiconductor packaging and testing firm. Shi Lei, who holds a Ph.D. from Fudan University, serves as both Vice Chairman and President. According to the company’s official website, Shi Lei was born in November 1972, holds a doctorate, and is a Senior Engineer. His father, Shi Mingda, is Tongfu’s Chairman. Reportedly, as a ‘second-generation entrepreneur,’ Shi Lei did not join Tongfu immediately after graduating from university in 1997. Instead, his father ‘sent him away’ to cities like Shenzhen and Shanghai to independently develop business and confront the market firsthand. Not until 2006 did Shi join Huada Group—a subsidiary of the Tongfu Group—to oversee daily operations. He officially joined Tongfu Microelectronics at the end of 2008. Wang Qingyu — CEO of Simgui Technology and Executive Vice President of Shanghai Silicon Industry Group Simgui Technology is currently China’s leading SOI (Silicon-on-Insulator) materials production base and one of the world’s few large-scale SOI material suppliers. Since January 2016, Dr. Wang Qingyu—who holds a B.S. in Physics and a Ph.D. in Physical Chemistry from Fudan University—has served as CEO of Simgui Technology. Since April 2019, he has also held the position of Executive Vice President at Shanghai Silicon Industry Group. According to the company’s official website, Dr. Wang is a seasoned semiconductor industry veteran with 29 years of experience spanning R&D, manufacturing, operations, and public-company management. Prior to joining Simgui, Dr. Wang served as President and Executive Director of Shanghai Advanced Semiconductor Manufacturing Corporation. He has also held leadership roles including General Manager of ANADIGICS China, Vice President of Shanghai Belling Co., Ltd., and Senior Manager and Special Assistant to the Senior Operations VP at Semiconductor Manufacturing International Corporation (SMIC). Bai Jiu — Chairman of Hongxin Gas Hongxin Gas was established in May 2019 and focuses on electronic bulk gases. The company delivers innovative, high-quality, end-to-end electronic gas solutions to semiconductor manufacturers. Chairman Bai Jiu graduated from the EMBA program at Fudan University’s School of Management in 2016. Bai Jiu spent nearly two decades with Linde Group—the global industrial gas giant—serving as General Manager of Linde China’s Electronics Business Unit.

Linde VP Sells 9,350 Shares of Stock

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Linde PLC VP Guillermo Bichara sold 9,350 shares worth $4.85 million for tax withholding following strong quarterly earnings. The company reported EPS of $4.59 and declared a $1.60 dividend.

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