Digital currency issued by SMIC

1. The Chinese version of CBDC is described as digital RMB, which is issued by the people's Bank of China, operated by designated operators and exchanged to the public. It is based on the generalized account system, supports the loose coupling function of bank accounts, is equivalent to banknotes and coins, and has value characteristics and legal compensation
what we call DC / EP is the Chinese version of the central bank's digital currency, translated as "digital currency and electronic payment instruments"
the center for International Settlements (BIS) and the Committee on payment and market infrastructure (CPMI), two authoritative international organizations, jointly concted two questionnaires on more than 60 central banks in 2018 and 2019. The content of the questionnaire includes the work progress of central banks on digital currency, the motivation of studying digital currency and the possibility of issuing digital currency. 70% of central banks said they are (or will be) involved in the research of digital currency
response time: October 13, 2020. Please refer to the official website of Ping An Bank for the latest business changes

[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~

https://b.pingan.com.cn/paim/iknow/index.html

2. There are risks in the stock market, so we should be cautious when entering the market
688981. SMIC international is a stock listed on the science and Technology Innovation Board of Shanghai Stock Exchange. The listing date is July 16, 2020, and the issue price is 27.46 yuan. As of today's closing, the latest price is 64.56 yuan, which is more than 100% higher than the original price
the highest price on the day of listing is 95 yuan, It's also the highest price so far

3.

Smic-u is the stock or depository receipt of SMIC

the exchange shall mark the stocks or depository receipts of the issuers that are not profitable at the time of listing on the science and technology innovation board and have different voting rights. If the issuers are not profitable, the special mark of the stocks or depository receipts shall be "U"; According to the report of securities companies, SMIC's current Pb of Hong Kong stock is only 1.62 times, and its valuation is below the reasonable valuation

the issuance of science and Technology Innovation Board will enhance the company's valuation in Hong Kong stock market. With the full intervention of capital, the company's value will continue to rise. On July 16, 2020, SMIC International (688981) landed on the science and technology innovation board. On the first day, it closed up 201.97% to 82.92 yuan, with a turnover rate of 53.08%. The turnover reached 47.97 billion yuan, accounting for nearly 50% of the total turnover of all stocks on the science and technology innovation board, ranking the fourth largest single stock turnover in the history of A-share market

extended information:

SMIC has also provided customer service and set up marketing offices in the United States, Europe and Japan, and set up representative offices in Hong Kong. In addition, on behalf of Wuhan Xinxin integrated circuit manufacturing Co., Ltd. management of a 300 mm chip factory. SMIC has grown to be the largest Chinese mainland with the highest technology level and the world's fourth largest chip foundry company since its inception. p>

financial report data:

statistics of the whole year show that in 2016, SMIC's total international sales reached US $2.9 billion, a new high, and its revenue increased by 30.3% year on year. Among them, the net profit margin and SMIC's profit share reached a new high of 11% and $376.6 million respectively

4. Dalian Huaxun on July 5 news, SMIC International (688981) back to a shares came heavy news, science and technology innovation board listing price is determined to be 27.46 yuan, the size of the issue more than 5 billion yuan, according to the "business guidelines", the issue of joint sponsor related subsidiaries with investment ratio of 2%, but not more than 1 billion yuan
according to the announcement of SMIC International's initial public offering and listing on the science and technology innovation board, according to the preliminary inquiry results, the issuer and the co lead underwriters comprehensively consider the issuer's fundamentals, the number of shares in this public offering, the instry of the issuer, the valuation level of comparable listed companies, the market situation, the demand for raised funds and the underwriting risk, Through negotiation, the issue price is 27.46 yuan / share, and offline issue will not conct cumulative bidding inquiry
Dalian Huaxun learned that all the shares in this public offering are new shares, with an initial number of 1685.62 million shares, accounting for 23.62% of the total share capital after the issue (before the exercise of the over allotment option). The issuer grants Haitong Securities 15% of the initial issuance scale of the over allotment option. If the over allotment option is fully exercised, the total number of shares issued will be expanded to 1938.463 million, accounting for 26.23% of the total share capital after the issuance (after the over allotment option is fully exercised). All the new shares are issued to the public, and the shareholders of the company do not offer shares to the public
according to public information, SMIC is headquartered in Shanghai and has a global manufacturing and service base. We have a 300 mm wafer factory, a 200 mm wafer factory and a 300 mm advanced process wafer factory in Shanghai; We have a 300 mm wafer factory and a 300 mm advanced process wafer factory in Beijing; One 200 mm wafer plant in Tianjin and one in Shenzhen; There is a joint venture factory of 300 mm bump processing in Jiangyin
according to the data of Dalian Huaxun, the revenue of SMIC in 2019 is about 3.116 billion US dollars, and the gross profit rate is 20.6%; The attributable net profit was about US $235 million, and the profit before tax, interest, depreciation and amortization was US $1.37 billion, a record high.

5.

July 16

SMIC International's road back to a set a number of scientific and technological innovation board records. From the acceptance to the meeting, it took only 19 days, which can be called & quot; After a while;, It takes only 45 days from submission of listing application to formal listing; On July 16, the first day of SMIC's listing, the opening price was 95 yuan / share, up 245.96% from the issue price, with a market value of 678 billion yuan, which is the largest IPO of a shares in the past decade; The total amount of funds raised this time is up to 53.2 billion yuan, which is proper; Fundraiser

SMIC is the largest and most advanced chip manufacturer in China, and the first wafer foundry in the mainland to provide 14 nanotechnology nodes. At present, only four wafer foundry enterprises have the technical ability to provide 14 nanotechnology nodes in the world. Technology CEO Liang Mengsong led the team to achieve mass proction of 14 nanometers in only 298 days. This technological breakthrough has changed the ever widening gap between SMIC international and TSMC, and narrowed the gap to 2-3 generations

It is reported that SMIC currently has 2530 R & D personnel, with 20.52% of them being masters and doctors. In 2019, the R & D cost will be 4.744 billion yuan, about 1 / 5 of TSMC; According to the prospectus, in 2019, SMIC's revenue was $31.16, about 1 / 10 of TSMC's; The net profit is 235 million US dollars, about 1 / 50 of TSMC; The gross profit margin is 20.83%, about 1 / 2 of TSMC

according to the data disclosed in SMIC's IPO prospectus, the average salary of R & D personnel in 2019 is 367000 yuan. In the same year, the median salary of SMIC international was 383000 yuan

6. First of all, it is necessary to open the authority of the science and technology innovation board, because SMIC is listed on the science and Technology Innovation Board of Shanghai Stock Exchange. Second, it is necessary to hold the stock market value of Shanghai Stock Exchange. The average daily market value of the 20 trading days before last Friday should be more than 10000, in order to be eligible to participate in the subscription.

7.

The exchange shall mark the shares or depository receipts of the issuers that are not profitable at the time of listing on the science and technology innovation board and have different voting rights. If the issuers are not profitable, the special mark of the shares or depository receipts shall be "U"; According to the report of securities companies, SMIC's current Pb of Hong Kong stock is only 1.62 times, and its valuation is below the reasonable valuation

the issuance of science and Technology Innovation Board will enhance the company's valuation in Hong Kong stock market. With the full intervention of capital, the company's value will continue to rise. On July 16, 2020, SMIC International (688981) landed on the science and technology innovation board. On the first day, it closed up 201.97% to 82.92 yuan, with a turnover rate of 53.08%. The turnover reached 47.97 billion yuan, accounting for nearly 50% of the total turnover of all stocks on the science and technology innovation board, ranking the fourth largest single stock turnover in the history of A-share market

{rrrrrrr}

extended information:

as of May 2009, SMIC has built one 300 mm chip factory and three 200 mm chip factories in Shanghai, two 300 mm chip factories in Beijing, one 200 mm chip factory in Tianjin, one 200 mm chip factory in Shenzhen and one package test factory in Cheng

SMIC also provides customer service and marketing offices in the United States, Europe and Japan, and has a representative office in Hong Kong. In addition, on behalf of Wuhan Xinxin integrated circuit manufacturing Co., Ltd. management of a 300 mm chip factory. SMIC has grown to be the largest Chinese mainland with the highest technology level and the world's fourth largest chip foundry company since its inception. p>

8.

Circulating shares did not exceed the total share capital, normal

some listed companies, through the share reform, transfer the vast majority of their share capital to the market and turn them into circulating shares. This is good for the enterprise and the market. Only by combining the actual situation of indivial stocks can we have a final conclusion

for the stocks with small circulation, the general makers will be more likely to hold shares, and the fluctuation will be relatively large. The circulation of large stocks, naturally, is not easy to control the market makers, fluctuations will be small. After all, the stock itself also needs capital to impact. However, the key still depends on the stock to raise material to grade plate

the total number of shares is fixed unless they are issued and rationed. If there are too many buyers, the price will rise sharply. If there are too many buyers, they will be willing to sell. At this time, if the sales are balanced, they will not rise, and if they sell more than they buy, they will fall

extended information:

relationship between total share capital and circulating share capital:

total share capital is the total number of shares issued by a joint stock company, and circulating share capital may only be a part of it. For fully circulating shares, total share capital = circulating share capital

full circulation is the goal of China's non tradable share structure reform in recent years, and it is a major measure to ensure the normal development of China's stock market. Full circulation solves the problems of complex and unreasonable ownership structure of the company, and ultimately the large and small shareholders of the company are standing on a starting line