Dongshan precision net profit increased by 74.69% LED business contributed little
[High-tech LED News] Dongshan Precision's 2011 first-quarter financial report shows: 2011 company's operating income of 277.77 million yuan, an increase of 62.33%, net profit of 31.7 million yuan, an increase of 74.69%. Earnings per share of 0.20 yuan.
Dongshan Precision's first quarter 2011 results contributed mainly to traditional communications and semiconductor equipment. The company's traditional business in the first quarter increased by about 104% year-on-year. Ping An Securities expects that the company's annual traditional business revenue growth is expected to exceed 60%.
Since the traditional business contributes revenue in the first quarter, the cost of the new business needs to be amortized. Therefore, the sales management expense ratio is still relatively high, which affects the profit rate.
On the same day, Dongshan Precision also announced that the company has established Suzhou Chenggan Precision Manufacturing Co., Ltd. with its own capital of 80 million yuan. Among them, the investment was 25 million yuan, and the subsequent capital injection was put in place within 2 years. This investment is the company's further expansion of the company's market share in high-end precision equipment such as semiconductors.
It is understood that Dongshan precision LED LCD TV backlight and backplane are expected to start small batch supply in late April, some models will be available in volume in May; according to product development progress, 2-3 models of LCD TV LED backlights are expected in the second quarter. The batch production will be expanded to 5-6 in the third quarter, and it is expected to further expand to 7-10 in the fourth quarter. According to the mass production process, the LED backlight revenue contribution in the second quarter is not expected to be very high; Ping An Securities believes that Dongshan Precision The TV has a relatively high cost performance and has a good market prospect. Actual sales are subject to observation.
Risk warning: There is a certain uncertainty in the mass production scale of LED backlights.
Dongshan Precision's first quarter 2011 results contributed mainly to traditional communications and semiconductor equipment. The company's traditional business in the first quarter increased by about 104% year-on-year. Ping An Securities expects that the company's annual traditional business revenue growth is expected to exceed 60%.
Since the traditional business contributes revenue in the first quarter, the cost of the new business needs to be amortized. Therefore, the sales management expense ratio is still relatively high, which affects the profit rate.
On the same day, Dongshan Precision also announced that the company has established Suzhou Chenggan Precision Manufacturing Co., Ltd. with its own capital of 80 million yuan. Among them, the investment was 25 million yuan, and the subsequent capital injection was put in place within 2 years. This investment is the company's further expansion of the company's market share in high-end precision equipment such as semiconductors.
It is understood that Dongshan precision LED LCD TV backlight and backplane are expected to start small batch supply in late April, some models will be available in volume in May; according to product development progress, 2-3 models of LCD TV LED backlights are expected in the second quarter. The batch production will be expanded to 5-6 in the third quarter, and it is expected to further expand to 7-10 in the fourth quarter. According to the mass production process, the LED backlight revenue contribution in the second quarter is not expected to be very high; Ping An Securities believes that Dongshan Precision The TV has a relatively high cost performance and has a good market prospect. Actual sales are subject to observation.
Risk warning: There is a certain uncertainty in the mass production scale of LED backlights.
3.00mm Board To Board Connector
Shenzhen CGE Electronics Co.,Ltd , https://www.cgeconnector.com