LED contributes less to the main industry Xiamen Xinda's new production line is relatively late?
In recent years, affected by the support of national policies, the LED industry has shown rapid development and attracted a large amount of capital from the society, and new manufacturers have emerged. The recent refinancing plan of Xiamen Xinda (000701) shows its development ideas for the LED industry.
However, this issuance plan does not seem to be recognized by the market. On the day of the announcement, Xiamen Xinda opened lower and went lower. After a few days of decline, the stock began to fall again and rebounded slightly. The market also adjusted whether the industry of Xiamen Xinda was right. The company's business will become a highlight and so on.
Is the new LED production line late?
Xiamen Xinda plans to increase 80 million shares by 9.72 yuan/share, and raise 700 million yuan for Anxi LED package new project, Xiamen LED application product expansion project, RFID product design and production line expansion project, of which 538 million yuan In the LED project, the visible light industry is the focus of the company's additional issuance.
As usual, it is a big plus for listed companies to increase investment and expand new projects. But why is it not good to Xiamen Xinda? The reporter interviewed an insider who did not want to sign. He said that Xiamen Xinda may consider that the trade income is greatly affected by the macroeconomic environment, and the fluctuation of performance is not conducive to the stable development of the company. Therefore, the industrial structure is adjusted.
However, in the face of the fixed-income program, especially the construction of LED projects, the person does not agree with the company's approach: First, the LED industry is at risk of overcapacity. After several years of development, there are more than 1,200 LED packaging companies in China. In the market demand. Second, the market competition is increasingly fierce. With many packaging companies and small scales, gross profit margins continue to fall, and industrial concentration is not high. Many LED lighting companies have recently actively sought IPOs to solve the financing difficulties while still winning the scale. In addition, the most important thing is that the current domestic leading enterprises are developing rapidly. The listed company Guoxing Optoelectronics (002449) is one of the top three packaging companies. The proposed Mulinsen is also a big fan of the LED packaging industry. It is a domestic LED package. And the main supplier of application products. Hongli Optoelectronics (300219) and Lehman Optoelectronics (300162) also have first-mover advantages in the industry. Third, upstream enterprises have extended the industrial chain to compete for the market into a general trend. Although Sanan Optoelectronics (600703) is mainly engaged in LED epitaxial wafers and chips, it also extends downstream. Its LED packaging and application products are also an effective supplement to the profit structure.
Therefore, in the absence of a first-mover advantage, Xiamen Xinda now chooses a new production line, regardless of capacity digestibility. The two-year construction period is not short, and the probability of a latecomer is too small. The source suggested that if Xiamen Xinda is determined to seek development in the LED packaging business, it is more appropriate to directly use the funds to acquire mature companies in the industry.
The competitiveness of the optoelectronic industry is not strong.
Xiamen Xinda LED industry contributes less to the main industry. Trade income is the main source of profit. In 2012, trade realized revenue of 14.07 billion yuan. In the first half of 2013, trade revenue was 10.44 billion yuan, a year-on-year increase of 30.28%, and revenue accounted for 98.06%. The company pointed out that Xiamen Xinda Optoelectronics Co., Ltd. is one of the representative enterprises producing LED products in China. The production capacity of Xinda Optoelectronics' packaging production line has expanded, and the scale benefits have emerged. The quality of LED lighting products and LED tubes for display screens has reached the industry leading level. Production capacity and shipment volume rank among the top in the country. However, in the first half of 2013, the company's optoelectronic business achieved operating income of 144 million yuan, accounting for only 1.5% of revenue, a growth rate of 19%. Although the three quarterly reports pre-increase 160% to 200%, but did not mention the impact of information products (including the LED industry) on performance, only that the growth is due to the relatively large investment income of equity transfer.
The LED industry of Xiamen Xinda is still in the initial stage of development. In November 2012, Xinda Optoelectronics, a subsidiary of Xiamen Xinda, plans to invest in the construction of LED packaging and application products in Quanzhou (Hutou) Optoelectronic Industrial Park in Fujian. The total investment of the project is 500 million yuan, with a total construction period of 2 years. The output value is about 500 million yuan.
It is believed that Xiamen Xinda is also aware of the impact of construction time. At the same time, the construction of the new line also started the merger and acquisition work, but the size of the M&A company is still small, and the unstable performance also worried investors. After the announcement of the fixed increase plan, on September 18, the company announced that its subsidiary, Cinda Optoelectronics, will acquire a 65% stake in Shenzhen Anpuguang for RMB 57.328 million. Shenzhen Anpuguang is mainly engaged in R&D, production and sales of LED and LED optoelectronic products. The company achieved a net profit of 16.8 million yuan in 2012 and a net profit of 1,973,600 yuan in the first half of 2013. Investors question why performance volatility is so big? Is the 12-year performance inflated? Or was it a serious decline in the first half of the year? Which data can reflect the company's true normal profit level?
Only look at the prospects of RFID projects in the issuance plan
China's Internet of Things construction is currently in the accelerated phase. In 2012, it increased by 38.6% year-on-year to 365 billion yuan, which is equivalent to 30 times that of the Internet. Some agencies predict that by 2020, the Internet of Things and the current communication network will reach 30 times the communication network. On September 17, 10 “Special Action Plans for the Development of Internet of Things†were released. On September 26th, the convening of the Fourth Internet of Things Conference stimulated the trend of related stocks.
The concept of the Internet of Things involved in Xiamen Xinda is optimistic about investment, but it will take time to make a substantial contribution to profits. Xinda IOT, a subsidiary of 80% of the shares, is mainly engaged in radio frequency automatic identification systems and electronic tags. According to the data, in 2012, Cinda IOT's revenue was 47.226 million yuan, a year-on-year increase of 4.52%, and the total profit was 519,000 yuan. In the first half of 2013, Cinda’s revenue was 21.151 million yuan. For the time being, it does not mention that its revenue growth is relatively small. Compared with Xiamen Cinda's 2013 interim revenue of 10.648 billion yuan, the revenue from radio frequency identification is less than 0.2%.
Xiamen Xinda's plan is to invest 149 million yuan in RFID product design and production line expansion projects. The construction period will be 2 years. After the project is put into production, the annual profit will reach 23.47 million yuan, although it will become the company's new profit growth point, but Is it easy to seize the future market after 2 years? Facing the forerunners such as Yuanwang Valley, New World, Dahua Intelligent, and Gaohong, the challenge that Xiamen Xinda meets is still arduous.
The reporter saw that the 2013 China Daily disclosed that among the top ten tradable shareholders of Xiamen Xinda, there were no funds, brokers, trusts and other institutions. The previous trust Zhongrong Enhanced No. 20 (holding 667,100 shares) has been withdrawn in the current period.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
However, this issuance plan does not seem to be recognized by the market. On the day of the announcement, Xiamen Xinda opened lower and went lower. After a few days of decline, the stock began to fall again and rebounded slightly. The market also adjusted whether the industry of Xiamen Xinda was right. The company's business will become a highlight and so on.
Is the new LED production line late?
Xiamen Xinda plans to increase 80 million shares by 9.72 yuan/share, and raise 700 million yuan for Anxi LED package new project, Xiamen LED application product expansion project, RFID product design and production line expansion project, of which 538 million yuan In the LED project, the visible light industry is the focus of the company's additional issuance.
As usual, it is a big plus for listed companies to increase investment and expand new projects. But why is it not good to Xiamen Xinda? The reporter interviewed an insider who did not want to sign. He said that Xiamen Xinda may consider that the trade income is greatly affected by the macroeconomic environment, and the fluctuation of performance is not conducive to the stable development of the company. Therefore, the industrial structure is adjusted.
However, in the face of the fixed-income program, especially the construction of LED projects, the person does not agree with the company's approach: First, the LED industry is at risk of overcapacity. After several years of development, there are more than 1,200 LED packaging companies in China. In the market demand. Second, the market competition is increasingly fierce. With many packaging companies and small scales, gross profit margins continue to fall, and industrial concentration is not high. Many LED lighting companies have recently actively sought IPOs to solve the financing difficulties while still winning the scale. In addition, the most important thing is that the current domestic leading enterprises are developing rapidly. The listed company Guoxing Optoelectronics (002449) is one of the top three packaging companies. The proposed Mulinsen is also a big fan of the LED packaging industry. It is a domestic LED package. And the main supplier of application products. Hongli Optoelectronics (300219) and Lehman Optoelectronics (300162) also have first-mover advantages in the industry. Third, upstream enterprises have extended the industrial chain to compete for the market into a general trend. Although Sanan Optoelectronics (600703) is mainly engaged in LED epitaxial wafers and chips, it also extends downstream. Its LED packaging and application products are also an effective supplement to the profit structure.
Therefore, in the absence of a first-mover advantage, Xiamen Xinda now chooses a new production line, regardless of capacity digestibility. The two-year construction period is not short, and the probability of a latecomer is too small. The source suggested that if Xiamen Xinda is determined to seek development in the LED packaging business, it is more appropriate to directly use the funds to acquire mature companies in the industry.
The competitiveness of the optoelectronic industry is not strong.
Xiamen Xinda LED industry contributes less to the main industry. Trade income is the main source of profit. In 2012, trade realized revenue of 14.07 billion yuan. In the first half of 2013, trade revenue was 10.44 billion yuan, a year-on-year increase of 30.28%, and revenue accounted for 98.06%. The company pointed out that Xiamen Xinda Optoelectronics Co., Ltd. is one of the representative enterprises producing LED products in China. The production capacity of Xinda Optoelectronics' packaging production line has expanded, and the scale benefits have emerged. The quality of LED lighting products and LED tubes for display screens has reached the industry leading level. Production capacity and shipment volume rank among the top in the country. However, in the first half of 2013, the company's optoelectronic business achieved operating income of 144 million yuan, accounting for only 1.5% of revenue, a growth rate of 19%. Although the three quarterly reports pre-increase 160% to 200%, but did not mention the impact of information products (including the LED industry) on performance, only that the growth is due to the relatively large investment income of equity transfer.
The LED industry of Xiamen Xinda is still in the initial stage of development. In November 2012, Xinda Optoelectronics, a subsidiary of Xiamen Xinda, plans to invest in the construction of LED packaging and application products in Quanzhou (Hutou) Optoelectronic Industrial Park in Fujian. The total investment of the project is 500 million yuan, with a total construction period of 2 years. The output value is about 500 million yuan.
It is believed that Xiamen Xinda is also aware of the impact of construction time. At the same time, the construction of the new line also started the merger and acquisition work, but the size of the M&A company is still small, and the unstable performance also worried investors. After the announcement of the fixed increase plan, on September 18, the company announced that its subsidiary, Cinda Optoelectronics, will acquire a 65% stake in Shenzhen Anpuguang for RMB 57.328 million. Shenzhen Anpuguang is mainly engaged in R&D, production and sales of LED and LED optoelectronic products. The company achieved a net profit of 16.8 million yuan in 2012 and a net profit of 1,973,600 yuan in the first half of 2013. Investors question why performance volatility is so big? Is the 12-year performance inflated? Or was it a serious decline in the first half of the year? Which data can reflect the company's true normal profit level?
Only look at the prospects of RFID projects in the issuance plan
China's Internet of Things construction is currently in the accelerated phase. In 2012, it increased by 38.6% year-on-year to 365 billion yuan, which is equivalent to 30 times that of the Internet. Some agencies predict that by 2020, the Internet of Things and the current communication network will reach 30 times the communication network. On September 17, 10 “Special Action Plans for the Development of Internet of Things†were released. On September 26th, the convening of the Fourth Internet of Things Conference stimulated the trend of related stocks.
The concept of the Internet of Things involved in Xiamen Xinda is optimistic about investment, but it will take time to make a substantial contribution to profits. Xinda IOT, a subsidiary of 80% of the shares, is mainly engaged in radio frequency automatic identification systems and electronic tags. According to the data, in 2012, Cinda IOT's revenue was 47.226 million yuan, a year-on-year increase of 4.52%, and the total profit was 519,000 yuan. In the first half of 2013, Cinda’s revenue was 21.151 million yuan. For the time being, it does not mention that its revenue growth is relatively small. Compared with Xiamen Cinda's 2013 interim revenue of 10.648 billion yuan, the revenue from radio frequency identification is less than 0.2%.
Xiamen Xinda's plan is to invest 149 million yuan in RFID product design and production line expansion projects. The construction period will be 2 years. After the project is put into production, the annual profit will reach 23.47 million yuan, although it will become the company's new profit growth point, but Is it easy to seize the future market after 2 years? Facing the forerunners such as Yuanwang Valley, New World, Dahua Intelligent, and Gaohong, the challenge that Xiamen Xinda meets is still arduous.
The reporter saw that the 2013 China Daily disclosed that among the top ten tradable shareholders of Xiamen Xinda, there were no funds, brokers, trusts and other institutions. The previous trust Zhongrong Enhanced No. 20 (holding 667,100 shares) has been withdrawn in the current period.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Piezoelectric Buzzer For External Drive
The piezoelectric transducers (for External Drive) produce exceptional sound output and efficiency all while meeting each customers unique performance requirements. Piezo transducers are constructed without magnets, instead they create sound mechanically via the piezoelectric effect. Our piezo transducers are not equipped with a built in drive circuit. This provides our customers with the flexibility of designing their own circuitry to meet their specific needs. The advantage of using an external drive circuit is that the piezo transducers can output sounds at multiple frequencies. Full bridge circuits ramp up SPL for more peak-to-peak voltage, making our piezo transducers a high output solution.
Piezo Alarm Buzzer,Alarm Piezo Buzzer,Fire Alarm Piezo Buzzer,Active Magnetic Buzzer
Jiangsu Huawha Electronices Co.,Ltd , https://www.hnbuzzer.com