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亿和精密工业控股有限公司(838.HK)

Yihe Precision Industrial Holdings Co., Ltd. (838.HK)

致富證券 ·  Nov 26, 2013 00:00  · Researches

Aohe holding Hezhongyuan's well-known vertical integrated precision metal and plastic expansion moulds and components are registered as hysterical suppliers. The precision metal flushing and plastic injection parts made by the collection and storage crack are mainly used in braided office self-service, such as photocopying Heng and Fu Zhenyi, as well as other household appliances and DVD components. According to the performance report for the period from the end of June to the end of June this year, Jidang Prayer is mainly divided into three parts: (1) Metal stamping Division, which is responsible for designing and cracking precision metal stamping dies, as well as cracking metal stamping and Zhuo bed processing parts, it is estimated that the medium-term German income is about 58%. (2) the plastic expansion injection Division, which is responsible for the design and cracking of plastic injection moulds, as well as cracking Xiangyin parts, with an estimated income of more than 41%: (3) the Zhongyuan microloan branch established at the end of last year, the new division has a medium-term turnover of 880 lettuce, and its income is estimated to be less than 1u/o.

Up to the end of June this year, the value of Jiddang rose slightly by 1.4% year-on-year to 11.84 German dollars, mainly due to an annual increase of 12.5% to 4.88 German dollars from the plastic injection division during the period. During the period, revenue from the metal concealment division fell 6.4% year-on-year to 6.87 German dollars. During the period, the gross profit of the collection circle increased by 19.6% year-on-year to 2.87 German dollars, while the gross profit margin increased by 3.7% to 24.2% year-on-year, mainly due to the strong mold revenue in the first half of the year, and the mold profit margin is generally higher than that of spare parts. During the period, the net profit of hoarding fell by 32.9u/o to 2700 Artemisia dollars year-on-year, mainly due to the higher cost of Yun Dun and the higher upfront cost of hoarding Hezhuiqian's new auto parts.

Mold revenue has always been the leading indicator of parts and semi-split products in the future. in the middle of the market, the revenue of metal punching and plastic expansion injection moulds has increased by 135u/o and 110% to 1.19 yuan and 6784 lettuce respectively, with a total mold income of 1.87 German dollars. In addition, the Wumo Qizhuo spare parts house, which was built with Shidian last year, is expected to be invested by the end of this year. Mu Gu-hyuk supplies spare parts and welding clothing to Wumo and its neighboring cities. Wumohe Zhongyuan is one of the main steam Zhuosheng centers, and the mid-term achievements of the root circle show that the brands of Cambodia, Honda, Nippon, Xuexianli, purlin and GM have all planned to set up a base in Wumo or its nearby cities. In addition, in October this year, Zhong Yuan's sales of steam turbines increased by more than 20u/o year on year, while those of Qi, China and Japan increased by more than 70 percent year on year. It is expected that with the pick-up in Japanese auto sales, it will be advantageous for the collection and hoarding to win the ordering of auto parts and components for each other.

Since the beginning of this year, the growth rate of Zhonghuanqi has accelerated slightly, and it is expected that it will lead to frequent demand for Android parts. Heji hoarding will bring greater fear and emptiness in the future. In addition, Jiejiao will benefit from its own metal hiding and plastic injection parts, so investors can consider relying on absorption, which is more than 1.38 yuan, 1.23 yuan and 1.13 yuan respectively.

The translation is provided by third-party software.


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