The company issues the outline of medium-and long-term development strategic planning, through mixed reform, diversified operation and other ways, further long-term planning for the future, in the company's strategic transformation, has a high strategic development significance. At the 38th anniversary strategy conference of the company, there is a more detailed interpretation of the implementation direction of the development plan of specific industries.
Target hundreds of billions of revenue, become a globally competitive international first-class enterprise. The company announced that it will accelerate the transformation and upgrading around "one core positioning, two main lines of development, three development strategies and four major business groups". According to the company, the target revenue will exceed 60 billion by 2020 and 100 billion by 2022, and become a globally competitive international enterprise driven by scientific and technological innovation.
Science and technology park business: continue to expand under the mode of "science and technology + industry + urbanization". The company announced that it has signed cooperation agreements with five local governments, including Nanjing and Chuzhou, to set up industrial parks, with a total investment of 43 billion yuan. On the one hand, it can optimize the structure of the existing manufacturing base, on the other hand, it can also provide manufacturing industry chain related services for the park enterprises. at the same time, overseas Chinese Town, the major shareholder, has the advantage of resources in the real estate industry chain. therefore, the company has a comparative advantage in this business.
Semiconductor business: join the ranks of international excellent semiconductor companies in 5-10 years. The company said it expects to focus on promoting the semiconductor business under the huge demand for semiconductor procurement, which is expected to grow at a rate of 30% over the next five years. With the continuous realization of the existing technology reserves, the company announced that Konka plans to join the ranks of international excellent semiconductor companies in 5-10 years, and is committed to becoming one of the top 10 semi-conductor companies in China, with annual revenue of more than 10 billion yuan.
Environmental protection business: to create a domestic first-class environmental protection operation and maintenance high-end brand. Under the high pressure of "Water Ten articles", the pollution control of the industrial park will be further strengthened in the future, and the expansion of Konka Science and Technology Park may have a greater synergistic effect on environmental protection business. The company announced that it will achieve environmental protection business target revenue of 80-12 billion yuan in 1-2 years and 180-26 billion yuan in 3-5 years, and plans to build a domestic first-class environmental protection operation and maintenance brand.
Supply chain management business: the core role of the industrial chain promotes the rapid expansion of the business scale. Konka supply chain management business mainly includes supply chain trade business and part of supply chain financial services business. Under the financing advantages brought by Konka's own state-owned assets and the advantages of industrial resources accumulated by the manufacturing industry for many years, the scale of supply chain management business has expanded rapidly and its proportion has increased, reaching 13.6 billion in 2017.
Investment suggestion: in the future, Konka will be based on the original business, implement the transformation strategy, and is expected to continue to develop science and technology park, environmental protection, supply chain management and semiconductor business. It is estimated that the net profit of homing in 18-20 years will be 1.61 million yuan, 2.26 yuan, 0.13 yuan, 0.07, 0.09, 0.13 yuan, respectively, corresponding to PE, 79.3,56.5,40.9 times.
Risk hint: the progress of the transformation is not as expected.
