The company's main business is to provide network communications, consumer electronics and intelligent terminal product research and development, manufacturing and sales services. With the steady development of the company, with the help of the accumulation of traditional advantages, the company has made great efforts to develop 3C flexible manufacturing and made great achievements in intelligent equipment. on this basis, the company aims at the opportunities of the optoelectronic industry and actively cuts into the quantum dot display market relying on equipment advantages. carry on the forward-looking layout.
In March 2019, the company's shareholding company, Rongbai Technology, recently submitted its application for an initial public offering and listing on Science and Technology Innovation Board on the Shanghai Stock Exchange. The Shanghai Stock Exchange accepted the first batch of applications submitted by Rongbai Technology for an initial public offering and listing in Science and Technology Innovation Board.
The company has rich technology accumulation and market foundation in the field of network communication. Huawei is one of the company's important strategic partners with a long history of cooperation and a stable and good relationship. The range of cooperation products is very wide, mainly involving wireless gateways, routers, network cards and so on. The company is still expanding the industrial layout, increasing R & D efforts to carry out corresponding technology reserves, and strive to carry out multi-level and more in-depth cooperation with Huawei and other strategic customers in other aspects.
In the first quarter of 2019, the company was affected by the market situation, the operating income decreased, and the company's profit decreased. The company estimates that the net profit attributed to shareholders of listed companies from January to March 2019 is 3 million yuan to 9 million yuan, a change from-82.83% to-48.48% compared with the same period last year.
Profit forecast: we estimate that the company's revenue in 2018 will be 31.8,38.1 and 4.8 billion yuan, and the net profit belonging to the shareholders of the parent company will be 4.2,6.3 and 910 million yuan, respectively, and the corresponding EPS will be 0.10,0.15,0.22 yuan respectively. Give a rating of "overweight".
Risk tips: 1) the decline in the prosperity of the global electronics industry; 2) the risk of raising funds for investment projects that do not meet expectations.