Dongjiang Jixia (2283) is an injection molding and mold manufacturer. In the first half of 2019, the global consumer atmosphere was affected by the Sino-US trade war, which directly caused some of its customers to delay confirmation and orders, affecting Jijia's performance in the first half of last year. The Group's operating volume in the middle of last year reached 1,005 million yuan, down 2% year-on-year, net profit fell 18.7% to 114 million yuan, and gross margin fell by 4 percentage points to 27.5%. As China and the US signed first-tier trade talks, trade prospects are expected to improve slightly, which helps the Group's order trend to stabilize. At the end of June 2019, the Group placed orders of 979 million yuan, an increase of 6% over the same period last year, an increase of 24.3% over the end of December 2018.
In the first half of 2019, revenue from injection molded component fission fell 1.6% year-on-year to 675 million yuan, accounting for about 67.2% of the group's total revenue. Jimei products were applied in different categories. Among them, “mobile phones and wearables” revenue increased 4.6% year-on-year to 241 million yuan in the first half of last year, mainly smartphone case-saving brand customers, and popular headphone brand customers increased their orders for Bluetooth headsets. As for mold cracking operations, segment revenue fell 2.9% to 32.33 billion yuan, accounting for 8% of revenue.. The collection plan sought factory resources in areas other than Shenzhen, and was hit by a - Step by step to increase injection molding production capacity and reduce production costs. In addition, Jixia also plans to establish stock stores in Southeast Asia, where it can benefit from lower labor costs and tax benefits.
The number of inventory turnaround days increased by 4 to 91 days from year to year, mainly due to the increase in the number of orders in hand and the corresponding increase in inventory; the number of trade receivables turnover days also increased by 3 to 50 days. At the end of June 2019, the Group's total cash and bank balance was $878 million, and the net cash balance was $319 million; at the end of the period, the Group's liquidity ratio was approximately 196.2%. In terms of trend, it rose to 4.3 yuan on January 22 and fell back. It fell below the line for 10 days, 20 days, 50 days, and 250 days. The STC%K cable fell below the %D line, and the MACD bear gap widened. It is good to wait for a low 3.65 yuan to absorb storage, a rebound resistance of 4.3 yuan, and continued to hold without falling below 3.5 yuan.
