A Shares Semi Annual Report Of The Epidemic: Electronic Shares "Mixed Feelings" 5G Mobile Phone Industry Chain Warmer Signal Suddenly

With a quarterly closing, the market turned its attention to semi annual reports.

Data show that as of May 12th, the Shanghai and Shenzhen two cities have 530 companies disclosed the first half of 2020 performance notice, 74 shares expected net profit growth. From the perspective of industry classification, the company mainly focuses on Electronics (12) and pharmaceutical and biological (10) industries.

Electronics and medicine are typical industries affected by epidemics. It is relatively certain that medical organisms benefit from the epidemic. For the electronics industry that participates in the division of the global industrial chain, although many enterprises have surpassed the semi annual notice, they are still full of uncertainty in the first half of the year, and the situation is even more complicated by the epidemic.

In twenty-first Century, the semi annual report of 33 electronic companies announced by the economic news reporter found that the performance of enterprises producing epidemic prevention materials rose sharply, but also affected the supply of electronic industry chain, resulting in delay in delivery of orders for some enterprises. The demand for wearable devices in the consumer electronics industry is strong, and the performance of related enterprises has increased significantly.

Looking forward to the second half of the year, an electronics industry analyst said, "the semiconductor industry itself is not affected by the epidemic situation and is relatively stable. The consumer electronics industry will have a significant rebound, especially in the 5G mobile phone market, and the related demand is only postponed."

The impact of the epidemic is mixed.

A total of 12 companies in the 33 electronic companies have achieved net profit growth. The top five growth rates are three wins, Jinsheng intelligence, Dali technology, High German infrared and long precision.

Among them, the three performance growth rate ranked first. It is expected that net profit in the first half of this year will be about 25 million yuan -3600 yuan, an increase of 1955.75%-2860.28%. In the first quarter, the net profit of net profit of three profits was 11 million yuan, an increase of 180.30% over the same period, which shows that its growth in the two quarter has accelerated.

The three profit is mainly liquid crystal display for consumer electronics products such as mobile phones, computers and LCD televisions. The reason for the change in the first half of the year is the growth of sales and the release of Hefei's three li photoelectric production capacity. A number of agencies reported that Future Ltd fully benefited from the acceleration of domestic substitution and the release of new capacity, and its performance is expected to maintain a relatively high growth rate.

Jin Sheng intelligence released the results notice that the first half of this year net profit of 148 million yuan to 152 million yuan, an increase of 990% to 1020% over the same period, the company achieved the highest performance gains since listing.

It is worth noting that before 2020, the main business of Jinsheng intelligence was consumer electronics precision structural parts, which provided for Fibit, Samsung, OPPO, HUAWEI and other companies. But by the impact of global mobile phone sales decline, Jinsheng intelligence is stripping consumer electronics business, and this growth is mainly contributed by high-end smart equipment business.

In addition, in the first half of this year, purple light country, Sheng Hong technology, Dongshan precision company also achieved a net profit growth, but the growth rate was relatively small.

It is not difficult to find that the upstream semiconductor enterprises are relatively less affected by the epidemic, but some have benefited from the increase in net profit generated by domestic alternative opportunities.

"Subdivision, the impact of the epidemic on semiconductor equipment and materials varies, but overall there is little impact, because the upstream Fab spending generally takes 2-3 years as a cycle, and it will not stop. The first half of the year has continued to expand, and upstream capital expenditure has not stopped." The electronic industry analyst said.

However, there are also companies benefiting from the impact of the epidemic. Such as Gao de infrared and Dali technology, the former produced automatic infrared temperature detection alarm system sales growth, the first half net profit growth rate reached 80%-100%; the latter is also the focus of the epidemic prevention and control material production enterprises, infrared thermograph order growth, the first half net profit growth rate reached 378%-463%.

Enterprises also suffer from the negative impact of the chain because of the epidemic, which is mainly reflected in the supply chain, logistics and project delay.

Hejing technology said that the risk of a sharp decline in net profit in the first half of the year indicated that the epidemic spread across the globe, accelerating and expanding the risk transmission between the industrial chains. The company's Internet of things business and education business were also among them, causing varying degrees of adverse impact on the company.

Datang Telecom also said that the company's market and supply chain work had been adversely affected, and the planned market projects were postponed or even canceled. The supply chain management of the company faced new challenges, and the business profit margins were compressed. It is estimated that the accumulated net profit may be a loss in the first half year.

Wearable devices continue to shine

Another focus of the electronics industry is consumer electronics. In the early April, the spread of overseas epidemic led to the decline in sales of smart phones. This reporter has reported that consumer electronics will usher in a real epidemic test in the two quarter.

But the situation seems to be improving now. International Data Corporation (IDC) predicts that in the first quarter of 2020, global and Chinese smart phone shipments were 280 million (-11%) and 70 million (-21%) respectively, better than previously expected, judging the two quarter began to recover. In the two quarter, the impact of overseas influence was wider, and the global demand for consumer electronics was even greater. However, there was a sign of recovery in demand in May.

From the perspective of listed companies, the mobile phone industry chain has not yet published the semi annual report data of typical companies, but other semi annual reports in the subdivision area have released some optimistic signals.

Precision manufacturing leading enterprises in the first half of the year achieved a net profit of about 2 billion 100 million yuan -24 billion yuan, an increase of 40%-60% compared with the same period, while its first quarter net profit was 980 million yuan, and the two quarter increased significantly.

At the end of the first quarter, it was expected that the mobile phones would be more affected in the first half of the year, but the demand for computers and tablets was relatively stable. The flat panel was on the rise, and the headphone product capacity was at a historical peak.

Similar to the long precision, benefit from the pen, plate, wearable products have increased considerably, the company's net profit in the first half increased by 71%-94%.

Benefiting from the growth of sales revenue of smart wireless headphones, GoerTek's shares in the field of Electroacoustics also increased significantly in the first quarter. Although the company has not yet published semi annual reports, the industry expects that the wireless headphones are still in the outbreak stage, and the penetration rate is relatively low, so the Limited impact of the epidemic. GoerTek as the main supplier, the yield and profit margins of the new production lines are climbing. We hope to enter the high-end Pro version, which will bring significant revenue and profit increments throughout the year.

GoerTek shares replied on the interactive platform that the new crown epidemic has been controlled in China, but it is spreading rapidly overseas. At present, customer orders have fluctuated, but there is no significant adverse effect. The company is paying close attention to the impact on the two quarter.

In May 12th, GoerTek staff told reporters on the investor's identity that "the past two quarter results will be announced in a quarterly report, but this year's epidemic is still uncertain, and no prediction has been released on the basis of prudence. It can only be said that the pattern of consumer electronics and the position of the company's industry have not changed.

"Wearable devices have been relatively popular in recent years, and GoerTek is also a leader in related fields. It has a dominant position in China and is expected to continue to grow." Another electronic industry analyst said.

The analyst further said, "the consumer electronics industry dominated by the mobile phone industry chain should be worst affected by the epidemic in the two quarter, because orders in the first quarter may be delayed last year. But in the second half of the year, the probability will be warmer. The stock market for 5G is huge. The epidemic is only bringing about the pace of the transition. There may be some changes in the interior, such as the demand for high-end machines will drop, and the demand for medium and low end machines will increase.