On Monday, A-Shares were significantly adjusted, and more than 1400 shares hit new lows in the session, including more than 20 industry leading companies with a market value of more than 100 billion, such as Foshan Haitian Flavouring And Food Company Ltd(603288) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Luxshare Precision Industry Co.Ltd(002475) and so on.
It is worth noting that since the beginning of the year, the share price of Luxshare Precision Industry Co.Ltd(002475) stock, the leader of “fruit chain”, has fallen by 43.39%. In the face of the continuous decline of the stock price, the actual controller of the company can’t sit still. On Monday, Luxshare Precision Industry Co.Ltd(002475) announced that Wang Laisheng, one of the actual controllers and vice chairman of the company, planned to increase the shares of the company by no less than 200 million yuan and no more than 400 million yuan.
20 more than 100 billion white horses hit a new low in the year
On April 11, the three major A-share indexes adjusted significantly. As of the closing, the Shanghai index fell 2.61% to 316713 points; The Shenzhen composite index fell 3.67% to 1152021 points; The gem index fell 4.20% to 246204. Northbound funds sold a net 5.762 billion yuan throughout the day, a net sale for four consecutive days.
Data show that on the day of the day, more than 1400 stocks hit new lows in the year, with more than 1400 shares hitting new lows in the intraday session, including more than 20 industry leading companies with a market value of more than 100 billion, including more than 20 industry leading companies with a market value of more than 100 billion, including 603 Foshan Haitian Flavouring And Food Company Ltd(603288) \ , Yunnan Energy New Material Co.Ltd(002812) , Semiconductor Manufacturing International Corporation(688981) , Nari Technology Co.Ltd(600406) , Ganfeng Lithium Co.Ltd(002460) , Will Semiconductor Co.Ltd.Shanghai(603501) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Haitong Securities Company Limited(600837) , Goertek Inc(002241) Trina Solar Co.Ltd(688599) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Aecc Aviation Power Co Ltd(600893) , Tianqi Lithium Corporation(002466) , Zhejiang Huayou Cobalt Co.Ltd(603799) , etc.
Among the above companies with a market value of 100 billion yuan, Great Wall Motor Company Limited(601633) , with a cumulative decline of 49.63%, is the largest this year; Semiconductor concept stocks Will Semiconductor Co.Ltd.Shanghai(603501) also fell 45%. Apple concept stocks Luxshare Precision Industry Co.Ltd(002475) , Goertek Inc(002241) also fell a lot. Since the beginning of the year, the share price has fallen by 43.39% and 40.63% respectively.
For the market trend of the day, Founder Securities Co.Ltd(601901) chief market analyst Zhao Wei said that historically, A-Shares were in the off-season of investment in April, superimposed with geopolitical factors (the pending conflict between Russia and Ukraine) and the interference caused by the epidemic, and the market risk appetite continued to be suppressed. However, it should be emphasized that the market is currently in the process of grinding the bottom. According to the historical law, the space for sharp decline in the market after the emergence of the policy bottom is relatively limited. The short-term correction will not change the trend of medium and long-term rise, so it is necessary to cherish below 3200 points.
200 billion fruit chain leader
Facing the falling stock price, the actual controller of Luxshare Precision Industry Co.Ltd(002475) the leader of “fruit chain” can’t sit still and plans to increase his stock holdings.
On April 11, Luxshare Precision Industry Co.Ltd(002475) closed down 5.08%, and the share price was 27.85 yuan / share. The latest market value was 19.3 billion yuan, a decrease of more than 150 billion yuan over the beginning of the year.
On the same day, Luxshare Precision Industry Co.Ltd(002475) announced that Wang Laisheng, one of the actual controllers and vice chairman of the company, planned to increase the shares of the company by no less than 200 million yuan and no more than 400 million yuan; The implementation period shall be completed within 6 months from the date of announcement of the shareholding increase plan.
The announcement said that the purpose of Wang Laisheng’s shareholding increase is: Based on the recognition of the company’s internal value and firm confidence in the sustainable and stable development in the future, as well as the social responsibility to jointly promote the stable and healthy development of the capital market.
It is worth noting that in the past two years, Luxshare Precision Industry Co.Ltd(002475) the controlling shareholder of Lixun Co., Ltd. (the company is held by Wang Laisheng and Wang Laichun respectively), and Wang Laisheng has accurately reduced his holdings at a high level twice.
Specifically, on February 3, 2021, Lixun Co., Ltd. and its concerted action person Wang Laisheng reduced 140 million shares through block trading, and the reduction price was 51.11 yuan, with a total cash out of 7.178 billion yuan; On July 22, 2020, Lixun Co., Ltd. and Wang Laisheng reduced their holdings of 129.6 million shares through block trading at a price of 53.20 yuan, totaling 6.897 billion yuan. At that time, Luxshare Precision Industry Co.Ltd(002475) announced that the funds obtained from the above reduction would be mainly used to repay the bank loans of Lixun Co., Ltd. and support Luxshare Precision Industry Co.Ltd(002475) related capital needs.
Now, after the share price fell by more than 40%, Wang Laisheng, the actual controller of the company, plans to increase his holdings to stabilize the share price. Some netizens commented, “Wang Laisheng is here to copy the bottom.”
last year’s net profit decreased by 2.12% year on year
On March 14 this year, Luxshare Precision Industry Co.Ltd(002475) disclosed the annual performance express of 2021. In 2021, Luxshare Precision Industry Co.Ltd(002475) achieved a total operating revenue of 154.1 billion yuan, a year-on-year increase of 66.60%; The net profit was 7.072 billion yuan, a year-on-year decrease of 2.12%.
With regard to the situation of “increasing income without increasing profit”, Luxshare Precision Industry Co.Ltd(002475) at that time explained that under the background of repeated global epidemics, in the face of the severe macroeconomic situation such as “lack of core and materials” in the upstream industrial chain, unilateral rise in raw material prices and transportation costs, as well as the postponement of mass production location and shipment time of some products to varying degrees, multiple factors led to the rise of the company’s operating costs, With the overall impact of the product profit margin of Likai precision on listed companies, the company’s comprehensive profit margin fell year-on-year.
However, in the fourth quarter of 2021, Luxshare Precision Industry Co.Ltd(002475) ‘s performance returned to growth after the year-on-year and month on month decline of single quarter net profit in the third quarter of 2021. Data show that in the fourth quarter, the company’s revenue reached 73.1 billion yuan in a single quarter, a significant increase of 122% year-on-year and month on month, and the net profit in a single quarter was 2.36 billion yuan, a significant increase of 48% month on month.
According to the performance forecast released that night, Luxshare Precision Industry Co.Ltd(002475) 1.687 billion yuan to 1.754 billion yuan in the first quarter of 2022, a year-on-year increase of 25% to 30%. The net profit after deducting non-profit was RMB 1.4 billion-1.46 billion, with a year-on-year increase of 20% – 25%.
On the evening of March 14, Luxshare Precision Industry Co.Ltd(002475) also disclosed the progress of the US 337 investigation, saying that the patented technology of the new design did not constitute infringement Luxshare Precision Industry Co.Ltd(002475) said that the new design schemes proposed by the company have been determined by ITC and do not constitute any infringement of the three patents. This new design scheme / current design scheme and related products have successively passed the customer verification procedure.
Everbright Securities Company Limited(601788) analysts Liu Kai and Cai Weiwei pointed out in the latest research report that in the future, Luxshare Precision Industry Co.Ltd(002475) consumer electronics business categories will continue to expand and continuously optimize the vertical supply capacity of components module complete machine, and the endogenous extension of automotive electronics business will move towards Tier1 to drive the growth of performance. However, considering the large investment in the early stage of Likai, the increase of material costs caused by the lack of cores and materials in the upstream, the decrease of gross profit margin, and the unilateral rise of transportation costs, etc, The net profit in 2021 and 2022 was lowered to 7.072 billion yuan (originally measured to be 8.317 billion yuan, – 14.96%), 10.103 billion yuan (originally measured to be 10.979 billion yuan, – 7.98%), maintaining the net profit of 13.499 billion yuan in 2023, corresponding to 21x and 16x PE in 20222023, maintaining the “buy” rating.
