On April 29, Apple announced its financial report. In the first quarter, apple achieved revenue of US $97.278 billion (about 646.8 billion yuan), an increase of 8.59% year-on-year; The net profit was US $25.010 billion, a year-on-year increase of 5.84%.
According to the data of Dongcai choice, in the first quarter, the net profit of 52 A-share Apple concept companies increased year-on-year, and the Suzhou Anjie Technology Co.Ltd(002635) net profit increased by more than 17 times year-on-year. In the first quarter, the net profit of Luxshare Precision Industry Co.Ltd(002475) , Avary Holding (Shenzhen) Co.Limited(002938) , Universal Scientific Industrial(Shanghai)Co.Ltd(601231) and other “fruit chain” head companies rose sharply year-on-year Luxshare Precision Industry Co.Ltd(002475) realized a net profit of 1.803 billion yuan, a year-on-year increase of 33.63%.
According to the analysis of securities companies, the strong guidance of Goertek Inc(002241) , Will Semiconductor Co.Ltd.Shanghai(603501) two leading companies on the performance of the second quarter has effectively responded to the market’s concerns about the demand for consumer electronic terminal products in the second quarter from the two industrial chains of apple and Android, and the electronics industry is expected to start to improve.
Apple’s first quarter performance improved
In the first quarter, Apple’s revenue and net profit were higher than market expectations.
In the fourth quarter of last year, Apple’s revenue was $123945 billion and its net profit was $34.630 billion. This also means that Apple’s revenue and net profit fell sharply month on month in the first quarter of this year. Industry insiders believe that the fourth quarter is usually the peak sales season of Apple’s iPhone, with considerable performance.
From the perspective of the Chinese market, Apple products continue to be favored by consumers. Apple’s revenue in the first quarter was $18.3 billion, a year-on-year increase of $43.3%.
In March, Apple released the “cheap version” of iPhone se, which supports 5g The launch of this product boosted iPhone sales in the first quarter, with iPhone revenue of US $50.57 billion, a year-on-year increase of 5.49%;
Source: Apple earnings
In addition, MAC revenue in the first quarter was US $10.435 billion, a year-on-year increase of 14.65%; IPad revenue was $7.646 billion, a year-on-year decrease of 2.06%; The revenue from other products was US $8.806 billion, a year-on-year increase of 12.38%; Service revenue was US $19.821 billion, a year-on-year increase of 17.28%.
Apple CEO Cook said in the earnings conference call that due to the impact of the epidemic and lack of core, most of the company’s products will be affected by tight supply. On April 28 local time, Apple’s after hours share price fell 2.24%.
Source: China stock market news
securities companies: expected improvement in the electronics industry
Apple’s revenue and net profit increased year-on-year in the first quarter, which is generally good for apple supply chain company. From the perspective of A-share Apple concept company, the data of Dongcai choice as of April 29 showed that in the first quarter, 52 A-share Apple concept companies achieved year-on-year growth in net profit attributable to shareholders of listed companies.
Universal Scientific Industrial(Shanghai)Co.Ltd(601231) , Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) , Suzhou Hyc Technology Co.Ltd(688001) , Shenzhen Desay Battery Technology Co.Ltd(000049) and other “fruit chain” companies had a considerable increase in net profit in the first quarter Suzhou Anjie Technology Co.Ltd(002635) in the first quarter, the net profit attributable to shareholders of listed companies was 849215 million yuan, an increase of 178766% year-on-year.
Dongcai choice data show that in the first quarter, 27 Apple concept companies achieved net profits attributable to shareholders of listed companies of more than 100 million yuan.
Many head companies are doing well. Among them, Luxshare Precision Industry Co.Ltd(002475) in the first quarter, the net profit attributable to the shareholders of the listed company was 1.803 billion yuan, a year-on-year increase of 33.63%; This data exceeded Luxshare Precision Industry Co.Ltd(002475) previous expectations. According to the analysis of securities companies, the business of major customers of consumer electronics has increased significantly. The largest customer of Luxshare Precision Industry Co.Ltd(002475) is apple.
In addition, Avary Holding (Shenzhen) Co.Limited(002938) in the first quarter, the net profit attributable to the shareholders of the listed company was 593 million yuan, a year-on-year increase of 68.97%.
On April 26, Goertek Inc(002241) estimated that the net profit attributable to the shareholders of the listed company in the first half of the year was 2.077 billion yuan – 2.423 billion yuan, with a year-on-year increase of 20% – 40%; However, Goertek Inc(002241) said that it was mainly due to the increase in sales revenue and profitability of the company’s vr virtual reality, intelligent game console and other products.
Guosen Securities Co.Ltd(002736) believes that the main contradiction of the current electronic market is still the market’s concern about the demand side. The resumption of work and production is only an improvement on the supply side, and the supply side is not the bottleneck of the industry’s off-season in the first half of the year. The recovery of 3C electronic consumption after the epidemic factors are alleviated is an important indicator for follow-up market tracking, and the performance guidance of leading companies in the second quarter is particularly important Goertek Inc(002241) , Will Semiconductor Co.Ltd.Shanghai(603501) two leading companies’ strong guidance on the performance of the second quarter has effectively responded to the market’s concerns about the demand for consumer electronic terminal products in the second quarter from the two industrial chains of apple and Android, and the pessimistic expectation of the market is expected to reach the bottom.
