Another company’s performance is far from expected, and more than 70000 shareholders are “trembling”!
On January 23, apple concept stock Shenzhen Everwin Precision Technology Co.Ltd(300115) released a performance forecast. It is expected that the company will have a net profit loss of 490 million yuan to 690 million yuan in 2021, while a profit of 600 million yuan in the same period of last year.
The performance was shocking. You know, many institutions had expected the company’s net profit to be between 500 million yuan and 700 million yuan. Some research institutions even raised the company’s target price to 27.3 yuan in December last year. At present, Shenzhen Everwin Precision Technology Co.Ltd(300115) has a share price of 16.11 yuan and a market value of 19.3 billion yuan. As of September 30, 2021, Shenzhen Everwin Precision Technology Co.Ltd(300115) has 73500 shareholders.
Shenzhen Everwin Precision Technology Co.Ltd(300115) performance explosion
On January 23, Shenzhen Everwin Precision Technology Co.Ltd(300115) issued a performance forecast, which frightened many shareholders. The company estimates that the net profit attributable to the shareholders of the listed company in 2021 will be a loss of 490 million yuan to 690 million yuan, while the profit in the same period of last year is 600 million yuan; The net profit after deducting non recurring profits and losses is a loss of 650 million yuan to 850 million yuan; The profit in the same period last year was 479 million yuan.
For the loss of performance, Shenzhen Everwin Precision Technology Co.Ltd(300115) explained that there are five reasons:
1. The R & D investment of strategic products of major customers has further increased, the cost has increased, and the layout and R & D investment of new energy components have increased.
2. The key products of main customers are in the climbing period of mass production, with low yield.
3. Affected by the epidemic situation and the shortage of customer chips, some production and manufacturing bases have reduced capacity utilization and increased production costs;
4. The prices of main raw materials such as copper and aluminum have increased significantly, which is difficult to digest in the short term; The change of exchange rate and the rise of labor cost have a certain impact on the gross profit margin.
5. At the end of the period, some inventories were impaired due to the above reasons, and the impairment provision was withdrawn.
For the performance of Shenzhen Everwin Precision Technology Co.Ltd(300115) , many investors commented in the stock bar that “thunder is rolling, and it will run to the limit tomorrow.” Another shareholder questioned: “the company’s inventory is too high, and the risk is already great.”. Some investors also said, “I knew it when the third quarterly report came out last year, which is bad.”.
According to the previous expectations of many research institutions, Shenzhen Everwin Precision Technology Co.Ltd(300115) can be called a thunder burst. Last September, before the company’s third quarterly report came out, an organization predicted that the company’s annual net profit would reach 700 million yuan in 2021; At the end of October last year, after the third quarterly report of Shenzhen Everwin Precision Technology Co.Ltd(300115) , a well-known research institution significantly lowered its performance forecast, but still expected the company’s annual net profit of about 500 million yuan in 2021; In mid December last year, another well-known research institution predicted that the company’s EPS (earnings per share) in 2021 was 0.45 yuan, and significantly raised the company’s target price to 27.3 yuan.
Customers of company include apple, Tesla, Contemporary Amperex Technology Co.Limited(300750) and
The main business of Shenzhen Everwin Precision Technology Co.Ltd(300115) is the development, production and sales of electronic connectors and precision small parts of intelligent electronic products, connectors and modules of new energy vehicles, precision structural parts and modules of consumer electronics, Siasun Robot&Automation Co.Ltd(300024) and industrial Internet.
In the capital market, Shenzhen Everwin Precision Technology Co.Ltd(300115) has popular concepts such as “apple, Tesla, new energy vehicles, domestic chips, 5g, smart wear”.
In May 2021, Apple announced the list of suppliers in 2020, of which Shenzhen Everwin Precision Technology Co.Ltd(300115) was among them. According to public information, Shenzhen Everwin Precision Technology Co.Ltd(300115) is a supplier of products such as apple MacBook metal case, iPad external keyboard and apple watch structural components.
In addition, at the performance presentation meeting in early May 2021, Shenzhen Everwin Precision Technology Co.Ltd(300115) disclosed that the demand of the company’s major customers in North America, including apple, was normal. In the first quarter, the total revenue of several major customers in North America increased by 175%, and it is expected to continue to maintain a significant growth in the second quarter. The revenue related to new energy vehicles increased by 180% in the first quarter. According to the current sales situation, it is expected to continue to maintain a significant growth in the second quarter. At the end of 2021, Shenzhen Everwin Precision Technology Co.Ltd(300115) said on the interactive platform that the company provided notebook computer shell and wearable products for its main customers. At that time, insiders pointed out that the above main customers referred to apple.
It is understood that the main products of Shenzhen Everwin Precision Technology Co.Ltd(300115) in the field of new energy vehicles include high-voltage connectors, power battery structural parts, etc. The company’s customers include Tesla, Contemporary Amperex Technology Co.Limited(300750) , Mercedes Benz, BMW, Geely, etc. Last December, Shenzhen Everwin Precision Technology Co.Ltd(300115) also won the Contemporary Amperex Technology Co.Limited(300750) supplier quality excellence award in the third quarter of 2021.
last year’s performance fell quarter by quarter
Shenzhen Everwin Precision Technology Co.Ltd(300115) was listed on the gem of Shenzhen Stock Exchange in 2010. From 2010 to 2016, the company’s performance increased for seven consecutive years, and its net profit increased from 90.76 million yuan in 2010 to 684 million yuan in 2016, an increase of more than 6.5 times. Since 2017, the company’s revenue growth has slowed down significantly, and its net profit has also declined all the way.
However, in 2020, Shenzhen Everwin Precision Technology Co.Ltd(300115) performance ushered in growth. According to the financial report data, in 2020, Shenzhen Everwin Precision Technology Co.Ltd(300115) achieved a total operating revenue of 9.798 billion yuan, an increase of 13.20% over the same period of last year; The net profit was 600 million yuan, an increase of 616% over the same period last year. During the reporting period, the adjustment of the company’s product structure achieved results, and the products of computer, intelligent wearable and new energy vehicle components increased significantly; The company’s sales to international key customers continued to grow. Significant changes in product structure and customer structure have a positive impact on operating revenue and benefits.
However, the good times are not long. In 2021, Shenzhen Everwin Precision Technology Co.Ltd(300115) performance fell quarter by quarter. The net profits in the first quarter, the second quarter and the third quarter were 138 million yuan, 97.79 million yuan and – 79.35 million yuan respectively. According to the latest performance forecast, the company lost 640 million yuan to 840 million yuan in the fourth quarter of 2021.
It is worth noting that while the performance is declining, the inventory of Shenzhen Everwin Precision Technology Co.Ltd(300115) is also increasing significantly. As of September 30, 2021, the inventory amount of the company is 4.596 billion yuan, an increase of 1.562 billion yuan or 51.49% over the beginning of the year. At that time, the company explained that the increase of inventory was caused by the production of new projects, the expansion of sales scale, the increase of delivery and preparation, etc.
some apple concept stocks are expected to have a significant increase in performance
Relatively speaking, the performance of other apple concept stocks that recently disclosed the performance forecast is much better in 2021.
Recently, Boe Technology Group Co.Ltd(000725) released a performance forecast. It is estimated that the operating revenue in 2021 will be 215-220 billion yuan, with a year-on-year increase of 59% – 62%; The net profit was 25.7-26 billion yuan, a year-on-year increase of 410% – 416%.
Boe Technology Group Co.Ltd(000725) said that in 2021, the semiconductor display industry continued the longest business cycle in history in the first half of the year; Since the third quarter, with the adjustment of the demand side, there has been a structural correction in the product price of the industry, and the overall prosperity of the industry in the whole year is relatively higher than that of last year. While benefiting from the prosperity of the industry, the company’s operating performance increased significantly year-on-year.
In terms of LCD, facing the structural adjustment of product price, Boe Technology Group Co.Ltd(000725) actively adjusted the product portfolio and still maintained a good profit level. In terms of flexible OLED, Boe Technology Group Co.Ltd(000725) shipments increased rapidly and made important breakthroughs in business development. In December 2021, the monthly shipments exceeded 10 million for the first time.
In terms of other apple concept stocks, in 2021, Quick Intelligent Equipment Co.Ltd(603203) is expected to have a year-on-year increase in net profit of 46.74% – 62.54%; Shenzhen Aisidi Co.Ltd(002416) the net profit is expected to increase by 37.19% – 57.18% year-on-year; Shenzhen Desay Battery Technology Co.Ltd(000049) net profit increased by 11.99% – 19.46% in advance; Han’S Laser Technology Industry Group Co.Ltd(002008) net profit increased by 99.2% – 109.41% in advance; Suzhou Good-Ark Electronics Co.Ltd(002079) a pre increase of 112.83% – 164.28%.
Goertek Inc(002241) disclosed the performance forecast as early as the end of October last year. It is estimated that the net profit in 2021 will be 4.244 billion yuan – 4.528 billion yuan, with a year-on-year increase of 49% – 59%, mainly due to the increase in sales revenue and improved profitability of the company’s vr virtual reality, intelligent wearable and intelligent wireless headphones.
