According to the statistics of , as of 21:00 on January 24, a total of 92 electronic manufacturing companies disclosed the performance forecast of 2021, of which 71 companies reported good performance, accounting for nearly 80%. Driven by the high-profile support of the industry and the demand of emerging markets such as downstream smart cars and smart wearable devices, the display panel, sensor and optical lens industry has full orders and released production capacity, and the performance of listed companies has increased significantly.
industry insiders said that VR and Ar are expected to become consumer electronics hotspots after smart phones. The automotive electronics industry, which is still in the early stage of penetration, has a large development space. The smart car supply chain track will become an important growth driving force for consumer electronics supply chain enterprises in the future.
many companies have outstanding performance
On the evening of January 23, Landai Technology Group Corp.Ltd(002765) disclosed the performance forecast for 2021. It is expected that the net profit attributable to the parent company will increase significantly by 2490.81% – 2879.43% year-on-year. The company said that benefiting from the growth in demand for consumer electronics and automotive electronics, the strong market demand for touch display led to a significant increase in the company’s performance.
In terms of display panel, Longtou Boe Technology Group Co.Ltd(000725) has the highest net profit among the electronic manufacturing companies that have disclosed the performance forecast. The company expects the net profit attributable to the parent company in 2021 to be 25.7-26 billion yuan, with a year-on-year increase of 410% – 416%. Among them, the shipment volume of flexible OLED increased rapidly, and the shipment volume exceeded 10 million for the first time in December 2021.
The net profit of Infovision Optoelectronics (Kunshan) Co.Ltd(688055) followed closely. The company expects the net profit attributable to the parent company to be RMB 890 million-930 million in 2021, with a year-on-year increase of 239.61% – 254.88%. Infovision Optoelectronics (Kunshan) Co.Ltd(688055) said that the rapid development of 5g, Internet of things, big data and other new technologies has generated incremental demand for display panels. In the post epidemic era, normalized remote office and online education have further driven the global demand for laptop tablet panels.
Electronic components shine brightly in the consumer electronics market, and many manufacturers benefit from it. The leading consumer electronic components company Goertek Inc(002241) expects the net profit attributable to the parent company in 2021 to be 4.244 billion yuan – 4.528 billion yuan, with a year-on-year increase of 49% – 59%. The company’s sales revenue of vr virtual reality, intelligent wearable and intelligent wireless headphones increased year-on-year.
Shanghai Awinic Technology Co.Ltd(688798) mainly engaged in the R & D and sales of integrated circuit chips is expected to achieve an operating revenue of 2.3 billion yuan to 2.35 billion yuan in 2021, with a year-on-year increase of 59.98% – 63.46%; The net profit attributable to the parent company is expected to be 270 million yuan to 300 million yuan, with a year-on-year increase of 165.51% – 195.02%. Shanghai Awinic Technology Co.Ltd(688798) said that with the vigorous development of the integrated circuit industry and the continuous improvement of the industry prosperity, there is strong demand in the downstream consumer electronics application field. While focusing on high-quality customers and expanding the share of mobile phone brand factories such as Xiaomi and oppo, the company expands pan industrial customers such as Huichuan and Dajiang. At the same time, it cooperated closely with upstream suppliers, and the production capacity supported the performance growth.
The Meig Smart Technology Co.Ltd(002881) which is the first in the industry to launch 5g intelligent modules has also doubled its profits in the past year. The company expects to achieve an operating revenue of 1.95-2.05 billion yuan in 2021, with a year-on-year increase of 73.95% – 82.87%; The net profit attributable to the parent company was 110-125 million yuan, with a year-on-year increase of 300.87% – 355.54%; The net profit after non deduction was 72 million yuan to 87 million yuan, with a year-on-year increase of 343.42% – 435.8%.
Meig Smart Technology Co.Ltd(002881) said that the shipments of 4G / 5G wireless communication modules and customized development products of the company increased rapidly in the field of global operators and intelligent cockpit of new energy vehicles, and the sales revenue increased accordingly. At the same time, the company deepened its layout in the fields of smart grid, cloud computing, laptop and HD video, and the product shipment in the field of FWA (fixed wireless access) increased significantly. “The company responded to the shortage of raw materials and the impact of price rise by strengthening strategic goods preparation, price transmission, reducing cost and increasing efficiency in the supply chain, and improving the shipment demand of high gross profit products, so as to continuously ensure and improve the profitability of products.”
actively open up downstream markets
With the rapid improvement of the prosperity of new energy vehicles, intelligent wearable devices and Internet of things equipment industries, opening up new downstream markets has become the main way for many electronic manufacturing companies to increase their performance in 2021.
Citic Securities Company Limited(600030) pointed out that smart watches, cameras and VR wearable mobile devices continue to iterate, and the aiot (artificial intelligence internet of things) industry is expected to accelerate its development; With the continuous promotion of intelligent and electric vehicles, the automotive industry has become a new growth point for the future performance of some consumer electronics companies.
Take Shanghai Awinic Technology Co.Ltd(688798) as an example, the company actively expands emerging markets such as Internet of things, industry and automobile, and opens up new profit margins. Combined with the needs of market segments, the company has increased R & D investment, upgraded four product lines of audio power amplifier, power management, RF front-end and motor drive chip, continuously expanded product categories, and the analog IC supermarket is taking shape.
Sensor manufacturers are also actively expanding to the application of new energy vehicles downstream of the industrial chain. Take Cubic Sensor And Instrument Co.Ltd(688665) as an example, in 2021, the company’s on-board sensor business achieved mass production, the gas sensor business of automobile comfort system maintained year-on-year growth, and expanded to the field of thermal runaway monitoring sensor of new energy vehicle battery. The company expects to achieve a revenue of 535-550 million yuan in 2021, with a year-on-year increase of 73.75% – 78.63%; The net profit attributable to the parent company was 175-185 million yuan, with a year-on-year increase of 107.16% – 119.00%.
Driven by the trend of automobile electrification, intelligence and alot, the leading manufacturer of security lens Dongguan Yutong Optical Technology Co.Ltd(300790) is also seeking a breakthrough. Dongguan Yutong Optical Technology Co.Ltd(300790) began to focus on the field of vehicle lens in August 2021. The company said that at this stage, the on-board lens is mainly used in the on-board rear mounted products, and the front mounted on-board products are progressing smoothly and are expected to land in 2022. Southwest Securities Co.Ltd(600369) believes that with the advent of the era of intelligent driving, the on-board lens is the optical lens field with the largest increment in the future. The market potential is huge, and the volume and price will rise together.
