Foreign investment believes that Guanglei is not benefiting from Nichia, and its growth momentum remains weak.
Recently, the latest research report of Qunyi Securities pointed out that Guanglei did not really benefit from Nichia's theme. In the second quarter, the growth momentum is still weak, and the stock price has already reacted. The investment recommendation is rallying and the target price is 11.7 yuan. Taiwan dollar.
Qunyi believes that Guanglei is attracting attention because of its good relationship with Nichia. Guanglei is the only foundry of Nichia. The main OEM products fall in the middle and low-end products with a maximum brightness of 1,700mcd for small and medium size. Mobile phone and Christmas lights. In 2009, this foundry business accounted for about 10-15% of Guanglei's revenue, only about 700-800 million NTD turnover, and the degree of benefit was not high. In the future, Nichia's high-end products will give Opteron's opportunity to OEM. Nichia has limited help. Looking forward to 2009, the growth rate in the quarter is higher than that in the third quarter. The main reason is that 3Q is the traditional LED quarter, and LED demand for billboards, mobile applications and computer applications will grow significantly. Group benefit is expected to generate NT$5.04 billion in revenue in 2009, with an annual decline of 22.5%, a gross margin of approximately 16.2%, a net profit after tax of 120 million yuan, an annual decline of 64%, and a net profit after tax of NT$0.23.
Agricultural Drone,Crop Sprayer Drone,Drone Crop Sprayer,Agricultural Sprayer Drone
Xuzhou Jitian Intelligent Equipment Co. Ltd , https://www.jitianintelligent.com