Spark Global Limited reports:
Today, letter dimension communication on the opening of the slump, the highest intraday decline of more than 16.5%. The company’s share price was 26.52 yuan, down 15.62 percent at the time of writing. This morning, the market value of Xinwei Communication evaporated more than 4.4 billion yuan, with an average loss of more than 37,000 yuan for each of its 120,900 shareholders.
Software platform analysis said that the cause of the share price slump is the half annual report “performance change face.”
Last night, the letter Wei communication disclosure data said that the first half of the operating revenue of 3.055 billion yuan, year-on-year growth of 19.48%; The attributable net profit reached 172 million yuan, down 47.53% year on year. In the first quarter of this year, the company achieved attributable net profit of 115 million yuan. This means that in the second quarter, only net profit attributable to shareholders of listed companies of 57 million yuan, the performance fell 102 per cent from the previous quarter.
In the announcement, letter dimension communication explained that the first half of the consumer electronics industry is the slack season, mature business capacity utilization efficiency is low, affecting the gross margin; At the same time, the price of raw materials in the first half of the year rose rapidly, and the cost of the company was also affected to a certain extent.
It is worth mentioning that the recent Apple industry chain company frequently explodes thunder.
On July 11, Lingyizhi Manufacturing said in its semi-annual results forecast that it expected to achieve a net profit of 363 million to 463 million yuan in the first half of the year, with a year-on-year decline of 26.66%-42.50%. On July 12, the company opened lower by the 10 per cent daily limit.
On July 12, the company announced that it expected to make a profit of 32 million yuan to 48 million yuan in the first half of the year, down 90.44% to 93.63%. On July 13, the company fell 4.1%.
The above several companies to shareholders’ revelation is: in the semi-annual disclosure of sensitive period, the market is most concerned about the “performance”. If there is a decline in earnings or a loss, the share price is likely to sell off. For example, Yanjin Storehouse shares fell by the daily limit of four times due to poor performance.
▲ Yanjin shop market chart
Information shows that letter dimension communication is Apple antenna and wireless charging and other products of one of the important suppliers. In the period of high prosperity of Apple industry chain (from 2019 to August 2020), the stock price of this company rose from around 22 yuan to 66.18 yuan at the highest, which tripled the stock price.
However, due to the downturn in the industry chain of Apple, coupled with the Internet spread of Apple transfer orders, the opposite country pressure and other bad news, Lisun Precision and other leading Apple companies have weakened. Xinwei Communications has fallen even more, dropping more than 59% from its peak to now, wiping more than 38.3 billion yuan off its market value.
Letter dimension communication fell so much, can you copy the bottom?
Senior figures have analyzed, the core of investment in Apple industry chain companies is to focus on the emergence of new products. The second half of this year is an important time point for the emergence of new consumer electronics products, and those consumer electronics companies that can win more orders will have more room for stock price gains in the future. For Xinwei Communications, the inflection point for the company’s stock price is when its earnings can soar.
This paper is about listed companies. It is the author’s personal analysis and judgment based on the information publicly disclosed by listed companies in accordance with their statutory obligations (including but not limited to interim announcements, periodic reports and official interactive platforms). The information or opinions contained herein do not constitute any investment or other business proposal, and MarketWatch assumes no responsibility for any actions taken as a result of its adoption.