In the evening, the world's largest smart phone ODM manufacturers Wen Tai Technology released a third quarter results announcement.Our report shows that Wen Tai technology in the third quarter single quarter to achieve operating income of 46.70 yuan, profit of 105 million yuan, respectively, over the same period last year, the percentage of 25.07 %, 77.97%. Consolidated the first three quarters of performance, Wen Tai Technology 2017 from January to September to achieve operating income of 12.559 billion yuan, an increase of 47.87%; owned by the net profit of 282 million yuan, an increase of 754.55%.
Wen Tie news performance than expected, the real estate business to accelerate stripping
It is important to note that there are two major items in the main business of WenTai Technology: a subsidiary of WenTai Communication's main communication equipment R & D and manufacturing (mainly smartphone ODM business), and the other is the property of Zhongyin Group Business.According to the company's disclosure of earnings data, the current subsidiary of the news of communications revenue has accounted for more than 95% of the total revenue of listed companies.
According to the announcement, which subsidiary of the third quarter of the subsidiary business income of 4.131 billion yuan, profits of 174 million yuan. Wen Tai Communications 2017 in January-September to achieve operating income of 12.393 billion yuan, an increase of 53.78%; mother profit 423 million yuan, up 126.20% year on year.
This also shows that the current Wen Thai technology is another in the original group of real estate business revenue has been accounted for has been very low, but also at a loss.
It is reported that there are two main factors that have contributed to the profitability of listed companies, one is the interest generated by the borrowing of 790 million from the real estate company before, because the borrowing was carried out without approval by the board of directors. If the loan that does not meet the listing management management process is finally determined to be invalid, the interest arising before will be recovered.
The second is a subordinate real estate company has produced a fee but did not generate income, mid-year report has more than 700 million pre-paid housing because the end of the year to pay the house so there is no calculation of income did not calculate profits in the third quarter when the advance payment has been increased to 933 million. The original major shareholder of the Group to get the cost is very low, so the end of the calculation of profits by 30% of the minimum calculation of about 300 million yuan of profits.
In addition, according to the previous announcement, the company has repeatedly made it clear that it will further speed up the disposal of real estate business burden of time period.For example, early this year, the company has finished Lianyungang in the Yin, Kunshan Tai Lai, Suzhou crown, Jiangsu Zhongyin, Kunshan Hotel, The relevant business procedures of the equity transfer of Sinochem.
Wen Tai communications business more flowering: VR mobile phones, smart cars, notebooks and other business force
It is reported that Wen Tai Technology started in January this year by WenTai Communication Chairman Zhang Xuezheng actual control, the original major shareholder of Yin Group and related parties have announced the clearance of the withdrawal of the withdrawal.With the real estate business and the total withdrawal of the original shareholders of the full withdrawal , As A shares only mobile phone ODM company, Wen Tai technology will usher in a new takeoff.
In many industry view, the smart phone ODM is by cost advantage, do low-end mobile phone earn hard money.But the news of the past few years out of their own way: adhere to bigger brand customers, insist on doing high-end models , Business multi-point layout, extending to the upper reaches of the supply chain.
At present, the customer base of WenTai Communication is basically the mainstream brands of Huawei, millet, association, Meizu, Asus, 360, Skyworth, Storm Technology, China Mobile and LG, and most of the performance are in steady growth trend. Growth in the ODM models, the past two years the company began to gradually design, production prices in more than 1,000 yuan in the high-end models, and focus on creating fine product explosion.We see Huawei to enjoy 6s, red rice 4 series, The company said that the second half of 2017 will continue to improve product quality and grade, and significantly reduce the non-performing rate and the rate of customer complaints, to provide consumers with more than the market, How high quality products.
Business multi-point layout, in addition to smart phone ODM business, Wen Tai Communications in a number of business on a breakthrough, such as VR business, the company combined with China VR leading brand Storm technology launched Storm Mirror machine, by the media and consumers A 360 ° panorama VR camera, 360 ° panorama VR car camera is also well received. Has launched a very innovative VR mobile phone.
Smart car business, the current Dongfeng, Kai Rui and other auto companies T-BOX car machine products have begun shipping, in addition to the second half of 2017 in addition to continue to increase the volume of the car machine products, but also the development of intelligent electric vehicle embedded Car computing unit (core board), into the smart electric vehicle industry chain.
A new generation of notebook computer business, in 2017 the company became Qualcomm in the field of notebook computers only ODM strategic partner, become the world's first research and development Qualcomm 835/845 platform notebook computer company.Currently the first product has been in the development, Is expected to be listed in the first half of 2018 production.
WenTai Communication is one of the core competencies of concern, is relying on intelligent product shipments, extending to the upper reaches of the supply chain.
From the quantitative point of view, according to IHS Markit senior analyst Li Huibin predicted that the news will be expected in 2017 Wen Tai machine shipments will be more than 75 million. This also means that Wen Tai Communications has entered the top five Chinese smartphone manufacturers Next to the Huawei, OPPO, vivo, millet) .According to the first half of the annual report that with the company's shipments increased year by year, the proportion of components purchased by the company is also growing, many supply chain enterprises through Wen Tai Communications This pipeline will be a large number of components exported to Huawei, millet, Lenovo, Meizu, Asus, LG and other international brands of products which.
Can be seen in the past 10 years, a large number of small and medium-sized suppliers because of the company's rapid growth and growth, not only into the international first-line brand supply chain system, but also the birth of a number of market value of tens of billions or even tens of billions of listed companies. Is in recent years Wentai communications vigorously implement the strategy of quality, and strive to build quality explosion products, is committed to the common and standardized components, a substantial increase in the procurement of a single standard components, and therefore become a lot of supply chain business customers , So the supply chain company has been very willing to work closely with the company, in the purchase price and delivery to give priority protection.