Nippon Electric was originally a passive component aluminum electrolytic capacitor agents, the main agent of Japan's major manufacturers Caramel (Nippon Chemi-con) products, the customer layout mainly for high-end power, industrial computers, servers ... ... and other industries, the 2015 mergers and acquisitions MLCC agent Li Yuan, the main agent SEMCO products, the customer layout for the 3C consumer electronics, including mobile phones, NB, tablet, handheld devices, etc. Overall, the company's terminal layout has covered the high-end industries, and consumer markets in general livelihood .
Benefit from the MLCC prices this year rose from April, 6, 9, December, and then gradually increase the price of large manufacturers, the Japanese electricity trade agent SEMCO MLCC products with the rise, the proportion of revenue increased slightly. Statistics, the current largest proportion of revenue is still MLCC, accounting for the proportion of revenue reached more than 3 percent, nearly 4 percent, followed by aluminum electrolytic capacitors, accounting for about 2 percent, while tantalum solid capacitors due to SSD for these two years, Netcom Other products such as LED backlight, special capacitors / resistors / power IC, the total accounted for 30% of the trend, the relevant revenue from the original single-digit increase to 1 percent.
Japan Electric Trade pointed out that due to shortage of supply MLCC, supply has been a gap, the company from the original delivery volume can not be increased substantially, but still stable, follow-up SEMCO has decided to expand 10 to 15%, but not short expansion Bulk products, but to use the car workers, high-level development, short-term MLCC still difficult to relieve the gap.
Nikkei also said that SEMCO's expansion is still bullish for the Japanese electricity trade, which will help SNEC expand the agency layout of other applications. For the company, there is still an opportunity for the company to increase its pickup.
Nikkei MLCC view of the overall Mood for the fourth quarter to next year are optimistic, but reflected in the company's selling price and gross margin, is expected to rise in product prices, the gross margin can still be high. 日 电贸 revealed, This wave of agents MLCC products, the minimum price increase of 5 to 8%, the highest part of the items have more than doubled the price, will help the subsequent gross margin performance.
In addition to MLCC, the Japanese aluminum electrolytic capacitors also heard the rise in the third quarter, up 8% to 10%, Nippon Trade said the factory price increases, the company will be the fourth quarter and the first quarter of next year after another Rising product prices will help gross margin performance.
The daily e-commerce revenue this year, although flat, but under the effect of price increases, gross margin jumped 17% in the third quarter, single-season EPS reached 1.03 yuan, double the recent highs, the company optimistic about the short-term gross margin.
Corporate estimates, the fourth quarter of the e-commerce can still maintain a relatively good water level, single-season EPS is expected to maintain the level of about 1 yuan, the annual EPS can stand 3 yuan, the point of view 3.2, 3.3 yuan.
According to the legal person assessment, next day, the E-Trade Company has stabilized in the Taiwan Strait. Aluminum capacitors and MLCC prices have been on the upsurge. The annual revenue is expected to resume its growth. EPS has the opportunity to maintain the high water level of 3 yuan.