Youku Group has successfully transformed into a connector factory in recent years. The main core products are multi-mass but high-precision precision products that need to be highly automated. For example, the DDR series is one of the representatives. Especially in recent years, the company has upgraded to DDR4 generation. With its special design and automation capabilities, Achieved a higher market share than the previous generation, driven by revenue in recent years continued to rise in profitability, the technical capacity of downstream brands and foundries recognized by customers, the company also plus code more technology and customer threshold of the component products, Is expected to start under the wave growth momentum.
In the field of notebooks, excellent group in DDR4 is the leading supplier of the US Department of the pen, in the overall market penetration in DDR4 has been high, the next growth momentum focused by the management team, is expected to start a new one Wave I / O revolutionized the Type C, which in the field of connectors, the company has made the same is the world's top three power plant customers first-class certification, the new machine is expected to gradually heavy volume after March, the other belong to the United States Department Of the top three large power plants, the introduction of new machine production opportunities are expected to be placed in the second half.
Not only Type C connectors, excellent group in the assessment also believe that the consolidation of wire rod shipments, technically the company should not be too difficult, and a single set of wire unit price is expected to be higher than a single connector Times, the company locked the key customers, but also have customers expressly type will be gradually into a new type of wire standard equipment, the fastest group this year have the opportunity to enter its supply chain, assuming a smooth, it will be 2019 is very Important growth momentum.
In addition to the laptop segment, the server is also a niche market for follow-up customers, including Long Dimm, the memory slot's new spec, which is also a relatively limited market for competitors. The company's products have also been sent to foundry customers Certification, the future have the opportunity to take the lead from the field of white card, card bit high-speed computing opportunities.
It is understood that the car is excellent group quiet layout in recent years, expected to gradually enter the field of harvest by 2020, before the indirect delivery of BMW's Smart KEY on the connector, the company has recently obtained ISO / TS16949 car Standard, and with such as Realtek (2379) and MediaTek (2454) Wafer Factory, with the required audio and video transmission connector board, the second half have the opportunity to introduce a small amount of a domestic own brand car models, As a test of water temperature, the future will also increase through participating exhibitors and product lines, boosting the revenue contribution of the car.
Internal analysis, due to the shock absorber connector specifications, in recent years has also been a lot of intends to develop towards the IOT (Internet of things) appliance customers, but rather car business group faster harvest product line.
Corporate estimates, excellent group last year, after tax earnings per share nearly 3 yuan, the previous year's cash dividend distribution rate calculation, each with the opportunity to match the cash dividend of 2.2 yuan, the conversion of implied cash yield nearly 7% this year in the Type C Connectors and Cables With the major adoption by major laptop customers, revenue is expected to see double-digit revenue growth. As long as the exchange loss does not exceed expectations, the after-tax earnings per share should challenge over $ 3.5.