Set micro-network news (text / Lee), July 4, Jingwei Hui development of 2018 semi-annual performance forecast, during the reporting period, the company achieved net profit attributable to shareholders of listed companies 5,086.74 - 5,556,28 thousand, expected than the previous year The same period increased: 225% -255%.
Jingwei Huikai said that the main reason for the company's performance growth was that during the reporting period, the subsidiary Xinhuikai Technology (Shenzhen) Co., Ltd. had a good business development and the sales of major products grew steadily. During the reporting period, the subsidiary Tianjin Jingwei was able to The Changji-Guquan 1100kV UHV DC engineering reactor products won the bid for Electrical Equipment Co., Ltd., which is also one of the reasons for the company's performance growth; the non-recurring gains and losses during the reporting period are about 3.8 million yuan.
It is reported that Jingwei Huikai's business scope includes production and operation of touch screen, backlight, integrated circuit lead frame, liquid crystal display and circuit accessories, small household circuit products (excluding license management national limited products); assembly of integrated circuit blocks; production and operation Telephones and related accessories, mobile phone accessories, related electronic products; production, processing, sales of wires, cables, non-ferrous materials, insulating materials, silicon steel sheets, reactors (proofing / Lee)
2. Nanda Optoelectronics expects net profit in the first half of the year to increase by 51%-66%
Set micro-network news (text / Lee), Nanda Optoelectronics recently announced that the company's net profit for the first half of this year is 28.2 million -31 million yuan, an increase of 50.66% -65.62%.
3. Mainland's limited discharge effect, small and medium-sized PCB factories are facing the tide of closure, copper foil substrate prices increase by 5~10%
In the rapid fermentation of the follow-up effect caused by the mainland's limited discharge, industry insiders said on the 4th that the relevant policies have hit the second-line land-based factories that are not law-abiding. At present, the local atmosphere and the Taoyuan area in Taiwan two years ago began to pay attention to the environmental waste recycling. Taiwanese factories are relatively unaffected by the high-standard environmental protection mechanism.
The mainland began to conduct environmental inspections for many electronic manufacturing and chemical materials industries this year. The industry mentioned that, especially this year, the new environmental protection tax is on the road, although the official is mainly to replace the sewage charges, although the sewage charges may be changed from official fees in the park. It is covered by the environmental protection tax, but the actual operation still needs to pay the waste processor related expenses, so it is equal to adding an environmental tax.
Due to the high production costs, coupled with the mainland's official rectification of illegal discharge of waste water and waste gas manufacturers, local industry believes that there is at least one wave of small and medium-sized PCB manufacturers facing the collapse of the mainland this year.
In addition, mainland China has also added environmental impact assessment projects to manufacturers' expansion. The industry believes that this is more stressful for small and medium-sized land-based factories that have not yet achieved economic scale. Overall, the environmental protection problems of land-based factories are indeed better than those of Taiwan-funded factories. severe.
For example, local experts and scholars are required to report whether the air pollution and waste are in compliance with the relevant expansion plans, whether energy conservation, carbon reduction and water pollution prevention, etc. The expert report must be borne by the manufacturer, and the price of the article is tens of thousands of yuan. At the same time, there are also security systems required to prevent job damage, etc., which is a huge pressure on small and medium-sized manufacturers.
Under the effect of limiting the discharge, the price of copper foil substrate CCL is increased by 5% to 10%.
The mainland's limited production caused the local PCB manufacturers to have a high production cost. As the industry's peak season approached, the demand for the industry increased. The mainland index factory shouted a 5% to 10% increase in copper clad substrate material (CCL) in July. The price rose and peak season. The effect, Taiwan Optoelectronics, Lianmao, Tai Yao and other Taiwanese manufacturers benefited simultaneously.
CCL is also the key electronic material for the first time after the mainland's expansion of the restricted row. In terms of production, the industry generally expects that the CCL plant will obviously feel the demand for terminal pull in the third quarter of this year. Taiwan Optoelectronics mentioned that the overall July The production line has been much more busy than before, and there is also the need for overtime work. As for Lianmao, the quarterly growth target has been set, and this direction has not changed.
It is reported that the Zhongxin Group, which is the world's largest PCB production capacity, and the Shandong-based Jinbao and other land-based PCB indicator factories, all reported a CCL increase in July. The land-based factory admitted that the production cost was due to strict environmental protection. To improve, it is necessary to raise the price to reflect the cost trend; Taiwan Optoelectronics, Lianmao also closely followed the development of market conditions on the 4th, maneuvering in response to price trends.
According to the Zhongzhongxin laminate and Shandong Jinbao, environmental factors have caused the prices of chemical raw materials to rise. To ease the production pressure, all thicknesses of CCL sheets will be increased by RMB 5 yuan and RMB 10 per piece. Industry observations, according to the two The average price of low-end products is converted. The brewing price is about 5% to 10%.
The third quarter of the calendar year is the peak of consumer electronics manufacturing. The industry observes that PCB is the mother of electronic materials, involving the production of high-end flagship models such as the iPhone. The CCL for PCB applications can be replaced by other materials. The big manufacturers began to push up the price increase and extended to medium and high-end sheet products, which is beneficial to Taiwan-funded related materials suppliers such as Taiwan Optoelectronics, Taiyao, and Lianmao.
For the mainland capital CCL to call for price increases, Taiwan Optoelectronics believes that if the news is true, consider the current environmental protection in the mainland, do not rule out the local CCL factory for the thick-plate related low-end product price increases, from the current market situation, the acceptance is higher. Taiwan Optoelectronics focuses on the HDI process for mid- to high-end mobile phones. This part of the quotation is still subject to demand in the peak season.
As the land-based factories that circulated the price increase notice were mainly for the application of bulk products, Lianmao mentioned yesterday that it seems that the industry has thrown a price increase message to test the water temperature, and the follow-up still depends on the supply and demand of the products.
Copper foil substrate (CCL) is a key material for printed circuit boards (PCBs). There are no other materials that can be replaced, accounting for more than 50% of PCB production costs. PCB has the reputation of 'the mother of industry', and CCL, which plays a key role in PCBs, Become the key to the circuit connection design of 3C electronic products.
The world's top three CCL suppliers are Jianye Group, Shengyi, South Asia. Economic Daily
4. iPhone is equipped with three lenses to increase the supply chain
According to foreign reports, Apple plans to use three lenses for the new iPhone rear lens next year. The 3D sensing function will be more powerful. The lens supplier Da Liguang, Yu Jingguang benefited deeply, and the demand for 3D sensing components has also increased significantly. Helps to promote the current stable growth of exclusive suppliers.
Foreign media believes that in terms of hardware specifications, next year's new iPhone rear lens is much more advanced than the existing iPhone X's front-mounted 3D sensor, and will be responsible for performing Augmented Reality (AR) functions.
This also means that the iPhone may be introduced into the popular AR application for the first time next year. It is expected to stimulate the purchase of fruit powder, focus on sales, and increase the power of the supply chain.
In addition, the three-lens architecture can realize stereoscopic imaging. Two of the lenses can capture images from different angles, and the distance between the target and the mobile phone is measured by triangulation.
Huawei launched the new flagship P20 Pro, the first three-lens design, set off a new topic in the market. Da Liguang CEO Lin Enping also optimistic about the multi-lens to become a new trend in mobile phones. In the second half of the year, Da Liguang came from three lens design cases, and the design was The three lenses have advantages in low illumination and high resolution.
Although the outside world questioned the smartphone market may face saturation, Lin Enping believes that the lens demand has not been reduced, and the technical process is difficult to pull, from the static lens combined with other moving parts (drive motor), to the dynamic design, plus the current mobile phone trend Full screen design, lens space is getting smaller and smaller, this is a challenge for engineering.
The iPhone X is equipped with a 3D sensing lens design. After becoming a dual lens, another new highlight of the smartphone. The optical factory has added a receiving lens from the front lens. Da Liguang recently revealed that it will use the full P design. Another launch lens, if the iPhone launches the rear three lens design next year, the lens demand is more powerful, which also explains why Da Liguang has been looking for land expansion and capacity expansion.
Yujingguang invested more than NT$1 billion in capital expenditures such as equipment expansion last year, which is a three-year high. Yu Tianguang’s chairman Chen Tianqing said recently that it is estimated that this year’s capital expenditure will not be lost last year.
Steady Chairman Chen Jincai said recently that the 3D sensing components are designed, certified, mass-produced and other three steps. When it is quite a waste of time, it will not be completed overnight. From the current situation, it is confident that this year is still a big customer. '(meaning Apple iPhone) exclusive supplier. Economic Daily
5. Tiegu Apple analyst Guo Mingwei: Raising the proportion of new iPhone shipments
Well-known Apple analyst Guo Minghao released a research report in the evening on Thursday (4th), revised the shipment forecast of the new iPhone in the second half of 2018, and increased the shipment of the 6.1-inch LCD iPhone. The relevant supply chain is expected to benefit.
Guo Minghao pointed out in the research report that it is estimated that the 6.1-inch LCD iPhone will be shipped earlier than the market expects, and the demand for the new 6.5-inch OLED may be better than market expectations, so the new iPhone will be estimated in the second half of 2018. %, the estimated shipments from 7500-8 million to 80-90 million.
Guo Minghao also estimated that the new iPhone will have a smaller shipment in Q3 this year. It is estimated that the shipment will fall between 15 million and 20 million. As time goes to Q4 in the peak season, the new iPhone shipments are estimated. Will be quickly enlarged to between 60 million and 70 million.
More importantly, Guo Minghao said in the research report that since iOS12 provides an innovative experience of soft and hardware integration, it is expected that the new iPhone will not only maintain the annual growth rate of shipment growth in the second half of 2018, but even the shipment effect is estimated to be deferrable. To the first half of 2019.
Guo Minghao expects that the 6.5-inch OLED iPhone will not sell more than the iPhone X, and will also be equipped with a larger screen. The dual-card dual-standby and chassis colors may have black, white and gold options, so it is estimated that the demand in the high-end market will be better than that of the iPhone. X.
The 6.1-inch LCD iPhone is expected to have a full screen, Face ID, and the price is less than $700. The dual-card dual-standby and chassis colors may be gray, white, blue, red and orange, etc., so it is expected to be compared to the iPhone. 8 / 8s is more able to drive the change of demand, Guo Minghao believes that the market is still low for the new iPhone in the second half of 2018, now just the best time to lay out the Apple supply chain.
Guo Minghao named the Taiwanese factory, Chengde Holdings, Yusheng, Xinxing, Shan State and other estimates will benefit.
Among them, it can become the chassis supplier with the highest proportion of supply. Liande Holdings is expected to obtain new high-priced support frames and other stamping parts. Yusheng is a new supplier to the supply chain. The casing technology is expected to be verified by Apple. A small amount of shipments to Heshuo (4938-TW), Xinxing is a major supplier of battery hard and soft boards, and Shan State is a panel related supplier.
Guo Minghao also named Luchang Lixun, Ou Feiguang, Crystal Optoelectronics, etc. will benefit.
At the same time, Nissha Printing, Minebea, JDI, Murata, Ibiden; American Synaptics, On Semi, Intel, etc. will also benefit from the same.
6. Samsung will push 3 mobile phones, and the number of mobile phone lenses is increasing.
Da Liguang will announce the company's June revenue after the 5th, and is expected to hit a new high this year. The company will also hold a law conference on July 12, with CEO Lin Enping explaining the second quarter profit and the third. Outlook for the quarter, the industry is concerned that Da Liguang is preparing for the new orders including Samsung and other new orders, the improvement of the new production capacity of the new factory, and the preparation of Da Liguang for the development of new optical applications.
Since Apple’s iPhone X mobile phone led the industry’s 3D sensor lens last year, Huawei’s 3 lens phone, Securities Analysis Zhang Chenhao pointed out that the market’s biggest concern is still targeting Apple’s 3 lens phone next year, followed by virtual reality. (VR), Augmented Reality (AR) and other related designs, whether Da Liguang's design in the lens group is completed.
In the first quarter of Da Liguang, due to the decrease in orders from Apple, the revenue was 8.877 billion yuan, down from the previous quarter and the same period of last year. The gross profit margin was 63.33%, and the net profit after tax was NT$4.019 billion (the same below). Production yield decline and revenue scale has narrowed. Securities analyst Huang Hancheng also said that it is estimated that Da Liguang's second quarter revenue will rebound to more than 12 billion yuan, with a quarterly increase of 35%, while the revenue scale is increasing. Whether the product yield is improved, the gross profit margin is a significant improvement, and it is also the focus of the industry circle.
He also estimated that Da Liguang benefited from the expansion of revenue in the second quarter, and the favorable interest rate of the new Taiwan dollar exchange rate, the second quarter gross profit margin will be in the 66-70% range, should not appear like the revenue from the first In the first quarter, it was 10.107 billion yuan, which grew to 11.314 billion yuan in the second quarter. However, due to the production yield factor, the gross profit margin fell from the historical high level of 70.94% to 66.68%, which was a decrease of 4.26 percentage points from the first quarter. Embarrassed.
Huang Hancheng and Zhang Chenhao are also concerned. After the expansion of production capacity, Da Liguang has made progress in the non-flat camp, especially the Samsung mobile phone, and how many orders have been received. Zhang Chenhao pointed out that Samsung is about to launch a 3-lens mobile phone, which is increasingly demanding for mobile phone lenses. Improve, at this time, Da Liguang can no longer effectively cut in, I am afraid that there will not be too many opportunities in the future.
Da Liguang started construction of the land for construction in Taichung Industrial Zone for more than 1 billion yuan last year. Lin Enping proposed that Da Liguang hopes to acquire another 30,000-30,000 pings to build a factory and expand the production capacity of mobile phone lens. The demand for this land is Da Li. At present, the first and second factories of Taichung Precision Machinery Park cover 2 times of 19,000 ping. The administrative dean, Lai Qingde, also instructed yesterday that it will set up a factory in Da Liguang near Taichung Precision Park. It is expected that this plan will also be A major focus on the secondary Liguang law.