1. The overall market will pick up, and the peak shipments of Lansi Technology in the second half of the year will exceed last year.
Set micro-network news (text / Lee), Lansi Technology recently held an analyst meeting with major investment funds and securities companies. Lansi Technology said that the first half of 2018 net profit increased by 40% -60%, mainly on In the second half of the year, the mobile phone industry is not strong enough. Although the sales of Lansi Technology in the second quarter have been greatly improved, the new models of the Android series have more new specifications and the growth rate is uneven, which affects the gross profit margin of the products.
In the second half of this year, the new products of Lansi Technology have started production and delivery. However, due to the further improvement of the quality requirements of the downstream display industry, we have stricter control over the yield and quality of the products. Last year. The following are the main contents of investor relations activities:
Investors: The basic situation of operating results in the first half of the year? A: The sales revenue growth in the first half of the year was not much different from the expected. The net profit increased by 40%-60% year-on-year. The operating profit was different from the original expectation, mainly due to the performance forecast. To explain. The main reason is that the industry's vitality is not enough in the first half of the year. Although the sales in the second quarter have been greatly improved, the new models of the Android series have more new specifications and the yield climbs are uneven, which affects the gross profit margin of the products. R&D attaches great importance to it. In the second half of the year, new products will continue to be mass-produced. All major customers will support the company in the form of price compensation and R&D subsidies to develop new products, new processes, new equipment, etc., proofing and development expenses. Slowly accepted by other brands.
Investors: The stocking situation of new products in the second half of the year and the expected peak shipments? Lansi Technology: The new products in the second half of the year have already started production and delivery, but due to the further improvement of the quality requirements of the glass in the downstream display industry, we are good at the factory. The rate and quality of the check is more stringent. The peak shipments in the second half of this year will exceed last year.
Investors: Why does the company invest in Haoen Acoustics? Lansi Technology: On the one hand, it is financial investment, on the other hand, the company builds an industrial group around mobile phone related fields, so as to provide more products and services to customers in the future.
Investors: The market as a whole has signs of recovery, does the company feel it? Lansi Technology: Yes. In the first half of 2018, Huawei, OPPO, VIVO, Xiaomi and other major domestic brands released and produced a variety of mid-to-high-end new models. Among them, many models have double-sided glass with front and rear cover, and the design of 3D curved glass has put a lot of demand on our products.
Investors: 3D glass expansion in the same industry, the company's situation? Lansi Technology: The company's production of 3D glass in the first half of this year has exceeded the whole year of last year, the whole year is expected to be around 60-70 million pieces.
Investors: What is the progress of Randy? Lansi Technology: The blueprint is now in the proofing, trial production phase, and the second half of the year began to ship. Currently mainly to do handheld game consoles and other products.
Investors: The company's ceramics, sapphire and other business in the first half of the year and the second half of the outlook? Lansi Technology: Smart wearable devices and tablet PCs will be launched in the second half of the year. Ceramics, sapphire, after the previous period of new technology, New technology exploration, related new products have been mass-produced this month, and the newly added capacity has been gradually completed.
Investors: The shareholders' meeting for lowering the convertible bond conversion price has not passed. What does the company think? Lansi Technology: The on-site voting was approved, mainly because Hong Kong investors voted a lot on the Internet. The company's second largest shareholder, Qunxin Company Because of the holding of convertible bonds, and the first major shareholder as a concerted action, they all avoided voting. From the perspective of the company's additional shares in 2016, the initial conversion price of this convertible bond is relatively high, and the latest effective conversion. The price gap between the price and the current stock price is also large, which is unfavorable for the conversion. Therefore, the company hopes to facilitate the conversion of the convertible bond holders by appropriately cutting the price of the converted shares, because the convertible bond holders will eventually convert the shares. Moreover, if the convertible bonds are not converted into shares, the company will increase the company's financial expenses by more than 200 million yuan, which will also have a certain impact on the company's profit. Therefore, it is also beneficial for the old shareholders to properly cut the conversion price, even if all the shares are converted. The dilution of earnings is only about 2%.
Investors: Reasons for large fluctuations in net profit? Lansi Technology: According to the rhythm of new model innovation of terminal brand customers, the year shows the rules of the new year and the small year. Since last year, the major brand customers have determined the double glass solution. The demand for the company's products has increased. However, because the company is a heavy asset industry, regardless of the income, a fixed large amount of cost can not be avoided, so the profit of the peak season is highly volatile. And each generation of products has different technologies and specifications. In the new product development phase, the yield needs to climb. The first half of the year is the industry's off-season, which are the influencing factors of net profit fluctuations.
From 2020 onwards, the communication technology will transition from 4G to 5G. From 2020 to 2023, it is expected that the continuous exchange boom triggered by 5G will bring the industry to a high growth trend.
Investors: The impact of exchange rate fluctuations on the company in the first half of the year? The company's related hedging measures? Lansi Technology: The appropriate depreciation of the RMB is beneficial to the company. The overall exchange loss of the company in the first half of the year was about 1.3 billion. The company reduced the balance of assets and liabilities by trying to balance Small exchange risk, you can also hedge risk through financial derivatives, but exchange rate fluctuations are too fast, there are many influencing factors, the situation is very complicated, it is difficult to avoid completely.
Earlier, Lansi Technology announced that the company's net profit in the first half of this year increased by 40% to 60% over the same period of the previous year, and the profit was 435,484,100 yuan to 499,769,200 yuan.
In this regard, Lansi Technology said that in the first half of 2018, Huawei, OPPO, VIVO, Xiaomi and other major domestic brands released and mass-produced a variety of mid-to-high-end new models, many of which used front and rear cover double-sided glass. The design of 3D curved glass has put a lot of demand on our products. However, the market demand for consumer electronics is generally weak. A large number of new products are put into production and lead to increased yield loss. In addition, due to the expansion of the company and the increase in the number of first-line production employees, Related depreciation of fixed assets, staff costs and other costs have increased significantly.
In addition, during the reporting period, Lansi Technology cooperated with major brand customers to carry out research and development of new technologies, new materials, new processes, new equipment, etc., preparing for the production season in the second half of the year, and investing a lot of research and development expenses. At the same time, the company also received A large amount of R&D income paid by the customer. The impact of non-recurring gains and losses on the current net profit is about 851,145,700 yuan. (Proofreading/Lee)
2. Xinwangda plans to acquire 725 million shares of Dongguan Liwei's remaining 49% stake
Set micro-network news (text / Lee), Lansi Technology recently held an analyst meeting with major investment funds and securities companies. Lansi Technology said that the first half of 2018 net profit increased by 40% -60%, mainly on In the second half of the year, the mobile phone industry is not strong enough. Although the sales of Lansi Technology in the second quarter have been greatly improved, the new models of the Android series have more new specifications and the growth rate is uneven, which affects the gross profit margin of the products.
In the second half of this year, the new products of Lansi Technology have started production and delivery. However, due to the further improvement of the quality requirements of the downstream display industry, we have stricter control over the yield and quality of the products. Last year. The following are the main contents of investor relations activities:
Investors: The basic situation of operating results in the first half of the year? A: The sales revenue growth in the first half of the year was not much different from the expected. The net profit increased by 40%-60% year-on-year. The operating profit was different from the original expectation, mainly due to the performance forecast. To explain. The main reason is that the industry's vitality is not enough in the first half of the year. Although the sales in the second quarter have been greatly improved, the new models of the Android series have more new specifications and the yield climbs are uneven, which affects the gross profit margin of the products. R&D attaches great importance to it. In the second half of the year, new products will continue to be mass-produced. All major customers will support the company in the form of price compensation and R&D subsidies to develop new products, new processes, new equipment, etc., proofing and development expenses. Slowly accepted by other brands.
Investors: The stocking situation of new products in the second half of the year and the expected peak shipments? Lansi Technology: The new products in the second half of the year have already started production and delivery, but due to the further improvement of the quality requirements of the glass in the downstream display industry, we are good at the factory. The rate and quality of the check is more stringent. The peak shipments in the second half of this year will exceed last year.
Investors: Why does the company invest in Haoen Acoustics? Lansi Technology: On the one hand, it is financial investment, on the other hand, the company builds an industrial group around mobile phone related fields, so as to provide more products and services to customers in the future.
Investors: The market as a whole has signs of recovery, does the company feel it? Lansi Technology: Yes. In the first half of 2018, Huawei, OPPO, VIVO, Xiaomi and other major domestic brands released and produced a variety of mid-to-high-end new models. Among them, many models have double-sided glass with front and rear cover, and the design of 3D curved glass has put a lot of demand on our products.
Investors: 3D glass expansion in the same industry, the company's situation? Lansi Technology: The company's production of 3D glass in the first half of this year has exceeded the whole year of last year, the whole year is expected to be around 60-70 million pieces.
Investors: What is the progress of Randy? Lansi Technology: The blueprint is now in the proofing, trial production phase, and the second half of the year began to ship. Currently mainly to do handheld game consoles and other products.
Investors: The company's ceramics, sapphire and other business in the first half of the year and the second half of the outlook? Lansi Technology: Smart wearable devices and tablet PCs will be launched in the second half of the year. Ceramics, sapphire, after the previous period of new technology, New technology exploration, related new products have been mass-produced this month, and the newly added capacity has been gradually completed.
Investors: The shareholders' meeting for lowering the convertible bond conversion price has not passed. What does the company think? Lansi Technology: The on-site voting was approved, mainly because Hong Kong investors voted a lot on the Internet. The company's second largest shareholder, Qunxin Company Because of the holding of convertible bonds, and the first major shareholder as a concerted action, they all avoided voting. From the perspective of the company's additional shares in 2016, the initial conversion price of this convertible bond is relatively high, and the latest effective conversion. The price gap between the price and the current stock price is also large, which is unfavorable for the conversion. Therefore, the company hopes to facilitate the conversion of the convertible bond holders by appropriately cutting the price of the converted shares, because the convertible bond holders will eventually convert the shares. Moreover, if the convertible bonds are not converted into shares, the company will increase the company's financial expenses by more than 200 million yuan, which will also have a certain impact on the company's profit. Therefore, it is also beneficial for the old shareholders to properly cut the conversion price, even if all the shares are converted. The dilution of earnings is only about 2%.
Investors: Reasons for large fluctuations in net profit? Lansi Technology: According to the rhythm of new model innovation of terminal brand customers, the year shows the rules of the new year and the small year. Since last year, the major brand customers have determined the double glass solution. The demand for the company's products has increased. However, because the company is a heavy asset industry, regardless of the income, a fixed large amount of cost can not be avoided, so the profit of the peak season is highly volatile. And each generation of products has different technologies and specifications. In the new product development phase, the yield needs to climb. The first half of the year is the industry's off-season, which are the influencing factors of net profit fluctuations.
From 2020 onwards, the communication technology will transition from 4G to 5G. From 2020 to 2023, it is expected that the continuous exchange boom triggered by 5G will bring the industry to a high growth trend.
Investors: The impact of exchange rate fluctuations on the company in the first half of the year? The company's related hedging measures? Lansi Technology: The appropriate depreciation of the RMB is beneficial to the company. The overall exchange loss of the company in the first half of the year was about 1.3 billion. The company reduced the balance of assets and liabilities by trying to balance Small exchange risk, you can also hedge risk through financial derivatives, but exchange rate fluctuations are too fast, there are many influencing factors, the situation is very complicated, it is difficult to avoid completely.
Earlier, Lansi Technology announced that the company's net profit in the first half of this year increased by 40% to 60% over the same period of the previous year, and the profit was 435,484,100 yuan to 499,769,200 yuan.
In this regard, Lansi Technology said that in the first half of 2018, Huawei, OPPO, VIVO, Xiaomi and other major domestic brands released and mass-produced a variety of mid-to-high-end new models, many of which used front and rear cover double-sided glass. The design of 3D curved glass has put a lot of demand on our products. However, the market demand for consumer electronics is generally weak. A large number of new products are put into production and lead to increased yield loss. In addition, due to the expansion of the company and the increase in the number of first-line production employees, Related depreciation of fixed assets, staff costs and other costs have increased significantly.
In addition, during the reporting period, Lansi Technology cooperated with major brand customers to carry out research and development of new technologies, new materials, new processes, new equipment, etc., preparing for the production season in the second half of the year, and investing a lot of research and development expenses. At the same time, the company also received A large amount of R&D income paid by the customer. The impact of non-recurring gains and losses on the current net profit is about 851,145,700 yuan. (Proofreading/Lee)
3. Shennan Circuit Chairman resigned from Radium
According to the micro-network news, since July, domestic PCB manufacturers have issued price increase notices, saying that they are affected by environmental protection and production of copper-clad boards, copper foil and other raw materials, and enterprises choose to increase prices. As one of the domestic PCB leaders The Shennan circuit revenue benefited synchronously, and the company's stock soared.
However, while the performance of the stocks rose, the Shennan circuit ushered in major personnel changes.
On the evening of July 18, Shennan Circuit issued a notice saying that the board of directors of the company recently received a written resignation report from the chairman of the board, and its report came into effect when it was delivered to the board of directors. The application for resignation from the company’s chairman and director was made by ra Member of the Board of Directors Strategy Committee and Convener.
The announcement disclosed that, as of now, Rai did not hold the company's shares, and after resigning, Rai no longer held any position in the company.
At the same time, the board of directors of Shennan Circuit recently received a written resignation report from the director and general manager Yang Zhicheng. According to the disclosure, Yang Zhicheng applied for resignation as general manager of the company due to work reasons, and the resignation report took effect from the time of delivery to the board of directors; Yang Zhicheng resigned from the above duties. , served as the chairman of Shennan Circuit. (Proofreading / Xiaobei)
4. The new iPhone charger Type C replaces USB-A, and the industrial chain is fully open.
According to a comprehensive report on the micro-network, Apple's upcoming new iPhone charger will be redesigned.
Apple's upcoming new iPhone charger will be redesigned. The interface will replace the existing USB-A interface with Type C for the first time. Lite-On will obtain a new charger order, and the factory capacity will be fully opened.
According to industry analysts, Type C has no advantage in traditional USB transmission in charging, transmitting data, audio and video functions. After Apple, Intel, Microsoft, Google, Amazon and other international manufacturers have supported this specification, they dominate the terminal electronics industry. The situation of the unified rivers and lakes will be set, which will bring huge business opportunities to the relevant chip factories.
As more than 180 million new iPhone shipments are seen, each new machine will be shipped with a new charger. Demand will burst, and a new wave of upgrades will be pushed up. Dip light.
It is understood that Taiwan's power supply double-powered Delta, Lite-On is Apple's supply chain, Delta's main high-priced Apple notebook Mac series charger; Lite-On covers notebooks, desktops, and iPhones, etc. Product. However, the two companies' speaking system did not respond to the order dynamics on the 18th.
Foreign company disclosed that Apple's new iPhone will import Type C interface, which is the first time that the iPhone adopts Type C. The new Type C interface is not placed on the mobile phone, but on the charger side, replacing the existing USB-A, mobile phone. The interface still maintains Apple's exclusive Lightning interface.
According to foreign reports, the new iPhone charger will be manufactured by Lite-On, Flextronics and Artesyn. The 5W (Watt) old iPhone charger, traditionally known as the 'tofu head', will be phased out and replaced with a new 18W fast charge. Head, the upgrade replacement needs will be considerable, Guangbao and other power supply providers that supply Apple charging heads, become the number one beneficiary.
According to the supplier, this new specification of the charger will be supplied with the new iPhone bundle package. As the new iPhone shipments are over 180 million, the initial demand is large, and the production capacity of Lite-On and other operators is high. Fully open, full-time work, can only give priority to the demand for bundled shipments with new machines, can not be purchased separately in other retail channels, so early consumers may find it difficult to buy new chargers in the general channel, especially the initial demand Big.
In addition, Zhengyi, Continental Lixun used to be the main supplier of Apple's cable, and this time it is expected to follow the switch to the new project. Due to the iPhone's transmission charging line, although one end maintains the Lightning interface, the other end is changed from USB-A to Type. C, will also ignite the upgrade tide of the connection line.
Type C has the advantages of fast transmission speed and fast charging speed, and both front and back can be plugged and unplugged, regardless of the direction of the plug, which is considered to be the trend of the times.
Type C is a hardware interface of the new generation universal serial bus (USB). The maximum transmission speed is 10Gbps, which is up to 20 times faster than the original mainstream USB-A interface. The maximum power supply capacity is 100W, which is 2.5W compared with the traditional USB-A. , charging faster.
In addition, Type C's port size is only 8.3x2.5mm, which is smaller than USB-A's 12x5mm. It is more conducive to the development of mobile computing devices such as smart phones, which are light and thin, and can be inserted in both front and back. Many advantages in one, is regarded as the mainstream of the future transmission interface.
In terms of Type C related ICs, the new iPhone introduces Type C for the first time, and supports fast charging function, which is expected to make related technologies more popular. Angbao, Yuchuang, Weiquan Electric and other IC design factories in Type C and fast charging chips. Thanks to the big benefit, Angbao's fast-charged chips will increase sharply this year, and the performance is relatively bright.
Among them, Angbao has been introduced by NB manufacturers. USB-PD started to increase in volume at the beginning of this year, and its shipment was better than expected. In particular, the company has entered the supply chain of another new brand customer this year with its cost-effective advantages. Both major customers are the world's top three NB brands. In the first half of the year, USB-PD chip revenue will increase to 10% to 15%, which is a multiple growth compared with the same period last year. The number of digits has increased quarterly.
The company has joined hands with its group to launch the USB Type C PD 3.0 control chip. It has passed the Quick Charge 3.0 certification. It can choose the best power supply voltage according to the different properties of the mobile phone, and double the charging speed of the mobile phone. The maximum transmission power is up to 100 watts, and the highest data transfer rate is USB 3.1 10Gbp.
We also cut into the USB-PD control chip and passed the USB Developer Forum (USB-IF) certification. The USB-PD control chip is widely used to support the emerging Type C product power supply.
5. The demand for lenses has surged, and the six optical lens factories have expanded.
The multi-lens of smart phones, coupled with the surge in demand for vehicles, the demand for detonating lenses is widening, facing a shortage of supply. In response to customer demand, Da Liguang, Yujingguang, Xinkeke, Jialing, Guangyao, Advanced Light, etc. The lens factory will expand significantly, and it is estimated that the overall production capacity will increase by 50% or even double in the next three years.
Smartphones are still the biggest mainstream application of the lens, although the outside world has questioned that the smartphone market may face saturation. However, Dali’s CEO Lin Enping said that the lens demand has not been reduced, and the technical process is difficult to pull. Moving parts, moving towards dynamic design, he is still optimistic about the growth of plastic lenses.
Lin Enping revealed that the new plant is mainly an extension of the mobile phone lens application. It will see this new technology as soon as 2020. The external interpretation may be related to Augmented Reality (AR), the application of optical lens is diversified, the demand is strong, and it may fall back to supply and demand. The gap, let the optical factory eager to find a place to expand production.
Yujingguang also continued to expand the capacity of the Xiamen plant. Last year, it invested more than 1 billion yuan to replace the old equipment. It is estimated that this year's capital expenditure will not lose last year.
Xinyi Branch originally focused on production in Dongguan. At present, it intends to transfer back to Taiwan. It will search for 2 hectares near Taichung and expand about 6,000 pings. Guangyao originally produced a major town in Yancheng, Jiangsu. It is understood that it was near the plant last year. Another piece of land was expanded to support the demand for orders. Jialing was looking for a land expansion in Taichung, mainland China or Vietnam.
6. Inventory of domestic 'small and beautiful' six large packaging and testing plants: Hongguang shares, Liyang chips......
According to the China Semiconductor Association, the sales of the domestic integrated circuit packaging and testing industry reached 188.97 billion yuan in 2017, a year-on-year increase of 20.8%. In addition to Changjiang Electronics Technology, Tongfu Microelectronics , Huatian Technology, through its independent research and development and mergers and acquisitions, it has become one of the top ten packaging and testing companies in the world. There are also some small and medium-sized manufacturers who take the 'small and beautiful' route, such as the core technology of power supply chip packaging and testing. Global fingerprinting test market, the market share of the market share of 20% of the Liyang chip and other packaging manufacturers, through the new three board listing in their respective fields to create a day.
According to incomplete statistics of the micro-network, there are 49 integrated circuit companies among 124 new three-board semiconductor companies, including Hualing, Dentsu, Hongguang, Liyang, Hualong Microelectronics, and Core Zhe. A total of six technology-focused packaging testing sessions.
MEMS Packaging Leader: Red Light Hongguang is a company specializing in semiconductor discrete devices, integrated circuits, MEMS packaging and testing. At present, Hongguang has adjusted its production capacity structure to MEMS. In 2017, MEMS production doubled and successfully developed for automobiles. Power device products in the field of audio and other fields further consolidate the company's strong position in the field of MEMS packaging.
In 2017, the company achieved an operating income of 200 million yuan, a year-on-year increase of 12.1%, and a net profit of 15.294 million yuan, a year-on-year increase of 53.11%.
Third-party independent tester: Hualing shares Hualing is the largest third-party independent tester in China. Its main business is wafer testing, finished product testing and test program development. The products cover computer, communication, broadband, data storage, consumer electronics, new electronics and other fields. The main customers are Shanghai Fudan Microelectronics and SMIC.
In 2017, Hualing shares achieved revenue of 126 million, a year-on-year increase of 3.54%; net profit of mothers was 33.722 million, down 43.09% year-on-year.
Fingerprint recognition test market share of 20%: Liyang chip Liyang chip specializes in integrated circuit testing business, with information security, Beidou navigation, smart meter, SOC, touch, fingerprint identification and other product types of test program development and testing mass production experience. Especially in fingerprint identification chip testing, the company It has a leading position in China. Huiding Technology, which has a relatively high global fingerprint identification product market, is a major customer with more than 50% of Liyang's chip revenue.
In 2017, Liyang chip realized revenue of 129 million yuan, a year-on-year increase of 34.4%. Net profit of returning to mother was 2015.5 million yuan, up 38.05% year-on-year, and gross profit margin was 44%. Relying on quality customers, Liyang chip fingerprint recognition chip test accounted for 20% share of the global market. The company has laid out IoT (Internet of Things) and RF (radio frequency) chip business in advance, including smart home, smart wear, intelligent transportation, intelligent logistics, intelligent security, intelligent medical, etc. Profit growth point.
Focus on power management field testing: Core Philosophy Founded in June 2007, Xinzhe Technology is an integrated circuit packaging and testing company engaged in power management. Its main customers are BYD, Shanghai Huahong NEC, Shanghai Belling, BCD and overseas customers.
Core Zhe Technology's operating income in 2017 was 176 million yuan, an increase of 16.37% over the same period of the previous year; the net profit attributable to the listed company's shareholders was 3.5896 million yuan, a decrease of 48.84% over the same period of the previous year.
Leading power device package tester: Hualong Microelectronics Hualong Microelectronics is mainly engaged in the packaging and testing business of semiconductor chips. There are three main types of products for production and operation: The first category is the packaging test of traditional power devices and new energy-saving power devices. It has built a stable supporting production customer, domestic power devices. Leading companies, such as Jilin Huawei, China Resources Huajing, and Shenzhen Semiconductor products have formed production facilities here.
The second category is the package test of Hall driver ICs. The new leader of Hall IC products, Shanghai Xinjin Semiconductor, Shaoxing Everbright Industrial Co., Ltd. has also achieved the production capacity. The third category is the package of LED driver circuit and power device combination device. Testing. Products are mainly used in computers and peripherals, communications equipment, lighting, automotive electronics, electronic control toys, household appliances and other consumer electronics and other fields.
In 2017, Hualong Microelectronics realized operating income of 36.176 million yuan, an increase of 16.57% over the same period of last year; net profit attributable to listed company shareholders was 454,600 yuan, a decrease of 53.04% over the same period of last year; basic earnings per share was 0.03 Yuan, a decrease of 57.14% over the same period of the previous year.
Transforming pressure sensor: Dentsu micro-electric Dentsu Micro-Electronics Co., Ltd. is a professional enterprise engaged in integrated circuit (IC) measurement, wafer cutting, chip packaging testing, MEMS pressure sensor research and development, production and sales. In 2015, Shenzhen Dentsu Wistron Co., Ltd. and the United States ALL SENSORS has established Shenzhen Huamei Aotong Sensor Co., Ltd. to develop, manufacture and sell pressure sensors.
In 2017, Dentsu Micro-Electronics achieved revenue of 104 million yuan, a year-on-year increase of 37.88%; net profit of home equity was 5.429 million yuan, up 3.55% year-on-year.