MLCC production capacity, keyboard offer rose | Dafang: profitable imagination in the second half of the year

The electronic peripheral component factory reached the shortage of stock and MLCC of passive components this year. The profit in the second quarter was greatly increased. The EPS reached 1.41 yuan, and the accumulated first half of the year reached 1.91 yuan. (6) On the day of the new capacity, since the third quarter began to join the operation, with the effect of price increases, and the keyboard also benefited from the increase in the proportion of high value-added product lines, 'the profit of the second half is very imaginary space'.

Dafang held a law conference that was smashed for one year yesterday. As the company is a member of the 'MLCC concept stock', and the recent industry news is mixed, it also attracts full legal person to attend. Su Kaijian pointed out that Estimated, the second half of the revenue share is 45: 55, but the second half of the profit will be significantly improved, the third quarter will be better than the second quarter, the fourth quarter is flat or better than the third quarter.

Since its establishment, Dafang has maintained a multi-product line operation mode. However, with the changes in the market and the shift of the industry model, many products have been withdrawn and joined. Currently, it is mainly divided into keyboard peripherals, passive components MLCC and green energy (electric bicycles). , the battery, solar energy) three major sectors, the proportion of the above six months, respectively, 76%, 20% and 5%.

For the keyboard department, Su Kaijian pointed out that Dafang will not pursue the growth of keyboard revenue, but will increase profits, so it will focus on high-end keyboards such as backlight, maglev and e-sports, while high-end keyboards currently occupy the overall keyboard. Shipments accounted for 40%, but revenue contributed more than 60%. He stressed that for the Dafang side, the keyboard department plays the role of 'cash cow'.

As for the sprint profit, it depends on the passive component department. Su Kaijian said that Dafang restarted the MLCC production line from the second quarter of this year, and it is expected to increase the new capacity by 10-15% in the third quarter. The effect is that the MLCC in the third quarter is expected to increase its revenue to 30%, which will lead to a single quarter profit increase compared with the second quarter. He pointed out that the fourth quarter will raise prices for a small number of special products. Industry visibility can be extended to the end of next year.

Su Kaijian stressed that despite the customer's request, but now is not in a hurry to sign a long-term contract with the customer, there are many new customers to take the initiative to talk, there is no problem of oversupply of capacity. In terms of long-term expansion plan, he plans to next year The new equipment stationed in the third quarter will be based on medium and high-end products such as automotive, 5G and high wattage, and will continue to improve the product portfolio.

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