The A -share "fruit chain" enterprises have "got on the car". Apple is not fragrant?

Fengkou Finance reporter Liu Jian

For more than ten years, the Apple industry chain has a large market. The A -share semi -annual report has ended, and the performance of fruit chain companies shows a polarization pattern. However, in the case of consumer electronics, many companies have declined sharply due to high dependence on Apple customers and encountered a greater dilemma.

However, many fruit chain companies have achieved good results, and revenue and net profit have increased significantly. Careful analysis of the semi -annual report of the fruit chain company found that many fruit chain companies have deployed new energy vehicle business and become veritable car chain companies. At the moment of the new energy vehicle becoming a new air, many fruit chain companies have also tasted sweetness in the new energy vehicle business, and they can hedge the decline in the fruit chain business.

Isn't Apple sweet? Is the fruit chain not fragrant?

"Fruit Chain" company's performance in the first half of the year is greatly differentiated

The disclosure of the A -share semi -annual report was over. The performance of the "fruit chain" company was generally average, and the company's performance was very polarized.

The same flower Shunian data shows that there are 111 fruit chain companies, 96 companies with net profit in the first half of the year, and 15 companies with net profit. However, of the 96 companies with a net profit, there are only 47 companies with a net profit of over 100 million yuan, and the remaining 49 companies have a net profit of less than 100 million yuan, of which 21 companies with more than 50 million yuan and 28 companies have net profit. Less than 50 million yuan.

In the first half of the year's net profit ranking, the fruit chain company

From the perspective of the net profit growth rate of the fruit chain company in the first half of the year, 17 companies have doubled, and the most Anjie Technology and Tony Electronics have exceeded 3 times. Hai Neng Industrial, Yunhai Metal, Chaoyang Technology, and Philiptea have grown by more than two times.

Ranking of net profit growth is the top fruit chain company

However, there are also 43 companies' growth rates, including 13 losses. The growth rate of Liyuan Reinforcement and the net profit of Baibang Technology exceeded -400%, the growth rate of the net profit of E-Electronics was -391.90%, the precision victory was -234.74%, and the long -e-profit precision was -213.35%. More than 1 times.

The fruit chain company with a net profit growth rate behind

Regarding the cause of loss, the production interruption caused by the epidemic is on one aspect, but there is still an important reason that the overall demand of the industry is weakening.

Baibang Technology has focused on the after -sales service industry of the mobile phone. It has been authorized by Apple for more than 13 years. In response to the reasons for the loss of losses in the first half of the year, the company said that it was because of strategic reduction of the new machine sales business. Among them, it was affected by the repeated epidemic and the interruption of the supply chain in March to May, and the store maintenance revenue decreased.

Lan Si Technology, one of the "three giants" of the fruit chain, said that in addition to the influence of the industry, the company increased the salary of R & D personnel during the reporting period and increased sales costs to meet market development needs. At the same time, Huanghua and Xiangtan New Park are still in the early stage of construction and operation. The early research and development costs are high, and the income has not yet reached the scale in the short term.

At a recent investor exchange meeting, Lan Si Technology Management revealed that because the overall demand in the first half of the year is not as strong as in previous years, the rate of rivers are relatively low. These are some factors that are closely related to costs. controlling. The second half of the year is mainly excavated internally.

Xinwangda also said that the demand for consumer electronics business has declined.

The net profit growth rate of Gongda Electric Sound in the first half of last year was more than 10 times, but the decline in the first half of this year, the reason is that the growth of consumer electronics sector decreased.

Some fruit chain companies have tasted sweetness in the chain

The semi -annual report of the fruit chain company found that the demand in the electronic consumption field decreased, and many companies seriously rely on the disadvantages of Apple customers. It is a contradictory choice to get rid of Apple and get rid of dependence. Many companies have also begun to develop new areas.

The performance of the fruit chain branches has increased greatly, and its business growth is related to the automobile business. Under the new outlet of new energy vehicles, all industrial chains in society are concentrated. Many companies in the Apple Industry Chain have also begun to penetrate the automotive industry chain.

According to statistics, Anjie Technology, Changyuan Group, BYD, Hengbao (002104.SZ), and Pengding Holdings (002938.SZ) have exceeded 100%of net profit growth in the first half of the year.

Anjie Technology is an Apple Precision Structure Manufacturer. The main business is to manufacture consumer electronics precision devices such as mobile phones, computers, and laptops. An Jie Technology's net profit in the first half of the year was 137 million yuan, with a growth rate of 381.16%. Behind the increase in performance was the growth of the automobile business.

In 2015, the company first mentioned the development of new energy vehicle power batteries. In 2019, its new energy vehicle business revenue accounted for 5.98%, and the data had reached 23.17%in 2021. In the first half of this year, the proportion of the business increased to 27.96%, and the gross profit margin was 28.96%, ranking first among various businesses. The semi -annual report shows that the company has established a stable cooperative relationship with the internationally renowned new energy vehicle manufacturers to provide new energy vehicle international customers with supporting precision functional devices, precision metal structures and module categories.

Fruit chain faucet Lixun Precision is also an extra car business.

Source: Visual China

Lixun Precision achieved sales revenue of 81.961 billion yuan in the first half of the year, an increase of 70.23%year -on -year; net profit attributable to mothers was 3.784 billion yuan, an increase of 22.49%over the same period last year. Lixun Precision said that during the reporting period, the company's communication, consumption, and automobiles exerted the effort, so revenue profits have achieved steadily.

Lixun Precision's revenue in the first half of the car interconnection products and precision components was 2.1 billion yuan, an increase of 19%. The company said that in the automotive sector, the company further clarified the strategic goal of the core components of Tier1, seized the development window period, and established an ODM car building platform with Chery Group to provide the company's core component business with 0-1, 1-10 majority of major component business Development opportunity. Due to the downturn in the consumer market, Lan Si Technology's performance in the first half of the year was from profit to losing. However, Lan Si Technology's smart car business revenue has increased by 50 % year -on -year. The glass business has gradually migrated to the automotive industry. Many products such as central control screens, dashboard components, and B -pillar components have entered the head car factory.

Wentai Technology is also layout, and its product integration business has gradually moved towards the automotive electronics field. The company announced in July that the company's development of smart cockpit products for domestic new energy vehicle head manufacturers has made a smooth progress. At present, the cockpit product has entered mass production and started shipping.

The acquisition is also a way to quickly cut into the car track. Link Zhizhi devoted himself to the automotive industry by acquiring Zhejiang Jintai Electronics Co., Ltd.. The company said that the new energy vehicle sector is the focus of the company's development. In the future, the company will gradually introduce the lean manufacturing and automated intelligent system in the consumer electronics field to enhance the competitive advantage.

The fruit chain company has a car business, and some of the business volume is small. Some have not yet made a profit, and they cannot occupy an important position in the financial report.

Ophel Launter's car business "kicking group" by Apple

This situation of the Apple industry chain also puts pressure on Ophei, a fruit chain company in the past. Affected by the international trade environment, in the second half of 2020, Offe was kicked out of the supply chain by Apple. After losing the big customer of Apple, Ophi -Guang's performance has been declining, and no new breakthrough point has been found so far.

The main business of Ophelong is smartphones, smart cars and new areas. Its main products include optical imaging modules, optical lenses, microelectronics and smart vehicle -related products. They are mainly used in the field of consumer electronics and smart automobiles represented by smartphones, smart homes and smart VR/AR devices.

On August 29, Opheli disclosed the semi -annual report of 2022. In the first half of this year, Ophi Guang achieved operating income of 7.775 billion yuan, a decrease of 3.967 billion yuan from 11.742 billion yuan in the same period last year, a decrease of 33.78%; net profit was 874 million yuan, which was 34 million yuan in the same period last year. The decline was 2677.73%; the net profit of deducting non -recurring profit and loss (referred to as "deducting non -net profit") was a loss of 930 million yuan, an increase of 879 million yuan from the same period last year, and the losses increased by 1720.42%.

According to statistics, since 2020, due to factors such as asset impairment, Ophi Light has continued to lose money. Two and a half years have lost more than 5.4 billion yuan.

In the first and second quarters of this year, the company's operating income was 4.593 billion yuan and 3.183 billion yuan, a year -on -year decrease of 37.65%and 27.26%. The corresponding net profit was -186 million yuan, -687 million yuan, and continuous losses.

Facing the shortage of chip and the sluggish consumer electronics, Opheliguang also shifted its attention to new energy vehicles.

The company stated in the financial report that it extends to the upper reaches of the industrial chain, open up new markets, builds the business structure system of the three major sectors of smartphones, smart cars and new areas, enhances the core competitiveness of its own complete industrial chain, and provides customers with a one stop for customers Formulating optical service.

On September 2nd, Oufei Optical Officer Weiguan said that in May this year, Israel's pure solid -state lidar developer OPSYS announced that it was a wholly -owned subsidiary of China Automotive Parts and the wholly -owned subsidiary of Ophi Guang Group Co., Ltd. The limited company reached a cooperation agreement. Since then, the Shanghai Oufei Car Union team has made a forces. In just two months in July and August, this pure solid -state laser radar has completed the first technical docking in many domestic mainstance factories and car building forces in China.

The car chain is more promising than the fruit chain?

Why do many fruit chain companies start to deploy automobile business? Is the chain more promising than the fruit chain?

In fact, not only is the fruit chain company deploying automobile business, many electronic business companies are paying attention to cars. After more than ten years of development, new energy vehicles have finally shown a strong momentum. It has developed rapidly in the past two years and has become a new outlet in the market.

In recent years, many companies including Apple, Xiaomi, Baidu, Huawei, Ningde, and Evergrande have been associated with cars. Especially Apple, its car building team has been in progress.

At present, the business of all things and intelligent priority, the business of mobile phones and new energy vehicles is actually not contradictory. The rise of the new energy vehicle industry chain has also provided an opportunity to expand business and get rid of the Apple Industry Chain Corporation. Automotive electronics and consumer electronics have certain technical homology. In the future, automotive electronics will become a battlefield for various creative ideas.

Source: Visual China

Is the Apple industry chain not fragrant?

From the market perspective, Apple iPhone14 is about to be released, and iPhone13 has also begun to reduce prices. Industry insiders expect that iPhone14 will achieve considerable sales, the "fruit chain" prosperity will increase, and related companies will fully benefit. According to CITIC Securities, looking forward to the future, Apple and Android manufacturers will release new machines intensively in the third quarter. It is expected that the shipping situation of the mobile phone market will improve.

In this regard, the CITIC Investment Research News pointed out that since the second half of the year, it has entered the peak consumer electronics traditional sales season. Apple, Samsung and other manufacturers have launched a series of product updates, which are expected to bring strong market demand. Among them, Apple's innovation momentum is still strong, product sales are still considerable, and the Apple industry chain still has the strongest growth and certainty. It is recommended to focus on the improvement of the Apple industry chain performance and valuation repair opportunities. In addition, Samsung's new -generation folding screen mobile phone market performed brightly. The folding screen mobile phone is accelerating from "early adopters" to "commonly used". It is expected to further boost downstream consumer demand. Panel factories, UTG glass manufacturers, hinges and shaft manufacturers may benefit Essence Regarding the trend of consumer electronics into the automotive field, Galaxy Securities pointed out that the intelligent trend of automobiles will accelerate. Consumer electronics companies such as Apple and Xiaomi enter the production of cars. Consumer electronics and automotive electronics have similar development logic. Therefore, consumer electronics companies tend to integrate existing EMS resources and expand to automotive electronics. Consumer electronics EMS suppliers represented by Lixun Precision, Wentai Technology, and Hon Hai Group are expected to play long -term cooperation advantages.

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