According to the company's performance forecast, Dazu Laser expects the net profit in the first half of 20 19 to be 357 million yuan to 407 million yuan, down 60%-65% year-on-year; The year-on-year decline in net profit is really serious. The decline in net profit does not mean that the company is losing money. To put it bluntly, the money earned is not as much as last year.
In addition, there are three main reasons for the pre-decline in the performance of Integrated Hanjia Laser:
(1) Dazu Laser is an electronic instrument business, and its performance decline is mainly affected by the cyclical decline of the consumer electronics industry and the cautious capital expenditure of customers in some industries!
(2) There is another reason for the early decline of the company's performance. Only affected by exchange rate fluctuations, the company's exchange income decreased by about 35 million yuan compared with the same period of last year. No one can control the band of the exchange rate market, which has an impact on any listed company, and no one can predict the exchange rate market.
(3) The last reason is that Dazu Laser handled the equity of Shenzhen Mingxin Test Equipment Co., Ltd. and Prima in 20 18, which brought the company a net profit of about1870,000 yuan, which greatly increased the company's net profit. It is very normal to resume stable performance in 20 19.
These three reasons are the real reasons for the pre-decline of Hanzu Laser's net profit in the 20 19 semi-annual report.
According to the performance forecast of Hanzu Laser, let me talk about my personal views:
Hanzu Laser is a leading company in the laser industry and a white horse stock in the A-share market. At the weekend, the company announced the performance forecast of 20 19, and the substantial pre-reduction of the company's semi-annual report really surprised everyone and surprised investors.
However, after all, the business weight of Hanzu Laser is relatively large in the industry. Thirdly, according to the three reasons leading to the decline of the company's performance, these three reasons are particularly affected by market factors, not major problems in the company's own operations. Therefore, I believe that the profitability of Hanzu Laser will definitely recover gradually. The performance of the electronics industry and the exchange rate market will definitely return to the original growth rate after entering a stable period.
It is considered that the performance of the clan laser is temporary. After all, the new generation core light source of Draco series picosecond laser independently developed by Dazu Laser has occupied a large market at home and abroad, which is also an important source of the company's main profit. As long as the company continues to develop steadily in this new generation of core light sources, I believe that the development potential of Han's laser is still huge.
Finally, Hanzu Laser is also a science and technology enterprise, which is in line with the happy science and technology enterprise supported by the current national policy; Because Dazu Laser has become a national key promotion enterprise of scientific and technological success, and also a key software enterprise in Guangdong and Shenzhen, the background of Dazu Laser is supported by policies, and the growth rate will continue to be very high.
In a word, everyone should treat the forecast of Han nationality laser semi-annual report calmly. I believe that the forecast of the semi-annual report is temporary, and I believe that Han's laser will soon resume the growth rate of net profit. Therefore, investors who hold shares are advised not to panic and wait and see.
After reading the praise, I am rich. Thank you for reading and paying attention.
On July 3rd, 002008, Dazu Laser released its performance forecast today: the net profit in the first half of the year was 3.57-4. 1 billion, which was 60%-65% lower than the previous year, that is, the profit in the first half of 20 18 was 60%-65% lower. Although the performance has declined (the reason for the decline: due to the cyclical decline of the consumer electronics industry and the cautious capital expenditure of customers in some industries, the company expects operating income to drop by about 7% compared with the same period of last year. Due to the influence of product structure and market competition, it is estimated that the company's comprehensive gross profit margin will drop by 5-6 percentage points compared with the same period of last year; During the forecast period, affected by exchange rate fluctuations, the company's exchange income decreased by about 35 million yuan compared with the same period of last year; In the same period last year, the company partially disposed of Shenzhen Mingxin Test Equipment Co., Ltd. and Prima shares, which affected the net profit attributable to shareholders of listed companies in the same period last year by about 65.438+0.87 billion yuan;
Based on the above factors, it is estimated that the operating performance of the company in the first half of 20 19 will decrease by 60%-65% compared with the same period of last year, and decrease by 5 1%-57% after deducting the influence of the above-mentioned disposal of equity in the same period of last year, but there is no loss.
Let's analyze the reasons for the decline in performance mentioned in the next interim report: 1. Due to environmental reasons, operating income only decreased by 7%; 2, due to exchange rate fluctuations, the income decreased by about 35 million yuan compared with the same period of last year; 3. Income from the sale of equity of subsidiaries in the same period last year (this part of the reason can be ignored, after all, there is no equity available for sale every year). Therefore, the income caused by real business reasons has only dropped by about 7%. This fluctuation should be understandable and within the normal range. We don't need to make a fuss. We don't have to panic at the sight of the decline in performance, the sky is falling. But to find a way to find out the essence of the decline in profits and then operate!
Let's take a look at the background of Han's laser first. Dazu Laser is a high-tech enterprise in Shenzhen, a key software enterprise in Shenzhen, a key equipment manufacturing enterprise in Guangdong Province, a national innovative pilot enterprise, a key promotion and demonstration enterprise in the national demonstration base of scientific and technological achievements, and a key software enterprise in the national planning and layout. The main scientific research projects have been identified as national torch plan projects. Dazu laser is a leading enterprise in China's laser equipment industry. As a world-renowned manufacturer of laser processing equipment, Hanzu Laser has turned "laboratory equipment" into laser technology equipment that can work stably for 24 hours through continuous independent research and development, and is one of the few companies in the world with "ultraviolet laser patent". With the support of strong capital and technology platform, the company has realized the leap-forward development from small power to large-scale high-power laser technology and equipment research and development and production.
Dazu Laser provides a complete set of laser processing solutions and related supporting facilities for customers at home and abroad. Provide a complete set of laser processing solutions and related supporting facilities for domestic and foreign customers. The main products include laser marking machine series, laser welding machine series, laser cutting machine series, new energy laser welding equipment, laser demonstration series, PCB drilling machine series, industrial robots and other series of more than 200 kinds of industrial laser equipment and intelligent equipment solutions.
Dazu laser products involve IT manufacturing, new energy power battery manufacturing, electronic circuits, instruments, computer manufacturing, mobile phone communication, home appliances, kitchen and bathroom, auto parts, precision instruments, building materials, hardware tools, clothing, urban lighting, jewelry, craft gifts, food and medical packaging and many other industries.
Dazu Laser has perfect sales and after-sales service outlets in China, covering the whole country, dozens of branches and agents overseas, and has set up a special industry service department to provide customers in different industries with laser processing technology analysis and all-round laser application solutions, so that laser technology can seamlessly connect with manufacturing processes in various industries.
At present, Dazu Laser has thousands of R&D teams, more than 800 patents at home and abroad, and 106 computer software copyrights, among which many core technologies are at the international leading level. The company has established strategic cooperative relations with many famous universities in China, and jointly established relevant laboratories and talent training bases. In terms of production, according to ISO900 1 quality control system and ISO 1400 1 environmental management system, products are strictly controlled in all aspects, such as material supply, processing, whole machine and delivery, to ensure product performance and quality, and many series of products have obtained EU ce certification.
This is the industry and its achievements involved in the large cluster laser product line at present, and it is also a big family laser mentioned in CCTV's "Great Power". We can see that the product layout and sales layout of Dazu Laser (002008) are very stable, and the market demand is also very stable, and the products involved are very forward-looking. New energy vehicles, industrial robots, intelligent equipment and other laser-related equipment have complete solutions! Therefore, I personally think that with the improvement of the environment and the development of new energy vehicles and industrial robots in the second half of the year, the real income of 7% will definitely rise rapidly. There is absolutely no need to worry about this forecast and even affect work and life! Of course, this is just a personal opinion, and I hope it will not affect your operation.
Han's laser is a sensational white horse stock. The sensation is not the increase, but the "explosion" that capital bought from the north.
On March 5th, Dazu Laser announced that foreign investors were forced to close the Shenzhen-Hong Kong Stock Connect buying channel because their shareholding ratio exceeded 28%, and they could only sell but could not buy.
Dazu laser is one of the absolute leaders of domestic laser equipment. Draco series picosecond laser, a new generation of core light source independently developed by Dazu, has broken foreign monopoly and achieved large-scale sales, with gross profit margin as high as 4 1.53% and amazing profitability.
In the year of 20 17, the revenue of Dazu laser reached tens of billions, reaching1156 billion yuan, up by 66. 12% year-on-year, and the net profit was16.65 million yuan, up by120.75 year-on-year.
In 18, the operating income of Dazu laser was1103 million yuan, down 4.6% year-on-year, and the net profit attributable to the mother was173 million yuan, up 3.22% year-on-year. The gross profit margin of laser products has also decreased, which is still relatively high compared with the operating income of 17. The decline in Apple's sales not only affects the industrial chain of A-share companies, but also needs attention.
According to the forecast of Dazu Laser, the company's operating performance in the first half of 20 19 decreased by 60%-65% compared with the same period of last year, and decreased by 5 1%-57% after deducting the influence of the above-mentioned disposal of equity in the same period of last year.
Affected by the cyclical decline of the consumer electronics industry and the cautious capital expenditure of customers in some industries, the company expects operating income to drop by about 7% compared with the same period of last year. Due to the influence of product structure and market competition, it is estimated that the company's comprehensive gross profit margin will drop by 5-6 percentage points compared with the same period of last year. The company's announcement is a cyclical decline in the consumer electronics industry. Does it imply that smartphone shipments in the whole industry are declining? It is impossible to judge and evaluate for the time being, but the penetration rate of smart phones is very high, and high growth is impossible. The performance growth of related industrial chains needs vigilance.
Another reason is the exchange loss, about 35 million.
White horse stocks are the favorite of the market and the focus of institutional shareholding. Under the downward pressure of the economy and the decline of consumption growth, I personally think that we should be wary that the growth rate of white horse stocks is not as good as market expectations. Once the performance growth rate is not as good as the market expectation, the institutional shareholding is loose, and the group shareholding collapses, which is prone to stock price adjustment.
Northbound funds have always been regarded as smart funds by the market and become shadow stocks invested by some institutions. Judging from the decline in the performance of Han's laser, the capital from the north is not necessarily immortal, and it is eye-catching every time.
First of all, correct this problem. Han's laser has no pre-loss, at least pre-reduction, net profit reduction, and no loss!
Dazu laser relies heavily on apples, and apples have declined, so profits have declined.
During the period from June 0, 20 19 to June 30, 20 19, the company's estimated net profit is 360 million yuan to 4 1 00/00, which is 60%-65% lower than that of the same period last year.
During the forecast period, due to the cyclical decline of the consumer electronics industry and the cautious capital expenditure of customers in some industries, the company expects operating income to decrease by about 7% compared with the same period of last year. Due to the influence of product structure and market competition, it is estimated that the company's comprehensive gross profit margin will drop by 5-6 percentage points compared with the same period of last year. During the forecast period, due to exchange rate fluctuations, the company's exchange income decreased by about 35 million yuan compared with the same period of last year; In the same period last year, the company partially disposed of Shenzhen Mingxin Test Equipment Co., Ltd. and Prima shares, and the total impact on the net profit attributable to shareholders of listed companies in the same period last year was about 65.438+0.87 billion yuan.
Do you see it? The main reason is the depression of the mobile phone industry.
The cycle of mobile phones is basically the same as that of cars, and the decline of mobile phones began earlier, actually starting from the end of 20 17. The bus started in July last year.
The consumption of these two industries continues to be sluggish. Mobile phones are mainly due to the lack of innovation and the expectation of 5G replacement, which leads users to postpone the update.
How miserable is the mobile phone industry? Let's look at the data.
In June, 29.69 million mobile phones were added nationwide, up 3% month-on-month and down 22% year-on-year. In Q2 of 20 19, the total amount of new equipment was 85.55 million units, down 2 1.6% year-on-year, among which Huawei's sales volume was basically flat year-on-year.
In the second quarter, it fell by more than 20%, worse than cars! This 5G expectation really killed the mobile phone industry. Let's implement 5 G quickly. However, it is quite exciting to see that Huawei's sales have not declined! What about those who say they won't buy Huawei?
Because the laser of Han nationality relies heavily on the mobile phone industry, its laser equipment is used in the production of mobile phones, so it is also dragged down by the mobile phone industry.
However, the decline of more than 50% is indeed much more than that of the mobile phone industry! This shows that the competition in the industry is also fierce, and it also reflects that the core competitiveness of Han's laser is not particularly prominent.
I hope that the high-power laser will be mass-produced, and the low-power competition is too fierce!
As for the pre-loss of the performance of Dazu Laser, it should be seen from the announcement that the performance of Dazu Laser has fallen sharply, with a year-on-year cycle decline of more than 60%, and there has been no loss, but it has declined compared with the same period last year. The overall performance still maintained a certain growth.
Hanzu Laser has always been a top company in the high-tech field and is in an irreplaceable position in related fields. The most striking thing is that the proportion of foreign investors holding Han's laser has reached 28%. If they can't buy it, they can only choose to sell it.
The focus of foreign investment in the A-share market is value, so foreign investors can continue to buy the shares of Dazu Laser, indicating that the value of Dazu Laser is very strong in the eyes of foreign investors, and the buying ratio has reached the upper limit, indicating that foreign investors are very optimistic about Dazu Laser in value.
From the early development, the profitability of Han's laser is very strong, with an average annual profitability of more than 50%, which is a high-speed growth trend. It is a very normal profit curve for an enterprise to achieve high-speed business growth in the early stage of development and turn to relatively stable growth in the medium term. Han's laser has experienced rapid growth in the previous period, and now its revenue is relatively stable, which is a normal phenomenon.
At the same time, from the perspective of industry development, the competitiveness of science and technology has been continuously strengthened in the last two years, and it will also compete for a certain market share. The pressure of not advancing or retreating will limit the space for rapid growth of some technology stocks. At this time, it depends on whose breakthrough ability is stronger. Once we break through the bottleneck of development, we can turn cocoons into butterflies and become giant companies. Personally, I am still optimistic about the future of mass laser. Although the revenue decreased year-on-year, the company's operation is relatively normal, and it still has a leading position in science and technology, which deserves special attention.
In the same period of last year, the number of shares belonging to listed companies decreased: 60%-65% less than the same period of last year. The net profit of our shareholders is 10 18597900 yuan. The profit is 356,509,300 yuan-407,439,200 yuan. Two. Pre-audit of performance forecast The financial data related to this performance forecast has not been pre-audited by certified public accountants. Three. Reasons for performance changes During the forecast period, due to the cyclical decline of the consumer electronics industry and the cautious capital expenditure of customers in some industries, the company expects operating income to decrease by about 7% compared with the same period of last year. Due to the influence of product structure and market competition, it is estimated that the company's comprehensive gross profit margin will drop by 5-6 percentage points compared with the same period of last year; During the forecast period, affected by exchange rate fluctuations, the company's exchange income decreased by about 35 million yuan compared with the same period of last year;
Dazu Laser is a Shenzhen company with lasers and supporting equipment, and it is an older company. The performance only decreased year-on-year, and there was no loss, which proved his ability to make money. Coupled with the bad economic environment, many factories have closed down.
Personally, I suggest that short-term positions can be priced below 30 yuan. During the period, the maximum price is 60.45, which can be bought at half price, 20 plus 25, and thrown over 45 (individuals do not provide direct advice).
Announcement of Hanzu Laser 20 19 07 13:
From 20 19. 1. 1 to 20 19.6.30, the profit was about 356.5 million yuan, nearly 1 billion in the same period last year. Just a drop in profits, no loss.
Reasons for the decline in profits:
1. The capital expenditure of industry customers tends to be cautious;
2. Periodic recession and exchange rate fluctuation in the consumer electronics industry;
3. Product structure and market competition;
The capital market still looks at the hero ancestor laser. It is estimated that the EPS of the company from 19 to 2 1 are 1.34, 2.2 and 2.3 respectively. If PE is valued at 24 times and the share price is 52.73 yuan, the buy rating will be maintained.
Short-term investors avoid it. Medium and long-term investors can buy. The best buying point is to buy in batches when stepping back on the 20-day moving average.
For a listed company, its profitability will be affected by many factors. Including changes in market demand, rising raw material costs, rising labor wages, and if it is a foreign trade enterprise, it will also be affected by international political factors.
Dazu Laser is a high-end equipment enterprise engaged in laser, robot and automation technology solutions in the field of intelligent manufacturing. The mid-year report dropped 60% ahead of schedule, which surprised investors. Most lasers always give people the impression that they are an excellent enterprise, but in the performance forecast disclosed in the evening of July of 12, it is estimated that the net profit for the first half of 20 19 will be 357 million to 407 million yuan. It fell by 60% to 65% year-on-year. Due to the cyclical decline of the consumer electronics industry and the cautious expenditure of capital users in some industries, the company expects operating income to drop by 7% compared with the previous year. (a) how to treat:
1, enterprise management cannot always be smooth sailing, and enterprises will certainly be affected by many factors. In fact, this is also the biggest risk of investment enterprises. Some factors are predictable and some factors are unpredictable. Therefore, it is normal for the company's performance to change, which is not uncommon in the capital market. Didn't another company say that its scallops ran away before, which affected the performance of that year? So whether a company is good or not sometimes depends not on what the company says, but on the final result. We didn't know who was swimming naked before the low tide.
2. In recent years, with the implementation of high-quality development strategy, the promotion of supply-side structural reform and the strategic adjustment of economic structure, some traditional manufacturing enterprises are also facing difficult transformation. On the one hand, they must constantly eliminate backward production equipment, on the other hand, they must face the impact of rising labor costs and other raw material costs. For an enterprise, the income situation is mainly composed of the following factors: on the one hand, the raw material cost of the enterprise; If the price of raw materials continues to rise, the company's cost will increase; On the other hand, the cost of land, for example, will rise with the rise of house prices and rents; On the other hand, there will be management costs; If the management of enterprises is not strict and perfect, there will be many loopholes and losses, as well as the increase of employees' wages and all aspects of social economy.
(2) What should I do?
1, from the perspective of enterprises to deal with this situation, on the one hand, efforts should be made to reduce the production costs of enterprises. Objectively, the price increase of some raw materials is beyond the control of enterprises, but enterprises can control their own management and all aspects of costs in the process of production and operation. Strive to reduce the management cost of enterprises, reduce unnecessary expenses and slim down the company. In addition, the wage increase of enterprise employees is sometimes uncontrollable. Generally, during the economic crisis, enterprises often maintain their operations by laying off employees and reducing the wages of their employees. In short, from the perspective of enterprises, we should make full market research, know ourselves and make positive preparations.
From the investor's point of view, if you are the holder of the company's stock, you should consider whether to sell or buy the company's stock. If you have confidence in the future growth of this company's stock, you can keep it. Similarly, if you are not optimistic about the company's future prospects, you can also use a relatively high position to sell stocks. Judging from the shareholder structure of this company, it is mainly institutional investors, including some foreign capital. Due to the launch of the science and technology innovation board, the state attaches importance to the development of science and technology. Some fund companies are equipped with technology enterprises. In the past few years, the share price of this company has been in a slow state. It is currently in a state of decline.
Personally, I think it is irrational to invest in Hanzu laser at present, because the company's share price is a bit high on the whole. Generally speaking, there is a downward trend. Considering that the current market environment is not particularly good, it is generally necessary to avoid such weak stocks.
This is my opinion, and everyone is welcome to criticize and correct me.
The 20 19 semi-annual report disclosed by Dazu laser this time is not a pre-loss, but a pre-reduction. The estimated net profit is 356 million yuan to 407 million yuan, down 60% -65% compared with the same period last year. After deducting the non-recurring gains and losses from the disposal of equity in the same period last year, the net profit will also decrease by 5 1%-57%. This performance is obviously not good for Han's laser.
On the one hand, in the past, Hanzu Laser achieved a year-on-year increase in net profit of 20 14 to 20 18, making it one of the white horse stocks in the A-share market. The market has great expectations for its performance. In the stock market, not meeting expectations is a negative of "sin";
On the other hand, under the background that the net profit of the first quarterly report decreased by 55.92% year-on-year, the semi-annual report decreased by 60%-65% year-on-year, which means that the company failed to reverse the decline of business in the field of laser processing equipment in the second quarter.
Reflected in the reasons for the decline in performance, excluding the non-recurring profit and loss factors, subject to the cyclical decline in the consumer electronics industry and the cautious capital expenditure of customers in some industries, the company's comprehensive gross profit margin fell by 5%-6% and the impact of exchange rate fluctuations, the deterioration of fundamentals will lay a time bomb for the company's secondary market share price.
From Feng's personal analysis, please pay attention to this account and get more financial knowledge.
Stocks that are good for one year and bad for another are praised by a bunch of chicken essence. I really dare not buy such a ticket. Now China tries not to buy tickets above 15 yuan. There is a lot of thunder, and the favorite of chicken essence is exploding again. Chicken essence actually likes to sign up for the tour. If you want them to study and make money, it depends on whether you want others to win at mahjong!