echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > The first three quarter performance forecasts of 12 instrument companies released

    The first three quarter performance forecasts of 12 instrument companies released

    • Last Update: 2021-11-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    [ Star Enterprise of Chemical Machinery Equipment Network ] Recently, 12 companies including Huizhong, Hanwei Technology, Huace Testing, Sifang Optoelectronics, Xuedilong, Kelu Electronics, Wanxun Automation, and Huashengchang released the first three of 2021 In the quarterly performance forecast, the net profits of 9 companies all achieved pre-increasing, and 3 companies saw a decline
    .

     Chemical machinery and equipment network star enterprise chemical machinery and equipment
    Huizhong shares
     
    On October 8, Huizhong disclosed its performance forecast for the first three quarters of 2021.
    It is estimated that the net profit attributable to shareholders of the listed company in the first three quarters of 2021 will be 84.
    5565 million yuan-92.
    5766 million yuan, an increase of 5%-15% over the same period of the previous year; In the third quarter, the net profit attributable to shareholders of listed companies was 40.
    386 million yuan to 44.
    425 million yuan, an increase of 0%-10% over the same period of the previous year
    .

     
    The company made the above forecast based on the following reasons:
     
    1.
    During the reporting period, the company's ultrasonic water meter business achieved continuous growth; 2.
    During the reporting period, the company's ultrasonic thermal meter business achieved continuous growth; 3.
    During the reporting period, the company's non-recurring profit and loss contributed approximately RMB 5.
    6132 million to net profit
    .

     
      Suzhou Good Technetium
     
      On October 10, Suzhou Goodtech announced that the net profit attributable to shareholders of listed companies in the first three quarters of 2021 is expected to be 177.
    39 million yuan to 206.
    55 million yuan, a year-on-year increase of 140%-177%; among them, the third quarter is attributable to shareholders of listed companies The net profit of 69.
    18 million yuan to 80.
    10 million yuan, a year-on-year increase of 148%-187%
    .

     
      The reasons for the changes in the company's performance during the reporting period are as follows:
     
      1.
    In the first three quarters of 2021, the overall prosperity of the semiconductor industry is high, and the domestic substitution of power semiconductors is accelerating.
    The company's semiconductor product production and sales are booming.
    At the same time, the company's expanded production capacity is gradually released, and the company's consolidated operating income has increased by more than 50% year-on-year; 2.
    The company's market share of automotive electronic products strategically deployed in the past few years has continued to increase
    .
    Integrated circuit and PPAK packaging, MEMS packaging and testing have grown rapidly, with sales and sales volume reaching new highs; 3.
    Suzhou Jingyin New Material Technology Co.
    , Ltd.
    , a wholly-owned subsidiary of the company, has achieved breakthroughs in the performance of single crystal PERC silver paste, with sales year-on-year At the same time, the company completed the acquisition of a minority stake in the company at the end of 2020.
    The share of the subsidiary Jingyin’s equity will be changed from 54.
    8% in 2020 to 100%, which will increase profits; 4.
    During the reporting period, it is expected that non-recurring gains and losses will contribute to net profit.
    The amount of impact is 20 million-25 million yuan
    .

     
      Hanwei Technology
     
      On October 11, Hanwei Technology issued a performance forecast for the first three quarters of 2021.
    The company expects that the net profit attributable to shareholders of listed companies from January to September 2021 will be 202 million to 219 million yuan, a year-on-year change of 15.
    00% to 25.
    00%
    .

     
      The company made the above forecast based on the following reasons:
     
      During the reporting period, on the one hand, the company continued to deepen high-quality development, actively seized the opportunities of sensors , smart meters and the Internet of Things, and relied on the company's advantages in the sensor-centric IoT industry ecosystem to firmly promote the implementation of the company's strategy
    .
    On the other hand, the company actively overcomes the impact of the “Zhengzhou 7·20 heavy rain disaster” and the regional epidemic.
    All employees are united and pragmatic, working hard, working overtime, and the overall business continues to maintain rapid development
    .

     sensor
      During the reporting period, the company's sensor business segment continued to focus on product development and upgrade iterations, new product promotion and new application field development, etc.
    , to achieve stable growth in traditional security and environmental products, continuous breakthroughs in home appliances, automobiles and other fields, infrared carbon dioxide sensors , Pyroelectric sensors, electrochemical sensors, and other product market spaces continue to open up and achieve better performance growth
    .

     
      On the other hand, driven by the implementation of national policies such as smart cities, new infrastructure, and the new "Safety Production Law" and market opportunities, the company’s smart meter business and IoT solutions business seized opportunities in the Rapid breakthroughs have been achieved in areas such as safety and smart water services, and significant performance growth has been achieved year-on-year
    .

     
      During the reporting period, the impact of non-recurring gains and losses on the net profit attributable to shareholders of the listed company was approximately RMB 58,021,500
    .

     
      China Testing
     
      On October 12, Huace Testing released a performance forecast.
    It is estimated that the net profit attributable to shareholders of listed companies in the first three quarters of 2021 will be 545 million to 560 million yuan, a year-on-year increase of 37%-41%; of which, the third quarter will be attributable to the listing The net profit of the company's shareholders was 243.
    77 million yuan to 258.
    7 million yuan, a year-on-year increase of 18%-26%
    .

     
      The reasons for the performance changes are as follows:
     
      1.
    During the reporting period, the company carried out various tasks in an orderly manner in accordance with the annual strategic goals set by the board of directors and management.
    The operating income of each business segment increased steadily, the operating efficiency was further improved, and the net profit achieved rapid growth
    .

     
      2.
    It is estimated that the impact of non-recurring gains and losses on the company's net profit is about 72.
    18 million yuan, mainly due to the receipt of a number of government subsidies and wealth management income during the reporting period.
    The non-recurring gains and losses in the same period last year were 71.
    188 million yuan
    .

     
      Sifang Optoelectronics
     
      On October 11, Sifang Optoelectronics released a performance forecast.
    It is expected that the net profit attributable to the owners of the parent company will be 120 million to 125 million yuan in the first three quarters of 2021, an increase of 157.
    49% to 168.
    22% year-on-year
    .

     
      The main reasons for performance changes:
     
      With the intelligentization and energy-saving of home appliances and automobiles becoming the main consumer trends, and the gradual deepening of the "carbon peak and carbon neutral" policy, the downstream market demand for the company's gas sensor and gas analysis instrument industry is further released
    .
    Relying on the advantages of the gas sensing technology platform and product portfolio, and superimposing various measures such as supply chain management, lean production and precision marketing, the company's performance has maintained rapid growth
    .
    In the third quarter, the company's civil air quality sensors, vehicle sensors, medical and health gas sensors and foreign trade business continued to maintain rapid growth
    .

     Analytical Instruments
      Libang Instruments
     
      On October 13, Libang Instruments disclosed its performance forecast for the first three quarters of 2021.
    The company expects that the net profit attributable to shareholders of listed companies from January to September 2021 will be between 235 million yuan and 267 million yuan, a year-on-year change of -63.
    00% to -58.
    00%
    .

     
      Reasons for performance changes:
     
      1.
    During the reporting period, the company's overall revenue declined compared with the same period last year.
    Except for the monitoring product line, the ultrasound product line, the ECG product line, the maternal and child product line, the in vitro diagnostic product line and the smart medical business all achieved positive growth
    .
    In the first three quarters of 2020, due to the global outbreak of the epidemic, the sales of the guardianship product line directly related to the anti-epidemic growth have exploded, driving the overall revenue base for the current period to increase
    .
    During the reporting period, as the global epidemic eased, the market sales of surveillance products have gradually returned to a normal state, which in turn led to a decline in overall revenue during the reporting period
    .

     
      Affected by the epidemic in 2020, revenue has grown abnormally.
    If the overall revenue data of this reporting period is compared with the first three quarters of 2019, the growth rate is expected to be 50.
    29%-61.
    85%, and the compound growth rate will remain at about 30%.
    With a rapid growth trend
    .

     
      2.
    During the reporting period, the company continued to use Libang Cloud as its core business and continued to optimize existing comprehensive information solutions through the integration of cloud computing, Internet of Things, artificial intelligence, 5G and other new technologies and concepts.
    Solutions include: smart electrophysiological integrated solutions, smart monitoring informatization integrated solutions, smart maternal and child integrated platform solutions, smart chest pain informatization integrated solutions, smart ECG network informatization integrated solutions, and smart inspection informatization integrated solutions Scheme
    .
    In particular, the penetration rate of smart ECG network information solutions in primary care and grade hospitals has steadily increased, which is expected to drive the company's overall smart medical business to achieve rapid development in the future
    .

     
      3.
    During the reporting period, the impact of the company's non-recurring gains and losses on net profit is estimated to be about 36 million yuan, mainly due to government subsidies
    .

     
      Inovance Technology
     
      On October 13, Inovance Technology released a performance forecast.
    It is expected to achieve operating income from January to September this year from 12.
    553 billion yuan to 14.
    172 billion yuan, a year-on-year increase of 55%-75%; net profit is 2.
    322 billion yuan to 2.
    622 billion yuan, a year-on-year increase of 55 %–75%
    .
    In the third quarter, operating income is expected to be 4.
    806 billion yuan to 5.
    469 billion yuan, a year-on-year increase of 45%-65%; net profit is 869 million yuan to 1.
    013 billion yuan, a year-on-year increase of 20%-40%
    .

     
      Explanation of reasons for performance changes:
     
      1.
    Explanation of reasons for performance changes in the first three quarters
     
      ① The demand in downstream industries has recovered, the company’s supply and guarantee delivery strategy has effectively implemented, and the company’s industry brand effect has been further brought into play.
    This has enabled the company’s general automation business, new energy vehicle business, industrial robot business, etc.
    to achieve rapid growth, and the elevator electrical supporting business also achieved better Rapid growth; ②Due to changes in the company’s product income structure, commodity & chip prices, and other reasons, the company’s product comprehensive gross profit margin has decreased year-on-year; ③In the reporting period, the increase in employee salaries and the implementation of the fifth phase of equity incentives resulted in corresponding expenses for the company Increase
    .
    However, the company's management reform has further improved its operational efficiency, and the company's sales expenses, research and development expenses, and management expenses have increased at a slower rate than revenue
    .

     
      2.
    Explanation of the reasons for the performance changes in the third quarter
     
      (1) The main reasons for revenue growth in the third quarter:
     
      Although the downstream industry demand growth slowed in the third quarter, the company's general automation, industrial robots and other business orders still achieved rapid growth; thanks to the good sales of fixed-point models of some new energy vehicle customers, the company's new energy vehicle business product orders are still Maintain rapid growth
    .

     
      (2) In the third quarter, the increase in net profit attributable to shareholders of listed companies was lower than the increase in revenue.
    The main reason: ①Due to changes in the company's product revenue structure, commodity and chip prices, and other reasons, the company's product comprehensive gross profit margin decreased year-on-year ②The increase in employee salaries and the implementation of the fifth phase of equity incentives, the company's increased investment in strategic business and transformational business, caused the company's corresponding expenses to increase more in the third quarter; ③Due to exchange rate fluctuations, the company's foreign exchange borrowings and foreign exchange gains The fair value of the fund decreased
    .

     
      In addition, in terms of non-recurring gains and losses, it is estimated that the impact of non-recurring gains and losses in the first three quarters of 2021 on the net profit attributable to shareholders of listed companies will be approximately RMB 73 million
    .
    The impact of non-recurring gains and losses on the net profit attributable to shareholders of listed companies in the same period last year was RMB 71,189,900
    .

     
      Snow Dillon
     
      On October 14, Xuedilong issued an announcement that the company expects to achieve net profit attributable to shareholders of listed companies in the first three quarters of 2021 at 145 million to 164 million yuan, an increase of 136.
    64% to 167.
    65% over the same period of the previous year; basic earnings per share 0.
    24 yuan/share~0.
    27 yuan/share
    .

     
      During the reporting period, with the normalization of the epidemic prevention and control and the smoother expansion of the company’s business, the company’s cumulative net profit in the first three quarters increased significantly compared with the same period last year.
    Delayed to confirm revenue in the third and fourth quarters of last year, resulting in a decrease in net profit in the third quarter of this year compared with the same period last year
    .

     
      Wanxun Control
     
      On October 14, Wanxun Controls released an announcement on the first three quarters of 2021 results.
    It is expected that the net profit attributable to shareholders of listed companies in the first three quarters of 2021 will be 78.
    0 million to 86.
    0 million yuan, an increase of 32.
    64% over the same period of the previous year – 46.
    24%
    .

     
      The main reason for the changes in performance is that due to factors such as economic restructuring and manufacturing transformation and upgrading, the petroleum, chemical, metallurgy, building materials, coal, non-ferrous metals and other industries continue to increase market demand for industrial automation instrument products
    .
    The "Safety Production Law of the People's Republic of China" passed on June 10, 2021 has promoted the development of gas detectors, alarms and other businesses
    .
    During the reporting period, non-recurring gains and losses are expected to be approximately 3.
    4024 million yuan, compared to 4.
    70777 million yuan in the same period last year
    .

     
      Hua Shengchang
     
      On October 14, Huashengchang announced the performance forecast for the first three quarters of 2021.
    From January to September, the company's net profit attributable to shareholders of listed companies was 128 million to 133 million yuan, a decrease of 57.
    80% to 59.
    39% over the same period of the previous year; basically; Earnings per share are 0.
    96 yuan/share to 1.
    00 yuan/share
    .

     
      From July 1, 2021 to September 30, 2021, the net profit attributable to shareholders of listed companies was 4.
    2 million to 47 million yuan, down 2.
    64% to 13.
    00% over the same period of the previous year; basic earnings per share were 0.
    31 yuan per share to 0.
    35 yuan/share
    .

     
      The performance of this reporting period decreased compared with the same period of the previous year.
    The main reason: due to the epidemic in 2020, the company's sales of epidemic prevention products in the same period last year resulted in a higher performance base in the same period of last year.
    During the reporting period, the sales of epidemic prevention products were higher.
    Significantly decreased over the same period of the year
    .

     
      During the reporting period, the sales revenue of non-epidemic prevention products increased by 39% year-on-year and 52% year-on-year before the epidemic.
    The company's overall operating income increased by 61% compared with the same period in 2019 before the epidemic.
    Net attributable to shareholders of listed companies Profits increased by more than 75% compared to the same period in 2019
    .

     
      In the third quarter of 2021, the sales revenue of non-epidemic products increased by 79% compared with the same period in 2019 before the epidemic.
    The company's overall operating income increased by 84% compared with the third quarter of 2019 before the epidemic.
    The net profit attributable to shareholders of listed companies was higher than that in 2019.
    Increased by more than 70% in the third quarter
    .

     
      Sudavig
     
      On October 15th, Su Daweige announced the performance forecast for the first three quarters of 2021
    .
    During the reporting period, the net profit attributable to shareholders of listed companies is expected to be 47 million to 60 million yuan, a year-on-year increase of 39.
    17%-77.
    67%
    .
    Among them, the net profit attributable to shareholders of listed companies in the third quarter is expected to be -4,735,100 yuan-8,264,900 yuan, a decrease of 58.
    94%-123.
    52% over the same period of the previous year
    .

     
      The main reasons for the changes in the company's performance in the first three quarters of 2021 compared with the same period of the previous year are:
     
      1.
    In the first three quarters of 2021, the company's performance increased over the same period of the previous year, mainly due to the expansion of the company's new printing material products, light guide and conductive materials business scale, and the increase in operating income drove the company's net profit to increase year-on-year
    .

     
      2.
    In the third quarter of 2021, the company's light guide and conductive material business revenue increased rapidly year-on-year.
    Due to rising shipping costs, tight containers, and severe export business, the company's reflective materials business experienced a year-on-year decline in the third quarter; and nano-textured optical films The business has fallen sharply due to the shrinking shipments of the mobile phone business of major downstream customers; in addition, fluctuations in the prices of some raw materials and the amortization of the company's implementation of restricted stock incentive plans have a negative impact on the company's short-term profits
    .
    The above-mentioned reasons collectively led to a decrease in the net profit attributable to shareholders of listed companies in the third quarter compared with the same period last year
    .

     
      During the reporting period, the impact of non-recurring gains and losses on net profit is estimated to be between 16 million yuan and 19 million yuan
    .

     
      Kelu Electronics
     
      On October 14, Kelu Electronics disclosed its performance forecast for the first three quarters of 2021.
    The company expects that the net loss attributable to shareholders of listed companies in the first three quarters will be between 180 million yuan and 250 million yuan
    .
    The basic loss per share was RMB 0.
    1278/share to RMB 0.
    1775/share
    .

     
      Explanation of reasons for performance changes:
     
      During the reporting period, in the face of severe external situations such as a shortage of cores and materials in the global industrial chain, rising raw material prices, and fierce competition in the industry, the company focused on the annual business strategy of “taking full responsibility for all employees, tapping potential and increasing efficiency, and increasing profitability” to deepen its main business and explore Opportunities for business synergy, improved supply chain management, implementation of lean production, broadened sources of operating funds, actively adopted various measures to reduce costs and increase efficiency, and consolidate the foundation for development
    .
    However, due to the following factors, the company's performance during the reporting period decreased compared with the same period of the previous year:
     
      1.
    During the reporting period, there was a global "shortage of cores" and the company's short-term working capital was tight.
    The company's production and operation plans did not meet expectations, and operating income fell year-on-year
    .
    In the future, after the company's capital shortage is relieved, the production and operation conditions will be improved
    .

     
      2.
    During the reporting period, affected by factors such as the increase in raw material prices, the company's comprehensive gross profit margin decreased year-on-year
    .

     
      3.
    During the reporting period, the amount of credit impairment losses accrued in accordance with accounting policies due to the increase in aging of accounts receivable was relatively large
    .

     
      4.
    In the third quarter of 2020, the company completed the asset delivery of Longgang Industrial Park assets and 100% equity of Chengdu Keluzhou Electronics Co.
    , Ltd.
    , which will have an impact on net profit of approximately 456 million yuan
    .

     
      Original title: The first three quarter performance forecasts of 12 instrument companies released
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.