From the end of August this year, BOE A shares went up all the way, from the lowest of 1.68 yuan, the highest rose to 2.24 yuan, the range rose by 33.33%; during the period, it also touched the daily limit twice, hitting a new high this year, the performance is far stronger than the broader market . Behind the strong share price, BOEâ€™s performance has clearly improved. Net profit in the third quarter increased by 116% year-on-year
On October 30, BOE announced its third-quarter performance report. From January to September, the company achieved a total operating income of 17.123 billion yuan, a net profit attributable to shareholders of the listed company of -635 million yuan, and earnings per share of -0.047 yuan, up 70.36% year-on-year; Among them, the total operating income from July to September reached 7.514 billion yuan, and the net profit attributable to shareholders of listed companies was 152 million yuan, and the earnings per share was 0.011 yuan, up 116.34% year-on-year.
Judging from the public information, the sharp increase in performance is mainly attributed to two points: First, the price of LCD panels has stabilized, and the size of the large and medium-sized panels has rebounded, while the small size has declined significantly. Second, the company's production lines are ensuring the full production. In the above, we actively carried out product structure adjustments, accelerated the introduction of high value-added products, and enhanced product market competitiveness.
The reporter also learned from the company's website that the BOE Beijing 8.5-generation line has been rapidly increasing since it was mass-produced in September last year. It has achieved full production by the end of July this year, and the product yield has reached 94%. As the first high-generation line in mainland China, the 6th generation line of Hefei Hefei has also maintained full production and sales. It achieved a monthly profit of about 17 million yuan in June, laying a good foundation for the third quarter profit. With the full production and sales of the four production lines of Beijing 8.5-generation line, Hefei 6-generation line, Beijing 5th-generation line and Chengdu 4.5-generation line, the scale effect of the company has begun to appear. LCD panel prices are rising steadily
Judging from the current market situation, BOE's performance has been able to turn losses into profits, mainly due to the rise in panel prices.
Some market research institutes pointed out that with the continued sales of LCD TVs and the reduction of competitors such as Samsung's 43-inch and 48-inch LCD panels, the shortage of panels is on the rise, and prices have shown signs of rising for several consecutive months; Impact, since the "Eleven", LCD TV prices have also seen a rare signs of recovery.
BOE related people also said that since the beginning of 2012, LCD panel prices have stabilized, and the price of medium and large-sized panels has rebounded. Take the 32-inch TV LCD panel as an example. The data shows that the price was US$125/piece in January 2012, and the price rose to US$128/piece in September 2012 and remained stable.
An analyst from GF Securities Shenzhen said that the domestic LCD panel industry has seen a warming trend since the second quarter, especially since the third quarter, the price of large-size LCD panels has rebounded significantly. The 32-inch panel has been in short supply for several months, which is unprecedented in China. At present, Taiwan's LCD panel makers, like Chi Mei and AUO, have begun to gradually reduce the 32-inch LCD panel market, which is concentrated in mainland manufacturers, and turn to tablet PCs, smart phone panels, 39-inch, 47-inch, 60-inch and other large-size products. This provides a lot of space for mainland LCD panel manufacturers. Looking back at the mainland's manufacturers, the 32-inch main two major manufacturers - BOE and Huaxing Optoelectronics, most of their products are exported to Samsung, TPV, Sony, Toshiba and other foreign brands, resulting in tight supply in the mainland market. In addition, as manufacturers robbed the smartphone and tablet market, BOE and Huaxing Optoelectronics also shifted some panel production line capacity to larger-sized panel cutting, resulting in a tighter supply of 32-inch panels, which is the most fundamental reason for the recent rise in LCD panel prices.
A securities company analyst also said that since September, the average price of various LCD panels has risen by about 2%, and the short-term trend is still rising, and has not changed.
FGI`s Dry Type Transformers are equipped with advanced design, high-quality materials, strict processes and high standards of testing. The Dry Type Transformer can be used as an upgraded product of Oil Filled Transformer. The Dry Type Distribution Transformers are suitable for high-rise buildings, commercial centers, airports, tunnels, chemical plants, nuclear power plants, ships and other important or special environments place.
Dry Type Distribution Transformers
Dry Transformer,Dry Type Distribution Transformer,Power And Distribution Transformer,Eaton Dry Type Distribution Transformers,Dry Type Transformers Vs Oil Filled,Used Dry-type Transformers For Sale
FGI SCIENCE AND TECHNOLOGY CO., LTD , https://www.fgi-tech.com