Original title: a Q & A reveals three super customers! Stock prices soared in Shenzhen stock exchange for urgent inquiries! Source: Securities Times
On the evening of February 25,
Yi an Technology
We received a letter of concern from Shenzhen Stock Exchange, because the company has repeatedly involved in high market concerns such as Tesla, new energy vehicles and folding mobile phone hinges when responding to investors in interactive e-mail recently.
The market seems to recognize the company's voice in interactive e-commerce. Yian technology's share price has been rising all the way recently, and it was up and down on the 25th.
SZSE requires the company to specify the specific situation, sales volume and amount of products provided to Tesla; and
Ningde Era
Provide product details; liquid metal applications, orders in hand; and so on, a total of 6 questions. The Shenzhen Stock Exchange also asked the company to explain whether it actively caters to market hot spots and hypes the company's share price.
Tesla and Ningde times are company customers?
In the recent stock market, 5g industry chain and Tesla concept continue to rise. Tesla, lithium battery, Huawei, etc. have also become sensitive information. Once listed companies get closer, it is easy to attract the enthusiasm of shareholders and stimulate the stock price.
In terms of interaction, the response of Yian technology to investors also centers on these sensitive words of capital market.
Shenzhen stock exchange is concerned that since February 2020, Yian technology has repeatedly involved Tesla, new energy vehicles, folding mobile phone hinges and other matters of high market attention when responding to investors in interactive e-commerce.
On February 8, the company stated that it was a Tesla level 1 supplier;
On February 13, the company said that it has a direct cooperation relationship with Tesla, and the localization of Tesla will be conducive to the expansion of the company's new energy vehicle business, which is an opportunity for the company's development;
On February 21, the company said Tesla is one of its important customers of new energy vehicle products and the company's liquid metal application in folding mobile phone hinges;
On February 24, the company said that Ningde times is a customer of the company. The company supplies battery pack related parts to Ningde times, and the company has the production capacity of mass production of liquid metal hinges, and has supplied them in batches.
It is worth noting that the stock price of Yian technology has been rising all the way recently, from the lowest price of 12 yuan per share on February 4 to the closing price of 18.83 yuan on February 25, an increase of more than 50%. On February 25, the company also gained a trading limit.
Explanation of the company required by SZSE:
1. Based on the company's recognition of Tesla as a first-class supplier, the company shall specify the specific situation of the products provided to Tesla, including the product details, product objects, sales volume and amount in the past two years and one period, credit policy, accounts receivable and payment collection, etc., and explain the financial situation and business success of the company through business cooperation with Tesla in combination with the signing of orders and contracts The impact of the results and the associated risks.
2. The specific situation of the company's new energy vehicle products, including product details, main customers of new energy vehicles, sales volume and amount of the latest two years and one period, etc., combined with the above situation, it shows that the company is one of the important customers of the company's new energy vehicle products based on the judgment of Tesla in interactive easy reply.
3. The company provides products to Ningde times, including details of products provided, objects of products provided, sales volume and amount in recent two years and one period, credit policy, accounts receivable and payment collection, etc., and explains the impact of business cooperation with Ningde times on the company's financial situation and business results in combination with orders in hand and contract signing, and prompts relevant risks.
4. Your company expresses that it has the capacity of mass production of liquid metal hinges and is the basis for mass supply of customers, and supplementary disclosure of the basic situation of the development of liquid metal hinges, including the main application fields, main customers, sales volume and amount of the latest two years and one period, credit policy, accounts receivable and payment collection, orders in hand, financial situation and operating success of the company The influence of fruit, etc.
5. Please explain whether there are misleading statements in the company's relevant replies to interactive e-commerce, and whether there are situations that actively cater to market hot spots and hype the company's share price.
6. The company's senior management's recent purchase and sale of the company's shares, reduction plan, etc.
Customers in the semi annual report are more "high-end"
So what are the main businesses of Yian technology? Who are the customers?
The reporter of securities times · e company found that the company's industry and customers are more "high-end" than the response in interactive e-mail when consulting the company's 2019 half year report.
The company involves LED structure parts, 5g precision communication base station parts
Robot
And Intelligent Manufacturing
In terms of customers, not only Tesla, but also Huawei, Kyocera, BOE
BYD
Samsung, Lenovo, abb
Specifically, in the 2019 half year report, the company claims that it is a national high-tech enterprise specializing in the research and development, design, production and sales of new materials, and a leading new material company in China. Liquid metal, biodegradable medical magnesium alloy, new energy vehicle products are the main development direction of the company.
Direction of new energy vehicles: as a supplier, the company has entered the supply chain of famous customers at home and abroad, such as Tesla, BYD, Geely, TKP, HbAS, TRW, GKN, JAC, LG, Continental group, Faurecia, etc.
Liquid metal direction: the company's liquid metal materials are not only used in new energy vehicles, consumer electronics and other fields, but also in robotics and intelligent manufacturing fields. As of the end of the report period, the company and Tesla, Geli, Xiaomi, HUAWEI, OPPO
Blue Technology
Abb and other well-known customers at home and abroad have established good cooperative relations.
Direction of consumer electronics: as of the end of the report period, the company has established cooperative relations with famous customers such as Huawei, Lenovo, Samsung, Weichuang, Heshuo, Lianbao, Kyocera, idealens, parrot, GoPro, goer acoustics, BOE, etc.
How about the company's profitability when the industry and customers are so high-end?
On January 17, the company disclosed the performance forecast of 2019. It is estimated that the net profit attributable to the parent in 2019 will be between 103 million yuan and 119 million yuan, up 90% - 120% year on year. In the same period of 2018, it was 54.2029 million yuan.
It seems that there is an increase. After careful investigation, it is found that in 2019, the company obtained "new Jiangxi Shenzhen passenger dedicated line (Qingxi section) project" compensation and government subsidies, increasing the company's non recurring income. It is estimated that the impact of non recurring profit and loss on the net profit is 81 million yuan, and the non recurring profit and loss in the same period of last year is 10.18 million yuan.
After deducting the non recurring profit and loss difference of RMB 70.82 million between 2019 and 2018, even if the maximum net profit attributable to the parent in 2019 is RMB 119 million, there is still RMB 48.18 million left. That is to say, the company's net profit attributable to the parent decreased year on year, excluding the difference between government subsidies.
Through careful analysis of the company's main business structure disclosed in the semi annual report, according to the product classification, the company's main business mainly comes from magnesium products, aluminum products, balance projects and organic silica gel. The operating revenue contributed by the four companies in the first half of last year was 181 million yuan, 168 million yuan, 115 million yuan and 59.3294 million yuan respectively, with the gross profit rate of 17.04%, 19.87%, 18.43% and 41.26%. That is to say, the top three gross profit rates of the company's main sources of income are not more than 20%, instead, the silicone rubber gross profit rate mentioned in the periodic report is the highest.
The customer is famous for not talking about the contribution of income
Referring to the Q & A on interaction between Yian technology and investors, it is found that the company claims that its customers are big brands, but does not mention how much revenue these big brand customers contribute.
For example, an investor recently asked Tesla how much the company supplies in a year in interactive e-mail. The company's reply is: Tesla is one of the company's important customers of new energy vehicle products In 2019, the specific amount of cooperation is inconvenient for the company to reply on the interactive platform.
Last year, Yian technology answered investors' questions on an interactive platform about whether the company would provide liquid metal hinges for Huawei. Yi'an technology replied that Huawei is an important customer of the company, and many links cannot be announced due to the signing of confidentiality agreements.
This time, Shenzhen Stock Exchange issued a letter of concern asking the company to explain the above details.
Not only Yian technology, but also many companies are moving closer to hot spots on the interactive platform.
For example, in the context of the new coronavirus pneumonia epidemic, many companies say they are in the anti epidemic industry chain. From February 4 to 6 this year,
Sail new material
In response to questions from investors about antiviral drugs related to the pneumonia epidemic, interactive said that the company's product thiophene can be used as raw materials in the upstream of abidor, and the company recently received orders from customers in the upstream of abidor. Subsequently, SZSE issued a letter of concern.
On February 10, Yangfan new material disclosed in its reply to the Shenzhen Stock Exchange's letter of concern that the operating revenue of thiophene products accounts for a small proportion of your company's operating revenue, and the downstream amount of thiophene used in the production of abidol drugs accounts for a small proportion of the total amount of thiophene, which has little impact on the company's performance.
For this reason, Yangfan received another regulatory letter.
(original title: a Q & A reveals three super customers! All are hot topics in the market. The stock price of the company soared. Shenzhen Stock Exchange asked urgently! )