Yinhao Technology (300221) announced on the evening of January 7 that the company lowered its 2014 performance forecast. It is estimated that the net profit attributable to shareholders of listed companies in 2014 will be 23 million yuan to 26 million yuan, an increase of 91.03%-115.95%. . In the previous three quarterly reports, the company expects net profit attributable to shareholders of listed companies in 2014 to be about 32 million yuan to 38 million yuan, an increase of about 166%-216%.
The company said that the reason for lowering the performance expectation is that the first equity granting plan of the company's equity incentive plan is December 2, 2014. According to the relevant regulations, the total cost of the equity incentive plan needs to be amortized during each waiting period/locking period of the equity incentive plan. In December 2014, it is expected to be amortized and included in the administrative expenses amounting to 2.388 million yuan. Second, the company's subsidiaries Dongguan Yinhao Optoelectronic Material Technology Co., Ltd. suffered worse than expected in the fourth quarter, which had a certain impact on the company's overall profit.
However, the company's development prospects are still generally optimistic. Guojin Securities pointed out that the company's fundamentals are undergoing profound changes and facing the best development opportunities: the company faces good opportunities for its future development. First, Suzhou's 100,000 tons of new capacity projects have been built and put into production. Develop the company's market in the Yangtze River Delta region. The company's capacity in the modified plastics business will further increase to more than 200,000 tons.
Second, the company's LED plastics business has entered the development of LED brewing and LED general lighting in recent years, and there has been a development of blowout. At present, the company has become a supplier of heat-dissipating plastic and light-diffusing resin for LED lighting manufacturers such as Osram and Philips. With the development of LED general lighting and the substitution of plastics for aluminum alloys, the sales revenue of LED plastics business in 2015 will exceed 200 million yuan.
Third, the company is involved in the CNC business, and further overweight. At present, the company already has more than 100 CNC machines, which will reach 500 units by the end of the year and further increase to 1,000 units next year. And the number of external machines may be increased according to the order situation. At present, the domestic high-end CNC metal parts processing market is in short supply, the gross profit margin is over 40%, and the net profit margin is over 20%. With 500 CNC machine tools corresponding to 240 million yuan in revenue and 0.5 billion yuan in net profit, Guojin expects that the company's CNC projects will reach a net profit of more than 100 million yuan after reaching full production. Currently, the company's shareholding ratio is 33.8%, and the equity profit exceeds 3000. Ten thousand yuan. Under the high economic sentiment, it is expected to obtain greater investment income.
The company said that the reason for lowering the performance expectation is that the first equity granting plan of the company's equity incentive plan is December 2, 2014. According to the relevant regulations, the total cost of the equity incentive plan needs to be amortized during each waiting period/locking period of the equity incentive plan. In December 2014, it is expected to be amortized and included in the administrative expenses amounting to 2.388 million yuan. Second, the company's subsidiaries Dongguan Yinhao Optoelectronic Material Technology Co., Ltd. suffered worse than expected in the fourth quarter, which had a certain impact on the company's overall profit.
However, the company's development prospects are still generally optimistic. Guojin Securities pointed out that the company's fundamentals are undergoing profound changes and facing the best development opportunities: the company faces good opportunities for its future development. First, Suzhou's 100,000 tons of new capacity projects have been built and put into production. Develop the company's market in the Yangtze River Delta region. The company's capacity in the modified plastics business will further increase to more than 200,000 tons.
Second, the company's LED plastics business has entered the development of LED brewing and LED general lighting in recent years, and there has been a development of blowout. At present, the company has become a supplier of heat-dissipating plastic and light-diffusing resin for LED lighting manufacturers such as Osram and Philips. With the development of LED general lighting and the substitution of plastics for aluminum alloys, the sales revenue of LED plastics business in 2015 will exceed 200 million yuan.
Third, the company is involved in the CNC business, and further overweight. At present, the company already has more than 100 CNC machines, which will reach 500 units by the end of the year and further increase to 1,000 units next year. And the number of external machines may be increased according to the order situation. At present, the domestic high-end CNC metal parts processing market is in short supply, the gross profit margin is over 40%, and the net profit margin is over 20%. With 500 CNC machine tools corresponding to 240 million yuan in revenue and 0.5 billion yuan in net profit, Guojin expects that the company's CNC projects will reach a net profit of more than 100 million yuan after reaching full production. Currently, the company's shareholding ratio is 33.8%, and the equity profit exceeds 3000. Ten thousand yuan. Under the high economic sentiment, it is expected to obtain greater investment income.
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