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Reverse! iPhone 11 and waterfall screens drive Lance's profits up.

via:CnBeta     time:2019/10/22 22:31:06     readed:72


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However, Lance Technology semi-annual report showed that revenue in the first half of this year was 11.359 billion yuan, up 4.27 percent from the same period last year, but the net profit of returning mother recorded a loss of 156 million yuan over the same period, down 134.12 percent from the same period last year. At the time, Lance Technology expected to continue to lose money in the first three quarters. In just over two months, Lance Technology achieved a sharp turnaround and a quarterly profit of 1.265 billion yuan.

In this regard, Lansi technology gave the following four reasons in the performance forecast released this month: first, around the third quarter of 2019, the sales situation of global consumer electronics market was improving, the company further improved its overall competitive advantage and industry influence, and expanded the market share of the subdivisions; second, the company continued to improve its strategic layout, and achieved phased results in production and operation management; third, the company continued to improve its strategic layout. During the reporting period, the company wasMobile phone, intelligent wearable equipment and other business sectors have achieved high-quality growth, and all major production parks have entered full load operation in the third quarter; fourth, the impact of non recurring profit and loss in the first three quarters on the company's current net profit is about 243 million yuan.

Lance Technology said that the company's various high-tech threshold core products, such as waterfall 3D glass, frosted integrated glass back cover, phantom effect glass rear cover and so on, have been used by customers of major brands around the world.

In fact, as a "eat"AppleGrowing up in the supply chain, Lance Technology's performance has always followed the rise and fall of Apple. Since Apple launched its double-glass program in 2017, Lance's performance has grown sharply in 17 years, but in 2018, when Apple did not have much innovation,IPhoneSales stagnant, Lance performance is also "dragged down", profits fell sharply.

In the last three quarters, Apple's new iPhone 11 series, which is priced more competitive than ever before, has sold well around the world. Apple's iPhone 11 series, released this year, is the most popular model in nearly five years and is as popular as the previous iPhone6 series, according to a new report from Counterpoint, a market research firm.

In addition to Apple, a major customer, domestic Android phones have also been the main growth point of Lance's performance in recent years. Although the profit of the project is not as high as that of Apple, the analysis shows that as the appearance innovation of Android models continues to advance, Lance's gross profit margin is also expected to increase. According to industrial chain news, the value of waterfall screen products is 80 percent higher than other 3D glass value chains.

along withNEX 3 5G andHuawei With the release of Mate 30 Pro, the waterfall screen has set off a new wave of appearance innovation.

Zhongtai Securities pointed out that waterfall screen and other products have come out one after another, which greatly improves the difficulty and also helps to improve the product ASP; in addition, with Android system mobile phone manufacturers gradually changing the past aircraft and sea tactics, emphasizing the single quarter sales, especially the product series represented by Huawei P / mate, which has been firmly established in the high-end market, and the single unit shipments and life cycle have been greatly improved. In the future, there will be Help to improve the profitability of Lansi Android project.

Guohai Securities believes that the third and fourth quarter of this year will be the starting point of the new cycle after the honing of Lansi technology in the past two years. Whether it's the cover plate or the back plate, the upgrading of the form, the use of dazzling colors and the introduction of various new technologies will bring about the improvement of the value. It's an important opportunity to improve the income and performance of Lansi technology, which has rich reserves and strong process understanding ability.

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