The net profit of leading enterprises in customized household equipment increased by about 92% in the first half of the year.
On June 15, Hongya CNC (002833.SZ) rose after the opening. As of press release, the share price was 37.32 yuan per share, up%.
On June 14, Hongya CNC announced that it is expected that the net profit attributable to shareholders of listed companies in the first half of 2021 will be 0.25 billion yuan to 0.28 billion yuan, an increase of 71.33%-91.89% over the same period last year.
During the reporting period, the downstream market demand was strong, and the company's equipment sales volume increased significantly compared with the same period last year, with full orders in hand; At the same time, with the completion and operation of the company's new plant, the production capacity was further released in the second quarter, effectively guarantee the smooth delivery of business orders, thus promoting the overall performance. It is estimated that the company's operating income in the first half of the year will increase by more than 60% compared with the same period last year.
Judging from the profit forecast, Hongya CNC continued the growth trend of the first quarter in the second quarter of 2021.
Hongya cnc achieved a revenue of 0.51 billion yuan in the first quarter of 2021, an increase of 70.85 percent year-on-year; The net profit of the parent was 0.111 billion yuan, an increase of 136.48 percent year-on-year (the forecast range is 102%-145%), the performance is close to the upper limit of the forecast range.
Hongya CNC was founded in 2006 and listed on Shenzhen Stock Exchange in December 2016. Its main business is the research and development, design, production and sales of special equipment for panel furniture machinery. The company's main products are banding machine series, sawing series, numerical control drilling series, processing center series and automatic production equipment series.
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the three major brands of the company include Jidong machinery, dicai machinery and Italy Masterwood, which are respectively oriented to domestic high-end market, domestic mid-end market and overseas market. The end users of the product cover famous furniture enterprises such as Sofia, Kanoa wardrobe, Shangpin Home Collection, gold cabinet, haolaike wardrobe and Quanyou furniture.
With the rapid development of "customized furniture" industry, the potential demand of panel furniture market is gradually released, and the market demand of furniture manufacturers for furniture manufacturing equipment is also increasing day by day. Hongya CNC achieved gross trading income RMB 1.689 billion in 2020, an increase of 28.85 percent year-on-year; Net profit attributable to shareholders of listed companies was 0.352 billion yuan, an increase of 15.79 percent year-on-year.
Judging from the production and sales of equipment, in 2020, the output and sales volume of various types of equipment of Hongya CNC were 13440 and 13927 respectively, with a year-on-year increase of 11.25% and 13.40%, and the production and sales were booming. From the perspective of business distribution, in 2020, the company achieved income of 1.261 billion yuan and 0.428 billion yuan at home and abroad respectively, with year-on-year growth of 35.51% and 12.57%.
Hongya CNC said in the recently released record of investor relations activities that the company currently has new orders every day, which is expected to gradually ease the pressure of long order scheduling in the second half of this year. It is expected that new products will be launched at the end of this year. New products will mainly focus on intelligent flexible production lines of wooden doors this year, striving to achieve sales by the end of this year or early next year.
As for the expansion of overseas channels, Hongya CNC said that the company currently uses the advantages of Italian subsidiary Masterwood to accelerate the development of overseas markets. The establishment of overseas channels is in a steady state, and the company will expand the European market in the next two years.
In recent years, Hongya CNC has accelerated its pace in M & A expansion, and the orderly promotion of expansion projects has driven the improvement of overall performance.
After Hongya CNC acquired Guangzhou Wang Shi software and Italy Masterwood in 2018, it successively acquired Sichuan Dan tooth and Yaguan precision in 2019. Through mergers & acquisitions Yaguan precision, the company obtained the production factor resources of the land plant, and implemented the "key parts" expansion plan; Through the establishment of master intelligence, the production capacity expansion plan of the final assembly of the landing products.
According to the annual report of 2002, the newly-built Master factory has been put into use in the fourth quarter of 2020. The newly-built expansion base of key components for road development was also completed and put into operation at the end of 2020. The two construction projects were closely implemented before and after, CNC drilling center, the capacity of high-end equipment such as CNC panel saw has been gradually released. In addition, the subsidiary dan tooth seiko obtained 130 mu of state-owned land in 202020, and plans to complete the first phase of new plant construction in 2021, gradually completing the expansion and business adjustment.
Guoyuan securities research report pointed out that the release of new production capacity opened up the space for hongya cnc performance to rise. In 2021, the company's new production capacity is expected to reach 40%, and the company's annual output value is expected to exceed 2 billion yuan, the new production capacity has completely reached the total output value of the post-production company of more than 3 billion yuan.
It is worth noting that Hongya CNC recently announced that Li Maohong, the actual controller of the company, reduced his holdings from December 23, 202020to June 1, 2021in order to conduct centralized bidding transactions, the bulk trading method reduces 3.9201 million shares of the company, which accounts for 1.82 percent of the total shares of the company. The price range of the reduction is 40 yuan/Share-62 yuan/share, and this reduction is about 0.2 billion yuan.
(Article Source: Tencent Asia Pacific, invasion and deletion)
