First, a breakthrough in the military industry is imminent
Second, cherish the scarce low-level standards in the middle of the aviation
The two major sectors of aviation intermediate process links and aviation midstream supporting the three quarters ranked the top two in terms of net profit growth rate, becoming the "dark horse" of the military industry's three quarterly reports; the internal varieties of the plate have risen sharply continuously, and the low-level varieties have been scarce.
Third, the list of scarce varieties in the aviation industry is selected and interpreted
1. Fundamental analysis
In the first three quarters of 2021, the company achieved total operating income of 210 million yuan, down 4.3% year-on-year; net profit attributable to the mother of 11.068 million, down 71.9% year-on-year; earnings per share of 0.04 yuan. The company's existing production line compressor blade production capacity is 900,000 pieces / year; after the completion of the aircraft engine key components capacity expansion project, it is expected that the compressor blade production capacity can reach 1.5-2 million pieces / year.
The company is the world's mainstream engine manufacturing enterprises and medical orthopedic implant device manufacturers qualified suppliers, product quality and supply capacity has been widely recognized by domestic and foreign host manufacturers, there is a brand and customer advantages. In the field of aero engines, the company's customers cover Safran, ge Aviation, China Aviation And other international and domestic mainstream aero engine manufacturers or domestic engine design institutes. In the field of medical orthopedics, the company is an important qualified supplier of Johnson & Johnson Healthcare in the Asia-Pacific region, and also a qualified supplier of well-known medical device manufacturers at home and abroad such as Xerox, Chunli Zhengda, Weigao Orthopedics and so on.
The company's stable and reliable product quality, process, delivery time, service response ability, etc. have been widely recognized by the main customers in the industry, and have formed a strong cooperation stickiness and long-term stable trust relationship with customers. Relying on the existing customer recognition and good brand image, the company has a good reputation in the industry, established a strong domestic and foreign customer development capabilities, and established extensive contacts with China Hangfa Shangfa and China Hangfa Group's subordinate research institutes and factories, providing a guarantee for the sustained growth of the business. In addition, the company's in-depth cooperative relationship with customers also ensures that the company can keep abreast of the latest industry developments and design and manufacturing needs, and carry out targeted layout and reserves for industry development trends in advance.
Second, technical analysis
After a period of weak shock sorting, the stock price forms a double support on the important support line, and there is a trend of stabilization and rise; after the double support of the stock price last time, there is a good pull-up, the golden cross at the bottom of the mac indicator runs, the red pillar is moderately enlarged, ushering in a good layout opportunity, and the future market is expected to come out of the shock upward market. Operationally, it is recommended to pay attention to the pressure of the high point of the last pull-up.
1. Fundamental analysis
The company released the 21-year report, achieving revenue of 524 million yuan (+89.72%), net profit attributable to the mother of 142 million yuan (+104.79%), and deducting non-net profit of 130 million yuan (+125.40%). Among them, the high growth of aviation business is mainly due to dekun's accumulation and layout for many years, and new production lines have been put into production. The high growth of the mining business was mainly due to the expansion of the steel metallurgical incremental market and the realization of sales confirmation of previous and current orders.
Although the gross profit margin of the company's sub-business decreased year-on-year due to the temporary increase in labor and equipment costs due to the expansion of production, the company's comprehensive gross profit margin remained stable due to the increase in the proportion of the military business with high profit margin level. The growth of aviation military products has accelerated, the inflection point of traditional business has been upward, and the company has entered a golden period of development. The company's aviation military card slot aircraft parts sheet metal and parts track, enjoy the main fighter model volume + main engine factory outsourcing expansion + single machine value increase 3 times of good.
During the reporting period, the company's sheet metal flexible production line is advancing in an all-round way according to schedule, and the multi-model parting production line has begun to take shape. In the mining industry, as a leading enterprise in the field, the company not only benefits from the improvement of roller press penetration under the background of carbon peaking, but also successfully opens up overseas markets to officially open up growth space, and it is expected to accelerate growth in the future.
Stock price some time ago after a period of weak shock sorting, stock price on the important support line, there is a stabilization and upward trend, macd indicator bottom golden cross running, ushered in a good layout opportunity, the future market is expected to come out of the shock upward market. Operationally, it is recommended to pay attention to the pressure of the high point of the last pull-up.