In the A-share market, NVIDIA has led a group of small partners, and Yueling shares (002725.SZ) with the concept of AI chips are also crazy.
In the morning of June 14, in the secondary market, Yueling shares originally opened low and sideways, and at 9:43, Yueling shares suddenly rose and sealed the limit in only 3 minutes.
Behind the strong straight limit of Yueling shares is the market rumors: recently, the team of researcher Li Ming-Academician Zhu Ninghua of the Microwave Optoelectronics Research Group of the State Key Laboratory of Integrated Optoelectronics of the Institute of Semiconductors, Chinese Academy of Sciences has developed an ultra-integrated optical convolution processor. This marks a major breakthrough in optical computing in China.
Yueling Co., Ltd. is an optical chip concept stock, and Zhongshi Optical Core, in which the company participates, mainly develops and mass-produces compound semiconductor laser optical chips based on indium phosphide.
Yueling Co., Ltd.'s main business is the development and sales of aluminum alloy wheels, and landed on the A-share market in 2014. Since 2013, the company's operating income has generally stagnated, and the net profit attributable to shareholders of listed companies (hereinafter referred to as "net profit") has shown a downward trend.
The stock price of the investment vent industry is up and down
In the current A-share market, the concept of CPO is the hottest, and the concept of CPO has led to the fire of a number of concept stocks such as optical computing and optical chip concepts. And Yueling shares are also beneficiaries.
Public information shows that with the development of artificial intelligence, the demand for optical modules has increased rapidly, and optical chips, as one of its core materials, have also received unprecedented attention. Indium phosphide optical chips and components are the largest cost items in optical modules, and their performance directly determines the transmission rate of optical modules, which is one of the core of the optical communication industry chain.
Zhongshi Optical Core mainly develops and mass-produces compound semiconductor laser optical chips based on indium phosphide, based on optical communication related products. Zhongke Optical Core, a wholly-owned subsidiary of Zhongshi Optical Core, has a complete epitaxial growth, chip micro-nano processing and device packaging industry line, and its existing products include epitaxial wafers, chips, TO devices, butterfly devices, PON devices, optical modules, etc., is a high-tech enterprise that truly has independent intellectual property rights and can independently design and mass-produce optical chips and devices. The main core technologies of Zhongshi optical core are epitaxial structure design, epitaxial material growth process, epitaxial fine engineering control, and the preparation of epitaxial wafers as a whole.
Zhongke Optical Core is a high-tech product manufacturer integrating R&D, production and sales, mainly engaged in communication optoelectronic core active optical chips and optical devices in the field of optical communication, and its main products are optical chips.
Yueling disclosed on the investor interactive platform that Zhongshi Guangxin is its shareholding company, and the company holds 10.89% of its equity.
It is precisely because of the investment and participation in Zhongshi Optical Core that Yueling has become an optical chip concept stock and an AI chip concept stock.
In the secondary market, Yueling shares have changed several times because of the concept of AI chips. From January 17 to 19 this year, the stock price staged three consecutive boards. From June 9 to 14, four trading days, three limit increases. Among them, on June 9, the board was sealed at the end of the afternoon, and on June 12, the morning opening 36 minutes sealed the price limit. On June 13, there was a large correction, and on June 14, the morning opening closed the limit for 16 minutes. At the opening of early trading, its share price opened as low as 10.15 yuan per share, a 2.5% lower opening range. The move began at 9:43 a.m., and the limit was blocked at 9:46, which took only 3 minutes.
In the four trading days from June 9 to 14, the stock price of Yueling shares rose by about 26.52%.
It is worth mentioning that as a shareholding company, Zhongshi Guangxin's current technology and products may not have been truly translated into business performance. According to the annual report data of Yueling in 2022, the company's net investment income and net income from fair value changes are negative.
However, industry insiders believe that if the facts are as popular in the market, in the future, Zhongshi Guangxin's business performance will be very impressive, and it will also contribute a lot of profits to Yueling shares, a shareholder.
The actual controller successively reduced his holdings and cashed out
The stock price rose, and the actual controller of Yueling shares was about to reduce his holdings.
On the evening of May 15 this year, Yueling disclosed that Lin Ping, the company's controlling shareholder and one of the actual controllers, planned to reduce his holdings of the company's shares to no more than 2.5 million shares, that is, no more than 0.98% of the company's total share capital, within six months after three trading days from the date of the announcement. The reason for the reduction is its own capital needs.
Yueling Co., Ltd. is a very typical family enterprise, Lin Xianming, Lin Wanqing, Lin Xinfu, Lin Shenmao, Lin Ping and Lin Bin are the controlling shareholders and actual controllers of the company, of which Lin Xianming, Lin Ping and Lin Bin are father-son relationships, and Lin Xianming, Lin Wanqing, Lin Xinfu and Lin Shenmao are brothers. Lin Xianming was born in August 1955 and is currently the chairman of the company. Lin Xinfu was born in 1962 and is the director and deputy general manager of the company, and Lin Bin, born in 1986, serves as the director and general manager of the company.
It is not only Lin Ping who plans to reduce his holdings, Lin Xinfu has already implemented a reduction plan. From January 18 to March 2 this year, Lin Xinfu reduced his holdings by a total of 2.5 million shares and cashed out about 25 million yuan.
Behind the actual controller's reduction of holdings, the net profit of Yueling shares was "reversed".
From 2011 to 2013, before listing, Yueling achieved operating income of 866 million yuan, 811 million yuan and 841 million yuan respectively, almost standing still. The corresponding net profit was 89 million yuan, 95 million yuan and 103 million yuan, which increased for three consecutive years.
In 2014, Yueling shares landed on the A-share market, and the company's operating income and net profit in that year were 833 million yuan and 94 million yuan, respectively, down 0.97% and 8.65% year-on-year, and the net profit of revenue and profit both declined, which can be described as changing its face as soon as it was listed.
From 2015 to 2022, the company's operating income was between 643 million yuan and 944 million yuan, and in 2022, it was 774 million yuan. During the same period, the company's net profit was 56 million yuan, 45 million yuan, 16 million yuan, 47 million yuan, 33 million yuan, -06 million yuan, 07 million yuan and 03 million yuan, respectively, and the net profit was lower than that of 2013 before listing.
In 2013, before listing, the net profit exceeded 100 million yuan, and in 2022, 9 years later, it was only 2.6016 million yuan, and the profitability of Yueling shares fell significantly.
Yueling Co., Ltd. is mainly engaged in the development and sales of aluminum alloy wheels, the sales of its products to the international after-sales modification market (AM market) as the core, products are sold to more than 80 countries and regions around the world, including the United States, Japan, Europe, with product differentiation, personalization, fashion and other characteristics to form its own competitive advantage in the international automotive aluminum wheel after-sales maintenance and modification market.
The aluminum alloy wheel industry is in a mature period, the market competition is fierce, coupled with many uncertainties in the world, the operation of Yueling shares is under obvious pressure.
In the first quarter of this year, Yueling Co., Ltd. achieved an operating income of 139 million yuan, a year-on-year decrease of 35.88%, and a net profit of 12 million yuan, a year-on-year profit and loss. When will the company get out of the business trouble?
This article is from Changjiang Business News