After 9 consecutive trading days, Yashi Optoelectronics once again issued a risk warning to investors.
On the evening of January 2, Asia Optoelectronics announced that the company has the ability to design and manufacture VR products, and VR-related products are VR application products of liquid crystal display modules, which are mainly used in theaters. VR-related products achieved operating income of about 1.4305 million yuan in 2018, accounting for less than 1%. In the past year, the company has no orders for VR-related products, which has no impact on the company's current operating income.
Yashi Optoelectronics also pointed out in the announcement that the company only has the production capacity of OLED modules for OLED products that the market has paid attention to recently, but there have been no orders for OLED products in the past year, which has no impact on the company's current operating income.
The OLED concept drives the tide of price and limit
The OLED concept is not unfounded. According to market research firm Omdia, Apple's upcoming second-generation Vision Pro headset will feature a more advanced Micro OLED display that offers higher brightness and higher efficiency. Some media pointed out in reports citing overseas institutions that VisionPro spends nearly 50% of its cost on Micro-OLED (silicon-based OLED) inner screens.
These news made the domestic related industrial chain stocks instantly excited.
On January 2, when the market was in a downturn, the XR industry chain led the two cities, and related stocks met the tide of price limits.
Among them, Yashi Optoelectronics 9 days 9 boards, Shuangxiang shares 9 days 6 boards, Liding Optoelectronics 4 days 4 boards, space-time technology, Kechuan Technology 3 days 3 boards, Daoming Optics 5 days 3 boards, Liberty 2 days 2 boards, Shenyang Chemical, Lianjian Optoelectronics, Fuguang shares and so on rose sharply.
However, the sharp rise of many individual stocks is difficult to be supported by actual performance. After the continuous price limit, Yashi Optoelectronics received an inquiry letter from the Shenzhen Stock Exchange, and the company's subsequent reply also poured cold water on enthusiastic investors.
In response to inquiries from the Shenzhen Stock Exchange, Yashi Optoelectronics said that the company has the ability to design and manufacture VR products, which are VR application products of liquid crystal display modules, mainly used in theaters. VR-related products achieved operating income of about 1.4305 million yuan in 2018, accounting for less than 1%. In the past year, the company has no orders for VR-related products, which has no impact on the company's current operating income.
Regarding the OLED products that the market has recently paid attention to, Yashi Optoelectronics said that it only has the production capacity of OLED modules, but there are no orders for OLED products in the past year, which has no impact on the company's current operating income. Investors are reminded to invest rationally and pay attention to investment risks.
In addition, Yashi Optoelectronics pointed out that in the first three quarters of 2023, the company achieved operating income of 539 million yuan, down 13.82% from the same period of the previous year, and the net profit attributable to shareholders of listed companies was 20.1578 million yuan, down 76.50% from the same period last year. If there are adverse factors such as the company's revenues, costs, expenses or asset impairment in the future, the company's net profit may be further reduced.
Vision Pro量产或带来机会
Although the hype of some individual stocks seems "nonsensical", in the eyes of some industry insiders, the release and mass production of Apple's Vision Pro will indeed bring more market opportunities.
According to Apple's official press conference, the new product Vision Pro will be released in early 2024, and it will be sold in North America first, with prices starting at $3,499. Since the June 2023 press conference, Apple has officially opened a number of developer labs around the world, and thousands of developers around the world have gone to the lab for product development and debugging.
"Apple's Vision Pro is expected to reshape the way of interaction, create a new content system ecosystem for multiple industries, and are expected to usher in changes in office, film and television entertainment, games, industrial manufacturing, medical and other fields. With the release of Apple's first space computer, Vision Pro, and its related Vision ecosystem, Vision Pro and VisionOS are expected to lead a new round of global technological innovation, change the user's interactive experience, and are expected to seamlessly integrate digital content with physical space. In the future, it is expected to combine practical applications in film and television entertainment, games, office interaction, industrial manufacturing, medical and other fields to reduce costs and increase efficiency, while bringing innovative and different experiences to users. Mo Wenyu, an analyst at Cinda Securities, said.
CITIC Securities believes that Apple's layout of headset products is one of its core strategic directions in the next five to ten years, marking the company's extension from office terminals and mobile computing to spatial computing. The company's competitiveness in the field of headset lies in the integration of existing outstanding technical personnel to establish an independent business cluster, with long-term software and hardware design and development capabilities, long-term layout in patents, mastering core links such as computing and interaction, mergers and acquisitions of high-quality software and hardware companies over the years, and improving the ecological construction of the industrial chain; follow-up headsets can form synergies with existing hardware to enrich the existing hardware ecology; software and existing systems share the platform to simplify the development process and accelerate the explosion of applications.
Opportunities in related industrial chains will also arise. Founder Securities pointed out that the Apple Vision Pro currently costs about $1,700 and is expected to be launched in early 2024. The second-generation affordable products are expected to be launched in 2025-2026, and the high cost performance will drive the sales of headsets to a new level.
"With the improvement of China's supply chain status, the proportion of AppleVision Pro's Chinese mainland supply chain is expected to grow, and Luxshare Precision will become the exclusive assembly plant of Apple's headset. Apple is expected to re-embrace China's supply chain, and China-related manufacturers are expected to benefit from Apple's MR headset volume. Zheng Zhenxiang's team at Founder Securities said in a recent report.
Ming-Chi Kuo, an analyst at Tianfeng International, said that Vision Pro is Apple's most important product in 2024, and Vision Pro shipments are estimated to be about 500,000 units this year. If the user's response to Vision Pro is better than expected, it will drive the industry to form a consensus that "Vision Pro is the next consumer electronics star product" and increase the stock price of the corresponding supply chain.
Editor-in-charge: Tactical Heng
Proofreading: Zhu Tianting