China Fund News reporter Zhang Yanbei
As the market continues to recover, fund managers actively carry out research and dig deep into investment opportunities.
A reporter from China Fund News noticed that since the beginning of this month, a number of listed companies have released the latest research activities, and a number of star fund managers have appeared on the list of researchers, including Zhang Kun of E Fund Fund, Xie Zhiyu of Industrial Securities Global Fund, Feng Mingyuan of Cinda Australasia, Qian Ruinan of Industrial Fund, Jin Zicai of Caitong Fund, etc.
Zhang Kun investigates Focus Media
According to a record of investor relations activities released by Focus Media, the company held a performance briefing on May 6, and a number of fund managers participated in the relevant research, including Zhang Kun.
According to the data, Focus Media's main business, the development and operation of life circle media, the main products are building media (including elevator TV media and elevator poster media), cinema screen advertising media and terminal store media.
In this research activity, in view of the impact of the development of AI technology on the ladder media industry and the company, the company said that AI technology will have a revolutionary change in the advertising media industry, and the company actively grasps the opportunities brought by the current AI technology, and has the courage to try and explore the wide application of emerging technologies in marketing scenarios. At present, the company's marketing vertical model has been deployed and is continuing to fine-tune and iterate. The company's large model is mainly applied to three dimensions: content generation, content feedback optimization, and delivery method optimization.
As for the reasons for the decline of 40% in the net cash inflow generated by the company's operating activities in the first quarter, the company said that the main reasons for the changes are as follows. First, the cash received from the sale of goods and the provision of labor services decreased by 15.77% year-on-year, mainly due to the high base of the same period last year due to the fact that part of the payment received in the fourth quarter of 2022 was concentrated in the first quarter of 2023. There are normal fluctuations in cash flow between quarters and the current cash flow position is healthy. Second, the cash received from other operating activities decreased by 55.30% year-on-year, mainly due to the impact of changes in government subsidies and interest income.
Xie Zhiyu investigates Desay SV
On May 9, Desay SV released a record of the company's investor relations activities from May 8 to 9. The content shows that the specific objects of this survey come from China Merchants Fund, Industrial Securities Global Fund, Guosen Securities, Founder Securities and other institutions. Xie Zhiyu was among them, and many other fund managers such as Qiao Qian and Ren Xiangdong of China Industrial Securities Global Fund also participated in the survey.
In this research activity, investors exchanged views with the company's securities representatives on the business development of the company's intelligent cockpit domain control products.
According to the content of the exchange, the company's third-generation high-performance intelligent cockpit domain control products have been mass-produced for customers such as Li Auto, Chery Automobile, GAC Aion, and GAC Passenger Vehicle, and have been designated for new projects by many mainstream customers such as Chery Automobile, GAC Passenger Vehicle, GAC Aion, and BYD Automobile. The fourth-generation intelligent cockpit domain control product has been designated for new projects by customers such as Li Auto and Geely Automobile, and has been mass-produced and supplied one after another.
In terms of intelligent driving business, the company's intelligent driving domain controller products are industry-leading, with a complete matrix, which is suitable for various market needs. The high-computing power platform has been mass-produced and supported by many car companies, and has received orders from more than 10 car companies; The lightweight differentiated platform has been designated by mainstream independent and foreign brands, and will be promoted to more customers. The supply scale of cameras and T-boxes has been increased, breaking through the Japanese joint venture brand.
Feng Mingyuan investigated Cixing shares
According to the record of the company's investor relations activities from May 7th to 9th released by Cixing Co., Ltd., Feng Mingyuan of Cinda Australasia Fund and Rong Zhineng of Baoying Fund are all participants in the list of research activities.
According to the data, the company is mainly engaged in the intelligent knitting machinery industry, and is committed to improving the technical level of knitting machinery, promoting the development and progress of knitting technology, realizing the intelligent upgrading of the knitting industry, and has independent research and development and continuous technological innovation capabilities.
In this research activity, the company responded to the reason why the company has not paid dividends in recent years, saying that the prerequisites for the implementation of dividends by GEM companies are: the net profit of the most recent fiscal year is positive, and the company's consolidated statements and the undistributed profits at the end of the year of the parent company's statements are positive. In view of the negative undistributed profit at the consolidated statement level of the company at the end of the reporting period, the dividend policy was not implemented.
In terms of development strategy, the company's short-term plan will consolidate its main business, focus on the intelligent knitting equipment industry, further increase its market share, comprehensively promote the first-line forming computerized flat knitting machine, and strive to improve the technical level of knitting machinery, promote the development and progress of knitting technology, and realize the intelligent upgrading of the knitting industry.
According to the first quarterly report, in the first quarter of 2024, the company achieved a total operating income of 592 million yuan, a year-on-year increase of 11.72%; net profit attributable to the parent company was 227 million yuan, a year-on-year increase of 495.01%; The non-net profit was 55.6598 million yuan, a year-on-year increase of 98.72%.
Qian Ruinan investigated Taihe Technology
On May 9, Taihe Technology released a record of investor relations activities on the same day, and the types of participating institutions in the roadshow included fund companies, securities companies, sunshine private equity institutions, etc., and among the participants were Qian Ruinan of Industrial Fund.
In this research activity, the company said that it has invested in this area for many years and has achieved some results, and will continue to increase investment in research and development in the future.
In the first quarter of this year, the company achieved operating income of 521 million yuan, a year-on-year increase of 0.67%, and net profit attributable to shareholders of listed companies was 41.87 million yuan, a year-on-year increase of 30.29%. The company said that judging from the data of the first quarter of 2024, the sales volume and profit of Taihe Technology's water treatment pharmaceutical products have increased. In the future, Taihe Technology will continue to increase overseas development efforts, continuously increase market share, and strive to increase sales.
When it comes to how to balance product market share and profit, the company said that the balance between market share and profit depends on the company's sales strategy. The price of water treatment chemicals is stable at a reasonable level, and the downstream can maintain a certain profit. Low-price competition is not conducive to the healthy development of the entire industry, and will cause great harm to service providers and terminals.
For the synthetic biology business, which has risen in popularity recently, the company said that it has invested in synthetic biology for many years and has achieved some results, and will continue to increase investment in research in the future.
Taihe Technology also said that the company's lithium iron phosphate and VC projects are currently in the trial production stage. Regarding the lithium iron phosphate project, Taihe Technology is committed to producing a final product that takes into account multiple indicators, and has been improving; Regarding the VC project, Taihe Technology is committed to reducing environmental protection costs and realizing resource recycling.
Jin Zicai investigated Ruiming technology
On May 8, Ruiming Technology released the company's latest investor relations activity record form, and the company held a performance briefing and held relevant research activities on May 7.
In view of the company's progress in the pre-installation market, the company said that at present, the sales proportion of European standard products for Ruiming's main business income is still small, but it is of far-reaching strategic significance for the company to enter the pre-installation market through European standard products. In the domestic market and the pre-installation market, the company is committed to developing products and services that are particularly valuable to customers and difficult for competitors to replicate. In overseas markets, there are also some challenges. In this case, the company decided to develop its own products independently in order to capture more market share.
As for the reasons why the current sales volume is not large, the company said that there are two main points, "First, the new strategic transformation has not yet been fully launched, and the enforcement of European standards will be officially implemented from July 1 this year." Secondly, although our products meet European standards, they are currently mainly used in passenger vehicles in Europe, rather than in freight vehicles as we would expect. This is because the entry of Chinese trucks into the European market in large numbers has not yet materialized, but we are optimistic about it and expect that to change in the future. ”
In the first quarter of this year, the company's operating income reached 502 million yuan, a year-on-year increase of 37.2%, and the revenue in the first quarter should be a new high point for the company over the years; In the first quarter of this year, the net profit attributable to shareholders of listed companies reached 53.13 million yuan, a year-on-year increase of 1.2 times, which is also a historical high. This year is still a year of recovery growth for the company, and traditional industries such as freight, taxi, and public transportation are making up for the rapid increase.
Judging from the current business promotion situation, the overseas market demand is relatively strong, coupled with the company's product technology leadership and high cost performance advantages, the growth trend has not changed.
In the future, the company will continue to increase investment in freight and other product lines, continue to explore the relevant application scenarios of freight, public transportation and other businesses, actively develop related products and solutions suitable for freight, public transportation and other industry applications, and continuously expand the commercial vehicle product line, thereby expanding market share.
Editor: Joey
Review: Chen Mo