As of press time, Apple industrial chain companies such as Yutong Technology and Luxshare all performed well in 2022. The industry believes that with the increasing market share of Apple's mobile phone, companies related to Apple's industrial chain will benefit.
In-depth investigation
BOE A is an Apple iPhone panel supplier. In 65438+February, four institutions, including Credit Suisse Asset Management and Citigroup, investigated BOE A. During the institutional investigation, BOE A indicated that the penetration rate of flexible organic light-emitting diodes in the field of smart phones continued to increase, and the company's flexible organic light-emitting diode products maintained good growth as a whole. The introduction of global mainstream brand customers has been completed, and in the future, we will mainly focus on achieving more customers' product coverage and continuously increasing the proportion of customers of the company's products. In the first three quarters of 2022, the company's shipments of flexible organic light-emitting diodes continued to grow, with nearly 50 million pieces shipped, and the shipments in the third quarter were180,000 pieces.
BOE A said that in 2022, the company expects the shipment target of flexible organic light-emitting diodes to be 80 million pieces, which continues to grow compared with last year. In the future, the company will continue to increase the shipment of flexible organic light-emitting diode products, focusing on increasing the proportion of high-end flagship products and continuously improving the operation level of flexible organic light-emitting diode business.
Ding Peng Holding Company is a leading company in PCB industry and an important supplier of Apple. According to Cai Dong Choice data, southern fund, harvest fund, Xingquan Fund, Huitianfu Fund, JPMorgan Chase, Ping An Fund and other 160 institutions participated in the conference call of Ding Peng Holdings.
Ding Peng Holdings said that the company believes that the overall market space of PCB industry is large in the future, especially the demand for the company's products in the high-end product market is still growing. The company will take advantage of its own advantages and seize market opportunities through capital strength to achieve steady development.
Hengdian Dongci is also an Apple supplier. According to the data of Cai Dong Choice, in June 5438+February, five institutions, such as Essence Securities, Caitong Securities, Baijia Fund, Bosera Fund and SDIC UBS Fund, have investigated Hengdian Dongci. Hengdian Dongci said in the institutional investigation that the magnetic materials industry has maintained steady growth since this year, and the estimated shipment volume is around 6.5438+0.5 million tons. It is expected to maintain a steady growth trend next year.
Genesis high-end smart device business customers include Apple supply chain related enterprises. According to Cai Dong's Choice data, on February 5th, Great Wall Fund, Bank of China Fund, Xing Yin Fund and other 143 institutions investigated the creation. For the recovery of machine tool industry next year, Genesis said that 3C electronics industry is expected to perform better than this year, and there will be a weak recovery.
Institutions are optimistic about leading enterprises.
It is worth noting that in June 5438+065438+ 10, the shipment of Apple iPhone 14 series products was delayed due to Foxconn's reduction in assembly capacity.
The performance of 1 1, an important supplier of Apple's industrial chain, was affected. Global Science Industry Co., Ltd. achieved an operating income of 6.26 billion yuan in June165438+1October, down 9.9% year-on-year and1.5% quarter-on-quarter. The agency believes that the decline in its performance is mainly due to the slowdown in the driving of new machine parts for large customers.
According to the research report of CITIC Securities, Ding Peng Holdings achieved an operating income of 325 1 billion yuan in June, down 23% year-on-year and 28.2% quarter-on-quarter. The decline in performance is mainly due to the fluctuation of mobile phone assembly capacity, which leads to the slowdown of new machine parts for large customers and is expected to recover in June.
Great Wall Securities Research Report said that Apple, as a representative product brand of mid-to high-end consumer electronics, was less affected by the overall decline in demand for mobile phones, and the organization was still optimistic about the fourth-quarter performance of companies related to the industrial chain.
According to market research firm TrendForce, the global smartphone market shipped 289 million units in the third quarter of 2022, down 0.9% from the previous month and up 1 1% year-on-year. It is estimated that the market share of iPhone will increase from 17.6% in the third quarter to 24.6% in the fourth quarter.
Guotai Junan Securities said that it is optimistic about companies that continue to increase their share in Apple's supply chain and gain first-Mover advantage in mixed reality products. With the further expansion of Apple's product strength advantage, the leading enterprises in its supply chain will usher in favorable conditions.
Some companies are doing well.
Luxshare is one of the leading companies in Apple's industrial chain. Luxshare predicts that the net profit attributable to shareholders of listed companies will reach 9.545 billion-9.899 billion yuan in 2022, a year-on-year increase of 35%-40%.
Luxshare said that from the product categories of the company's main customers, there is not much concern about the market consumption power. Whether it is the business of structural parts, or the product lines of consumer electronics health wear, vibration motors, optical display modules, etc., it has strong kinetic energy support. With the continuous expansion of business scale, it is expected that related fields will continue to grow in the next few years.
Yutong Technology is a leading packaging enterprise in China, and the company is an Apple supplier. On February 22, 65438, Yutong Technology released a performance forecast, and it is estimated that the net profit attributable to shareholders of listed companies will be142.4 million yuan-162.8 million yuan in 2022, a year-on-year increase of 40%-60%. Yutong Technology said that thanks to the company's forward-looking global layout and long-term accumulation of first-class customer resources and other core competitive advantages, the company still achieved steady growth in performance in 2022.
Yutong Technology said that the company has achieved certain results in increasing the market share of old customers, expanding new customers and developing new markets, and its industry position has remained stable. In addition, the company's smart factory construction has further improved the efficiency of production and operation. The company has actively implemented cost reduction and efficiency improvement, achieved certain results in refined operation management, and improved its overall profitability.
Zheshang Securities said that it is optimistic about the prospect that Yutong Technology will continue to increase the supply chain share of customer A (Apple). In addition, the company's other 3C electronic industry customer business will also contribute to the increment.