Focus Technology (002315): Investment income increased; main industry development still needs to be observed

Focus Technology (002315): Investment income increased; main industry development still needs to be observed The performance is higher than our expected 1H19 results: revenue 4. 930,000 yuan, an increase of 18% in ten years; net profit attributable to mothers1. USD 1.1 billion, an annual growth of 231%, exceeding our expectations, mainly due to the rapid […]

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Meiya Optoelectronics (002690): CBCT demand is still strong; the future of intraoral scanners in reserve is promising

Meiya Optoelectronics (002690): CBCT demand is still strong; the future of intraoral scanners in reserve is promising Company status We recently exchanged with Meiya Optoelectronics at the Shanghai Dental Show and CICC’s 2019 annual strategy meeting, and updated the company’s fundamentals. The core points are as follows. Comments CBCT demand is strong, and the industry […]

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Invic (002837): Steady growth in performance actively responds to 5G network construction

Invic (002837): Steady growth in performance actively responds to 5G network construction Revenue has grown steadily, and companies in the downstream sector have been actively expanding to release annual reports. In 2018, they achieved operating income10.70,000 yuan, an increase of 36 in ten years.01%; net profit attributable to mother 1.08 million yuan, an increase of […]

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Tongrentang (600085): Relatively estimated at the bottom of history, reform expectations continue to rise

Tongrentang (600085): Relatively estimated at the bottom of history, reform expectations continue to rise Prominent historical trends and short-term development trends. Tong Ren Tang was founded in 1669 and has a history of 350 years. It has survived through the Qing Dynasty, the Republic of China and New China. “Although processing is complicated, you will […]

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Zhou Dasheng (002867): Jewelry Leaders Focus on Three or Four Lines to Enjoy Consumption Bonus

Zhou Dasheng (002867): Jewelry Leaders Focus on Three or Four Lines to Enjoy Consumption Bonus Recommended logic: (1) The scale of the Southeast Asian jewellery and jade jewelry industry has grown at a compound rate of 15% since 2009, and has become one of the countries with the most significant growth in the global jewellery […]

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Wanhua Chemical (600309): Low MDI Price Optimistic for Medium and Long-Term Growth

Wanhua Chemical (600309): Low MDI Price Optimistic for Medium and Long-Term Growth The company released the 2019 third quarter report: 485 revenue. 390 thousand yuan (YoY-12. 48%), operating profit 100. 2.4 billion (YoY-41. 20%) and a net profit of 82. 810,000 yuan, 78 net profit attributable to shareholders of listed companies. 9.9 billion (YoY-41. 75%); […]

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Livzon Group (000513) Quarterly Report Review: Strengthening Structural Adjustments

Livzon Group (000513) Quarterly Report Review: Strengthening Structural Adjustments The first three quarter results are in line with expectations with a target price of 30. 02-36. 34 yuan, maintaining the “buy” rating company released three quarterly reports on October 22, achieving revenue of 73. 0 billion (+6. 6%), net profit attributable to mother 10. 400 […]

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Fuyao Glass (600660) Quarterly Review: Improved profitability, improvement and diversification, and continued strength

Fuyao Glass (600660) Quarterly Review: Improved profitability, improvement and diversification, and continued strength Key points of investment: The company released the third quarter report of 2019: the first three quarters achieved operating income of 156.34 ppm, a 10-year increase3.38%; net profit attributable to mother 23.5ppm, an increase of -28 in ten years.07%; budget benefit 0.94 […]

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Jiuzhou Pharmaceutical (603456): Proposed merger and acquisition of Suzhou Novartis CDMO business attempts to break through

Jiuzhou Pharmaceutical (603456): Proposed merger and acquisition of Suzhou Novartis CDMO business attempts to break through I. Overview of the event On September 4, 2019, the company announced that it intends to use self-raised funds for about 7. After acquiring US $ 900 million in replacement technology and drug development assets, 100% equity of Suzhou […]

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Zijin Mining (601899): Forecast 4Q19 results slightly higher than expected output increase growth space

Zijin Mining (601899): Forecast 4Q19 results slightly higher than expected output increase growth space Foreseeing 2019 profit of US $ 41-43 million Zijin Mining predicts that net profit attributable to mothers in 2019 will be US $ 41-43 million, which will gradually increase by 0.2% -5%, slightly exceeding our expectations; implied 10Q net profit attributable […]

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