Boom!
Yian Technology: Tesla industry chain of liquid metal faucet
2017-06-27 07:01:45 Investment Express
Liquid metal field leading enterprises. Liquid metal is officially called amorphous alloy, and has a solid, metal, glass, the overall characteristics, so its high strength (stainless steel, titanium alloy more than 2 times), plasticity (through injection molding, die-casting a molding), is the leading Future high-tech competition one of the materials. The company is the absolute leader in the field of liquid metal, with the world's largest production of zirconium-based amorphous alloy production line, master the alloy composition, molding technology and other aspects of the core technology, is the world's only production of large blocks of amorphous products the company. 2016 companies to increase investment in liquid metal products and research and development, successfully entered the Huawei, Weida, Tesla and other customer supply chain. The future there are new energy vehicles, 3C products, wireless charging, high-end medical equipment, aerospace and other broad application of blue ocean.
Digging magnesium aluminum alloy market space, and Tesla to start cooperation. Magnesium, aluminum alloy and other light alloy precision casting is the company's traditional business, the company's magnesium alloy products from the mobile phone internal bracket extended to the flat, notebook shell, successfully entered Huawei, Samsung, Lenovo, Wistron and other well-known enterprise supply chain The The company has been awarded the 2017 International Magnesium Association (IMA) Excellence Award for the magnesium alloy car door project jointly developed by General Motors and General Motors. In addition, it has also produced mass production of automobile steering systems such as ThyssenKrupp (TKP), ZF (TRW) The According to the information disclosed by the company's investor relations, the company also cooperated with Tesla in the automotive field. The company's automobile door lock with liquid metal was also successfully applied in the Tesla new energy vehicle, and the future cooperation was more extensive The
Technical advantages Accumulate, a quarter of brilliant performance. The company plans to raise more than 650 million yuan of funds for the production of light alloy precision die casting production base, liquid metal R & D center, precision structural parts of industrial expansion projects, aimed at reducing material costs, expand and optimize the product line. At present, the company amorphous alloy R & D center construction project is in progress, automotive impact parts with high toughness die-casting aluminum alloy project has entered the industrialization stage, degradable magnesium bone fixation screw clinical trial by the State Food and Drug Administration approved The In the first quarter of 2017 the company achieved operating income of 165 million yuan, an increase of 74.58%; net profit of 9,359,100 yuan, an increase of 125.35%. The company sitting on liquid metal, magnesium alloy car products, medical magnesium alloy three areas of technical high ground, research and development advantages are gradually transformed into product advantages, the performance of the future release can be expected.
Profit forecast and valuation. The company has a magnesium, aluminum alloy and other light alloy precision die casting production of a complete industrial chain, since 2010 involved in amorphous alloy, the company has been a breakthrough results, has been the formation of amorphous alloy production capacity, amorphous alloy Will become the company's new profit growth point. We expect the company 2017 - 2019 EPS were 0.14 yuan, 0.17 yuan and 0.21 yuan, taking into account the company's high level of liquid metal technology, and into the Tesla industry chain, the future of new energy vehicles is expected to heavy volume, the valuation given a certain increase, According to industry level, given the company 2017 100 times PE, corresponding to the target price of 14.00 yuan, given the "overweight" rating.
Risk Tip: Downstream demand is less than expected.
Disclaimer: The content of the article is for reference only and does not constitute investment advice
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