Could liquidmetal begin mass production For midframes in 2Q??
Can become a big order for an Apple case
Economic daily
Ke Cheng, Chairman of the Flood Tree
Ke Cheng, Chairman of the Flood Tree
It is reported in the industry that Kecheng (2474) received another large order for Apple's chassis, and cooperated with Bourne Optics to ship Apple's cheap iPhone SE2 in the first half of the year. The market originally expected that the iPhone SE2 case orders were taken by Hongzhun, while Kecheng was responsible for the iPhone 11. As Kecheng and Bourne Optics worked together to win the iPhone SE2 orders, it helped significantly focus on off-season operations.
Kecheng said yesterday (20) that it would not comment on customers. Kecheng stock price rose 6.5 yuan against the trend yesterday and closed at 255 yuan.
The outlook can be the operating outlook for the first half of the year. The legal person believes that Apple iPhone 11 series sales are very good, the order visibility is high, and the capacity utilization rate is maintained at a high level. It is currently worthy of attention. According to the latest epidemic prevention measures, the resumption of gradual resumption of work by subsidiaries in mainland China will affect the revenue of the first quarter, which will depend on the subsequent gradual resumption of work.
According to the legal person, it can be expected to be operated quarterly and upward. In addition to winning the iPhone SE2 large order, it can focus on the iPhone 11 and double orders are expected. In addition, Apple will launch a 5G version of the iPhone in the second half of the year. It is more complicated. In response to the increase in the number of antennas and the stability of heat dissipation, the yield rate that can be achieved is better than that of the industry. It is expected that orders will begin to flow in from the second quarter and restart the growth momentum.
At the same time, Kecheng continues to improve the yield of orders for stainless steel and aluminum casings, and continues to invest in the development of stainless steel casing products. The annual gross profit margin has the opportunity to challenge the 30% mark.
It can become a major manufacturer of metal cases. At present, the mobile phone case business exceeds 50%, laptops are 20% to 30%, and other consumer devices account for about 10%. The company ’s January revenue was 7.91 billion yuan, a monthly decrease of 10.5%. , But the annual growth rate is 61.1%, far better than the market and corporate expectations.
Bourne Optics is the world's largest protective glass factory with a market share of more than 60%. Its customers include Samsung, Huawei and many other domestic and foreign first-tier brands, producing two-thirds of the world's iPhone mobile phone glass screens.
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