After BOE a (000725), another A-share Apple concept stock was excluded from the apple supply chain. As a foundry giant, Wentai Technology (600745) was recently rejected by apple from the front camera module supply chain because the front camera module quality did not meet the requirements. In this regard, on May 26, Wentai technology responded on the interactive platform that the business of the company was progressing normally and there was no product quality problem.
At present, the consumer electronics industry is weak, and the mobile phone supply chain has frequently heard the news of cutting orders. Recently, BOE was said to be unable to pass [Apple] due to unauthorized modification of OLED panel design( https://apple.pvxt.net/c/1251234/435400/7639?u=https%3A%2F%2Fwww.apple.com%2Fcn%2Fmusic%2F ) The yield test will even lose iPhone 14 orders for panels.
Sun Yanbiao, President of the first Research Institute of mobile phone industry, told the reporter of securities times · e company that the relevant rumors are ridiculous. "After all, the cooperation of large types of companies needs to follow a specific process and will not be kicked out for no reason. In most cases, it is often rumors made by competitors."
As of the closing on May 26, the share price of Wentai Technology Co., Ltd. fell 5.72% to close at 63.25 yuan / share. Since this year, the company's share price has fallen by about 51%.
In terms of performance, in 2021, the net profit of Wentai technology was about 2.6 billion yuan, of which the external main business income of product integration business related to mobile phone OEM decreased by 7.16% year-on-year, and the net profit was 184 million yuan; In the first quarter of this year, the external operating income of this part of business was 10.334 billion yuan, a year-on-year increase of 20.03%, but the net loss was 40 million yuan.
Wentai technology said that in the first quarter of this year, the mobile phone ODM business was progressing smoothly, and the non mobile phone business continued to obtain new customers and orders and orderly promote new projects. The main reason for the loss is that the non mobile phone business still has relevant expenses in the early stage of project R & D and trial production, and will contribute revenue with the mass production of the project in the future.
Wentai technology is also continuously promoting the integration of mobile phone business. In February 2021, Wentai technology took over Guangzhou delta from the original apple supplier oufeiguang, and the company began to promote the R & D and certification of optical module business. The company officially started the supply of dual camera products in November last year to reduce operating losses; At the end of December last year, the final verification of product sample delivery means that Guangzhou Delta has officially entered the stage of normalized batch shipment.
In the first quarter of this year, the global shipments of smart phones declined, the supply chains of apple and Android were cut off, and major industry institutions also revised their expectations; Relative to the Android camp, apple is expected to continue to maintain a relatively strong position.
According to the data provided by cinnorresearch to reporters, the domestic smartphone shipments in the first quarter of this year were 74.39 million, a decrease of about 14.4% over the same period last year, and the sales volume further fell by about 10% month on month in April. The decline in mobile phone sales in the domestic market mainly occurred in Android models, with a year-on-year decrease of 16.5% in the first quarter, higher than the year-on-year decrease of 1.3% of Apple models. The annual situation is still not optimistic. Cinnorresearch predicts that the domestic smartphone sales in 2022 will decline by about 7% ~ 8% year-on-year.
Trendforce Jibang consulting pointed out in a recent report that the conflict between Russia and Ukraine continues to worsen the problem of global high inflation. High inflation means that personal disposable income will be tightened at the same time, which is bound to prolong the replacement cycle and reduce the purchase budget of single machine. The forecast of the total number of mobile phone production in 2022 is revised downward to 1.333 billion, and it does not rule out that there is still room for further reduction.