According to a statement issued by China Securities Network, the profit of Great Wall Development will rebound sharply this year and achieve high growth in the next three years. On the one hand, the company's high-margin business, such as smart phone OEM and LED chip business, began to enter the rapid growth period, which will significantly improve the company's net profit level; on the other hand, the disk-based business with serious losses last year gradually shrinked, asset impairment At the end of the day, the storage business will resume stable profits.
Great Wall develops mobile phone OEM business into Samsung, Huawei, ZTE and other major customers. This year, it will upgrade from functional machine to mid-to-high-end intelligent machine, and its revenue and profit will grow substantially. The bright LED chip business cooperated with Jingyuan Optoelectronics. Entering the mass production stage this year, it is expected that 25 MOCVDs will be produced throughout the year, which will meet the needs of downstream applications and form a large-scale production advantage.
Great Wall Development has basically shaken off the loss of the disk substrate business package, due to cloud storage and big data demand for storage devices and memory prices and other industries, the storage business is expected to reverse the decline in the past two years. The situation provides a stable level of profitability.
China Securities Network predicts that the Great Wall Development 2013-15 EPS will be 0.27/0.38/0.53 yuan, with a target price of 8.20 yuan. It is expected that in 2013-2015, the company will realize net profit attributable to shareholders of the parent company of 3.50, 5.03 and 699 million yuan, with annual growth rates of 274%, 44% and 39% respectively. According to the valuation of each business, smartphones, LEDs, smart meters and other businesses correspond to 25, 25, 18 and 15 times PE for 14 years respectively.
Great Wall develops mobile phone OEM business into Samsung, Huawei, ZTE and other major customers. This year, it will upgrade from functional machine to mid-to-high-end intelligent machine, and its revenue and profit will grow substantially. The bright LED chip business cooperated with Jingyuan Optoelectronics. Entering the mass production stage this year, it is expected that 25 MOCVDs will be produced throughout the year, which will meet the needs of downstream applications and form a large-scale production advantage.
Great Wall Development has basically shaken off the loss of the disk substrate business package, due to cloud storage and big data demand for storage devices and memory prices and other industries, the storage business is expected to reverse the decline in the past two years. The situation provides a stable level of profitability.
China Securities Network predicts that the Great Wall Development 2013-15 EPS will be 0.27/0.38/0.53 yuan, with a target price of 8.20 yuan. It is expected that in 2013-2015, the company will realize net profit attributable to shareholders of the parent company of 3.50, 5.03 and 699 million yuan, with annual growth rates of 274%, 44% and 39% respectively. According to the valuation of each business, smartphones, LEDs, smart meters and other businesses correspond to 25, 25, 18 and 15 times PE for 14 years respectively.
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