The automotive parts business of "Electric Motor Stock" erupted in the second half of the year, and Japon invested 1.5 yuan in EPS for the entire year


Release time:

2018-07-25

Jiebang (1566) and the group acquired Daiichi Chemical Corporation of Japan in 2015, and have now acquired over 66% equity, thus entering the field of automotive components. After two years of certification, automotive components will rapidly ferment in the second half of this year.

Jiebang (1566) and the group acquired Daiichi Chemical Corporation of Japan in 2015, and have now acquired over 66% equity, thus entering the field of automotive components. After two years of certification, automotive components will rapidly ferment in the second half of this year. With the increase in delivery volume, the proportion of automotive parts revenue to overall revenue will exceed 50%. In addition to the original automotive powder metallurgy business, the legal entity estimates that it will inject more than 1 yuan of EPS into the second half of the year.
Japon originally focused on producing metal powder metallurgy. After being invested by Energy Efficiency Group, Japon, Yinghua, and Energy Efficiency Netcom held a 100% stake in Daiichi Corporation of Japan in 2015, officially entering the field of automotive components. Japon then purchased equity from Energy Efficiency Netcom, totaling 66%.
Jiebang and Japan First Chemical received orders for ABS (automatic brake system) module gearboxes and EPB (electronic brake system) components, respectively. Among them, BOSCH's ABS parts orders have been certified for two years and are expected to gradually increase in volume starting from September this year, with a significant increase in the fourth quarter; However, the revenue share of First Huacheng Automotive Parts has exceeded 60%, and through revenue recognition, there is a chance for Jaguar's monthly revenue share of automotive parts to exceed 50% in the second half of the year.
Jiebang achieved a revenue of 1.29 billion yuan and a earnings per share of 0.04 yuan in the first quarter of this year; In the second quarter, the revenue was 1.363 billion yuan, gradually increasing. In the first half of the year, the cumulative revenue was 2.652 billion yuan, an annual growth of 2.9%. The company expects a profit per share in the first half of the year to be equivalent to 0.33 yuan in the same period last year.
The second half of the year is the traditional peak season for the company. The fermentation of automotive parts orders in September this year is expected to increase gross profit margin and profit performance, providing a boost to revenue and profitability in the second half of the year. The legal person estimates that the profit in the second half of the year is expected to double compared to the first half, and the annual earnings per share is expected to increase by 1.5 yuan.