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ZTE sneezes, PCB group suffers from severe cold

o-leading o-leading.com 2018-04-23 20:28:11

Yin Yimin, chairman of ZTE Corporation, recently stated that the US ban may cause ZTE to enter a state of shock, triggering doubts about the market prospects of China Netcom, and that the PCB plant with the server and Netcom market as the driving force for growth has become the hardest-hit area today, Bo Zhi (8155), Copper foil substrate factories—Lianmao (6213) and Tai Yao (6274) were hit to their daily limit prices today. However, Bozhi and Lianmao stated that ZTE has a limited impact on the company's operations. it is good.

On the 16th, the U.S. Department of Commerce reopened Chinese enterprises because ZTE was accused of illegally selling goods to Iran. In violation of previous agreements with the U.S. government, U.S. companies were ordered to ban Chinese telecommunications equipment maker ZTE for 7 years. (ZTE) Purchased electronic components for sensitive technologies, and Yin Yimin, chairman of ZTE Corporation, responded for the first time on the 20th that the U.S. ban may cause ZTE to enter a state of shock, to all employees of the company, to operators worldwide, and to terminals. The interests of consumers and shareholders caused direct damages; ZTE also issued a message announcement “admitting wrongs” on the 22nd, stating that it will learn lessons and abide by US bans, improve the framework and process of export control compliance, and will continue to work with related parties. Communicate to find a solution.

Although ZTE has shown its sincerity in admitting mistakes, it will learn lessons from its past experience in export control compliance, consider compliance as the cornerstone of its corporate strategy and the premise and the bottom line of its operations, hoping to solve the US ban crisis, but the market is still worried that the ZTE event will rush. The market demand for Netcom was hit, and following the consecutive decline in GaAs, Stabilization (3105) and Brand New (2455), the intraday stock price hit a new low in the band. Today, Primus, Luen Mao and Tai Yao also joined the daily limit. 

In terms of fundamentals, due to strong market demand, such as servers, Lian Mao, Tai Yao and Boye’s combined revenue in the first quarter of this year were all better than the same period of last year. In the first quarter, Primus’ consolidated revenue was RMB 719 million. With an annual growth rate of 45.11%, the company achieved the best performance. Tai Yao’s consolidated revenue in the first quarter was 4.436 billion yuan, an annual growth of 11.65%, and the combined revenue of the first quarter was 5.692 billion yuan, a year-on-year growth of 11.17%.

Primus and Lianmao stated that in the short term, ZTE has a limited impact on the company's operations, and its operations in the second quarter will be better than in the first quarter.

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