Target 4.36 ( 1 to 5 months )Good Technical and fundamental , darnings good , So Target 4.36 Duration 1 to 5 months........
200725 trade ideas
BOE Reached CNY 20 billion in Net Profit as of Q3 2021In the first half of 2021, BOE continued to rank first in the world in terms of display shipments in the five application areas of smartphones, tablets, notebook computers, monitors, and TVs.
BOE released its Q3 earnings report for the period ended September 30, 2021, on October 28.
· Operating income was CNY 56 billion, a 46.8% year-on-year increase.
· Net profit was CNY 7.3 billion, a 441.1% year-on-year increase.
· Debt ratio was 13.88%.
· Gross margin reached 44.32%.
· Financial expenses were CNY 99 million.
The First three-quarter financial reports for the IoT firm are as below:
· Revenue was CNY 163.3 billion, a 72% year-on-year increase.
· Net profit was CNY 20 billion, a 708.4% year-on-year increase.
BOE issued the "Announcement on Provision for Asset Devaluation in the First Three Quarters of 2021." The company’s provision for inventory depreciation in the first three quarters of 2021 was 3.949 billion yuan, transferred back 1.24 billion yuan, and resold 792 million yuan. Inventory impairment losses in the first three quarters of 2021. The total profit is 1.918 billion yuan.
The company also released the investment project – "BOE Chengdu vehicle display project" with CNY 2.5 billion. The project strives to start production at the end of 2022, with an annual output of approximately 14.4 million onboard display screens after reaching full capacity.
BOE Released its Performance Forecast: Profits Might be IncreaseBOE expects to achieve a net profit of CNY 12.5 billion to CNY 12.7 billion in the first half of 2021, with a year-on-year growth of 1001% to 1018%.
On July 13, BOE Technology Group Co., Ltd. (BOE) released its 2021 semi-annual performance forecast. According to the announcement, the basic earnings per share are expected to be about CNY 0.355 to CNY 0.361, 13 times higher than that of CNY 0.026 apiece in the same period of 2020.
The announcement shows that BOE's good performance is attributed to the global semiconductor display industry's prosperity, with stronger demand and rising prices caused by the shortage of raw materials. Meanwhile, the company's mature production lines will maximize production and sales, maintaining a leading position in the LCD mainstream application market, improving profitability and the product mix.
According to BOE's 2020 financial report, the annual revenue was CNY 135.55 bn, with an increase of 16.80% year-on-year; the net profit was CNY 5.04 bn, reporting growth of 162.46%. Furthermore, the company achieved a net operating cash flow of about CNY 39.25 bn, with cash on hand of approximately CNY 73.69 bn. During the same period, BOE's overall display shipments ranked first globally, including five major application fields such as smartphones, tablets, laptops, monitors and TVs.
In addition, based on the forecast data of Sigmaintell, the firm will still rank first in the world in terms of display shipments in the five application areas of smartphones, tablets, laptops, monitors and TVs. And the market share of automotive display panels over 8 inches will also continue to remain the world's first.
Omdia, a technology research firm, predicted that BOE, TCL CSOT and HKC would become the top three global panel production capacities, accounting for 25.3%, 17.2% and 10.3% respectively.
Possible Long for BOE Technology (incl Apple Supply Chain) Short Term looking at a short via MACD momentum, as Apple devices usually launching coming close to season.
BOE might only get 20% order, still looking a possible W pattern forming and resistance to break to see the possible profit.
Share might keep flowing down wards trending if no breakout. We lets watch...
#Apple as this company is within Supply Chain possibility
