Dongshan Precision Has Received Big Orders For 5G Products From Huawei And Its Executives Have Added Subsidies Of 260 Million Yuan

- Oct 08, 2018-

[dongshan precision] announced in the morning of October 8 that aifu electronics, the holding subsidiary of the company, had obtained orders from huawei technologies co., LTD., and aifu electronics provided huawei with products such as 5G ceramic medium filter. The total order amount was RMB 2,588,080,000.
Dongshan precision is an enterprise engaged in the design, production and sales of communication equipment. Its main products include communication equipment, semiconductor equipment, electronic products, etc.The company is one of the world's largest suppliers of precision sheet metal parts for base station antenna.
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Aifu electronics, a subsidiary of dongshan precision company, has entered into an order cooperation with huawei and will provide 5G ceramic medium filter and other products to huawei. The company's 5G technology reserve will gradually release good performance driven.If the above orders are delivered smoothly, the total amount of this order will directly contribute to the operating revenue of 2018, which will further promote and improve the company's overall profitability and at the same time increase the company's market share in 5G market.
Dongshan precision has been getting good news recently. On September 14, it first acquired an increase of 31.66 million shares in the secondary market by MAO xiaoyan, the secretary of the board, director and executive.Then, on September 25, the company announced that it received 267 million yuan of subsidies from the government of yancheng, while the company's net profit in the first half of 2018 was 260 million yuan. After deducting non-recurring profit and loss, the net profit was 104 million yuan.
Dongshan precision started with precision manufacturing, products have covered precision metal manufacturing and precision electronic manufacturing plate.In 2016, the company successfully integrated MFLX and became one of the top five FPC manufacturers in the world. In 2017, the revenue of MFLX reached a record high of 6.4 billion yuan, with the gross profit rate stabilizing, leading to a substantial increase in the company's revenue and net profit.In the future, consumer electronics and automotive electronics will promote the continuous expansion of the FPC market and the continuous transfer of FPC industry to the mainland, and the company, as the world's leading and the largest FPC manufacturer in China, will continue to benefit.
Dongshan precision and small spacing LED business has been developing rapidly. At present, it ranks the first in some subdivisions, and its customers include liade, chau Ming, hai kang and daco, etc.The communications business is expected to gain a share in the new dividend brought by 5G through the acquisition of ifo electronic cutting medium new material field and the accumulation of existing technologies in antenna and filter.The company is committed to supporting production capacity, investing 3 billion yuan to set up FPC, LED packaging, CG and other projects in yancheng. The first-phase project will achieve sales of 5 billion yuan this year, and the annual sales will exceed 20 billion yuan after all the projects are put into operation, becoming the world's largest LED packaging and FPC production and manufacturing base.
Dongshan precision has been positive in the near future, adding to the continuous decline of the stock price in the early stage, and the trend of MACD green column shrinking and turning red in technology has been very obvious, the stock price of the company may face a turning point in the short term.