Annual Report Direct | Spin-off “Cash Cows” Meijing New Materials, Jingsheng Electromechanical sells another 900 million dividends

The performance was high, and “Profit Cows” contributed greatly.

lanjinger.comApr 17 10:55

Jingsheng Electromechanical (300316) 2023 Annual Report Review: The diversified layout of collaborative development of equipment+materials is gradually evolving and can be expected to continue to grow

The incident described that in 2023, the company achieved revenue of 17.983 billion yuan, +69.04% year-on-year, and net profit to mother of 4.558 billion yuan, +55.85% year-on-year. Of these, 2023Q4 achieved revenue of 4.521 billion

長江證券Apr 16 14:06

Jingsheng Electromechanical (300316) 2023 Report Review: Continued High Performance, Increased Materials+Equipment Platform-based Layout

The materials business performed well. In Q4, inventory impairment losses affected profits: In 2023, the company achieved operating income of 17.98 billion yuan, +69% over the same period last year, of which revenue from equipment and services was 12.81 billion yuan, +51% over the same period last year

東吳證券Apr 16 07:11

Dongwu Securities released a research report on April 15 stating that it gave Jingsheng Electromechanical (300316.SZ) a purchase rating. The main reasons for the rating include: 1) excellent performance in the materials business, with inventory impairment

Dongwu Securities released a research report on April 15 stating that it gave Jingsheng Electromechanical (300316.SZ) a purchase rating. The main reasons for the rating include: 1) excellent performance in the materials business, with inventory impairment losses affecting profits; 2) profitability remains stable, with the annual net interest rate of crucible about 49%; 3) high increase in inventory & contract liabilities and abundant on-hand orders; 4) PV equipment: achieving full coverage of silicon wafers, batteries, and component equipment; 5) Jingsheng semiconductor equipment positions large silicon wafers, advanced packaging, advanced manufacturing processes, silicon carbide; 6) materials: layout silicon carbide substrates & quartz crucibles & diamond wires. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 15 23:32

Research Report Nuggets丨CICC: Jingsheng Electromechanical's annual performance is in line with expectations, maintaining the “outperforming industry” rating

Gelonghui, April 15 | According to CICC's research report, Jingsheng Electromechanical (300316.SH)'s net profit for 23 years was 4.558 billion yuan, +55.9% year-on-year (+50%-70% compared to the forecast), and the high increase in annual performance was in line with expectations. The company has plenty of orders for equipment on hand, and high-quality crucibles are still scarce. Judging that the price of crucibles is expected to remain at ~35,000 yuan/piece (tax included) in 2024, supporting high profitability; at the same time, the company continues to release production capacity for carbon/tungsten diamond wire and silicon carbide substrates (especially 8 inches). The company continues to expand from photovoltaics to the semiconductor industry chain, card position

Gelonghui FinanceApr 15 17:26

Jingsheng Electromechanical (300316.SZ): The fifth-generation monocrystalline furnace launched by the company introduces superconducting magnetic field technology applied on a large scale in the semiconductor field to the photovoltaic field

Gelonghui, April 15, 丨 Jingsheng Electromechanical (300316.SZ) said on the investor interactive platform that the company launched the fifth-generation monocrystalline furnace, introduced large-scale superconducting magnetic field technology into the photovoltaic field, completely opened the process window for low-oxygen N-crystal growth, achieved stable growth of less than 5 ppm of ultra-low oxygen monocrystals, completely eliminated concentric circles and increased the lifespan of fewer children, and broadened the effective resistivity range, making it possible for N-type battery efficiency to once again approach the theoretical limit. At the same time, the fifth-generation single crystal furnace provides customers with a single crystal on the basis of the original intelligent whole plant Changjing centralized control system and AI data analysis system

Gelonghui FinanceApr 15 17:25