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Jiangsu Pacific Quartz Co., Ltd's (SHSE:603688) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Jiangsu Pacific Quartz's (SHSE:603688) recent performance, when its stock has declined 7.1% over the past month. But if you pay close attention, you might
Quartz Co., Ltd. (603688): TOPCON's shipment volume quartz sand demand will exceed expectations
The performance forecast exceeded expectations, and tight supply and demand in the industry spawned a continuous rise in the price of high-purity quartz sand. The company announced an advance performance increase announcement on 1/30. The net profit returned to the mother in '22 is estimated to be 98-1.08 billion yuan, YoY +248%-285%, exceeding our and market expectations. Based on the median performance range, net profit of 22Q4 was 466 million yuan, a sharp increase of 280 million yuan over Q3's net profit in a single quarter. We judge that the month-on-month increase in net profit in Q4 is mainly due to the continued rise in the price of high-purity quartz sand. The release of 20,000 tons of production capacity put into operation in 22H2 also brought about a certain increase in production and sales. According to downstream crucible companies
Guotai Junan: The leading sector with additional building materials at the bottom of domestic and foreign investment is expected to usher in recovery in 2023
The Zhitong Finance App learned that Guotai Junan released a research report saying that the absolute value of real estate sales and the first correction of central enterprises and state-owned enterprises in August all mean that real estate sales have reached the absolute bottom, and new construction is expected to bottom out before 2023H1. However, infrastructure funding is plentiful, and it is also expected that physical work will be implemented in 2023, and the building materials sector is expected to recover in 2023. The bank recommended leaders Dongfang Yuhong (002271.SZ), Weixing New Materials (002372.SZ), Beixin Building Materials (000786.SZ), Baby Bunny (002043.SZ), Subot (6)
Quartz Co., Ltd. (603688) Follow-up review: The scarcity of high-quality quartz sand highlights equity incentives and confidence
The quality of photovoltaic quartz crucibles has declined markedly in recent years, which will have a certain impact on silicon wafer production. The core quality of the crucible depends on the quality of high-purity sand. Due to long-term mineral source acquisition and purification technology accumulation, quartz shares have a leading advantage in the production of interlayer sand, while it is more difficult for domestic small and medium-sized enterprises to produce interlayer sand that meets the requirements and maintain the company's “buy” rating. The problem of declining quality of photovoltaic quartz crucibles is becoming more and more obvious. According to the SMM Photovoltaic News report on January 30, a silicon wafer company caused silicon leakage due to power outages in individual plants and superimposed crucible quality problems. Its silicon wafer production schedule in February and
Quartz Co., Ltd. (603688): The pioneer of high-purity sand has high-quality mineral sources and purification power
Investment highlights covered quartz shares (603688) for the first time, giving it an outperforming industry rating. The target price is 151.00 yuan, corresponding to 23/24e 25x/18XP/E. The reasons are as follows: there is still a gap between supply and demand for photovoltaic-grade high-purity sand in 2023, and the scarcity of the inner layer may be more obvious. We believe that there will still be beta support for high-purity sand in 2023. According to our estimates, the inner/middle and outer layer demand will be 39/59,000 tons respectively. On the supply side, we comprehensively consider: 1) new overseas supply is limited; 2) the pace of domestic production expansion is mainly controlled by quartz stocks to measure inner/middle and outer supply
Quartz Co., Ltd. (603688.SH) plans to launch the fourth phase of the employee stock ownership plan with a scale of no more than 183 million yuan
According to the Zhitong Finance App, Quartz Co., Ltd. (603688.SH) disclosed the fourth phase of the employee stock ownership plan (draft). The employee stock ownership plan uses “shares” as the subscription unit, with a share of 1 yuan per share. The maximum number of shares in the employee stock ownership plan is 183 million shares. The total number of people participating in the employee stock ownership plan did not exceed 493, including 9 company directors, supervisors, and senior managers. The total subscription share was about 17.7 million copies, accounting for 9.67% of the total share of the employee stock ownership plan.
Quartz Co., Ltd. (603688) 2022 Performance Forecast Review: The frequency of price increases is accelerating and the product structure continues to be optimized
According to the company's 2022-year performance forecast increase announcement, we estimate that its net profit for Q4 2022 increased sharply by 286.38% to 383.88% year-on-year, exceeding market expectations. Mainly due to the company's accelerated price increases in the fourth quarter and further optimization of the product structure, we expect this trend to continue in 2023, maintaining the company's “buy” rating. The company expects performance growth of 248.06% to 284.72% in 2022. The company announced an advance performance increase announcement for 2022. It is expected to achieve net profit of 978-1,081 million yuan for the whole year, an increase over the previous year
Quartz Co., Ltd. (603688.SH): Net profit is expected to increase by 248.06% to 284.72% in 2022
Gelonghui, January 30, 丨 Quartz Co., Ltd. (603688.SH) announced that according to preliminary estimates by the finance department, the company expects to achieve net profit attributable to shareholders of listed companies in 2022 of about 978 million yuan to 1,081 million yuan. Compared with the same period last year (statutory disclosure data), it will increase by 69,70,000 yuan to 80,000.00 million yuan, an increase of about 248.06% to 284.72% over the previous year. After deducting non-recurring profit and loss matters, the company's net profit attributable to shareholders of listed companies in 2022 was approximately 945 million yuan to 1,045 million yuan, the same period as the previous year
If EPS Growth Is Important To You, Jiangsu Pacific Quartz (SHSE:603688) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. But as Peter Lynch said in One Up On Wall
Quartz Co., Ltd. (603688.SH): The sale of shares in the third phase of the Employee Stock Ownership Plan was completed and terminated
Glonghui, January 10, 丨 Quartz Co., Ltd. (603688.SH) announced that as of the disclosure date of the announcement, all 1,5157 million shares of the company held in the company's third employee stock ownership plan had been sold. According to the relevant provisions of the employee stock ownership plan, the implementation of the third phase of the company's employee stock ownership plan was completed and terminated.
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