Recently,
Yu Shun electronic "single effect" driven, touch screen plate shares a
collective dance, the majority of stocks intraday rocketed to their daily limit.
The
Sound and the Fury behind the touch screen industry listed companies are
generally mediocre performance.Although
the market environment is becoming increasingly complex, many companies still
have to start to increase their investment plans to raise huge sums of money
voted to build the expansion project of the capacitive touch
screen.Industry
competitionUp
to now, the touch screen a number of main business of listed companies have been
disclosed in the notice of 2011 annual results or the results of Letters.
In
addition to Fang Xing Technology (600552) net profit increase of over 70%, the
results of a number of companies increase below 40%, individual companies even
performance on a slippery slope. The
touch screen industry generally poor performance.Leybold
Tech (002106) forecasts, in 2011 attributable to shareholders of listed
companies net profit increase of about 0-10%. The
company said the project is put into large-size capacitive touch screen to bring
a degree of contribution to the results, but the industry competitive
environment is more complex, the needs of the consumer electronics market
uncertainty increases, fluctuations in market demand and industry competition,
the dominant product price cut ,
company and product sales to bring greater challenges."Touch
screen" star shares Yu Shun also feel the pressure of competition. Less
stable due to the economic situation at home and abroad, market competition, the
2011 LCD module sales revenue to a certain level of growth, but the cost is
rising faster, results of operations is expected to a certain degree of decline
in the last three quarterly The
expected net profit of changes in the range of down 30% to an increase of
20%.While
Ophelia light (002 456) recent announcement of the results of Letters, the
company was profitable last year only 22,548,800 yuan, 55,088,800 yuan a year
earlier, a decrease of 56.71%. Nanchang,
a wholly-owned subsidiary of receipt of government operating subsidies of 10
million yuan after the company forecast in the last three quarterly decline of
70%, thus making it possible upward revisions performance. In
addition, the long letter of the GEM three touch screen technology (300 088),
stars (300 256) and the Department of Crown shares (300,282) expected 2011 net
profit increase of about 30%.Franshion
science and technology performance increase significantly higher than other
companies, the company expects to last year, net income increased by 70%.
However,
the growth performance is not entirely derived from the growth of the main
business, the company completed last year, a major reorganization of assets, the
replacement is completed, fused zirconia, zirconium silicate and the original
ITO conductive film glass business to become the company's core business.
The
company core business is expected to bring to the company net profit of 62.9
million yuan, while the 2010 annual net profit in the previous period report the
retroactive adjustment of $ 63.6 million yuan.The number of
companies start refinancingAlthough
the touch screen performance of listed companies are generally sluggish, but the
powerful adverse economic expansion. The
end of last year until early this year, many companies have started to increase
their investment plans, raising huge sums of money voted to build the expansion
project of the capacitive touch screen.In
October last year, the two listed companies in Shenzhen Leybold Tech and Yu Shun
almost simultaneously start the private placement plan. Leybold
Tech non-public offering of stock plans, the Company intends to release the
reserve price of 24.69 yuan per share private placement to raise nearly 1.7
billion yuan investment in integrated capacitive touch-screen projects, and a
new display panel project; Yu Shun Electronics plans to 19.33 yuan / share
release
the reserve price to the particular object to the issuance of not more than 3500
shares, raising not more than 550 million yuan for small and medium-size
capacitive touch screen production line, production line of ultra-thin super
cover glass and the glass substrate R & D projects.Despite
the increasingly complex market environment, however, the research firm
DisplaySearch forecasts, in 2011 the global touch screen industry output value
of over $ 13 billion, the 2014 touch screen phone shipments will reach 955
million, the next three-year compound annual growth rate will reach 27.58%.
Downstream
market demand for the touch screen industry.The
industry also pointed out that, despite good market prospects and investment
projects in production release will take some time, Moreover, once raised
investment projects completed and put into production, the increase of fixed
assets, depreciation expense may affect the company's net profit growth.
Some
investors said that the recent touch screen plate stock fundamentals have not
changed the situation of collective agitation, is probably due to the market
price of shares of listed companies below the private placement of the reserve
price, the market of speculative opportunities.Just
yesterday, Ophelia light after a continuous rise in its share price at top speed
the launch of its private placement programs, and fund-raising 1.5 billion yuan
investment and small and medium-size capacitive touch screen expansion project.
Listed
companies have launched the expansion project of the touch screen, or will lead
to a new round of competition in the industry. Guoxin
Securities analyst Duan Ying Sheng recently released a research report pointed
out that the touch panel have plans to expand capacity, LCD panel manufacturers
rushed into the touch screen industry, the formation of a touch panel is
becoming increasingly fierce diversified and competitive landscape, industry
overheating. However,
he believed in the industry, increasing competition in product prices continued
to fall under the pressure of the integrated firm is expected to win in the
competition.
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