Touch panel factory Yanhua actively transformed and idle funds invested in financial stocks to make profits stable

Beijing time 2019-04-03 news, China touch screen network news, touch factory Yanhua investment financial stocks profit end even 6 years loss. Yanghua (3622), a touch panel factory, actively transformed. Although the revenue scale did not reach the level last year, the loss in the industry expanded, but the use of idle funds to invest in financial stocks was stable, and the rental of activated assets was squatted, yanhua had a post-tax surplus of 0.119 billion yuan last year and a post-tax surplus of 0.79 yuan per share, ending the fate of losing money for six consecutive years.
Yanhua said that the glass touch production line was restarted last year. It is expected that the revenue of the photoelectric department will reach 0.7 billion yuan loss level this year, and the industrial control layout will gradually ferment. This year's operation will be better than last year.
Yanhua relied on foreign investment and finally turned to profit last year, but its loss in the industry was expanded from 73 million yuan in the previous year to 0.11 billion yuan last year, mainly in the process of transformation, reduce consumer products such as tablets and mobile phones to receive orders, so that the annual revenue scale will be reduced to 0.739 billion yuan, and the fixed cost increase will increase the loss of the industry. If you look at the department, the mechanical and electrical revenue was 0.313 billion yuan, and the photoelectric revenue was 0.425 billion yuan. The proportion of industrial control products accounted for the photoelectric revenue increased to 58%.
In order to improve the profit of the photoelectric department, Yanhua continued to work in the industrial control field. The products cover ATM, sports equipment, performance processing investment, etc. Bai Zhiqiang, chairman of Yanhua, said that since the end of last year, increase the investment in glass splashing and surface treatment. The supply size is from 1-inch to 65-inch. It is to see the anti-Hyun and anti-pollution requirements of industrial control products, and match LCM and fit, it is expected to start contributing operations this year.
In addition, Yanhua used idle funds to invest in financial stocks to obtain stable cash flow. Last year, foreign earnings exceeded 0.2 billion yuan, which was the key to foreign losses.
Yanhua's investment target is to select large, high cash yield and high liquidity financial stocks, including Zhaofeng Gold (2886), First Gold (2892), combined warehouse (5880) and Taiwan enterprise and bank (2834 ), as of last year, the sale of financial assets was about 1.95 billion yuan. Yanhua pointed out that if there is no large capital expenditure demand, it will continue to be held this year and there is no plan to dispose of it.
During the US-China trade war, many manufacturers transferred their positions to Vietnam for investment, and Yanhua took the opportunity to activate Vietnamese factories. At present, they have been rented out to Korean operators. This year, Chinese tenants will be added. In addition to retaining their own offices, the East real estate will be added, will also be rented.