10/8/2017-2

Qiu titanium material shipments in the second half more than 2 percent

(01478) strong performance in the first half, net profit rose 145.5% year on year to 201 million yuan (RMB) the same below, the analysis said its business and Shun Yu (02382) similar to the valuation is expected to further push high. Management materials in the second half of the year shipments can be increased by 20% to 30% in the first half.

Half year net profit doubled stock prices see new high

Qiu titanium announced the first half of the performance yesterday, the stock hit a record high, see 10.44 yuan, to close at 10.22 yuan, up 4.3%, turnover of more than 210 million yuan.

Some analysts believe that the company 2 years ago to see the effectiveness of the reform, the successful introduction of OPPO and vivo and other large customers, this year began to direct supply to Huawei, hand-held China’s first three major mobile phone manufacturers orders, coupled with mobile phone hardware is in the upgrade Stage, will help enhance the unit price and shipments.

Qiu titanium fingerprint identification module shipments in the first half of 34.32 million, up 23.6 times over the same period last year, financial director and co-company secretary Fan Fuqiang explained that the market scale expansion last year, lower base and market share, fingerprint module Customers include Huawei, millet, etc., so that sales growth, the future will take into account the camera lens and fingerprint module business.

The Group’s comprehensive product unit price increased by 34.1% to 30.7 yuan, chairman and executive director He Ningning explained that the Group to enhance product quality, is the development of high-end products, the future of the lens products have more application features, favorable price upward.

Fan said that the second phase of the plant in Kunshan has been completed to build, to maintain the end of the year before the camera lens module production capacity expanded to not less than 30 million per month, fingerprint identification module production capacity expanded to no less than 17 million per month aims.

Fingerprint module shipped throughout the year exceeded the standard

He said that the mobile phone accessories industry is seasonal, the second half of the traditional season, is expected to ship shipments in the first half can be increased by 20% to 30%, confident fingerprint module annual shipments can exceed 60 million aims.