Home » Joyson Electronics’ half-year performance forecast is released: the pre-loss is about 110 million yuan, and it hits the daily limit today | Daily Economic News

Joyson Electronics’ half-year performance forecast is released: the pre-loss is about 110 million yuan, and it hits the daily limit today | Daily Economic News

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Joyson Electronics’ half-year performance forecast is released: the pre-loss is about 110 million yuan, and it hits the daily limit today | Daily Economic News

On July 12, Joyson Electronics (SH600699, stock price of 14.91 yuan, market value of 20.4 billion yuan) released a performance forecast for the first half of 2022, and it is expected to lose about 110 million yuan in the first half of the year. However, Joyson Electronics’ stock price opened with a strong tentacle and daily limit today, and then experienced a shock fall, and finally closed up 3.97% throughout the day.

Image source: Wind screenshot

According to the forecast announcement of Joyson Electronics, according to the preliminary calculation of the company’s financial department, it is expected to achieve revenue of about 22.7 billion yuan in the first half of 2022, a year-on-year decrease of about 950 million yuan, or a year-on-year decrease of about 4.0%; the net profit attributable to the parent is about -110 million yuan , from profit to loss year-on-year, with a loss of about 160 million yuan in the first quarter and a profit of about 50 million yuan in the second quarter.

For the performance loss, Joyson Electronics believes that it is mainly caused by non-recurring losses caused by production shutdown and business restructuring. Since late March this year, the new crown epidemic in the Yangtze River Delta region has caused the shutdown of Joyson Electronics and its subsidiaries. During the shutdown period, fixed labor costs and related expenses of about 140 million yuan were inevitably incurred, including employee wages, fixed assets. Depreciation and amortization of intangible assets, etc.

At the same time, Joyson Electronic Automotive Safety Division continued to promote the reorganization of its European and American regional businesses, and incurred about 200 million yuan in reorganization and integration expenses in the first half of this year.

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However, after deducting non-recurring gains and losses, Joyson Electronics expects to achieve a non-net profit of about 80 million yuan in the first half of the year, including a loss of about 50 million yuan in the first quarter and a profit of about 130 million yuan in the second quarter. However, the deducted non-net profit value achieved by Joyson Electronics in the last three years is very unstable. In the interim financial report of 2019~2021, the value was 570 million yuan, -55.028 million yuan, and 300 million yuan, respectively. At the end of the three-year period from 2019 to 2021 In the financial report, the values ​​were 1.01 billion yuan, 340 million yuan, and -3.79 billion yuan respectively.

Regarding the stock price performance of Joyson Electronics, the head of the business department of a securities firm in Beijing said in an interview with the “Daily Economic News” reporter: “From the perspective of investment analysis, the long-term valuation of listed companies mainly depends on two aspects: one is The operation of the company’s main business, which can improve the company’s stock valuation; the other is the performance of new businesses or hot businesses, which is an important basis for the company’s incremental valuation.”

It is worth mentioning that Joyson Electronics plans to sell no more than 17% of its shareholding subsidiary Ningbo Joyson Qunying Automotive Systems Co., Ltd. Further optimize the company’s asset structure and focus high-quality resources on the company’s main business.

In addition, the autonomous driving sector, where Joyson Electronics is located, has recently brought significant benefits as Shenzhen took the lead in legislation to support the commercialization of autonomous driving technology. It is understood that Joyson Electronics and its subsidiaries have participated in smart cockpit, car safety, car networking and other businesses in the field of autonomous driving, and Joyson Electronics has also received research reports from Minsheng Securities, Cinda Securities and other securities companies.

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Cover image source: Visual China


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