This article is reprinted from: Marking Machine Network http://www.technifor.cn/
Reason for the abnormal fluctuation:
Recently, the company announced its third quarter report for 07 and estimated that the net profit for 07 would increase by 80%-110% compared to the same period of the previous year. The main reason was that during the reporting period, the company's product sales revenue continued to grow, the product gross profit margin remained at a stable level, and the growth rate of period expenses was lower than the growth rate of sales, so the company's total profit grew rapidly.
Investment highlights:
(1) Dazhu Laser is a leading enterprise in China's laser equipment industry. Many businesses such as laser marking machines, laser welding machines, laser cutting machines, and PCB laser drilling machines are leading domestically. The company owns many international patents, and its core technology is at the international leading level.
(2) In the case of expanding production scale, the company's product gross profit margin remains stable, and the growth rate of period expenses is lower than the growth rate of sales. As Asia's largest laser processing equipment manufacturer, the company holds 70% of the domestic market share in the field of laser marking equipment. Benefiting from the continuous high-speed growth of the laser application industry in recent years, the company has broad market space.
(3) Dazhu Laser recently signed an investment framework agreement with Yuyao Bao Ma Printing Materials Co., Ltd. According to the agreement, the company and Bao Ma Printing Materials plan to jointly initiate the establishment of Dazhu Derun. The registered capital of Dazhu Derun is RMB 63 million. The company contributes RMB 32.13 million in cash, accounting for 51% of the shares; Bao Ma Printing Materials contributes assets related to the production of printing plates for RMB 30.87 million, accounting for 49% of the shares.
Risk warning:
With the increasing importance of the Chinese market, some well-known global laser companies are accelerating their layout in China. At the same time, the low level of domestic basic supporting facilities may have a certain impact on the company's future development towards the high-end market.