Wind data shows that as of the evening of January 21, 20 mobile phone industry chain companies have released 2020 annual performance forecasts, and 16 companies have a positive performance forecast, accounting for 80%. Brokerage analysis said that in 2021, the wave of 5G mobile phone replacement will drive the performance of the mobile phone industry chain to improve.
Wind data shows that among the above-mentioned mobile phone industry companies that released their 2020 performance forecasts, 13 companies have pre-increased their performance, 1 company has slightly increased their performance, and 2 companies have turned losses.
Zhuoshengwei is a leading enterprise in the domestic RF industry. Tianfeng Securities pointed out that the company’s current RF device products are mainly used in the products of terminal manufacturers such as Samsung, Huawei, Xiaomi, vivo, and OPPO. Zhuoshengwei estimates that the net profit attributable to shareholders of listed companies in 2020 will be 1 billion yuan to 1.050 billion yuan.
Zhuoshengwei said that during the reporting period, benefiting from the development of 5G communication technology and the company’s early product layout, the company’s antenna switch products were further highly recognized by the market; at the same time, the company’s RF module products were gradually adopted by many well-known manufacturers. Produce. During the reporting period, the company’s product structure was further optimized and adjusted, and the customer penetration rate continued to increase.
Dongshan Precision predicts that the net profit attributable to shareholders of listed companies in 2020 will be 1.4 billion to 1.6 billion yuan. Dongshan Precision said that the company’s core product printed circuit board business has strong downstream demand, and its operating income and profit scale have achieved substantial growth.
CITIC Construction Investment pointed out that in terms of PCB soft boards, downstream demand is strong. In the first three quarters of 2020, due to the delay of Apple’s new machine, the proportion of new products’ revenue decreased year-on-year, and Apple’s stocking was strong in the fourth quarter. At present, the shipment momentum of the iPhone 12 series is still strong, and the production of new models in the fourth quarter of 2020 and the first quarter of 2021 is tight, and the boom continues.
From the perspective of panel companies, Shentianma A expects that the net profit attributable to shareholders of listed companies in 2020 will be 1.45 billion yuan to 1.650 billion yuan.
Shen Tianma A said that the company accelerated product upgrades through technological innovation, continued to optimize product structure, and continued to increase the proportion of high value-added products shipped. Under the circumstance that the epidemic brought challenges to the development of the industry chain, the company did its best to ensure delivery. Superimposed on the promotion of 5G, the company seized market opportunities, and the demand for main products was strong.
Intensive release of new mobile phones
It is worth noting that from January 2021, mobile phone manufacturers will release new products intensively. On January 11, mobile phone manufacturer iQOO released the iQOO 7 mobile phone equipped with the Snapdragon 888 flagship chip; on January 18, the Samsung Galaxy S21 mobile phone was released in the Chinese market; on January 22, Honor will release the V40 mobile phone. In addition, on January 11, Redmi officially announced that the Redmi K40 series of mobile phones will be officially unveiled next month.
From the perspective of Apple mobile phones, CITIC Securities believes that the shipments of Apple mobile phones in the first quarter of 2021 will maintain a high year-on-year growth.
Institutions also pay close attention to the trends of mobile phone industry chain companies. Wind data shows that since January, the organization has intensively investigated 8 mobile phone industry chain companies including Xinwei Communication and Han’s Laser.
CITIC Securities believes that in 2021, benefiting from 5G replacement and the recovery of consumption power, global smartphone sales are expected to reach 1.35 billion to 1.4 billion, a year-on-year increase of 10% to 15%. In terms of 5G mobile phones, the wave of mobile phone replacement will drive the entire industry chain to usher in performance improvement.
Soochow Securities pointed out that if the main customers of the relevant companies are in a disadvantageous position in the market competition, the company’s technology and production capacity cannot meet the requirements of customers’ new products, or customers temporarily change, delay or suspend the technical route of new products, or the company cannot develop new products in time. Customers, related companies performance will be adversely affected.
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