Huabang Power Benefited From Memory, and Its Revenue in the Second Quarter Is Expected to Increase b

Thanks to the arrival of orders from major customers such as apple, Samsung and Huawei, and the booming receipt of orders from car and industrial control memory, the three product lines of Huabang power, nor flash, NAND flash and DRAM, continue to be in short supply. Not only will the receipt of orders be full in the second half of the year to the fourth quarter, but the price is expected to rise quarter by quarter.

Huabang power announced that the consolidated revenue in May was 4.489 billion yuan, slightly flat compared with April, an increase of 18.2% compared with the same period last year. The cumulative consolidated revenue in the first five months of this year reached 21.134 billion yuan, an increase of 18.3% over the same period last year, which has rewritten the new high over the same period of previous years, and the performance is better than the market expectation.

The consolidated revenue of Huabang power in the first quarter was RMB 12.156 billion, and the after tax net profit attributable to the parent company reached RMB 1.572 billion, but it increased nearly 1.3 times compared with the same period last year, with a net profit of RMB 0.40 per share. The legal person said that although the second quarter is the off-season of the memory market, the shipments of Huabang DRAM and nor / NAND flash are booming, and the revenue in June will maintain a high-end level. It is estimated that the revenue in the second quarter is expected to be 13.5 billion yuan, an increase of more than 10% over the first quarter, and will rewrite the new quarterly revenue in recent 18 years. The net profit per share in the first half of the year has the opportunity to challenge 1 yuan.

With the memory market gradually entering the peak season in the second half of the year, the three product lines of Huabang DRAM, nor flash and NAND flash are still in short supply, and the orders have been filled to the fourth quarter. Among them, the market prospect of NOR flash continues to be promising. Thanks to the mobile phone equipped with OLED panel, wireless charging, advanced driving assistance system (ADAS) and other applications, the carrying capacity of NOR flash needs to be increased. In the second half of the year, it is expected that the supply will exceed the demand. After the international major manufacturers increase the quotation, the industry expects Huabang power to also increase the price.

After Huabang power transformed into a niche memory factory, DRAM and NAND flash product lines turned to focus on the industrial control and vehicle market, and successfully entered the supply chain of first-line vehicle factories and large industrial control system manufacturers. As DRAM is still out of stock in the second half of the year, SLC NAND also continues to be in short supply. With the demand for emerging industrial control applications such as ADAS, safety monitoring and artificial intelligence entering the peak season, Huabang power's DRAM and SLC NAND production capacity in the second half of the year has been contracted by customers and is expected to rise in price.

The legal person said that in the second half of the year, Huabang power benefited from the full load of orders received by the three product lines and the price rise, and its operating performance will be better than that in the first half of the year. The annual revenue is expected to successfully exceed the 50 billion yuan mark, set a record high in annual revenue, and the annual net profit per share is expected to look up to 2 yuan. Huabang power does not comment on the estimated financial figures of legal persons.