A-Share Listed Passive Components Companies - Profiles and Financial Data

March 2017 | 80 pages | ID: AD5285FA508EN
China Research and Intelligence Co., Ltd.

Abstracts

According to CRI, players in the passive component industry are mainly in Japan, Taiwan, the U.S.A., mainland China and Southeast Asia. Japan occupies an absolute advantage with 52% of market share. The depreciation of the Japanese Yen will further push up the share of Japanese companies. Manufacturers from mainland China only take up 7% of market share and the products are mostly low-end.

The upstream of the passive component industry is material suppliers of resistors, capacitors, inductors, filters and oscillators; the midstream is manufacturers of these components; the downstream is suppliers of electronic products. Passive components are indispensable electronic components which are widely used in PCs, mobile phones, tablet computers, servers, audio and visual devices and automobiles.

CRI estimates that in 2016, the production value of the passive component industry was over USD 20 billion, 66% of which were capacitors, valued at USD 15 billion. The market value of passive component companies increased year by year from CNY 35 billion at the end of 2011 to CNY 160 billion at the end of 2016. The industry is heavily affected by the global economy in that the supply and demand change with the global economy.

CRI anticipates that following the trend of economic globalization, major passive component factories will move to China. Multinationals are purchasing from China. In addition, Chinese manufacturers have been advancing their technologies. These will all promote the development of the passive component market and will increase the share of Chinese players in the global passive component industry.

In this report, CRI analyzes 19 passive components manufacturers listed in A-share market in China.

The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).

The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.

(1) Financial Indexes

• Earnings per Share
• Book Value per Share (BPS)
• Sales per Share (SPS)
• Net Cash Flow per Share from Operations
• Net Cash Flow per Share (CNY)
• Return on Net Worth
• Net Profit Margin on Total Assets
• Return on Invested Capital (ROIC) (%)
• Gross Profit Margin on Sales (%)
• Net Profit Margin on Sales (%)
• EBIT Margin (%)
• EBITDA Margin (%)
• Debt to Asset Ratio (%)
• Total Asset Turnover (times)
• Cash/Operating Income Received from Sales of Goods or Services
• YOY Growth Rate of Operating Revenue (%)
• YOY Growth Rate of Operating Profit (%)
• YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)

(2) Summary of Income Statement

• Gross Revenue (CNY, million)
• Total Operating Costs (CNY, million)
• Revenue (CNY, million)
• Operating Profit (CNY, million)
• Total Profit (CNY, million)
• Net Profit (CNY, million)
• Net Profit Attributable to Shareholders of Parent Company (CNY, million)
• Non-recurring Items (CNY, million)
• Net Profit Deducting Non-recurring Items (CNY, million)
• R&D Costs (CNY, million)
• Earnings Before Interest and Tax (EBIT) (CNY, million)
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)

(3) Summary of Balance Sheet

• Liquid Asset (CNY, million)
• Fixed Asset (CNY, million)
• Long-term Equity Investment
• Total Assets (CNY, million)
• Liquid Liability (CNY, million)
• Non-current Liability (CNY, million)
• Total Liability (CNY, million)
• Capital Reserve (CNY, million)
• Surplus Reserve (CNY, million)
• Undistributed Profit (CNY, million)
• Shareholders' Equity (CNY, million)
• Equity Attributable to Shareholders of Parent Company (CNY, million)

(4) Summary of Cash Flow Statement

• Cash Received from Sales of Goods and Services (CNY, million)
• Cash Flow from Operations (CNY, million)
• Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
• Cash Paid for Investments (CNY, million)
• Cash Flow from Investments (CNY, million)
• Cash Received from Investors (CNY, million)
• Cash Received from Borrowings (CNY, million)
• Cash Flow from Financing (CNY, million)
• Net Increase of Cash and Cash Equivalents (CNY, million)
• Cash and Cash Equivalents, End of Period (CNY, million)
• Depreciation and Amortization (CNY, million)

Contents

COMPANIES IN THE REPORT:

1 Anhui Tongfeng Electronics Company Limited (600237.SH)
2 Xiamen Faratronic Co., Ltd. (600563.SH)
3 Fujian Torch Electron Technology Co., Ltd. (603678.SH)
4 Hunan Aihua Group Co., Ltd. (603989.SH)
5 Leaguer Stock Co., Ltd. (000532.SZ)
6 Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (000636.SZ)
7 Xiamen Xindeco Co., Ltd. (000701.SZ)
8 China Zhenhua (Group) Science & Technology Co., Ltd. (000733.SZ)
9 Shenzhen Sunlord Electronics Co., Ltd. (002138.SZ)
10 Zhejiang East Crystal Electronic Co., Ltd. (002199.SZ)
11 Fujian Castech Crystals, Inc. (002222.SZ)
12 Zhejiang Nanyang Technology Co., Ltd. (002389.SZ)
13 Jianghai Capacitor Co., Ltd. (002484.SZ)
14 Zhaoqing Hua Feng Electronic Aluminum Foil Co., Ltd. (002806.SZ)
15 Shenzhen Microgate Technology Co., Ltd. (300319.SZ)
16 Suzhou TFC Optical Communication Co., Ltd. (300394.SZ)
17 ChaoZhou Three-circle (Group) Co., Ltd. (300408.SZ)
18 Baoding Lucky Innovative Materials Co., Ltd. (300446.SZ)
19 Guangdong Failong Crystal Technology Co., Ltd. (300460.SZ)