Deep Textile A (000045): Polarizer Has A Comprehensive Yield Of 90%, And The Price Of Individual Customers Has Improved.

Recently, some investors questioned the deep textile on the interactive platform. "After three polarizing Polaroid products have risen, are there any price increases for the polarizing products of Shengbo optoelectronics company? What is the rate of good products?"

In this regard, Shenzhen textile said that the company produced polarizer comprehensive good rate of more than 90%. At present, the company is still in the negotiation stage with downstream customers, although the price of individual customers has improved, but the overall change is not big. It is understood that in May 21st this year, Shenzhen textile received the 2018 annual report inquiry letter issued by the Shenzhen stock exchange. Enquiries show that Shenzhen textile business income fell 13.77% in 2018 compared with the same period last year, and net profit fell 2182.65% year-on-year.

Deep textile reply inquiry letter indicates that the main reason for the above changes is the sharp reduction in trade income at home and abroad. At the same time, the sale price of large size panels in the terminal continues to decrease, and the sales price of large-size polarizer in main customers continues to decrease.

In addition, in the 2019 semi annual performance announcement issued by Shenzhen textile, Shenzhen textile expects to achieve net profit of 9 million 646 thousand and 900 yuan to 8 million 414 thousand and 100 yuan attributable to shareholders of Listed Companies in 2019 half year, down 12.78% compared with the same period last year.

Deep textile said that the net profit during the reporting period decreased slightly compared with the same period last year, because the price of major Polaroid products had been running low after the sharp decline in 2018, and the average selling price decreased compared with the same period last year, which offset the contribution of the increase in sales to net profit.

Prior to that, Shengbo photoelectric company achieved an annual net profit of -9726.87 million yuan, operating income of 1 billion 125 million yuan, and the sales revenue of polaroid and related optical film products accounted for 74.01% of the total revenue. Because the scale of product sales is not as good as expected, the difference between the sales target, net profit and the proportion of sales income of polaroid and related optical film products in total income is 875 million 459 thousand yuan, 197 million 268 thousand and 700 yuan and 5.99% respectively. The difference is three yuan.

Therefore, Sheng Bo photoelectric 2018 has not fulfilled its performance commitments. According to the agreement on cooperation, the Jinjiang group needs to make up the difference in net profit in cash.