Workflow
汽车应用解决方案
icon
Search documents
炬光科技收盘下跌2.38%,最新市净率3.17,总市值66.78亿元
Sou Hu Cai Jing· 2025-06-10 12:00
Core Insights - The company, Juguang Technology, closed at 73.9 yuan on June 10, with a decline of 2.38% and a latest price-to-book ratio of 3.17, resulting in a total market capitalization of 6.678 billion yuan [1] - As of the first quarter of 2025, 13 institutions held shares in Juguang Technology, including 6 funds, 5 others, and 2 brokerages, with a total holding of 15.2327 million shares valued at 1.142 billion yuan [1] - Juguang Technology specializes in the research, development, production, and sales of high-power semiconductor laser components and materials, as well as laser optical components, automotive application solutions, and healthcare solutions [1] Financial Performance - In the first quarter of 2025, the company reported revenue of 170 million yuan, representing a year-on-year increase of 23.75% [1] - The net profit for the same period was -31,954,633 yuan, showing a year-on-year decrease of 97.38% [1] - The sales gross margin stood at 33.39% [1] Industry Comparison - Juguang Technology's price-to-earnings ratio (TTM) is -35.02, while the industry average is 107.29 [2] - The company's price-to-earnings ratio (static) is -38.18, compared to the industry median of 63.74 [2] - The market capitalization of Juguang Technology is 6.678 billion yuan, while the industry average market capitalization is 27.073 billion yuan [2]
炬光科技收盘上涨3.85%,最新市净率3.03,总市值63.86亿元
Sou Hu Cai Jing· 2025-06-04 09:37
Core Viewpoint - Juguang Technology's stock closed at 70.67 yuan, up 3.85%, with a latest price-to-book ratio of 3.03 and a total market capitalization of 6.386 billion yuan [1] Company Overview - Juguang Technology specializes in the research, production, and sales of high-power semiconductor laser components and materials, as well as laser optical components [1] - The company's main products include semiconductor laser components, optical components, automotive application solutions, semiconductor process solutions, healthcare solutions, and global photonic process and manufacturing services [1] - The company has established core technology teams globally, with locations in China, Germany, North America, Europe, and Singapore, and has received multiple national innovation awards [1] Financial Performance - For Q1 2025, Juguang Technology reported revenue of 170 million yuan, a year-on-year increase of 23.75% [1] - The net profit for the same period was -31.95 million yuan, reflecting a year-on-year decrease of 97.38% [1] - The gross profit margin for the company stood at 33.39% [1] Institutional Holdings - As of Q1 2025, 13 institutions held shares in Juguang Technology, including 6 funds, 5 other institutions, and 2 brokerages, with a total holding of 15.23 million shares valued at 1.142 billion yuan [1]
炬光科技:并购短期影响利润,看好转型阵痛期后的盈利能力回升-20250521
Shanxi Securities· 2025-05-21 08:23
Investment Rating - The report maintains an "Accumulate-A" rating for the company [1] Core Views - The company is currently experiencing a transitional phase due to recent acquisitions, which has temporarily impacted profitability. However, there is optimism regarding the recovery of profitability post-transition [1][6] - The company has shown a revenue growth of 10.49% year-on-year for 2024, reaching 620 million yuan, despite a net loss of 175 million yuan [1][7] - The company is focusing on expanding its midstream business, which has seen significant growth, particularly in the automotive and semiconductor sectors [1][6] Financial Performance Summary - In 2024, the company's revenue from upstream and midstream businesses was 441 million yuan and 176 million yuan, respectively, with year-on-year growth of 1.26% and 46.12% [1] - The company completed acquisitions of Swiss Juguang and Heptagon, which contributed positively to sales [1] - The gross margin for 2024 was 28.11%, down 19.85 percentage points year-on-year, primarily due to pricing pressures in the semiconductor laser components and materials business [4][6] Future Outlook - The company is expected to see a significant recovery in net profit from 2025 to 2027, with projections of 19 million yuan, 60 million yuan, and 121 million yuan, respectively, indicating year-on-year growth rates of 111.0%, 208.7%, and 102.9% [7][8] - The company aims to enhance its market position in high-growth areas such as silicon photonics, consumer electronics, and semiconductor equipment, which are anticipated to drive valuation recovery [7][8]
炬光科技(688167):并购短期影响利润,看好转型阵痛期后的盈利能力回升
Shanxi Securities· 2025-05-21 07:42
Investment Rating - The report maintains an "Accumulate-A" rating for the company [1] Core Views - The company is currently experiencing a transformation phase, which has temporarily impacted profitability due to acquisitions. However, there is optimism regarding a recovery in profitability post-transformation [1][8] - The company achieved a revenue of 620 million yuan in 2024, representing a year-on-year increase of 10.49%, but reported a net loss of 175 million yuan [1][4] - The company has completed significant acquisitions, including Swiss Juguang and Heptagon, which are expected to contribute positively to future revenues [3][4] Financial Performance Summary - In 2024, the company's revenue from upstream and midstream businesses was 441 million yuan and 176 million yuan, respectively, with year-on-year growth of 1.26% and 46.12% [3] - The company's gross margin and net margin for 2024 were 28.11% and -28.21%, respectively, with a significant decline in gross margin attributed to price pressures in the semiconductor laser components and materials business [4] - The company forecasts net profits of 19 million yuan, 60 million yuan, and 121 million yuan for 2025, 2026, and 2027, respectively, indicating substantial growth rates [9][10] Business Segment Performance - The "Photon Generation" semiconductor laser components and materials business reported a revenue of 150 million yuan, down 34.42% year-on-year, while the "Photon Control" laser optical components business saw a revenue increase of 38.71% to 287 million yuan [3][4] - The automotive application solutions segment achieved a revenue of 77.44 million yuan, up 66.63%, primarily due to the acquisition of Swiss Juguang [3] - The healthcare solutions segment reported a revenue of 16.68 million yuan, reflecting a year-on-year increase of 44.65% [3] Future Outlook - The company is expected to enhance its market position in high-growth areas such as silicon photonics, consumer electronics, and semiconductor equipment, with a focus on improving gross and net margins [9][10] - The company has established partnerships with leading firms in the industry, which may lead to new growth opportunities in various sectors [8][9]