1. Copper Peak Electronics
Yesterday, I added Tongfeng Electronics to the optional, and some golfers came to ask why.
My holdings are mainly Tiantong shares, and a small amount of others. When holding a position, I will also think about the alternative stocks in the event that the stock in the hand rises sharply. Of course, the increase is small, and there are poor expectations.
Just yesterday, Tianfeng Securities pushed Tongfeng Electronics, and the logic of half a year ago has not changed. But new capacitors, films, and mass production time are getting closer. I think Copper Peak Electronics is a junk stock in history, similar to the Golden Galaxy in Lithium.
What is a junk stock, it has caught up with the great development of the industry, and the performance of peer companies has increased several times, but they have not.
However, there is also gold in junk stocks. If they do invest for a long time, it will be the outbreak period. Therefore, it is necessary to track its quarterly performance and buy it when it is reflected.
2. Mingpu Optoelectronics
Today, it is seen that the brokerage is pushing $Mingpu Optoelectronics (SZ002902)$ , that is, its magnetic components may enter Huawei’s industrial chain. As the largest manufacturer of inverters, Huawei is indeed imaginative if it is bundled with Mingpu Optoelectronics.
Mingpu Optoelectronics, in my opinion, is also a junk stock in history, and there have been changes in the past few days. It is also to track first, do not buy, and wait for a certain quarterly performance, or more clear information.
Magnetic components and magnetic materials are mentioned in the energy storage branch , so I pay more attention to this sub-industry.
Magnetic material
Platinum Branch New Materials, Hengdian East Magnetics, Dongmu Co., Ltd., Tiantong Co., Ltd.
Magnetic components
Jingquanhua, Click, Igor
I always track the market and the disk to summarize the logic, and then deduce and dig. I can see that the magnetic components Jingquanhua and Klick have risen by more than 150%, but they have no performance, but they have caught up with the trend. The fact that companies with such poor performance can rise so much shows how optimistic this industry is by institutions.
3. Tiantong Co., Ltd.
According to the research report of Tiantong, both $Ideal Auto-W(02015)$ and $Tesla (TSLA)$ are its main customers of magnetic materials. Tiantong and Tesla are cooperating to develop exclusive products, mainly charging modules, which are estimated to be high-voltage platforms. Among the auto parts segment that I am optimistic about recently, there is the direction of high-voltage electrical.
【Q】How about the magnetic material?
Magnetic materials are relatively stable, but the orders are not as strong as last year’s demand, because consumer electronics have been greatly affected this year, but the demand for automotive electronics, including new energy photovoltaics, is very strong, so the company has been adjusting its structure and focusing its product structure on automobiles. The fields of electronics and new energy photovoltaic power generation are relatively stable this year.
[Q] What is the downstream structure of magnetic materials, and what is the proportion of revenue from photovoltaics, new energy vehicles, and industry?
New energy vehicles account for about 25-30% this year, photovoltaics currently account for less than 10%, and the rest is industry. In the second half of the year, the proportion of new energy vehicles may gradually increase. For example, some new products developed by the company and Tesla may be put into mass production in the second half of the year, including new energy photovoltaic power generation. The company recently It is also making some capacity adjustments, because new energy photovoltaic power generation has some new soft magnetic products, such as metal soft magnetic, the company is also making arrangements for production expansion. In the field of photovoltaic power generation, the proportion of these products will increase.
[Q] The company’s revenue of nearly 900 million last year, almost 200,000 to 300 million may be new energy vehicles. Can the customers here tell us?
Some leading companies are the company’s customers, including Tesla, Ideal , and foreign companies.
[Q] Do the materials made by the company need to be designated by the OEM, or can they be supplied to the downstream Tier 1?
Generally, manufacturers provide them through downstream device manufacturers. Head customers like Tesla have some innovative ideas about materials, so the company directly cooperates with him in the development of some new products. (micro ljx688688rhr)
[Q] What modules are mainly used in the new product development between the company and Tesla?
For example, there are charging modules, step-up and step-down modules, and DCAC modules. 80% of the new products developed by the company are on the vehicle.
[Q] Yuneng Technology has been listed. This is also an enterprise invested by the company’s major shareholder. At the same time, the company’s subsidiary is also doing manufacturing. Yuneng Technology is also growing rapidly. Will there be some traction in this area?
This year, the company’s transaction volume with him will increase significantly.
[Q] Will it help Yuneng Technology’s profitability?
Yes, because the gross profit of Yuneng itself is relatively high, the profit given to the company for processing is also relatively good.
Originally, the company mainly used ferrite soft magnetics, and the output of metal soft magnetics was low, and the technology was no problem. The company’s soft magnetic industry has grown rapidly in the new energy vehicle and photovoltaic side.
Now with the development of new energy, metal soft magnetic is mainly used in photovoltaic inverters, the company has related products, and mass production and sales. From the second half of 2022, the production, sales and promotion of metal soft magnetism will be increased.
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