Industry boom continues LED business growth


Core Tip: Sanan 3 quarterly report is in line with expectations, and the performance growth rate has improved significantly. The company's chip business continues to grow and profitability increases. The layout of LED applications, photovoltaic power plants, and power semiconductors opens up more space, and in the future will become an energy-saving industry giant based on semiconductor technology. Maintaining the target price of Sanan 3 quarterly report was in line with expectations, and the growth rate of performance was significantly improved. The company's chip business continues to grow and profitability increases. The layout of LED applications, photovoltaic power plants, and power semiconductors opens up more space, and in the future will become an energy-saving industry giant based on semiconductor technology. Maintain target price of 28 yuan, continue to strongly recommend!
The 3 quarterly report was in line with expectations and the performance growth rate was significantly improved. The Sanan 3 quarterly report achieved a total revenue of 2.63 billion yuan and a net profit of 760 million yuan, up 12 and 14 respectively, and EPS of 0.53 yuan. The growth rate of non-net profit was significantly increased from 33 in the interim report to 60. The slight decrease in single-quarter income in the third quarter was mainly due to the significant decrease in PV revenue. The operating profit and net profit growth rate in the single quarter was as high as 124 and 48.
Chip revenue continued to grow. We judge Sanan's single-quarter chip revenue in the third quarter of 7.5-800 million yuan, an increase of about 10. The chain's growth is mainly dependent on the increase in production capacity and market competitiveness. As part of the Q4 Xiamen new purchase machine is put into production and the industry boom is good, it is expected that the chip revenue will continue to increase by 5-10, and the total amount will be 2.6-28 billion yuan. Next year's production capacity will increase by at least 50. At the same time, the localization of chips will accelerate, and the company's revenue will still have greater flexibility.
Chip profitability continues to improve. In the third quarter, the gross profit margin of the chip increased slightly, reaching 23-25. The main reasons include: 1) the scale effect is constantly appearing; 2) the proportion of medium and large power is increased, avoiding the fierce competition in the low-margin and low-power market; 3) the industry Demand is driven by lighting, and medium power has become the mainstream choice for lighting. Sanan products are more tight. It is expected that the supply and demand of the industry will be stable next year, which is conducive to the continuous improvement of Sanan's profitability.
The progress of street lamps is in line with expectations, and the photovoltaic power station business has a large profit margin. In the third quarter, the street lamp revenue was 1-150 million yuan, and the year-to-date total was 4-450 million, which was in line with expectations. In terms of CPV, due to the continued downturn in the component industry, the company actively entered the power station business and the components were converted to internal supply. The net interest rate of the power station is 7-10, and the domestic installed capacity of 10-15GW in the next few years (cost 8-10 yuan / W) will bring more profit to the company.

Low Bed Trailer For Sale

1.Knowledge of CHVMlowbed Semi Trailer
CHVM Lowbed semi trailers are widely used, mainly for medium and long-distance freight transportation. low deck trailers are commonly used to transport heavy vehicles, rail vehicles, mining machinery, forestry machinery, agricultural machinery, and other heavy-duty cargo.

The Low Bed Trailer structure usually adopts a concave beam frame. The lower the center of gravity, the better the stability and safety, and the stronger the ability to transport ultra-high cargo. The front section of the frame is a gooseneck (the traction pin in the front section of the gooseneck is connected to the traction saddle on the tractor, and the rear end of the gooseneck is connected to the semi-trailer frame) Cargo platform (the lowest part of the frame), the rear end is the wheel frame (including wheels).

Through this videos, you can learn about different types of lowbed semi-trailers,like 2axle,3axle,4axle lowbed semi trailer,hydraulic ladder lowbed semi trailer,etc.As well as the process, testing, packaging and customer feedback, etc.
2.Different types of low bed trailers
As a professional manufacturer, CHVM VEHICLE has provided many low bed trailers for many country. We have much more advantages on the lowbed trailer`s cost and quality control. Material and suspension (single point and air suspension) are optional.CHVM Lowbed trailers have different capacities, such as 20 tons, 30 tons, 50 tons, 70 tons, 80 tons and 100 tons, 120 tons. Each type use different number of axles from 2, 3, 4 axles to 7, 8 axles.

1)CHVM Low bed trailers can have a variety of models, such as drop deck / step deck trailers, 2axle,3axle,4axle lowbed semi trailer,hydraulic ladder lowbed semi trailer, mechanical ladder and so on. This semi-trailer normally is used to transport large Construction Machinery,such as excavators, rollers and cranes.
2)Of course, lowboys are also used to transport heavy cargo. Due to the low center of gravity of the trailer, it can transport huge cargo and avoid damage to the cargo. This trailer is designed to solve the overload problem of a large tonnage. Usually ordinary semi-trailers use a structure of two axles and one line, but dolly trailers can have multi-lines, such as 4 axles and 16 tires, and are usually used to transport heavy cargo. Each axle of a dolly trailer loads 50 percent of the weight. Many countries are only allowed to have each axle of a vehicle loading 10 tons.
3.Loading test of low equipment trailer
All of CHVM lowbed semi trailer are tested to ensure that our semi-trailers are free of problems. All heavy haul trailer is tested for carrying capacity after production is finished.CHVM has dedicated technical staff to guide the operation.
4.CHVM Outlines of vehicle and composition
Before production,CHVM technical department must first design and produce drawings according to the needs of the user and the market, so that the technical parameters of the main trailer are matched, and then transferred to the manufacturing department.There are dimensions and specs drawing of different types lowbed semi traielr. You can learn more details in the pictures.

Low Bed Trailer,Heavy Duty Trailer,Heavy Duty Semi Trailer,Lowbed Semi Trailer

Liangshan Changhong Special Purpose Vehicle Manufacturing Co., Ltd. , https://www.chvehicles.com