Because the price of 锗 products has risen, (002428) In the past two trading days, the daily limit has risen by more than 50%in the past two months.
Yunnan Yiye issued an announcement on the evening of November 3 that in addition to the companys performance, the companys performance was also affected by product sales.The impact of multiple variable factors such as costs, please pay attention to investment risks.
In addition, Yunnan Yiye also revealed that the company is planning two capital operations, all involving a subsidiary of the production of Xingyao, which is responsible for the production of semiconductor materials in the compound.
A response to the influence of the price
from early June to the end of October, the short -term market supply and demandThe influence of changes, the prices of the main product materials of Yunnan Yiye rose rapidly.According to the disclosure of the Asia Metal Network, the average price (the highest price and the lowest price average value) of the district melting ingot has risen from 9,900 yuan/kg in early June to 18,700 yuan/kg, which has risen significantly in the short term.
Affected by this, Yunnans performance in the industry also jumped sharply.The third quarterly report disclosed by listed companies on the evening of October 27 showed that the company achieved operating income of 503 million yuan in the first three quarters of 2024 in Yunnan, a year -on -year increase of nearly 7%; the net profit of home mother was 29.4745 million yuan.Turn a profit year -on -year.Among them, in the third quarter of the prices of the products of the products, Yunnans net profit realized a net profit of 38.7189 million yuan, an increase of 1518%year -on -year.
In this regard, Yunnan Yiye announced today that the rise in product prices has indeed positively affected the companys performance.However, Yunnans industry further emphasized that "in addition to the companys performance, in addition to the affected by price, it is also affected by the multiple variable factors such as product sales and costs. Investors are requested to pay attention to investment risks."
It is understood that the above -industry judgments in Yunnan are mainly from several aspects:
First , the average price of the product is not the same as the actual period of the period.The average transaction price, and the order price signed by the company before rising prices was determined by the market price at that time.The actual average transaction price of Yunnan Yiye is difficult to reach the above public offer.
Second , the current price of raw materials rose in the current rising metal price, which led to the riseEssence
Third , the price of 锗 metal rises sharply in the short term, which has a certain impact on the procurement enthusiasm of downstream customers.It is reported that in the first three quarters of 2024, the sales volume of Yunnan 锗 锗 锗 锗 (锗 metal) sales decreased compared with the same period of the previous year.
锗 In the early days, it was mainly used in the production of diode and PET catalysts. With the development of new applications, the main consumer areas gradually transferred to fiber, infrared and solar energy fields.Taking Yunnan 锗 以 as an example, the companys products include photovoltaic -grade products mainly based on solar pyramid chips, as well as infrared -grade products based on infrared single crystals and rough.
The recent research report released by Zhang Ke, an analyst of Bohai Securities, is mainly concentrated in China and Russia. China is the largest producer in the world.Strategic critical minerals.The research report proposes that as a whole, the supply of ， is relatively rigid and the price of tadpoles has greater elasticity; and the price center of the savage price is expected to increase under demand growth. It is expected that the global metal pupae supply gap will expand to 22.6 tons in 2026. The price is expected to operate strongly.
Planning two major matters
It is worth noting that, in addition to the risks around the product business side,It is reminded that Yunnan Yiye also revealed that is planning two items capital operation.
First of all, Yunnan Yiye intends to integrate the holding subsidiary Zhongke Xinyuan and Xinyao Company to improve the companys internal industrial synergy effect and further reduce production costs.According to the company, after the integration, Zhongke Xinyuan will become a wholly -owned subsidiary of Xinyao Company.The companys control of Xinyao Company and Zhongke Xinyuan remains unchanged, and the scope of the merger statement will not change, and integration does not constitute a major asset reorganization.
Second, Xinyao Company is planning to introduce new investors by capital increase and expansion. The investment intention is an investment fund in domestic industry.According to Yunnan Yiye, the content of the transaction plan of capital increase and shareholding has not yet been determined, and the business negotiations are still ongoing. Except for the confidentiality agreement, the company and the investment intention have not signed any cooperation agreement.This matter will not affect the companys control over Xinyaos company, and the scope of the companys merger statement will not change.
Xinyao Companys full name is Yunnan Xinyao Semiconductor Materials Co., Ltd., which is mainly responsible for the production of compound materials in Yunnan Yiye.
Yunnans industry said in the reception survey before that the subsidiary compound semiconductor material products were gallium arsenide chips and phosphorized chips.Among them, phosphate chips are mainly used to produce laser and detector chips in the light module. The downstream is mainly used in 5G communication/data centers, wearable devices, etc.;The downstream can be applied to mobile phones and computers, communication base stations, drones, and new generations (MINI LED, Micro LED).
