A: Basic Information of the Company
Company Full Name: Chengdu Xinyisheng Communication Technology Co., Ltd.
Stock Code: 300502
Stock Abbreviation: Xinyisheng
Region: Chengdu, Sichuan Province
Industry: Computer, Communication and Other Electronic Equipment Manufacturing
Establishment Date: April 15, 2008
Issue Price: 21.47 CNY/share
Founders: Gao Guangrong, Huang Xiaolei
Company Website: http://www.xinyisheng.com
Registered Address: No. 510, WuLian Avenue, Huangjia Street, Shuangliu District, Chengdu, Sichuan Province, China (Sichuan) Pilot Free Trade Zone
Total Share Capital: 403 million shares
Market Capitalization: 16.151 billion CNY (as of October 24, 2024)
Business Scope: Research and development, production, and sales of high-performance optical modules and optical devices.
Company Profile: Established in 2008, Xinyisheng is a leading provider of optical module solutions and services. The company's products are widely used in data centers, telecommunications networks (FTTx, LTE, and transmission), security surveillance, and smart grids, among other ICT industries. With over 3000 products, Xinyisheng adheres to international standards such as TUV, CE, UL, FCC, FDA, RoHS, REACH, and EMC, serving more than 300 customers from over 60 countries and regions. Listed on Shenzhen Stock Exchange in 2016 (Stock Code: 300502), Xinyisheng has since embarked on a new chapter of development. The company currently employs approximately 1100 people and is committed to building a high-speed optical communication world through continuous innovation.
B: Value Investment Analysis
Key Financial Indicators:
Revenue: 2.403 billion CNY for the period of January-September 2024, a year-on-year increase of 130.28%.
Net Profit: 824 million CNY for the period of January-September 2024, a year-on-year increase of 2,949.37%.
Market Capitalization: 16.151 billion CNY (as of October 24, 2024).
PE (TTM): According to the data from Eastmoney, Xinyisheng's PE (TTM) is 41.2, and the price-to-book ratio is 7.86.
Company Investment Value:
Xinyisheng, as a leading enterprise in the field of optical communication, demonstrates a high investment value with its advantages in technological innovation, market demand expansion, and industrial chain integration. The company's products are widely used in data centers, telecommunications networks, and other ICT industries, and the company has served over 300 customers from more than 60 countries and regions. With its focus on high-performance optical modules and optical devices, Xinyisheng is well-positioned to benefit from the continuous growth in global demand for high-speed optical modules.
Company Growth Potential:
The growth potential of Xinyisheng is mainly reflected in the following aspects:
Technological Innovation: The company continues to increase R&D investment, driving the development of optical modules towards higher speeds, smaller packaging, lower power consumption, and lower costs.
Market Demand: With the rapid development of industries such as data centers and telecommunications networks, the demand for high-performance optical modules is increasing, providing a broad market space for the company.
Capacity Expansion: The company has initiated new high-speed optical module projects in Chengdu and Thailand, which are expected to add an annual production capacity of 2.95 million high-speed optical modules, further enhancing the company's production capacity and market competitiveness.
Industry Support Policies:
National support policies for strategic emerging industries such as new materials and high-end equipment manufacturing provide a favorable external environment for Xinyisheng. With the development of related industries, it will further promote the growth of the optical module industry, bringing more development opportunities for the company.
International Policy Risks:
Xinyisheng may face risks such as changes in trade policies and exchange rate fluctuations in the process of internationalization. The company needs to closely monitor international market dynamics and flexibly adjust market strategies to cope with potential policy risks.
A.Top's Investment Review:
Xinyisheng, as a leading enterprise in the field of optical communication, shows strong investment value and growth potential due to its technological strength, market prospects, and industrial chain integration. However, the company may also face certain policy risks in the process of internationalization. Investors should comprehensively consider the company's technical capabilities, market prospects, and potential risks when considering investing in Xinyisheng, and make rational investment decisions.