A: Basic Information of the Company
Corporate Name: Suzhou QingYue Optoelectronics Technology Co., Ltd.
Stock Code: 688496.SH
Stock Abbreviation: QingYue Technology
Region: Kunshan City, Jiangsu Province
Industry: Computer, Communication and Other Electronic Equipment Manufacturing
Establishment Date: December 30, 2010
Founder: Gao Yudi
Company Website: http://www.qingyue-tech.com
Registered Address: No. 188 Chenfeng Road, High-tech Zone, Kunshan City, Jiangsu Province
Total Shares: 450,000,000 shares
Market Capitalization: 4.451 billion yuan (as of October 25, 2024)
Business Scope: R&D, production of organic light-emitting display panels and other new types of flat panel display devices, sales of self-produced products; wholesale, commission agency (except auction) and import and export of the same products as this enterprise's production, electronic product components and materials, and provision of the above products assembly, pre-sales and after-sales service and other related services.
Company Profile: QingYue Technology is a manufacturer of small and medium-sized display panels integrating R&D, production, and sales. It focuses on providing customers with personalized small and medium-sized display system overall solutions. After years of technological accumulation and product iteration and upgrading, the company has formed a diversified pattern with PMOLED business as the main part, and electronic paper modules and silicon-based OLED business as the auxiliary. Products are widely used in smart home, smart retail and AR/VR and other fields, with a global customer base of 20,000.
B: Value Investment Analysis
Key Financial Indicators:
According to the latest financial data, QingYue Technology's price-to-earnings ratio (TTM) is -31.33, and the price-to-book ratio is 4.17. The total market value is 4.451 billion yuan, with a total of 450 million shares outstanding (as of October 25, 2024) .
Company Investment Value:
QingYue Technology, as a high-tech enterprise focusing on the field of organic optoelectronics, has strong R&D capabilities and technological innovation. Its products are widely used in smart homes, smart wearables, industrial control instruments, medical devices, financial communications, and other fields, providing the company with a broad market space and continuous growth momentum.
The company has obvious advantages in technology innovation and product iteration, with a number of core technologies and independent intellectual property rights, which helps the company maintain a leading position in fierce market competition.
Company Growth Potential:
With the rapid development of new technologies such as the Internet of Things, 5G, and artificial intelligence, the demand for new display technologies is growing. QingYue Technology, with its technological accumulation in PMOLED, electronic paper, and silicon-based OLED, is expected to achieve rapid growth in the next few years.
The company has established a wide customer network worldwide, which helps the company further expand into the international market and enhance brand influence.
Industry Support Policies:
National support policies for high-tech enterprises, including tax incentives and R&D subsidies, provide a favorable development environment for QingYue Technology and other companies.
As the country places more emphasis on technological innovation, the introduction of related policies will further promote the development of new display technologies, providing more market opportunities for QingYue Technology and other companies.
International Policy Risks:
The uncertainty of the international trade environment may affect the company's export business, but the company has reduced the risk of a single market through a diversified market strategy.
The company needs to pay close attention to changes in the international market, flexibly adjust market strategies, and respond to potential policy risks.
A.Top's Investment Review:
QingYue Technology, as a company with strong competitiveness in the field of new display technologies, mainly reflects its investment value in its technological innovation capabilities, broad market applications, and national policy support. Although the current price-to-earnings ratio is negative, indicating that the company may have non-recurring gains or losses in the near term, the company's growth potential and market prospects are still worth looking forward to in the long term. Investors should make rational investment decisions by comprehensively considering the company's financial situation, industry development trends, and international policy environment.