The profit of the cattle fleeing from the main loss of Furi Electronics

August 18, 2020

Since the Spring Festival, Furi Electronics has reported frequently. The company first announced that it intends to cooperate with Shanghai Samsung Semiconductor Co., Ltd. and Chongqing Zhongyou Xinke Communication Technology Co., Ltd. to launch its own brand mobile phone, and then reduce the shareholding of the shareholding company to obtain large investment income, followed by the release of 2013. Announcement.

However, on February 24th, the super-bull of more than a year, Ho Haichao, significantly reduced the stake in Furi Electronics. In addition to the high profit demand, it is also one of the important reasons for its short-term prospects.

High profit increase main loss
On January 29, Furi Electronics released its 2013 results forecast. “The financial department estimated that the net profit for 2013 will increase by 90%~140% compared with the same period of last year, and the earnings per share will be 0.18 yuan,” but the announcement was issued. On the second day, the stock price of Furi Electronics fell by 3%. The reason behind the abnormal performance of the secondary market was the loss of the main business.

Furi Electronics' net profit in 2012 was 43.05 million yuan. According to the growth rate of the performance announcement, Furi Electronics' net profit in 2013 was between 81.79 million yuan and 103 million yuan, and Furi Electronics previously announced 2013. The net profit in the third quarter has reached 104 million yuan. Obviously, the company's fourth quarter 2013 results were loss-making, with a loss range of 1 million to 22 million yuan. However, this is only a representation.

Since 2011, the main sources of profit of Furi Electronics have relied on asset processing, and the main business has been at a loss.

In the first three quarters of 2011~2013, the main income of Furi Electronics was 2.11 billion yuan, 2.72 billion yuan, and 1.79 billion yuan respectively. The net profit for the same period was 79.46 million yuan, 43.05 million yuan, and 104 million yuan respectively. However, the company's net profit after deducting non-recurring gains and losses were -99.85 million yuan, 71.07 million yuan, and -57.41 million yuan. In 2011 and 2012, the investment income of Furi Electronics was 189 million yuan and 100 million yuan respectively, both of which exceeded the current net profit by 2 times. During this period, the cash flow generated by Furi Electronics' operating activities was also negative.

Faced with the weakness of the main business, the management of Furi Electronics hopes to enhance its profitability through acquisition. At the end of 2013, Furi Electronics obtained 300 million yuan through additional issuance, of which nearly 200 million yuan was used to acquire Shenzhen Mairui Optoelectronics Co., Ltd. (hereinafter referred to as “Mairui Optoelectronics”). Furi Electronics announced that Mairui Optoelectronics is mainly engaged in LED display. On the eve of the acquisition, Mairui Optoelectronics' revenue and net profit both showed a downward trend.

For the LED industry, Furi Electronics is no stranger. In fact, Furi Electronics has entered the LED industry through its holding subsidiary, Furi Lighting, for many years, but except for the slight profit in individual years, the rest of the year is at a loss. Therefore, this acquisition has also attracted many questions.

In addition to mergers and acquisitions, Furi Electronics also plans to launch its own branded mobile phones in cooperation with Shanghai Samsung Semiconductor Co., Ltd. and Chongqing Zhongyou Xinke Communication Technology Co., Ltd., but the industry consensus is that the best window for smartphones has passed. The prospect of Japanese electronics own brand mobile phones is not optimistic.

Niu San He Haichao profit-taking
The above efforts of Furi Electronics did not bring confidence to investors, and the evacuation of Ni Haichao He Haichao is the best annotation.

Most investors are no strangers to He Haichao. The super-distribution of the capital market has repeatedly brought his wife Liang Ruizhi to the list of the top ten tradable shareholders of several listed companies.

He Haichao and Liang Ruizhi have been increasing their holdings of Furi Electronics since 2012. At the end of the first quarter of 2012, He Haichao held 3,264,400 shares of Furi Electronics (then "ST Furi"). Since then, He Haichao and Liang Ruizhi have increased their holdings several times. By mid-2013, He Haichao's shareholding increased to 11.520 million shares, becoming the second largest tradable shareholder. At the same time, Liang Ruizhi's shareholding reached 3,366,400 shares, becoming the third largest tradable shareholder. The two held a total of 1516.66 million shares of Furi Electronics, accounting for 6.3% of the company's total share capital.

According to He Haichao's shareholding schedule, He Haichao's shareholding cost is about 5.5 yuan / share. Furi Electronics announced that He Haichao reduced its holding of 5 million shares on February 24 this year, with an average price of 9.58 yuan per share. According to this calculation, its profit is nearly 20 million yuan, and the return rate is about 75%, which is quite impressive.

Throughout the investment record of He Haichao, ST stocks are the focus of their investment. They are generally long-term investments. They are precise in stepping-out, and they quickly withdraw from the expected stocks. The stock price will generally decline for a long time after the withdrawal.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

China Food Trucks Pos Machine ,Food Trucks Pos System,Food Trucks Android Pos Machine Supplier

Gmaii Food Truck Pos System's smart, rapid Food Truck POS turns your labor of love into a thriving, profitable business.

Food truck employee interacting with customers.

Make more $$$ per hour

Bust through your lines in a flash. Gmaii Food Truck Pos System is designed to cut transaction times and maximize profit. Set yourself up for breakneck speed.

 

The POS you can depend on

Gmaii Food Truck Pos System gives you peace of mind, especially during your business' peak hours. Time is money, and there's no time to lose.

 

Food truck cook preparing food.

Run a lean business

Gmaii Food Truck Pos System`s detailed analytics track everything: from your raw ingredients, to trends, to top-sellers, and more. Fine-tune your Food Truck business with insightful data.

 

Never miss a beat

When you need to duck out, or- perish the thought- take a day off, you can keep track of your Gmaii Food Truck Pos System's sales in real time, from your desktop or smartphone.

 

Customer paying with ShopKeep

Versatile Food Truck POS: The Wood Fired Up Way

Wood Fired Up in Harbor Springs Michigan used Gmaii Food Truck Pos System to increase transaction times, grow profit margins, and maximize profits.

Food Truck Pos System

Food Trucks Pos Machine ,Food Trucks Pos System,Food Trucks Android Pos Machine,Food Trucks Cash Register

Shenzhen Gmaii Technology Limited , https://www.gmaiipos.com