[Focus] PCB industry companies release performance forecasts for the first half of the year

Bicheng Technology
Bicheng Technology released a performance forecast on the evening of July 14. It is expected that the net profit in the first half of 2023 will be 1 million yuan to 1.5 million yuan, a year-on-year decrease of 73.73% to 82.49%. The main reason for the change in performance was the decline in demand in the consumer electronics market in the first half of the year and the fierce competition in the market. Although the sales volume of the company's main product, copper clad laminates, has increased year-on-year, the sales price of copper clad laminates has dropped significantly year-on-year. As a result, the gross profit margin of the product has decreased year-on-year, and the profit has decreased. Affected by factors such as changes in the international political and economic environment, the company is facing negative impacts such as declining industry prosperity, sluggish demand, and intensified competition, resulting in a year-on-year decrease in operating income and a decline in profitability in the first half of 2023. (Daily Economic News)

Huazheng New Materials
Huazheng New Materials issued a performance forecast on the evening of July 14. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2023 will be -12 million to -9 million yuan, which will be a loss compared with the same period last year. The main reason for the change in performance is that during the reporting period, the company's product market terminal demand continued to weaken, product prices continued to decline, and although shipments increased, the company's revenue declined slightly. At the same time, the price of raw materials fluctuated, and the price decrease was less than the decrease in product price, resulting in a decrease in the gross profit rate of the product. (Daily Economic News)

Chaohua Technology
Chaohua Technology issued a performance forecast on the evening of July 13. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2023 will be 5 million to 8.5 million yuan, a year-on-year decrease of 72.74% to 83.97%; basic earnings per share will be 0.0054 to 0.0091 yuan . The main reason for the change in performance is due to the impact of the international market and Sino-US trade, the downturn in the electronic consumer market, and the downgrade of consumption of electronic application products; the sales of the company's downstream customers are not as expected, and the upstream industrial chain has experienced varying degrees of decline in order volume and product prices . The unit price of circuit boards and copper-clad laminates has fallen sharply; the company has a long Spring Festival holiday, but fixed costs such as depreciation, financing costs, and labor wages continue to be incurred. (Daily Economic News)