It is worth mentioning that at the end of February, AXA research technology disclosed that its subsidiary had small batch supply to SMIC, but did not disclose the specific amount. Under the inquiry of Shenzhen Stock Exchange, the former disclosed that the order received so far in 2019 has not exceeded 10000 yuan.
After yesterdays (May 19) trading close again, AXA research technology released its fourth announcement on abnormal stock trading volatility in 10 days: it was concerned about the concept of SMIC international involved in public media public opinion in the near future. Through self inspection, since 2019, the order of its subsidiary Sanmo from the subsidiary of SMIC international has not exceeded 10000 yuan, which is sporadic. Please pay attention to the investment risk.
It is worth mentioning that in the previous three announcements, AXA research technology did not disclose the specific amount of international orders involving SMIC.
Same below for announcement screenshot
On May 15, in response to the inquiry, axis research technology disclosed for the first time: in the field of semiconductor, the products provided by its subsidiary three grinding mainly include semiconductor packaging cutting wheel, slicing knife, silicon wafer thinning wheel, ceramic sucker, UV film, etc. For Huatian technology, Changdian technology, Tongfu microelectronics, Sunmoon, and the subsidiaries of SMIC international, the main suppliers are semiconductor packaging cutting wheel and blade products.
According to the data disclosed by axle research technology, in the semiconductor field, the relevant business income and the proportion in total revenue of Sanmo are between 2% and 5%, and the gross profit margin is between 59% and 65%. As of May 13, the outstanding orders in the semiconductor field of Sanmo were 4.67 million yuan.
Even so, after the inquiry letter of Shenzhen Stock Exchange was sent out, axis research technology still reaped two trading limits again.
Relevant business income of Sanmo Institute and its proportion in total business income
According to the 2019 annual report, the main business of axis research technology can be divided into bearing business, Abrasives business, trade and engineering services. Among them, the main operation body of the abrasive Abrasives sector is Sanmo Institute, which now has production lines of ceramic bond, resin bond, metal bond, etc., and its products are used in automobile, semiconductor, tooling, photoelectric and other industries.
It is worth noting that when it prompts the risk of stock price fluctuation, axan technology also admits that it has a risk of weak profitability.
From the perspective of revenue, in 2017-2019, the revenue of axis research technology was 1.494 billion yuan, 2.066 billion yuan and 2.085 billion yuan respectively, with a year-on-year growth of 7.85%, 38.28% and 0.93% respectively. In the first quarter of this year, its revenue was 353 million yuan, down 12.99% year-on-year, with a significant slowdown in growth.
In terms of profitability, in 2019, the non net profit of axis research technology was - 33.0362 million yuan, a year-on-year decrease of 404.06%. In the first quarter of this year, the net profit was - 34.0123 million yuan, a year-on-year decrease of 221.72%; the non net profit was - 33.31 million yuan, a year-on-year decrease of 736.90%, and the profit decline was also significant.
In the first quarters performance forecast, axis research explained that its main business income and profit declined due to the epidemic.
In addition, the loss of Sumidas shares held by its wholly-owned subsidiary led to a decrease in profits. Specifically, in the first quarter of 2020, the value of Sumidas shares held by Sumida was - 9.523 million yuan, compared with 23.4233 million yuan in the same period last year, a year-on-year decrease of 32.9255 million yuan.
In terms of government subsidies, in 2019, AXA research technology received government subsidies of 76.517 million yuan, close to three times of its net profit of that year; in the first quarter of this year, it received government subsidies of 10.04 million yuan.
According to qixinbao data, the largest shareholder of axis research technology is China Machinery Industry Group Co., Ltd., with a shareholding ratio of 50.05%. In the introduction on the official website, axis research technology said that it is the platform for Seiko business development, Seiko talent aggregation and Seiko brand bearing of Sinomach group.
Screenshot of qixinbao
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