Following the previous issue of "Aide Bio 300685 (Northbound 50-26)", this Aide Bio did not know what content touched the review, from 1000 words to 500 words deleted Just posted it.
I decided to follow the new "Beishang Top 50 Foreign Shareholdings (2021.09.10)" to finish the Beishang 50 series, so today is the turn of Inovance Technology .
Huichuan Technology was founded in 2003, there are 19 founders who are said to be back when we went to .
main products: low-voltage inverter, servo drive, etc., which are not understood by me.
So, where are these devices used? The annual report of Inovance writes: industrial automation, industrial robots, elevators, new energy vehicles, rail transit.
The company's performance will make a qualitative leap in 2020, doubling again, and is expected to double in 2022.
's stock price rose 200% in 2020, and it is estimated that the K of next month will rise very much in the second half of the year. After the market noticed it, the market began to make up for the increase.
However, it is basically full, and the performance of next year has also come in. If calculated according to the predicted value of the following year, the current PE is 31.4 times.
As of last Friday, foreign-owned shares held 348 million shares, corresponding to 243.8.8 million shares of the total market capitalization at the end of last week.
Judging from the above foreign holdings, they have basically increased their holdings all the way, with continuous net purchases since September.
Inovance's downstream industries are mainly new energy vehicles, 3C manufacturing, metal products, electric wires, machine tools, injection molding machines Cable, printing and packaging, building materials, metallurgy, petroleum, chemical industry, etc.These industries are closely related to factors such as macroeconomics, fixed asset investment, and exports.
Inovance’s products include copper, rare earths, silicon steel , aluminum and other bulk materials that continue to rise in price, which is also a pressure on Inovance’s profit.
In addition, Inovance itself admits that because the company's elevator industry products account for a relatively high sales revenue, when the real estate market declines, the company's sales revenue and profits in the elevator industry will be greatly affected. .
According to the principle of a big investor in the investment industry, Huichuan is not an ideal investment target company.
Since the current price/performance ratio is not very high, let's look at it first.
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