The leading passive component manufacturer Guoju actively reduced the capital of and lost weight, driving the follow-up of peers. Huaxinke and Xinchang both announced that they would handle cash capital reduction cases. Huaxinke reduced capital by about 6.2%, and cash capital reduction and interest allocation, and each share can get back 1.82 yuan. Xinchang Electric will reduce capital and interest, and each share will be able to receive 1 yuan.
Huaxinke has been reducing capital for three consecutive years. In order to increase the return on equity of shareholders and increase the company's profitability per share, Huaxinke's board of directors has decided to handle cash capital reduction. Huaxinke plans to reduce capital by approximately 322 million yuan in cash, eliminate 32.2 million shares. Based on the total number of common shares issued on February 28, the estimated capital reduction is about 6.2%, and the shareholders will be returned to 0.62 yuan per share, and the capital after the reduction is about 4.858 billion yuan. If the additional dividend per share is 1.2 yuan, shareholders can get back 1.82 yuan per share if they participate in cash reduction and interest.
Xinchang Telecom has sufficient cash on the account, in order to increase the return on shareholders' equity, the company's board of directors decided to handle cash reduction. The amount of funds reduction was 131 million yuan, and 13.11 million shares were eliminated. Based on the 185 million shares issued on March 30, the capital reduction ratio was about 7%, and a refund of 0.7 yuan per share. With the 0.3 yuan cash dividend to be allocated per share, shareholders will be able to receive 1 yuan per share.
Xinchang Electric's consolidated revenue last year was approximately 26.81 members, with a combined gross profit margin of approximately 22.4%, operating profit of approximately 303 million yuan, net profit before tax was approximately 310 million yuan, net profit after tax was approximately 250 million yuan, and earnings per share reached 1.36 yuan, setting a record high in history.
Huaxinke has actively adjusted its physical fitness in recent years, towards a niche product layout, and its operating results have gradually emerged. Huaxinke's consolidated revenue last year was 18.49 billion yuan, combined gross profit margin was 23.63%, operating net profit was 2.299 billion yuan, pre-tax surplus was 2.64 billion yuan, and after-tax surplus was 2.152 billion yuan, setting a record high, with an earnings of 3.95 yuan per share. Currently, MLCC is still the main product of Huaxinke, accounting for about 55% of revenue, Chip-R accounts for about 35% and RF accounts for about 10%.
As Japanese manufacturers gradually withdraw from general MLCC, and Apple's new generation of iPhones are in stock in advance, the supply of MLCC continues to be tight. Huaxinke said that with the tight supply and demand of MLCC, revenue in the second quarter is expected to be better than that in the first quarter. Excluding exchange rate factors, this year's performance is expected to be optimistic.
