Yu Diamond: Being bigger and stronger is just around the corner
March 06 06:06:46, 2023
The company is using super-raised funds, and the new 1.02 billion carat diamond project will be put into production in the middle of this year, which will further consolidate the company's industry leading position. The company extends to the downstream of diamond wire saws, diamond micro-powders, diamond grinding wheels, etc. Among them, the micro-powder business is expected to achieve normal production in the second quarter, and this year can achieve rapid growth in scale. The diamond wire saw adopts the marketing strategy of “rural encircling the city†and is expected to make a major breakthrough and play an important role in the recovery of the photovoltaic industry. The diamond grinding wheel business is also diversified in related businesses. The company has strong technical reserves and abundant customer resources, and it is just around the corner. The diamond industry boom is expected to bottom out, the wire saw is also bottom recovery, the micro-powder business will usher in high-speed growth, and it is expected to contribute to the performance during the year. The market development and research and development of diamond grinding wheels, picking business and gem-quality diamond will provide the company with new profit growth points. At the same time, the diamond production and marketing market is shifting to the domestic market, and diamond prices are expected to bottom out, and the industry has entered a period of better industrial integration. The company's earnings per share from 2012 to 2014 are expected to be 0.73 yuan, 0.93 yuan, 1.11 yuan, giving a "strongly recommended -A" rating. Risk warning: The wire saw project failed to reach production on time; the PV industry downturn exceeded expectations.