1. Why is Jixin Technology so much worse than the market value of Riyue?
Jixin Technology Co., Ltd. is a company specializing in research and development; D, a leading enterprise in manufacturing and sales of large-scale fan parts, mainly produces 750 kW-12 MW fan impeller, base, shaft, bearing seat and other products. The company has established a relatively complete production line with supporting production capacity of large-scale wind power castings from process design, mold design and manufacturing, blank casting, mechanical processing and surface treatment. In 2020, the sales volume of castings reached 6.5438+0.549 million tons, a year-on-year increase of 24.90%, making it the second largest leader in the wind power casting industry.
Riyue has long been committed to the research, development, production and sales of large-scale heavy equipment castings. Its products include wind power castings, plastic machinery castings, diesel engine castings, machining center castings and other patient castings, which are mainly used for heavy industry equipment assembly in the fields of energy, general machinery and ocean engineering. In 2020, the sales volume of castings reached 459,500 tons, up 40.2 1% year-on-year, making it a leader in wind power casting industry.
Second, the gap between Sun Moon and Jixin Technology
Although Riyue and Jixin Technology are the leading enterprises in the wind power foundry industry respectively, the gap between them is not small. Combined with the growth rate of operating income and net profit of Jixin Technology in the first three years, from the interim data of 202 1 and even the annual data, this paper analyzes whether its growth can support the price-earnings ratio slightly higher than that of the industry, and how much room needs to be released for the current stock price increase.
As can be seen from the above, there is a reason why the market value of Jixin Technology and Riyue shares is so different, and it also has a lot to do with the shareholding of Jixin Technology.