Orient (600666) intends to purchase 100% equity of Singapore Airlines Technology through a wholly-owned subsidiary Orient Limited in cash, at a transaction price of 1.53 billion yuan. At the same time, Singapore Airlines Technology Co., Ltd. promised that the net profit after deduction in 2016-2018 will be no less than 160 million yuan, 205 million yuan and 255 million yuan.
Oride said that the acquisition is beneficial to the company to extend the sapphire industry chain, integrate industry advantages and resources, and play a synergistic effect, while optimizing the company's product structure, growth and continued profitability and reducing operational risks.
The cost advantage has expanded, and the short-term oversupply of sapphire is conducive to industry consolidation in the medium and long term. Due to the decline in electricity tariffs, the decline in the price of high-purity alumina and the shortening of the crystal growth cycle, we expect the company's long-crystal cost to decrease by about 20% in 2015, far better than the industry average.
Due to lower-than-expected demand for downstream consumer electronics, sapphire prices will fall by 25% in 2015. We believe that most companies in the industry are not profitable at this price level, which will help eliminate uncompetitive companies in the sapphire crystal growth industry and achieve industry consolidation. The company's market share is expected to increase.
In the first three quarters, both revenue and net profit increased rapidly: in the first three quarters of 2015, the company achieved operating income of 880 million yuan, a year-on-year increase of 189%; net profit of 2.06 yuan, an increase of 345%.
Ored said that the company's performance is in line with expectations, the main reason for the increase in performance is due to the significant increase in the sales of sapphire crystal materials and the sales of sapphire crystal growth equipment.
The range of switch models comply with UL 61058-1 and CAN/CSA-22.2 No61058-1-05,for the United States and Canada.This series items are all high quality,and sale good.Many colors can be met.Especially,model KR2-11has high ampere,used wildly in the industrial area.
One of them,item KR2-11-201D is our hot sale item:
UL Approved Switch,New UL Approved Switch,UL Approved Micro Switch
Ningbo Kara Electronic Co.,Ltd. , https://www.kara-switch.com