Yu ring CNC core customer shown version 2017 results or are broken

Published on 2018-03-27

Yu ring nc machine tool co., LTD. (hereinafter referred to as & otherYu ring throughout the CNC &;)Products are mainly divided into CNC grinding machine, CNC grinding polishing machine and intelligent equipment series products, 2014-2016, the company operating income increased significantly.The extra financial found in yu ring CNC performance behind the surge, in recent years, the company is the top five customer’s volatility.Is worthy of attention, on May 26, 2017, yu ring CNC is to perform the contract for the sale of major amount account for the company 2016 annual income ratio is only 33.7%, the company in 2016, the first big client jabil subordinate companies have not yet signed with yu CNC in 2017 a new major sales contract, thus can intuitive judgment, yu ring CNC performance in 2017 & other;Crash & throughout;Probability is bigger, the customer is not stable major risks gradually emerges, sustainability of the company’s business in the final exam.In addition, although yu ring the two products of CNC & ndash;& ndash;CNC grinding machine, intelligent equipment series products, adopted depreciate sales promotion way, but the market isn’t buying it. This also leads to two major products production, sales and revenues plunged in 2016, failed to win the market and customer recognition.The industry cycle, or management mistakes?In either case, investors and regulators need to be on high alert!The first big customer did not sign the contract Results this year or by & other;Consulting & throughout;In 2014-2016, yu ring CNC operating revenue of $9951.70 respectively, ten thousand yuan, 11030 yuan, 25993.74 end at 11030.39 ten thousand yuan, main source of CNC grinding and polishing machine main business growth.The extra magazine found that although the company’s revenue growth, but hidden behind the great risk is that the company’s top five customers extremely unstable, as the prospectus signing company in 2016, the first big client jabil subordinate companies have not yet signed with yu CNC in 2017 a new sales contract is a, this customer is not stable will cause the company’s sustainable business face significant risks.Huanyu nc products are mainly divided into CNC grinding machine, CNC grinding polishing machine and intelligent equipment series of products, from 2013-2016, the company’s top five customers a drastic change.The extra financial query data found that yu ring nc 2013 years ago, five big clients of foxconn technology group subordinate companies respectively, hunan and gravels heavy industry machinery co., LTD., kason industrial group subsidiary companies, guilin wide lu digital measurement and control co., LTD., huizhou byd electronic co., LTD., in 2014, the top five customer name list, hunan and gravels heavy industry machinery co., LTD., kason industrial group subsidiary companies, huizhou byd electronic co., LTD., three big customers.Five big customer list in 2015 years ago, a year of dongguan changan Jiang Bei money DaWuJin products, foxconn technology group affiliated companies two big customers disappeared.Five big customer list, 2016 years ago did not have the previous year’s Oriental Times Media Corporation, guangdong long surplus precision technology co., LTD., as science and technology group affiliated companies can be big customers.The top five customers are like flowing water displacement change year after year, so, yu ring CNC will inevitably face challenge of business performance stability and sustainability.In 2016, the company’s first big client jabil subordinate companies sales income is 20841.31… ten thousand yuan, accounting for the company’s business income ratio is as high as 80.16%.It can be seen that in the future if the first big client jabil subordinate companies if no longer cooperate with yu ring CNC, the company operating income will be & other;Consulting & throughout;The huge risk to investors on high alert!Unfortunately for yu ring nc management & other;Consulting & throughout;Concerns are turned into fact.The company said that by the end of this prospectus signing yu ring numerical control is performed by major sales contract with foxconn to 4337.66 total amount of 4337 yuan (excluding tax), sign a contract for 2017 new;Company is to perform with blue technology major sales contract for the total amount of the 3698.15 ten thousand yuan (excluding tax), are 2017 new signing the contract, by signing this prospectus, the company is to perform the contract for the sale of major of the total amount is 8766.07 ten thousand yuan (excluding tax), the company has a sustainability.However, this is not the case.The extra magazine found that yu ring CNC with foxconn, blue science and technology of the total contract value is 80.35 million yuan, accounting for a major sales up to 92% of the total amount of the contract, this also means that the company in 2016, the first big client jabil subordinate companies in 2017 have not yet sign sales contract with yu nc new ring.Yu ring CNC is to perform the contract for the sale of major of the total amount is 8766.07 ten thousand yuan (excluding tax), or proportion of the company’s 25993.74 25993 yuan in 2016 was only 33.7%, and the company prospectus for signing on May 26, 2017, has nearly half of 2017, the company’s performance in the probability of collapse in 2017.Data show that jabil listed on the New York stock exchange in 1992, and stock short name jabil (stock code: JBL. N);The company business with jabil affiliated companies including green point technology (wuxi) co., LTD and jabil technology (chengdu) co., LTD.2015-2016, yu ring CNC for jabil affiliate companies sales amount 1736.94 ten thousand yuan respectively, 1736.31… ten thousand yuan, accounting for company income ratio of 15.74%, 80.16% respectively.The price!The market is not The extra financial products sales slump, found that although yu ring CNC CNC grinding and polishing machine product revenue increased significantly, but the top five customers is not stable, although the two major products of the company to two big CNC grinding machine, intelligent equipment series products adopted depreciate sales promotion way, but the market isn’t buying it. This also leads to the products of the company production, sales and income volatility, which is two products production, sales and operating income in 2016 was plummeting, company performance stability and continuity face significant risks.Although the products of the company in 2014 and 2014, yu ring CNC numerical control grinding machine with the average unit price is 801200 yuan and 818700 yuan respectively, 801200 yuan, intelligent equipment series of the average unit price is 1.1908 million yuan respectively, 988600 yuan, 394900 yuan.Although the product prices fell sharply, but the market isn’t buying it. Two products in 2016 the annual output and sales & other;Bluff type & throughout;Tumbling.Over the same period, the company products, CNC grinding and polishing machine income end at 1791.48 1791 yuan respectively, 1791.50 ten thousand yuan ten thousand yuan, 23175.28, high volatility in the present state.And CNC grinding machine, intelligent equipment series two big main business products are crashing in revenue in 2016, or 62%, 78% respectively.During the reporting period, CNC grinding machine income 4406.60 ten thousand yuan respectively, 5403.12 ten thousand yuan, 2059 yuan, 2059.84 intelligent equipment series income 1905.34 ten thousand yuan respectively, 1482.84 ten thousand yuan, 3.1588 million yuan.The extra magazine found that yu ring numerical control in the three main products, CNC grinding and polishing machine production present, wide fluctuations and CNC grinding machine, intelligent equipment series products production both in 2016 fell 80%, sales have plunged more than 40%, the market malaise.In 2014-2016, the company has CNC grinding polishing machine production, respectively 161 \/ set, 98 \/ set, 508 \/ set, sales of 88 \/ set respectively, 106 \/ set, 384 \/ set, which yield high volatility in the present state.In 2014-2016, yu ring CNC CNC grinding machine production output respectively 53 sets \/, \/ 88 \/ set, 17 sets, sales of 55 respectively sets \/, \/ 66 \/ set, 28 sets, can be seen from the above data, 2016 annual production and sales of all products in the present & other;A huge amount & throughout;Drop, which fell 80%, compared to the same production sales plunged by 57%.Over the same period, the company of intelligent equipment series products, respectively 21 sets \/ \/, \/ 20 sets, 4 sets, sales of 16 respectively sets \/ \/, \/ 15 sets, 8 sets, the product output fell 80%, compared to the 2016 sales plunged by 46%.Yu ring CNC CNC grinding machine, intelligent equipment series products in the decline of the annual production and sales in 2016, also means that the company’s two products while taken on sale strategy, but did not get the market and customer recognition.(the original title: yu ring CNC core customer performance & otherNotable & throughout;2017 results or be & other;Consulting & throughout;)(source: extra financial network)