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Looking forward to the performance of the cooling giants Qiqi (3017) in this (2011) year, under the influence of the weak PC market, the company's revenue growth space is limited this year, but the product mix is better (high-margin non-PC products volume shipments) It is expected that this year's gross profit margin will increase from over 15% in 2010 to over 17%, and will boost the company's profitability to increase by more than 25% to a new high of nearly 1.5 billion yuan.
Qiqi started from PC heat dissipation. In recent years, it has begun to deploy telecom equipment and LED streetlights. The company often has a competitive advantage in product prices, and has successfully qualified for the qualification of five major telecom equipment factories in the world.
It is understood that the performance of Qizhi's telecom equipment cooling products in 2010 is about 40% higher than that in 2009. It is expected to continue to grow steadily this year and grow 50% year-on-year. The product will account for the company's revenue share from 2010. 19% of the year increased to 25% in 2011.
In addition, in the LED street lamp cooling products, Qiwei is the only foundry designated by the world's largest lighting brand factory. The company's products began to be shipped in volume in the second half of 2010, and new US customers were added in August. In 2010, Qiqi Led Street Light cooling revenue accounted for about 2%, and revenue is expected to increase to 5% in 2011.
Since the gross profit margin of telecom equipment and LED streetlight cooling products are significantly higher than PC cooling products, in 2011, under the injection of two new products, the profit will be able to grow, and the legal person will initially estimate. The new product will contribute more than half of the profits.
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