Success is TDDI, failure is TDDI! Drive Chip Factory Duntai (3545) said today (11) that because the realizable net worth of products such as TDDI (Touch Panel Sensor Chip) cell phones and tablets has been less than the cost of inventory, the council of directors decided to recognize the inventory depreciation loss and slow losses totaling 24.97 100 million yuan After the listing, the after-tax loss per share in the third quarter was 13.57 yuan and the accumulated loss per share in the first three quarters was 9.53 yuan.
Duntai’s main products are mobile phones and TDDI chips for tablets, which will benefit from good market conditions in 2021. Annual earnings per share will reach 30.23 yuan, compared to 3.97 yuan per share in 2020, showing a ‘ huge multiple growth, causing the stock price to rise to a maximum of 298 yuan. However, this year, due to the impact of inflation, terminal consumption was frozen and the inventory storm evolved into a price loss crisis. After the loss of nearly 2.5 billion yuan in price, the inventory on hand is still as high as 7.064 billion yuan. Zhang Weijie also said frankly: “It may take a year for the inventory to be digested and is expected to return to normal in the second half of next year.”
In the third quarter, due to the recognition of this inventory depreciation loss, the single quarter net loss per share was 13.57 yuan, which also reduced the net worth per share from 51.72 yuan in the previous quarter. at 40.31 yuan. Duntai pointed out that these adjustments do not currently include changes to LTAs (long-term contracts), mainly because LTA continues to negotiate with suppliers, hoping to revise some terms to help reduce inventory speed in the future and improve inventory. health and financial condition.
Duntai added that the internal staff streamlining plan is currently underway and that the overall lean labor rate is expected to be between about 10% and 13%.
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Yahoo Finance correspondent Zhang Jiahao: He began his career in the Business Times Securities Group as a member of the writing committee, responsible for the securities regulator, the securities market and the technology industry. Subsequently, because of his love for the research of factories and industries, he devoted himself to business management. He looks at events from the point of view of the media and looks at the industry from the point of view of the PM, giving readers more news perspectives.
