On September 8, the Ofei CD rose rapidly, rising more than 2% in five minutes, with the highest intraday increase of 7.71%. As of press time, the stock price was at 8.50 yuan, up 5.72%.
Over the past year, Ofeiguang's share price has fallen from a high of 23.62 yuan per share to a recent low of 7.02 yuan, a cumulative drop of 70%.
Abandoned by Apple Inc, his performance has been declining all the way.
Earlier, Oufeiguang released its own mid-year report, which showed that revenue fell 49.96% in the first half of the year compared with the same period last year, and its net profit was 33.897 million yuan, down 93.25% from the same period last year.
In March, Oufeiguang, the country's largest supplier of mobile lens modules, confirmed that it had been removed from Apple Inc's supply chain, allegedly losing 40 billion of the market. It is understood that in 2020, Oufeiguang's total revenue, Apple Inc accounted for 30%, which shows the great role.
It is reported that Apple Inc stopped providing products to Oufeiguang as early as September last year. Oufeiguang's 2020 annual report shows that the loss reached 1.85 billion yuan, which seems to confirm this from the side.
Actively seek transformation and enter into smart cars
Although the termination of cooperation with Apple Inc resulted in huge losses and was even forced to sell factories and equipment, Ofeiguang did not give up, but actively sought transformation, focusing on optics, developing multi-level products and building a vertical industrial chain.
O'Figuang said that the company has been planning a transformation since last year, and in addition to continuing to work with other manufacturers on lens modules, new markets such as smart cars, VR/AR and smart homes have also become their targets.
However, the smart car field is now highly competitive, and Oufeiguang needs more efforts to demonstrate its strength and enhance its competitive advantage if it wants to make a difference in this field.
Prior to this, Pacific Securities released a research report that Ofeiguang is one of the few companies in the industry that can mass produce multi-camera modules, 3D modules and off-screen ultrasonic fingerprint recognition modules, and there are still HMOV, Samsung Electronics, LG Electronics, Geely Automobile, Changan Automobile, and so on. In the future, Oufeiguang will no longer all hope to be in a single enterprise, which may not be a good opportunity for Nirvana rebirth and improve the health of enterprises.