The LED project of Dehao Runda is still the biggest reason for the market to expect its development prospects. Due to the recovery of small home appliance orders and the merger of LED business acquisition assets report, the company's operating income in the first quarter of this year increased by 54.19% to 442 million yuan, achieving a net profit of 9,068,300 yuan, turning losses into profits.
Dehao Runda, who tasted the "sweetness" of the LED business, has invested more in the LED business. At the end of last year, it began to promote the establishment of an LED base in the Wuhu Economic and Technological Development Zone in Anhui, with the goal of creating one of the country's largest LED product centers. To this end, Dehao Runda has proposed an additional issuance plan, and plans to raise 1.5 billion yuan to invest in the project.
[Chip] It can be seen from the quarterly report that the company is fully promoting the construction of LED projects. As of the end of the first quarter, the company's construction in progress increased by 7,075,600 yuan, an increase of 66.32%, mainly due to the initial infrastructure construction of the Wuhu project; short-term loans also increased by 37.43% to 170 million yuan, also in order to increase investment in LED business.
[Market] In the market adjustment from mid-April to the present, the stock has performed fairly well and has not fallen below the New Year. From the K-line chart, the recent trading volume of the stock is not large. The short-term moving average and the medium-term moving average also exert certain pressure on the stock price. If there is no amount of cooperation, it may still be consolidating. From the perspective of transaction returns and volume, although some of the funds that entered the market in the early stage include the institutions choosing to rebound and ship out, most of the main funds should still stick to them. After the market stabilizes, the stock is expected to resume its uptrend.
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