Zhen Mingli lost 150 million Hong Kong dollars in the first half of the fiscal year

Recently, Zhen Mingli (01868.HK) announced its first half of fiscal year ending September, with a turnover of 540 million yuan (HK$, the same below), an increase of 1.7% over the previous year. It recorded a loss of 149 million yuan and a loss of 15.9 cents per share, compared with a net profit of 4.23 million yuan in the same period last year. No interim dividends are sent.

The announcement showed that the provision for inventory was 142 million yuan, the gross profit for the period was about 44.7 million yuan, and the gross profit margin was 8.3%.

Zhen Mingli said that the reason for the 1.7% increase in turnover compared with the previous year was that the US economy gradually recovered due to the continuous growth of the real estate and private consumption markets, while the European economic recession deepened; the domestic demand of emerging market economies such as China also Significant growth slowed down. During the period under review, customers' orders were more conservative, resulting in less sales growth. Second, the result of fierce competition in the market led to price declines.

Gross profit and gross profit margin decreased from HK$128 million in the previous year to a gross loss of HK$9.78 million, with a gross loss rate of 18.1%, mainly due to weak global demand and conservative orders from customers, resulting in less sales growth. The LED lighting industry is highly competitive. As a result, the retail price of global LED products continued to show a downward trend; labor costs increased and provision for inventory impairment was 143 million Hong Kong dollars.

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Single Notching

The single groove blanking process of motor blanking is a kind of blanking process relative to double blanking. Motor fixed, Rotor Core punching using single groove punching process, its mold design, manufacturing are relatively simple, suitable for small batch, variety of production, has the characteristics of low cost, fast change. With the development of advanced punching machine, production efficiency continues to improve, the single punching process is also developing rapidly. For the large motor, because of the cost of the duplex die and the equipment capacity, the single groove is also used. Another advantage of single groove punching is the consistency of groove size. Compound die is the same punch, stator or rotor groove completed at one time. How many slots correspond to the same number of punches, punch size to achieve complete has always been some difficulties: single slot punching is by the same punch to complete all the slots, groove consistency is better.
Stator and rotor laminations are an important part of motors and generators. For large-size and small-batch punching sheets, we usually use the notching method to produce them. The advantages of notching are that the cost of the notching die is low and the production cycle of the notching die is short. It is suitable for producing large size laminations, usually the outer diameter is from 500mm-1250mm. The slot size is more accurate than Laser Cutting.

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