Live or die? Secret Apple supplier behind the story

According to the Southern Metropolis Daily reported, March 18th, blue Synopsys landing gem, there is no suspense for trading, let the head of Zhou Qunfei the company is expected to surpass the garden of Yang Huiyan at the end of March in the "China richest woman"; on the same day, the stock price soared Jinlong Electrical history to a new high of 40.25 yuan, is 3 times over the same period two years ago, the same as the actual controller Jin Shaoping worth double.

Coincidentally, the two companies have a shiny Halo - Apple suppliers. And such a halo, but also shrouded in the former Taiwan's richest man by virtue of Foxconn Terry Gou body. In fact, with the rise of apple, around the apple industry chain is also constantly creating a miracle of creating wealth. In 2012, when the iPhone5 market, the mainland 16 A shares Apple supplier revenue grew by an average of 25% year on year, while the apple watch after the new year, but also to bring a new apple myth.

For many manufacturers, "Apple supplier" is almost a soaring opportunity, but it can not be denied, there may be risks instantly fall. IPhone5 touch screen touch screen manufacturers old revolution, Wintek had bankruptcy; iPhone6 did not bring the legendary "Sapphire revolution", new GTAT such as meteor disillusionment. Technical innovation is sometimes like a balance board, there is always someone standing on it, but there will always be someone fell to the ground.

The woman behind the apple

How strong is blue thinking? Prospectus shows that in 2014 the blue Synopsys operating income was 14 billion 497 million yuan, is the year of the gem "revenue king" Shanghai Steel Union of two times; a net profit of 1 billion 180 million, is 2 times the "profit king" rich technology; in addition, total assets, net assets, blue Synopsys chairman salary the gem also broke the record.

How blue is fire? In March 18th after the opening, blue Synopsys top grid rose 43.54%, at 33 yuan, according to the provisions of the exchange traded into the temporary suspension, then the disk does not appear until the morning after the resumption of 10:00 pay, only transactions, on the same day or 44.02% of the price of 33.12 yuan, the next day again to 36.42 yuan a word limit. Even if the two limit, blue technology 20.84 times earnings is still the lowest gem. If the blue Synopsys can ushered in 8 consecutive daily limit, price earnings ratio is only 30 times, far less than the gem average price earnings ratio of 80 times, and then the blue Synopsys chairman Zhou Qunfei is expected to net worth of 42 billion yuan beyond the garden of Yang Huiyan as the richest woman.

There is no doubt that the blue eye of science and technology is the result of its bright apple supplier aura. Prospectus shows that blue thinking technology mainly for mobile phones, tablet, notebook production window protection glass, Apple's revenue accounted for 47.44% from 2014. Thanks to the mobile phone customers worldwide sales of the first and last year flat, blue Synopsys shipments in two markets worldwide protection glass accounted for 23.37%, ranking the first; and because Apple models relatively high-end single, but also reduces the difficulty of management, its 2014 gross margin of 31%, higher than the industry average gross margin of 15% of listed companies.

Apple supplier aura brings sales, profits and the ensuing glory, but also brought pressure and risk. Blue Synopsys prospectus said: "if the future of apple, Samsung significantly reduce or stop orders to the company or to reduce the purchase price of the glass door window, the business performance of the company will be subject to serious adverse effects, do not rule out the listing of the year fluctuations in performance, decline over the previous year, operating profit fell by more than 50% possible. "

Overbearing president love or not love is very capricious

In fact, this risk has been more than once appeared on other apple suppliers.

Apple has always been to innovation as the benchmark, each generation of iPhone will bring new product technology revolution. Scratch "using the Home key objective lens protection cover and sapphire sapphire substrate material for" 2012 listing of iPhone5, the so-called diamond and as hard materials for the first time to enter the consumer electronics; in 2013, apple and sapphire suppliers GTAT signed a $578 million agreement will further promote the sapphire heat".

Industry rumors, iPhone6 will be possible to give up the first five generations of Corelle iPhone gorilla glass, and switch to sapphire screen - what is this concept? Apple does not bring the follow up effect, the material needs of the light screen is 7 times the output of apple sapphire!

However, when the GTAT is not even able to achieve the production of sapphire, Apple will be in the form of a loan agreement to inject funds into the GTAT, but also joined the exclusion of the terms and delivery cycles and other harsh requirements. GTAT in accordance with the requirements of apple to expand the team, the production of the furnace, but helpless in the year before the listing of iPhone is still unable to solve the problem of sapphire yield this critical issue, mass production.

In September 2014, with the legendary iPhone6/6s sapphire screen does not appear, but 2 months later, the exhausted GTAT declared bankruptcy, which accused Apple repeatedly to change the specifications in the bankruptcy declaration of sapphire, we spent $900 million to let the factory run up a $439 million loan provided by apple is not enough".

While the number of "Sapphire" system suppliers are also not spared, for example just listed blue Synopsys, in May last year, the prospectus prospectus mentioned 5 billion 400 million release, of which 1 billion 800 million is used into the sapphire production and intelligent terminal project, and in March this year the final prospectus in the the project quietly removed, affected by the input to