NBD AI Bulletin - Tianjin 712 Communication & Broadcasting Co Ltd ("the Company", SH 603712, close price: 40.92 yuan) announced a performance forecast on January 18, expecting the net profit attributable to shareholders of the listed company in 2020 to be about 510 million yuan~550 million yuan, an increase of about 165 million yuan~205 million yuan or 48%~59% from a year ago.

The Company expects net profit attributable to shareholders of the listed company after deducting non-recurring items to be 485 million yuan~525 million yuan, an increase of about 162 million yuan~202 million yuan or 50%~62% from the previous year.

The change in performance was mainly due to a significant increase in the number of orders for the Company's products. The revenue continued to grow with the delivery of products, pushing up the Company's net profit in 2020. Companies strictly implemented the cost control program, and further improved the level of information management, and continuously optimized internal control management, reduced the cost and improved efficiency significantly, which thereby largely drove the business performance.

The 2019 annual report shows that Tianjin 712 Communication & Broadcasting Co Ltd mainly engages in dedicated wireless communications business, other industries, accounting for 92.89%, 3.83% of revenue, respectively.

Tianjin 712 Communication & Broadcasting Co Ltd's chairman is Wang Bao, male, 57 years old, MBA at Tsinghua University, master of engineering, senior engineer. Tianjin 712 Communication & Broadcasting Co Ltd's general manager is Pang Hui, male, 47 years old, master of electronics and communication engineering at Tianjin University, EMBA at Nankai University Business School, senior engineer.

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 2.6797 million in the past 30 days, representing 0.73% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days. 

3. Based on the projections of securities firms, the average net profit of Tianjin 712 Communication & Broadcasting Co Ltd in 2020 is 515 million yuan. The Company's net profit was 345 million yuan a year ago.

(By Lan Suying)

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