There appears to  be a glitch here. Oz is banned but no record. I  have contacted Agoracom Admin.

I  had just responded to the following post from Oz:

Good morning

Google translate is to thank - please 


Guangxun Technology: The performance of the third quarter rebounded, and the layout of the high-end market 
Category: Company Research Institute: BOC International Securities Co., Ltd. Researcher: Cheng Yuyan Date: 2018-10-25 

The company released its third-quarter performance report. During the reporting period, the net profit attributable to the mother was 263 million yuan, an increase of 4.66% over the same period of the previous year; the operating income was 3.659 billion yuan, an increase of 7.55% over the same period of the previous year. 



The main points of support rating were significantly improved in the third quarter, and profitability gradually improved. In the third quarter, operating income was 1.224 billion yuan, up 21.11% year-on-year; net profit attributable to shareholders of listed companies was 124 million yuan, up 55.36% year-on-year. As long-term orders gradually completed the effective release of cost-side pressure, the comprehensive gross profit margin in the first three quarters increased by 1.91 percentage points from the first half of the year to 18.79%, driving the year-on-year growth rate of the first three quarters to turn positive from the semi-annual report of -18.94%. At the same time, due to the increase in exchange gains, financial expenses fell sharply by 656.19% year-on-year. With the gradual disappearance of the ZTE incident, the operator's collection progress is accelerating, and overseas orders are being released quickly. It is expected that the company's annual performance will continue to pick up. 



The 25GDFB/EML chip is expected to be mass-produced and actively expand the production capacity of the digital light module. The company's high-end chip self-sufficiency rate continues to increase, and the self-developed 25GDFB/EML chip is expected to be mass-produced in 2019. The company's competitiveness in the high-speed optical transceiver module market will be greatly enhanced. At the same time, the domestic telecommunications network is undergoing a high-speed upgrade, and the mass production of this product is expected to catch up with the 5G construction peak. In addition, the company actively expands the production capacity of high-speed digital optical transceiver modules through non-public offering of shares. It is expected that the production capacity of 100Gb/s digital optical modules will reach 808,900 per year, which will support the expansion of the company's business in the digital communication field. Through the layout of operators and digital communication dual market, the company's performance in the field of optical communications is worth looking forward to. 



Jointly develop 100G silicon optical transceiver chips to capture the high-speed silicon optical device market. The 100G silicon optical transceiver chip jointly developed by the company has been successfully put into use, realizing the mass production of 100G/200G fully integrated silicon-based coherent optical transceiver integrated chip and device. After testing, the performance of the silicon optical chip is stable and reliable, and it is expected to realize large-scale deployment and application in the optical communication system of the transmission network and the data center in the future.



The successful development of high-end silicon optical chips will help the company to seize the high-speed silicon optical device market, and leverage the company's strong research and development capabilities in the field of optical chips to continue to strengthen the company's leading position in the industry.



The main risks faced by the rating are the operator's lack of investment risk, market competition risk and technological innovation risk.



Valuation We forecast that the company's EPS forecast for 2018-2020 is 0.56, 0.69, and 0.90 yuan, and the corresponding P/E ratios are 42.2 times, 34.4 times, and 26.5 times, respectively, and maintain the Buy rating. 

Cheers