With the disclosure of Xingyu Technology's annual report, everyone also found that the companies of the galaxy are a little different today, and the first and second listed companies in the A-share market have announced their annual reports on the same day and in the intraday, which is obviously a force that is deliberately promoting something.

And it is not difficult to guess that this is most likely the instruction of its parent company, or Fang Hong's instruction, which wants to let SGX continue to break through.

The fast-responding funds have begun to intervene, since the big guy has this meaning, then just respond to the call of the big guy, making money is a high probability event, this kind of opportunity is rare.

As a result, the CSI 50 Index has risen further upwards, and now it is hitting a new all-time high with every point of rise.

The time came to about 12 o'clock, and the main boards of the two cities had been closed for half an hour, but the SGX was not closed at noon, and the market opened at 9 o'clock in the morning and continued to bid until 15 o'clock in the afternoon.

At this moment, Xingyu Technology rose by more than 6 percentage points, and its stock price also hit a record high of 10.68 yuan per share, with a total market value of 2,940.7 billion yuan.

Its market capitalization of 2.94 trillion is like the sum of the market capitalization of the first line of the two universes, and it is only one step away from the historical mark of 3 trillion.

The market's attention to Xingyu Technology has not diminished at all, and this year's financial report data still slightly exceeded market expectations, because in the past two or three years, Xingyu Technology's main business, that is, the smartphone business, has not grown significantly.

It's not that Xingyu Technology's STAR series smartphones are not easy to sell, but many mobile phone users want to buy but don't have to sell them at all, and they all rely on that bit of inventory to squeeze toothpaste and release a little, so as to ensure a sense of presence and sufficient exposure, so as to avoid leaving the eyes of consumers for a long time.

In fact, investors are quite shocked by the resilience of Xingyu Technology, in the case of the main business being suppressed, and at the same time the R&D investment has not been reduced, it can still maintain the two-way growth trend of revenue and profit, which is where the market exceeds expectations.

After Xingyu Technology released its annual report today, various investment institutions also used it for research and analysis for the first time.

From the perspective of revenue scale, there has been no outstanding growth in the past three years, because in 2012, the revenue scale has reached more than 570 billion brilliant achievements, this year is more than 770 billion, and the scale has increased by 200 billion in three years, which is of course a big number, but the average growth rate is less than 12% per year.

Such a growth rate is lower than the level of the same industry, but the market also understands Xingyu Technology, and many people also admire Xingyu Technology, because the company is still suppressed by the United States and still maintains a growth trend, which is not easy.

In the area of high-end chips, Xingyu Technology can only rely on itself to break through successfully, and it is impossible to get high-end chip supply from Laomei's chip company.

This year, the net profit margin of Xingyu Technology is 46.5 billion, although it has increased by about 5 percentage points compared with last year, but it has decreased by 40% compared with 78.5 billion yuan in 2012, almost halved, and the net profit margin this year is only 6 percentage points, and in 2012 it exceeded 13 percentage points, and the net profit margin has also been cut in half.

It can be seen that 2012 is the peak of Xingyu Technology so far, and it has not surpassed the peak of that year in the past three years, and it is also the year that Apple's iPhone series of smartphones and Xingyu Technology's STAR series of smartphones face competition.

Apple has also ushered in the glorious days in recent years, the company's market value has also continued to reach a new high, and its market share in Greater China is gradually expanding.

Xingyu Technology has been dormant in recent years, and when the so-called domestic friends and peers saw that Xingyu Technology was cut off from chip supply, they were secretly happy, thinking that they could eat the high-end market share of Xingyu Technology.

But in the past three years, there is no one who can fight in the face of Apple's competition in the high-end market.

In this life, Huawei did not enter the smartphone market, but cut off the fledgling mobile phone business, because Mr. Ren felt that there was Xingyu Technology, and Huawei did not need to enter this field again, and even if he entered, it would be difficult to compete with Xingyu Technology.

It's not that Huawei is afraid, even if it can't compete with Xingyu Technology, with Huawei's technical strength and heritage, there is no problem in gaining a firm foothold in the smartphone industry.

The reason why he did not enter this industry again is actually because the old man has a big pattern, which is the same as Fang Hong's refusal to let Qunxing invest in the communications industry.

If you want to invest, you will invest in Huawei, but Huawei is not short of money, and if the company's equity structure does not change, it will be difficult to let external capital in, and Fang Hong simply let the galaxy directly not get involved in the communication industry, excessive competition is a waste of resources, which requires a large pattern to make such a decision.

Fang Hong is not worried that the communication industry will lag behind America, Huawei's technical strength is also very capable of playing, and the technical background is also very strong, not surprisingly, after the game of 5G communication enters the white heat in a few years, Huawei is also likely to be in America's small black book, and Huawei's name is indispensable on the list of blackmails.

In addition, it is worth mentioning that Apple has always avoided this issue for the fact that Xingyu Technology, a competitor, was cut off from the supply of chips, because people with a discerning eye know that Apple is not winning well now, which is clear to peers, foreign technology companies are also aware of the affairs of this circle, and even many users are aware of this matter.

The key is that Xingyu Technology did not admit defeat, and has the determination to be brave after shame, and now it is just dormant, and there are many loyal fans who are looking forward to the day when the king of the STAR series of mobile phones returns.

Knowing that the win was not honorable, Apple certainly didn't want to mention it, that would only embarrass itself.

What's more, when the Qiao gang leader was still there, he couldn't suppress the momentum of Xingyu Technology, and now the Qiao gang leader is no longer there, although Apple's revenue and profits have hit new highs year after year, but technological innovation is obviously declining, and it is obviously not as good as the Qiao gang leader era.

Various investment institutions analyzed the financial report of Xingyu Technology this year, and found that the performance was not bad, with a revenue scale of more than 770 billion from a structural point of view, the most core source of income is no longer selling smartphones, although the profit margin of smart phones is the highest, but the supply is insufficient, and it only ranks third in the company's revenue.

The biggest source of income for Xingyu Technology now is the Taiji operating system TOS ecosystem, although the new phones have been sold less in recent years, but the STAR mobile phones sold in previous years, most of the users are still using them, especially loyal die-hard fans.

In the past few years, the total number of mobile phone shipments has also exceeded 100 million, and the user scale of the TOS operating system is also the third largest smartphone operating system in the world after Android and IOS.

The company's revenue has increased to more than 770 billion, but the net profit and net profit margin have declined, the reason is that Xingyu Technology still maintains ultra-high R&D investment, not only has not reduced the R&D budget expenditure, but is still increasing.

This is also what Apple is most worried about and even the most afraid, in fact, Pants does not take other domestic mobile phone manufacturers into account, but is very afraid of Xingyu Technology, which is in dormancy, and also maintains a strong vigilance against it.

Its annual R&D investment has not decreased but increased, which is to tell everyone that Xingyu Technology is committed to the independence of high-end chips, vowing to break through successfully and then return to the king.

In 2012, Apple deeply felt the taste of being hung up and beaten in the face of competition at the peak of Xingyu Technology, and how could it not be afraid that it would return again after achieving a breakthrough......

Therefore, he also riveted his strength, using his influence and various resources to suppress, and he did not dare to underestimate the enemy at all, and always regarded Xingyu Technology as a big problem, and until now it is still the most threatening opponent in Apple's mind.

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