Focus Stocks》Dayin: Silicon Photonics' contribution to financial results is impressive and it is hitting the daily limit

[Reporter Lin Jinghua/Taipei Report] Dayin Microsystems (4576) yesterday announced third-quarter consolidated revenue of 1.219 billion yuan and after-tax earnings per share (EPS) of 2.14 yuan, both of which set new historical highs. At yesterday's press conference, Dayin Chairman Zhuo Xiuyu expressed confidence in maintaining high gross profit margins in the fourth quarter and next year. The legal person believes that Dayin has clear short- and medium-term growth momentum and maintains a buy recommendation. Dayin opened at 196.5 yuan today, and the stock price continued to rise and hit the daily limit. Around 11 o'clock, the stock price rose 9.77% and remained at 213.5 yuan.

The legal person pointed out that Dayin's largest application field is semiconductors. The high-end positioning platform has orders on hand for 5 to 6 months. The visibility of component orders is 3 months and the delivery time is about 2.5 months. Semiconductor applications have grown significantly, and silicon photonics is the next wave of growth momentum. In the medium and long term, the company will increase the proportion of components and enter the stage to enter new application areas. The growth momentum is clear, and the buy recommendation is maintained with a target price of 224 yuan.

Zhuo Xiuyu said at the press conference yesterday that Dayin has mass production and revenue contribution in silicon photonic testing. Orders are expected to be in the middle of 2027, and the gross profit margin can be maintained at around 40% for the fourth quarter. With the launch of various new applications and new products next year, the gross profit margin is expected to remain above 40% next year.