Foshan Lighting / Yuanrong Optoelectronics' first-half net profit rose year-on-year. Why did Lehman's share increase not increase?

On the evening of August 24, Foshan Lighting (000541) released its first half of 2017 performance report. During the reporting period, the company achieved operating income of 2.024 billion yuan, a year-on-year increase of 15.28%, and realized a net profit attributable to shareholders of listed companies of 228 million yuan. The increase was 10.42%.

As the company continued to optimize the product structure, during the reporting period, the company's LED product sales revenue, lighting sales revenue continued to increase rapidly, LED product sales revenue accounted for 69.55% of the main business income, LED lighting sales revenue accounted for 45.75 LED sales revenue %. The launch of new products is also quickly recognized by the market, which better protects the company's operating income growth.

In the first half of 2017, the domestic economy maintained a stable operation, and the economies of the United States, Europe and other economies gradually recovered. The stable and stable macroeconomic environment provided a solid foundation for the growth of the entire lighting industry, but the introduction of the strongest real estate regulation policy in history. Lighting application companies are facing many challenges due to the rise of trade protectionism in various countries, rising cost of raw materials, rising cost and expenses, increasing exchange rate fluctuations, and increasingly fierce market competition.

Facing the complex and ever-changing internal and external environment, the company closely focused on the strategic goals of “high-tech, brand internationalization and production scale” put forward by the board of directors at the beginning of the year, focusing on the main business, continuously improving the company's innovation ability and intensifying efforts. Execution of overseas development strategy, continuous improvement of the company's refined management level, and achieved good business performance.

On August 24, Lehman shares announced its first half of 2017 performance report. The report shows that Lehman shares achieved revenue of 311 million in January-June 2017, up 24.07% year-on-year; net profit attributable to shareholders of listed companies was 22 million. , down -19.00% year-on-year.

Lehman Co., Ltd. firmly implements the development strategy of high-tech LED and sports dual-main business. While continuing to consolidate LED's main business, it also develops sports business in parallel. It is a well-known LED product service provider and sports resource operator.

Among them, LED business, Lehman shares are mainly engaged in LED mid-stream business, always insist on building an integrated industrial layout from packaging to application, the main business includes LED packaging devices, LED display, LED lighting, LED media and LED energy saving. Among them, the LED packaging device specific products include in-line LAMP, patch full color SMD, patch white light SMD; LED lighting includes Shang Chao lighting, engineering lighting and other products; LED display including indoor fixed display, outdoor fixed display Screen, LED rental display, small dot spacing display and other products.

Yuanrong Technology announced its semi-annual report on the 21st. The company achieved operating income of 227 million yuan, a year-on-year increase of 45.55%; operating profit of 26.88 million yuan, an increase of 205.61%; net profit attributable to listed company shareholders was 24.04 million yuan, an increase of 1094.08 %.

According to the announcement, the company's chip sales revenue increased by 316.11% over the same period of last year, and the sales unit price increased by 6.70% compared with the same period of last year, resulting in a significant increase in operating income compared with the same period last year. As the growth rate of operating income is greater than the growth rate of operating costs, the gross profit margin of products is correspondingly increased, and due to changes in accounting policies, government subsidies are included in the net additional method to offset the operating costs of 12,755,500 yuan, affecting operating profit increased by 12,755,500. yuan. As a result, the net profit attributable to the shareholders of the listed company has increased accordingly.

In addition, Yuanrong Technology said that during the reporting period, the LED industry has undergone a price war in the past two years. Since the second half of 2016, the prices of major LED products have continued to rise, and the industry's business climate continues to improve. The upstream chip and midstream packaging industry enterprises The performance has improved significantly. The company's white light business capacity has been at full capacity, the inventory has been greatly reduced, the products are in short supply, the company's sales network has been adjusted by taking advantage of the company's products, and the company has continuously developed new products based on good cooperation with several high-quality customers. The quality of high-profit customers, sales performance continues to climb.


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