Recently, a number of LED listed companies announced their 2017 annual performance list, and the overall profitability has ushered in recovery. Among them, the company's leading performance of the company is particularly outstanding, with revenues of nearly 1.1 billion yuan and net profit increased to 2.11. 100 million yuan, a year-on-year increase of up to 335%, attracted the attention of many investors.
At the 3.15 International Consumer Rights Day, the headquarters of Xiamen Dry Photo Group was open to investors for the first time, attracting more than 40 institutional analysts and investors to visit and exchange, and conducted an efficient online and offline simultaneous live broadcast.
meeting venue
Investors first visited the office building, production workshop, etc., and then entered the in-depth investor discussion and communication. Mr. Jin Zhangyu, Chairman of Ganzhao Optoelectronics, Mr. Cai Haifang, General Manager, Mr. Liu Wenhui, Secretary General and Deputy General Manager, Mr. Liu Zhao, Deputy General Manager, Mr. Peng Xinghua, Chief Financial Officer, Mr. Ke Zhijie, President of Future Display Research Institute, Mr. Huo Dongming, Marketing Director The management staff attended the exchange meeting, shared with the investors the current overall operating status and future development strategy of the company, and answered questions from on-site and online investors.
At the beginning of the meeting, the live review of the photo of the chairman of the company, Mr. Jin Zhangyu, “self-directed and self-directed†(writing scripts and recording narration) was reviewed.
General Manager Cai Haifang shared on the spot
Mr. Cai Haifang, the general manager, then introduced the company's 2017 operating results to the participants: In 2017, the company's chip business grew rapidly and its performance exploded. According to the company's 2017 annual report, the net profit of the company's returning home reached 210 million in 2017, a year-on-year increase of 335%; among them, the main business chip and epitaxial film revenue reached 1.095 billion, an increase of 33.35%, accounting for 96.88 of the total revenue. %, an increase of 25.45 percentage points.
Mr. Huo Dongming, Marketing Director, shared on the spot
Then, Mr. Huo Dongming, Marketing Director, conducted an expected analysis of the industry development trend. He pointed out that the production capacity of international large factories has decreased, and the expansion of domestic large-scale factories has led to the continuous increase in the global share of domestic chips. The micro-MOCVD equipment of Zhongwei has begun to be delivered to domestic chip manufacturers, and the localization of core equipment has started. In the future, chip manufacturers should pay more attention to operational efficiency improvement, and use product performance improvement and management efficiency optimization to resist possible price declines.
Then, the dry management staff carried out the theme of “Blue and Green Business Unit Growth: Maori from -5% to 33.77%†and “New Technology and New Direction: MINI and MICRO-LED Development Trendsâ€. After the meeting, the investors were still in a hurry and continued to have a heated discussion. The executives of Ganzhao Optoelectronics gave detailed answers to the problems of the company in the past, present and future.
It mentions several key points:
1. In 2017, the dry blue and green light epitaxial film was 33.77%, and the red and yellow light was 42.27%.
2. In 2017, the 730 million planned investment and flip chip production line of Yangzhou Dry Photo has been fully started.
3. After the expansion of the base in Nanchang, the future production capacity will reach 1.6 million pieces/month, and the first period will be 800,000 pieces/month.
4, has established a year of dry photo future display research institute, mainly in the study of MiniLED display screen and MiniLED backlight, MicroLED display, has been made sample layout
5. It is predicted that there will be applications for Mini TV or mobile phone backlighting at the end of this year, but the specific volume may be next year. However, dry photos are more optimistic about the large size and application in the automotive market.
6. It is expected that the penetration rate of MiniLED and MicroLED will increase the production capacity of GaN by 2 times, that is, the demand will be 20 million pieces/month.
Mr. Jin Zhangyu, the chairman of the board, then made a summary and shared the future. He pointed out that in the context of large-scale production, the competition of LED chip companies will eventually be implemented in the operational efficiency competition. In the future, the company will implement the “expansion plan†in detail, continuously strengthen the company's operational capabilities, strengthen cost control while increasing scale, and establish more advantages in the future competitive landscape. At the same time, the company will also make efforts in the direction of LED industry upgrade: the company will continue to bet on the strategic resources of MiniLED and MicroLED, expecting the company to gain industry leading position in the future display trend; strongly optimistic about the future opportunities of vcsel, the company's independent research and development The vcsel chip has been successfully spurred, the performance is up to standard, and the progress of industrialization has advanced a big step forward.
In the eyes of investors, the outstanding performance of the dry photo in 2017 just explains the spirit of “taking professionalism into a professional heartâ€. In the early days of dry photography, it was precisely because of focusing on red and yellow LEDs that the field was the ultimate, and it established the leading position of the LED industry in the dry and red-yellow light. When it comes to red and yellow light, the first thing that comes to mind is dry photos. This time, the same, the dry photo will not be able to improve the performance of the non-chip and epitaxial film business to adjust and shut down, thus determining the strategic direction of the deep-rooted business, perhaps a right choice at the right time.
Of course, the challenges and opportunities for future dry photos still coexist, the combination of high-end applications of red and yellow light, the new technology of infrared and the new wave of technology, etc., still require detailed planning of the strategic layer. If these items can be successful, in the future GaAs materials red and yellow light and infrared light, dry photos will be the absolute leading enterprises, no one.
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