In 2016, the industry reshuffled, the backward production capacity was eliminated, the industry concentration gradually increased, and the price competition further returned to rationality.
In 2017, after the Spring Festival, it is time for all listed companies to submit “transcriptsâ€. Recently, various LED listed companies have begun to show their 2016 results.
In the past two days, Huacan Optoelectronics, Jufei Optoelectronics, Zhaochi, Dongshan Precision, Yuanguang Optoelectronics, and Dehao Runda have successively issued their own 2016 performance reports to see how their performance is.
Huacan Optoelectronics' 2016 net profit increased by 378.43% year-on-year
On February 27, Huacan Optoelectronics (300323) released its 2016 annual report, saying that in 2016, the company achieved operating income of 1.582 billion yuan, an increase of 65.62% over the same period of last year; the net profit attributable to shareholders of listed companies was 267 million yuan, compared with last year. The increase was 378.43% over the same period. The net profit after deducting non-recurring gains and losses was 25.51 million yuan, an increase of 113.38% over the same period of last year.
Among them, with the elimination of backward production capacity, the industry concentration has gradually increased, the price competition has further returned to rationality, and the enthusiasm of the client for payment has been significantly improved. With the completion of the company's upgrading project, the scale of production and sales has increased significantly. In 2016, the sales volume of LED chips increased by 130.96% compared with the previous year. At the same time, the acquisition of blue crystal technology increased the sales revenue of substrate wafers, and realized operating income of 1,582,377,000 yuan, an increase of 65.62 over the same period of last year. %; realized net profit of 267,190,400 yuan, an increase of 363,154,300 yuan over the same period last year.
In 2016, due to the growth of market demand and the elimination of outdated production capacity in the LED industry, the supply and demand relationship in the chip market improved, and the sales volume of Huacan Optoelectronics increased significantly, further consolidating the company's dominant position in the market. In particular, benefiting from the rapid growth of market demand for small-pitch display screens, the company's products in this market segment show a promising situation in both production and sales.
It is expected that Huacan Optoelectronics' superior position in the display market will give the company an opportunity to grow rapidly in the next 2-3 years. In terms of overseas market expansion, export revenues have grown steadily.
Jufei Optoelectronics' 2016 net profit increased by 51.62% year-on-year
Jufei Optoelectronics also announced the 2016 annual performance report. The company achieved a total operating income of 1.509 billion yuan, an increase of 57.28% over the same period of the previous year. The operating profit and total profit were 174 million yuan and 183 million yuan respectively, respectively. It is 60.86% and 58.38%. The net profit attributable to shareholders of listed companies was 155 million yuan, an increase of 51.62% over the same period of the previous year.
During the reporting period, the sales volume and market share of backlight LED and lighting LED products of Jufei Optoelectronics' traditional business maintained steady growth; the strategic new business of small-interval display LEDs and other companies also carried out smoothly, and gradually contributed to business performance.
Yuanguang Optoelectronics' 2016 net profit increased by 59.38% year-on-year
On the evening of February 27, Yuanfang Optoelectronics (300306) released the 2016 annual performance report. During the reporting period, the company achieved operating income of 223 million yuan, an increase of 21.03% year-on-year, operating profit of 89.06 million yuan, and net profit attributable to shareholders of listed companies of 88.84 million yuan, up 77.36%, 58.63% and 59.38% respectively.
During the reporting period, Yuanguang Optoelectronics' operating income increased steadily and profit growth was obvious. The main reason was that the company actively explored the market, accelerated product iteration speed, improved competitiveness and effectively improved operational efficiency, and increased foreign investment income.
Dongshan Precision's 2016 net profit increased by 370.14% year-on-year
On the evening of February 27, Dongshan Precision (002384) released the 2016 annual performance report. The company's 2016 annual operating income was 8.342 billion yuan, an increase of 108.91% over the same period of the previous year. The operating profit was 152 million yuan, an increase of 580.52% over the same period of the previous year. The net profit attributable to shareholders of listed companies was 149 million yuan, an increase of 370.14% over the same period of the previous year.
The increase in Dongshan Precision's 2016 annual results was mainly due to the completion of the acquisition of 100% equity of MFLX on July 27, 2016. MFLX was included in the consolidated statement of the company since August 2016. On the other hand, the company's communication business maintained steady growth this year. The LED and module business grew rapidly; at the same time, the investment income of the subsidiaries confirmed this year increased.
Zhaochi's net profit increased by 18.87% year-on-year
On the 25th, Zhaochi Co., Ltd. released the 2016 annual performance report. During the reporting period, the company achieved a total operating income of 7.5 billion yuan, a year-on-year increase of 23.03%; realized operating profit of 312 million yuan, down 8.99% year-on-year; realized net profit attributable to shareholders of listed companies 4.11 billion yuan, an increase of 18.87%.
The main reasons for the year-on-year increase in profit include:
(1) The company further strengthened the development of high-quality customers, improved resource allocation, optimized product structure and customer structure, and maintained stable growth in traditional businesses such as LCD TVs, digital set-top boxes, LED products and accessories;
(2) The company quickly promoted the transformation strategy of Internet TV, and the results of marketing channel layout were significant;
(3) Reduce cost and increase efficiency, reduce personnel's operating costs and expenses by optimizing personnel adjustment and strengthening cost control.
Dehao Runda's revenue fell 10.05% year-on-year
In 2016, Dehao Runda achieved operating income of 4.053 billion yuan, down 10.05% from the same period of the previous year; net profit attributable to listed shareholders was 29.7285 million yuan, up 49.67% over the same period of the previous year.
During the reporting period, the LED industry experienced a certain degree of warming, but the pattern of intense competition in the LED industry continued. The overall sales of the company's LED business was basically the same as last year;
The company's small household appliances business is mainly export-oriented. Due to the unstable political economy in Europe and the United States, changes in the company's customer structure, and customer demand for price adjustments, the operating income fell by about 14% from the same period of the previous year.
During the reporting period, the company achieved operating profit of -12,166,900 yuan, an increase of 81.13% over the same period of last year, mainly due to the sale of 100% equity of Hong Kong Dehao Optoelectronics Co., Ltd. in the report period, which brought about 195 million yuan (before tax) to the company. The impairment losses on assets accrued in 2016 were significantly less than last year.
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