Has been the last day of August, LED listed companies in the first half of the annual report in the near period of time to disclose the basic one one. In the first half, weak foreign demand, China's economic growth slowed down, and the LED industry concentration of the industry, the intense price competition, mergers and acquisitions integration normalization, in the competition and challenges in the enterprise.
According to public enterprises semi annual report shows, most of the enterprises realize the net revenue growth in both, but there are still but net profit decline, or as part of the firm's revenue growth is net revenues decline "horror". Investigate its reason, or the capacity to expand the demand and market competition caused by the lack of price decline, gross margin decreased, or investment in R & D and other costs are too high, or mergers and acquisitions, restructuring costs more...... Small make up the net profit decline of LED listed companies, to understand the LED industry in the first half of the bustling growth of the other side.
KingSun first half net profit down 70% shares of the company performance influence
Disclosure KingSun August 28 in the evening, semi annual report, during the reporting period, the company realize operating income of 4.42 billion yuan, fell 7.89%; net profit of 16.9 million, down 70%.
The reasons for the decline: KingSun in earlier performance amendment said the reasons for the decline in net profit is subject to company shares of the company, Ordos City, Raffles Photoelectric Technology Co., Ltd. decline in operating performance.
Foshan lighting in the first half net profit fell 46% litigation compensation continued
Foshan lighting August 28th disclosure 2015 report, the reporting period, the company achieved operating income of 1524362800 yuan, down 1.21%, total profit of 124449400 yuan, down 45.64%, net profit attributable to shareholders of the listing Corporation 100258800 yuan, down 46.94%. Which domestic sales revenue 1061981000 yuan, an increase of 462381800, export sales revenue 0.93% yuan, down 5.79%.
The reasons for the decline: the reporting period, the downward pressure on the domestic economy continued to increase, foreign economic recovery is slow, the global economic environment is becoming increasingly complex. On the company's lighting industry, although the rapid development of LED, but the product of a surplus of structural overcapacity, increasingly fierce market competition, product prices continued to fall.
Data show that the Foshan lighting of the traditional lighting of the gross margin is relatively high, up to 27.86%, while the gross margin of LED lighting is only 18.44%. Foshan lighting LED products positioning is relatively low, the relatively low gross margin, failed to fill the gaps in the traditional lighting replacement revenue.
At the same time, on the claims of investors, Foshan lighting at the end of 2014, has announced the provision of compensation for 61438300 yuan, the first half of this year, the first half of this year, 14167700 yuan for compensation and litigation costs, resulting in a negative impact on performance.
Changelight first half net profit fell to 50% of the low degree of market acceptance
August 24th evening, the first half of the 2015 semi annual report of the disclosure of dry light. During the reporting period, the company achieved operating income of 221000000 yuan, an increase of 11.24%; net profit attributable to shareholders of the listing Corporation 24343900 yuan, down 48.33%.
Decline reason: dry according to the photoelectric said, the main system LED chip project from the expansion of the production process to generate the cost of the production process to increase the net profit margin as well as the bank's fixed deposit and financial revenue fell sharply.
Two is the company's involvement in the new business in the field of market, compared with some earlier than the company into the same industry and has established a brand effect of competitors, the product is recognized by the market lower level. In the face of the potential customers have not yet set up a sales relationship to launch a new product, it may not yet establish a relationship of trust and lack of brand awareness in the industry and other reasons to promote the difficulty.
HC semitek first half net profit down 71.53% investment
HC semitek August 24 release 2015 semi annual report said that during the reporting period, the company LED chip products production quantity than last year increase over the same period 140.10%, sales volume over the previous year growth 70.64%, achieved operating income of 43423.52_wan million yuan, than last year over the same period increased 42.64%; operating profit of 45.48 million, compared with the same period last year increased 106.21%; 1256.95_wan million yuan net profit, 71.53% decrease compared with the same period last year. Net profit after deducting non recurring gains and losses of 2318400 yuan, an increase of 207.32% over the same period last year.
Reasons for the decline: HC semitek said that market competition gradually intensified, the economies of scale the company is partially offset, at the same time, the company R & D investment, financial costs compared to the same period last year increase compared to. Overall, the company's operating income and profit rose last year, but has not yet been able to make up for the decline in non operating profit, so the combined net profit fell more than the same period last year.
Million in the first half net profit fell 17.61% by management fees increased
Wan run technology disclosed in August 20th semi annual report, the company achieved operating income of 308119100 yuan over the same period last year, net profit attributable to shareholders of 20734700 yuan, down 17.61% compared with the same period last year, net cash flow from operating activities 183.26% yuan, compared with the same period last year increased by 20306500; 21.05% yuan in June, the company achieved operating income 42191200 yuan, net profit 2934800 yuan.