24 LED companies interim performance of large PK, who is the king of profit?

Half year earnings recently LED industry has been released, in order to market development in the first half of the current situation of LED and corporate revenues have an overall understanding of LEDinside statistics of 24 LED listed companies revenue and net profit and gross margin data for reference.

The overall revenue gains across the board, 80% net profit preference

According to LEDinside statistics of 24 LED companies reported financial data found that in the first half of 2016, revenue net profit growth of more than 8 enterprises, while the LED industry gross margin showed a decline of more than half of the enterprise.

Careful inspection found that the 24 LED enterprises in the semi annual revenue decline of only 4 companies, including NVC fell 0.54%, down 16.89%, Australia Shunchang Elec-Tech fell 6.69% and the ocean King fell 3.01%.

But it is worth mentioning that the net profit growth rate of the ocean king and NVC is as high as 381.11% and 110.12%. On the whole, LED industry before the relative income does not increase profits for net profit growth shows that the growth of enterprises and industry growth in getting better.

LED business revenue increase, in addition to LED itself to pick up, but also with the business extension of the enterprise.

From the industrial chain, the first half of the LED chip companies have extended business scope, began to increase the layout of semiconductor integrated circuit business, which, with three, Huacan and Australia Shunchang the most eye-catching performance; packaging enterprises, subject to price war aftershocks, profits fell significantly, was forced to extend the high margin Market, among which the most eye-catching is market with UV and the car, and to Hongli country star was the most obvious.

The lighting companies have begun to gradually layout smart home and O2O areas. The most popular HUAWEI OPPLE hand force smart lighting and NVC to develop O2O most eye-catching performance.

LED display, the first half of 2016's eye-catching performance, the layout of AR/VR, Hao purchase a number of companies, market capitalization from early 2016, the lowest 11 billion 800 million yuan, up to a maximum of 26 billion 400 million yuan. In addition, there are the transformation of sports Alto electronics and Lehman shares.

Gross margin remained at 30%, but the overall decline

From the gross margin and the growth situation of 22 LED enterprises in addition to NVC, outside of OPPLE's point of view, the first half of the overall gross margin of LED enterprises concentrated in the range of 20%-30%, the individual like sea king special lighting enterprise is significantly higher. And from the overall gross profit margin increase, more than 50% of the gross margin is showing a downward trend, but for the growth of enterprises, in fact, most of the increase is small.

The first half of 2016, with gross margin decline, LED companies have expanded to new high margin market, the first half of this year is particularly concerned with vehicle plant lighting, lighting, UV/IR and intelligent lighting and so on high margin areas.

In order to guarantee profits, in addition to expanding the market of higher margin. Chip companies, which began to rise, Jingyuan, three and other leading enterprises as representatives; and lighting package enterprises, take is to expand the scale of production capacity, the introduction of the implementation of automation in all types of products and a variety of processes, promote duplication degree of automation solutions mature, to strengthen cost control, improve the company's overall gross margin.

In short, the first half of 2016, the industry as a whole showed signs of warmer, but the industry reshuffle did not stop, on the contrary and more intense, corporate polarization has become more apparent. (text /LEDinsideSkavy)

Attached: 24 LED listed companies net income statement

Note: only the interim results of listed companies included LED 1 chart; 2 graphic the net profit for the "net profit attributable to shareholders of listed companies; 3 graphic statistics Silan and Australia Shunchang's revenue is only LED revenues, not all business revenue.

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