Australia Shunchang accounted for more than half of the first half net profit of LED

Australia Shunchang semi annual report shows that the first half of 2015 the company achieved total revenue of 783 million 252 thousand and 500 yuan, up 9.73% over the previous year; to achieve operating profit of 137 million 327 thousand and 200 yuan, an increase of 31.27%; net profit of 152 million 242 thousand and 100 yuan, an increase of 71.17%; attributable to shareholders of listed companies net profit of 132 million 123 thousand and 900 yuan, growth of 92.93% over the previous year.

Australia Shunchang first half of 2015 the major accounting data and financial indicators

LED net profit of over half of the overall growth

During the reporting period, relying on existing capacity and differentiated competitive strategy, the company's LED business production and management in good condition, the production line is in full production status, scale effect and profitability has been better reflected. In the first half of 2015, the main business of the implementation of the Huaian LED photoelectric operating income of 225 million 607 thousand and 700 yuan, attributable to shareholders of listed companies net profit of $66 million 911 thousand and 900, accounting for the proportion of listed companies net profit of 50.64%. In the first half of 2015, the company continued to LED R & D investment, flip chip technology gradually mature and part of the mass production, the overall technical strength continues to improve, further enhance the competitiveness of products.

Currently, the company plans to invest a total of 925 million 712 thousand yuan LED epitaxial wafer and chip industrialization project (phase two), as of the end of the reporting period, the cumulative amount of the actual investment of $41 million 707 thousand and 200, the project progress of 4.51%.

Although LED business revenue grew 207.16% over last year, but its operating costs increased by more than the same period last year by 234.94%, its gross profit margin dropped from the original 39.23% to $33.73%.

Layout patent bigger LED mergers and acquisitions to expand new growth points

For the LED epitaxy and chip industry is capital and technology intensive business, the company will rely on lower LED project investment cost, the technology is advanced and mature as the basis, combined with the industry's leading core equipment company and outstanding management philosophy, to create a LED service excellent cost control and profitability, with considerable the competitive advantage in the LED industry.

With the scale of production capacity continues to expand, Australia Shunchang said, will continue to increase technology and R & D investment, on the one hand, close to the market demand for technology research and development, the formation of local advantages in products, ensure good profitability; on the other hand, positive future technical reserves, and gradually build their own core technology and the establishment of the patent protection system. The company has applied for and obtained a number of patents.

For the company's future strategy, Australia Shunchang said, the in-depth research and feasibility analysis by LED Association compounds in the field of semiconductor, the company will use the resources and advantages in the LED industry, bigger and stronger LED and semiconductor related businesses, to achieve effective extension of industrial chain. At the same time, we also actively explore the use of mergers and acquisitions to enter the emerging, high growth industries, with a view to the rapid development of new profit growth point. (text / China LED network Skavy)

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