Chau in the first half net profit increased by 140% intends to apply to become a supplier of Winter Olympics

Daily economic news, August 7th, Chau Ming technology released semi annual report in 2015. The first half of 2015, the state of science and technology to achieve total revenue of 624 million 119 thousand and 900 yuan, up 40.01% over the previous year; a net profit of 80 million 29 thousand and 700 yuan, an increase of 126.65%; attributable to shareholders of listed companies net profit of 57 million 68 thousand and 800 yuan, an increase of 139.47%; the total operating cost of 532 million 359 thousand and 900 yuan, representing an increase of 32.65%.

Announcements, Chau Ming technology overseas sales grew 57.50%; "small space commercial super TV series" market share rapidly, the first half of 2015, income 168 million yuan, accounting for 26.88% of total revenue, an increase of 113.01%; June 2015, Chau Ming technology LED display total management control system by the National Copyright Administration of copyright of computer software, to "industry system solutions provider of professional development; in January 2015 to set up investment Xiaoming form with LED technology, intelligent lighting products as the starting point, to e-commerce and mobile Internet business model for closed loop channel force point.

Analysis of the industry, LED industry enterprises in order to compete for market share, the competition becomes increasingly white hot, in addition to the traditional price war, in the brand, channel and other aspects of the battle is staged. At the same time, along with the gradual transformation of traditional lighting companies to semiconductor lighting, LED industry as a whole the increasingly fierce competition, which makes LED corporate profits fell into the new normal.

Wu Yulin, chairman of FSL Lighting Association, said in an interview with reporters, the current LED technology is more mature, the application is also more and more broad, LED TV is a very normal innovation products. And because the price of LED down, the cost of LED TV will gradually decline, coupled with the advantages of thin screen, power saving, LED TV will gradually popularize.

Guangdong Lighting Appliance Association Secretary General Guo Xiu interview, LED lighting industry is currently facing a "cake increased slightly, the influx of" segmentation of the situation, making the LED segments in this area is very competitive. Chau Ming technology R & D LED small spacing super TV is a very normal strategic layout, this part of the business is still blue ocean, there is a very large market potential.

Guo Xiu said that the current LED TV is still a new thing, both at home and abroad are in the stage of market development, foreign markets are relatively larger. Europe and the United States in the market from the glass screen to the LED screen TV replacement stage, the estimated LED screen TV market growth can maintain 3 ~ 5 years.

Chau Ming technology recently told the media that the company is actively preparing for the 2022 Beijing Winter Olympics in Zhangjiakou - LED supplier of the project. It is reported that the state of science and technology had been in LED major sporting events has accumulated a lot of experience, including the 2014 Winter Olympics in Sochi to undertake the opening and closing stage cylindrical screen business, in 2011 and 2013 respectively to undertake the Shenzhen Universiade, Kazan Universiade competitions such as LED display screen etc..

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