China Optoelectronics semi annual report released net profit increased by more than 3 times

Hua photoelectric 12 semi annual report released. Announcements, the company semi annual operating income of 612 million 952 thousand and 800 yuan, an increase of 41.16%, attributable to shareholders of listed companies net profit of 53 million 171 thousand and 600 yuan, an increase of 323.02%, but net profit after deducting non recurring gains and losses has decreased compared to last year.

The company said, in 2016 compared to the same period last year compared to the net profit changes is: the rate of price decline is greater than the cost decline in operating profit decreased, but the chip products after the fourth quarter of 2015 fell after the two quarter of this year relative to last year's fourth quarter and first quarter this year and said, prices have rebounded slightly. Companies seize the opportunity to pick up the two quarter of the market, and actively explore the market in a timely manner to adjust product strategy. At the same time, the implementation of streamlining staff, reduce costs and other measures to control costs, making the two quarter results began to improve. From the beginning of May, a wholly owned subsidiary of aquamarine technology into the scope of consolidated financial statements of the company. On the other hand, the reporting period included in the current profit and loss of government subsidies over the previous year, a substantial increase.

Main business composition

In addition, according to the announcement, the company's operating income during the reporting period mainly from the LED epitaxy, chip sales, the company's LED chip product sales increased by 98.24% over the previous year. LED revenue growth has two main reasons: on the one hand, because the company through technological progress and increase investment continued to steadily improve productivity, product production and sales grew steadily, effectively offset the decline in prices due to negative impact on sales growth; on the other hand, seize the opportunity to pick up the two quarter of the market, and actively explore the market and timely adjustment of product strategies to increase revenue. At the same time, the company mergers and acquisitions Aquamarine technology, May incorporated into the scope of the merger of sapphire substrate income statement.

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