Dry photoelectric income is not increasing profit half net profit fell 125.36%

Changelight August 15th evening announced the 2016 semi annual report, the reporting period, the company achieved operating income of 458 million 339 thousand and 200 yuan, an increase of 107.14%; this period occurred during the cost of 76 million 39 thousand and 900 yuan, an increase of 54.27%; net profit attributable to ordinary shareholders of listed companies to -617.48 million yuan, down 125.36%.

Major accounting data and financial indicators

According to the announcement, sales revenue increased substantially increased, mainly due to the LED blue chip, subsidiary of supply chain business products, product sales due to the impact of lighting applications; while the net profit loss mainly due to: 1, LED blue chip production capacity in the rising period, the gross profit rate is low; 2 increase, LED chip R & D projects the cost of inputs, resulting in management fees increased compared with a year earlier; 3, the blue and green project investment, production equipment lease financing costs increased, resulting in financial expenses increased slightly compared with a year earlier. Net cash flow generated from operating activities for the current period of -9532.58 million, down 931.05%, mainly due to increased investment in the production of material procurement and operating costs caused by a substantial increase in the cost of.

Main business composition

In addition, the announcement, the first half of 2016 chip and wafer 15.89% gross margin, gross margin of 32.92% over the same period last year dropped 17 percentage points, the main reason is: 1) LED 2016 blue chip sales income growth, the gross margin is lower than the red and yellow chip so as to lower the overall gross margin, gross margin of the main business 2); blue chip has not yet reached full production status, so the fixed costs have a certain impact on the product gross margin, but with the blue chip capacity continues to increase, the product gross margin increased.

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