LED chip demand, Australia Shunchang 2017 annual net profit growth of 72%

12 evening, Australia Shunchang released 2017 annual report, in 2017 the company achieved total revenue of 3 billion 639 million 338 thousand and 300 yuan, up 82.93% over the previous year; to achieve operating profit of 632 million 182 thousand and 200 yuan, an increase of 129.83%; net profit of 533 million 30 thousand and 500 yuan, an increase of 100.29%; attributable to shareholders of listed companies net profit of 354 million 418 thousand and 100 yuan, up 72.36% over the previous year.

The Australia Shunchang main accounting and financial data

Notice that the year 2017, the company's business performance, profit year-on-year growth. Especially the LED chip business, along with the expansion project put into operation, operating income and earnings showing explosive growth. At the same time, the lithium battery business also maintained rapid growth, achieved satisfactory results.

During the reporting period, LED chip market demand continues to maintain strong momentum, the industry as a whole for the better, chip prices showed the relatively stable trend, chip production capacity in the full production status. Huaian photoelectric 2017 operating income of 997 million yuan, an increase of 167.18%; net profit of 206 million yuan, an increase of 224.80%. The contribution attributable to shareholders of listed companies net profit of 154 million yuan, accounting for attributable to shareholders of listed companies net profit ratio is about 43.43%, becoming the first major source of profits of listed companies.

At the same time, the company actively layout LED chip business to extend to the upstream industry chain, embarked on patterned sapphire industry projects, the main project has been more than half of the plant construction.

Australia Shunchang said that the year 2018, the company will make expansion project construction, the existing production capacity to gradually increase to produce 1 million 400 thousand tablets. At the same time, continue to maintain the good operation state, realize the scale and profits of the company's business continues to improve. In maintaining domestic chip production capacity ranks the first echelon at the same time, continue to increase R & D investment and new product development efforts, and constantly improve the brightness, the luminous efficiency of chip product technical performance, the year 2018, timely production of high-pressure chips, while increasing the technical reserves MiniLED, MicroLED etc.. For cutting and polishing of sapphire substrate and graphics industrialization projects, promote the construction process, the early realization of production.

In addition, the company expects first quarter of 2018 to the parent net profit of 86 million 140 thousand yuan -10528 yuan, an increase of 35%-65%. The reason for the growth performance is compared with the same period last year, the company LED business and the business of lithium battery capacity are significantly improved, performance is expected to contribute to an increase of more.

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