Qian Zhao photoelectricity and sunshine lighting publish semi annual report, net profit is 100 billion.

Yesterday evening, dry lighting and sunlight lighting disclosed the semi annual report in 2018. From the perspective of revenue and net profit, the profit growth of the first half of the year was lower than that of the sunshine.

As a leading enterprise in the LED chip of the red and yellow light, sun Zhao produced a good "report card", although its revenue declined year by year, but net profit increased by 22.50% over the same period last year.

According to the announcement, in the first half of 2018, the business revenue of Qian Zhao photoelectric was 513 million 69 thousand and 900 yuan, down 10.66% compared to the same period last year, operating profit 155 million 412 thousand and 700 yuan, an increase of 28.93% over the same period, the net profit attributable to shareholders of listed companies was 124 million 697 thousand yuan, an increase of 22.50% over the same period last year.

During the reporting period, the sales volume of the company's main business epitaxy and chip sales was basically the same in the same period, and the operating income was 506 million 966 thousand and 800 yuan, down 8.55% compared with the same period last year. The main reason is that the market price of the reporting period has declined, which led to a decrease in the gross profit margin compared with the same period last year, but the gross profit margin remained unchanged at 34.06% during the reporting period. Profitability.

In terms of capacity, output and capacity utilization, in the field of red and yellow LED epitaxial wafers and chips, there are 32 MOCVD chambers in dry photoelectricity. In the field of blue green light LED epitaxial wafers and chips, MOCVD has a total of 55 cavities (folding K465I models). At present, the company has imported 4 inch chip production technology, production capacity has been steadily improved, and the yield of epitaxial films is not less than 98%.

Photo source: Qian Zhao photoelectric Report

As for the R & D project, the photoelectricity shows that during the reporting period, the performance of the four yuan products is that the performance of the red LED chip, the low-power reverse polarity red LED chip and the high power anti polarity red LED chip are continuously improved. The near-infrared LED chip has been steadily supplied and the performance has been further improved. Vehicle products are being certified by customers. In the aspect of gallium nitride products, the newly developed Phecda series white LED chip products are now in the sample verification phase. Flip chip white LED chip second generation products have been produced in small quantities, and the third generation products are being verified by the client. In terms of Mini-LED, we have developed a variety of new products and can be mass produced. On the Micro-LED side, we develop a monochrome display sample with partners.

In addition, in the first half of the year, the export of LED lighting industry is in a very unfavorable situation. The performance of sunshine lighting in old lighting factories is also good. During the reporting period, the operating income of sun lighting was 2 billion 771 million yuan, an increase of 15.32% over the same period last year, and the net profit attributable to shareholders of listed companies was 164 million yuan, a decrease of 29.35% over the same period last year. Among them, the income of LED products was 2 billion 522 million yuan, an increase of 18.47% over the same period, accounting for 91.74% of the revenue. The income of traditional energy-saving lamps was 227 million yuan, a decrease of 9.61% compared with the same period last year, and the income accounted for 8.26%.

Revenue of main products of sun lighting main products in the first half of the year (photo source: sun lighting China Daily)

Sunshine lighting indicates that the export of LED lighting industry is in an unfavorable situation in the first half of the year. Abnormal fluctuations in the short period of the exchange rate disrupt the price system. The rapid change in exchange rate not only affects sales orders, but also affects gross margin fluctuations. At the same time, the price of bulk materials continues to rise and the prices of some special materials, such as chip resistors and patch capacitors, have risen sharply, leading to a rapid rise in costs and a decline in gross margins in the short run.

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