Ruifeng photoelectric revenue in the first half of 737 million, will increase investment in new areas such as LED vehicle.

Today morning, Ruifeng photoelectric (hereinafter referred to as the "company") disclosed the semi annual report for 2018. The company achieved operating income of 736854258.63 yuan, a decrease of 6.43% compared with the same period last year, operating profit of 79953388.11 yuan, an increase of 42.73% over the same period last year, and net profit attributable to shareholders of listed companies was 68595955.65 yuan, an increase of 54.46% over the same period last year and a 0.1318 Yuan earnings per share.

Main financial data

Ruifeng photoelectric said that the main reason for the decline in revenue during the reporting period was that the domestic economic environment in the first half of 2018 was complex, and the growth of the macro-economy was weak. It also had a certain impact on the LED industry. At the same time, the company made a strategic adjustment of the product structure based on the medium and long-term development plan to enhance the proportion of the products with a higher gross margin. The proportion of products with low gross profit margins has been made. Thanks to this, the operating profit of the company during the reporting period and the net profit attributable to shareholders of the listed companies have maintained a relatively good growth, up 42.73% and 54.46% respectively over the same period.

From the specific products, the revenue of the company's lighting LED and backlight LED declined compared with that of last year, while the other LED revenue grew by more than 3 over the same period last year.

Among them, sales of lighting LED business were 369 million yuan, down 17.45% compared with the same period last year, and gross margin was 6.13%, down 3.31% compared with the same period last year. The main reason is that the LED filament business of the company occupied the first mover advantage in the same period last year, and the gross profit was higher. At present, LED filament business has entered the stage of full competition. The company has adjusted the product price in order to better establish long-term cooperation relationship with customers and better serve customers, and the company's LED filament business sales and gross profit during the reporting period. The rate has declined.

The total sales of backlit LED amounted to 219 million yuan, down 5.25% from the same period last year, and the gross profit margin was 18.32%, down 5.67% from the same period last year.

In addition, other LED such as full color, ChipLED and other businesses have developed rapidly and their performance has been highlighted. The development trend of LED applications such as infrared and laser is considerable. Other LED sales revenue during the reporting period was 147 million yuan, an increase of 35.65% over the same period last year. Relative lighting and backlight business, the gross margin level of other LED businesses is relatively high, contributing significantly to the overall performance of the company during the reporting period.

Revenue composition

According to the report, Ruifeng photoelectric is developing vehicle LED devices and lighting modules, including remote / low light, fog lamps, day lights, steering lights and so on. Among them, the 0.2W~1W full range products based on the EMC3030 platform (white, amber, red, yellow light, etc.) have already completed mass production import, and started small shipment. To the market. For the layout of the automotive lighting market, Ruifeng photoelectric has been non-stop. The day before yesterday, it has just announced that it intends to buy only 51% of the 102 million lights and speed up the layout of LED lights.

About UV LED technology, the company developed a cost-effective inorganic packaging technology, compared with parallel welding packaging technology, equipment cost is only 1/10, packaging material cost is only 1/3, will boost UVCLED in medical health field faster popularization. The product has passed the reliability test, completed the trial production import, and began to push the market. The company's iris recognition IR products have passed customer testing, and can start small production, waiting for trial production to come.

In terms of Mini LED, at present, the company's Mini product development series has been applied in parallel display of smart phone, PAD, pen, TV and Display display, and has maintained the docking with well-known domestic terminal enterprises. At the same time, the company has carried out research and development of special equipment and common technology for Mini LED and Micro LED, including massive transfer, phosphor deposition, quantum dot printing, laser cutting and rework, blue light color conversion technology, etc.

Ruifeng photoelectric said that Future Ltd will continue to strengthen the three major business market influence of lighting LED devices and components, high-end backlight LED devices and components and display LED devices and components, and increase investment in new applications such as vehicle, infrared, laser and other new applications in the main business of Future Ltd, and establish a comprehensive high-end product oriented to customers. The solution is to be bigger and stronger by expanding production and increasing efficiency, product planning, acquisition and merger, and external cooperation.

For the new technology field, the company will focus on R & D and market layout of Mini LED and Micro LED, grasp the historical development opportunities of the industry, enhance the core competitiveness and continuous profitability of the company.

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