Ruifeng revenue last year more than 900 million, 16Q1 net profit up by 96%

REFOND April 15th evening released 2015 annual report, the reporting period, the company achieved operating income of 920932219.15 yuan, an increase of 1.55%; attributable to shareholders of listed companies net profit of 33 million 198 thousand and 700 yuan, representing a growth of 39.29%; earnings per share 0.1513 yuan; weighted average return on net assets was 5.14%.

2015 year major accounting data and financial indicators

Notice that, in 2015, the company continued to LED lighting and large-size LED backlight LED lighting products, LED sales revenue of 618405968.08 yuan, an increase of 14.03%, in the large size LED backlight sales revenue of 285079774.01 yuan, down 11.11%. Lighting LED and large-size backlight LED together accounted for 98.11% of main business revenue.

2015 annual revenue structure

In terms of lighting LED: in the further restrictions on the incandescent light environment, although the LED lighting product penetration has improved, but the LED lighting market competition is becoming increasingly fierce, the industry bankruptcy, mergers and acquisitions frequently. In the case of a substantial decline in the price of LED, LED packaging enterprises to accelerate the pace of production, resulting in excess capacity. The situation prompted the Chinese pile up in excess of requirement LED packaging market competition intensified, the price of domestic product packaging enterprises almost cut, the international LED packaging manufacturers of products prices also fell more than 20%.

In the large size LED backlight: 2015, traditional TV manufacturers sales overall downward, while part of large size packaging companies in LED backlight, intensified market competition, the company is stable market share, to take a more proactive strategy should be to let in the fierce market competition.

In addition, Ruifeng photoelectric also disclosed the first quarter of 2016 annual report, the reporting period, the company achieved operating income of 229 million yuan, an increase of 21.15%, net profit of $16 million 740 thousand and 200, an increase of 95.84%. The substantial increase in net profit is mainly due to the scope of the consolidated statement of Shenzhen City Ling Tao Optoelectronics Technology Co., ltd..

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