Siu Chi shares semi annual net profit of 328 million, LED growth 33.96%

August 1st evening Siu Chi shares released semi annual report, 2017 1-6 months, the company achieved operating income of 3 billion 745 million 508 thousand and 600 yuan, up 20.85% over the same period last year; net profit attributable to shareholders of listed companies was 327 million 797 thousand yuan, an increase of 47.94% over last year. At the same time, to further expand the scale of assets, as of June 30, 2017, the company's total assets of 13 billion 532 million 437 thousand and 400 yuan, up 10.06% over the previous year; attributable to shareholders of listed companies net assets of 7 billion 988 million 876 thousand and 100 yuan, up 3.42% over the previous year.

It is reported that, R & D, Siu Chi shares mainly engaged in household audio-visual and related products manufacturing, sales and service, adhere to the development of innovative technologies, products are mainly involved in the traditional LCD TV, digital set-top boxes, smart terminal and Internet video service, LED products and accessories etc.. The following main business revenue in the first half:

(1) traditional family audio-visual products

In the field of LCD TV, the company uphold the customer strategy, and gradually adjust the product structure, and actively to the layout of the high-end market, with well-known brands at home and abroad to carry out diversified cooperation in the global scope, to jointly promote the design, manufacture and sales of LCD TV, the formation of the depth of cooperation on brand licensing, joint sales etc. in the field of home audio-visual products. Through years of construction of marketing channels, the company to provide customers with system solution oriented, to meet the diverse needs of customers. During the reporting period, LCD TV and accessories sales grew steadily, representing a growth of 16.04%.

In the field of digital set-top boxes, the company continued with the communications operators (Telecom, mobile, Unicom) to maintain good relations of cooperation, through the "TV + broadband operators" to strengthen the construction of broadband networks and users, the development of intelligent set-top box carrying diversified business to achieve revenue growth and value-added business operations. The company has developed a series of 4K/P60, IPTV/OTT set-top box, with powerful hardware and software development capabilities and rich the whole category of terminal products, participate in interactive development and supply terminal replacement project of the smart set-top boxes, HD at home and abroad area communication operators, fully meet the needs of the operators. The first half of 2017, operating income of 689 million 943 thousand and 500 yuan to achieve digital set-top box business, representing an increase of 38.25%. At the same time, the company actively explore and develop new products, such as the combination of intelligent speakers, traditional AV audio and digital technology, Soundbar speakers and projection products, to supplement and enrich the company's existing products, to create new profit growth point.

(two) the expansion of the internet intelligent terminals and Internet video combination operation

Company based on its intelligent manufacturing advantages, with the popularity of online operating platform, and strategic partner of the Oriental Pearl, Qingdao Haier, United States consulting together to create Internet TV Chaowei ecosystem, to establish the Internet TV business, big business and the formation of terminal, video content, platform as a whole, so as to improve the ability of our Internet business the joint operation and industrial strength.

In product development, the company has QLED display technology, its popular Internet TV and constantly enrich the product series, launched in July 2017 -- new artificial intelligence quantum dot TV, 110%NTSC color gamut coverage, accurate reduction of 1 billion 70 million colors, showing vivid visual experience; in the channel construction, the popularity of Internet TV own brand has been completed under the 15000 line dealership layout, and expand the channels of cooperation with telecom network operators, Jingdong in June 2017 and the mall reached a strategic cooperation, to further expand the online market, and install the popular system with TV brands continue to maintain cooperation with strategic partners, through its online platform and direct line the store quickly cover the terminal market; in the content construction and operational aspects of the platform, through their own procurement and joint operation Business models, and constantly enrich the Internet TV and PC, mobile terminal content resources, including film and television, sports, entertainment, children, information and other vertical areas of domestic and international high-quality content, creating a content of multiple development pattern growth, in the field of short video, popular online through PGC quality content. Homemade IP sportswear and sports car, around the theme, content as a new marketing mode, brings new business growth for the company.

(three) the coordinated development of the whole industry chain LED

In the packaging industry company began to get involved in the LED industry chain and downstream applications in 2011, after the steady development in recent years, packaging and lighting business continues to rise, the first half of 2017, the company LED products and accessories to achieve operating income 634 million 27 thousand and 800 yuan, representing an increase of 33.96% in the same period last year, has a strong market the competitiveness in the industry, has become the leading enterprise LED. In March 2017, the company started to adjust in the application domain of LED layout, the introduction of professional team and the establishment of the Shenzhen City Siu Chi shares lighting Limited by Share Ltd, and actively create "Siu Chi" in the lighting applications in the field of brand construction; in June 2017, the company and the Nanchang Municipal People's government signed an investment agreement, in support of the Nanchang Municipal People's government, the company will in the design, investment and construction in Nanchang LED epitaxial wafer and chip manufacturing and sales project. To effectively promote resource integration in the LED industry, in order to improve the chip, package, application of lighting the whole industry chain layout, help the company LED business quickly into the international market, participate in international competition.

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