The adjustment of product structure, rongchuang profit growth of over 60% in 2017

Taiwan LED manufacturers rongchuang performance in 2017 from a year earlier, the annual profit growth of more than 60%, 2017 revenue of 5 billion 978 million yuan (Note: NT), gross profit 770 million yuan, gross margin of 12.88%, operating income 132 million yuan, profit rate of camp 2.21%, pre tax earnings of 116 million yuan, with net income of 98 million yuan last year. The annual growth rate of 66.26%, annual net income per share (EPS) 0.68 yuan.

Rongchuang shipped last year still to backlight products, the company actively raise the proportion of gross margin products, this year in addition to continued adjustment of product proportion, Mini LED this year is imported into the TV backlight, the third quarter of next year to start shipping, if the shipment schedule in line with expectations, favorable performance this year, is expected to continue to maintain this adjustment strategy this year.

The backlight accounted for rongchuang revenue has reached more than 80%, while last year, product prices continued to fall back to about 20%, but the Taiwan factory has gradually withdrawn from the standard type of low margin products, the majority of Taiwan LED factory even shipped last year most of the mainland market, affected by the situation has been significantly reduced.

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