[brief] poly Chan, mosopower and overclocking performance in 2017 three and released, the

Recently, poly Chan photoelectric Moso and overclocking three have been disclosed in 2017 annual report. Among them, poly Chan photoelectric and Moso power supply are to achieve double net revenue growth, net profit Moso power losses from 2016 to last year's profit, an increase of over 8 times. While overclocking three saw a drop in net profit last year.

Poly bright photoelectric 2017 operating income of 620 million yuan, an increase of 29.32%, total profit of 130 million yuan, an increase of 83.71%, attributable to shareholders of listed companies net profit of 110 million yuan, an increase of 81.53%.

The main financial indicators (unit: RMB)

According to the announcement, the company's main business for LED wafer and chip R & D, production and sales, the main products for the GaN based high brightness blue LED epitaxial wafer and chip. In 2017 the company revenues of 620 million yuan, the products are divided into LED chip, LED epitaxial wafers and other. Among them, LED chip revenue 370 million yuan, gross margin was 32.07%, mainly because the chip needs to maintain high growth momentum, the scale effect emerge, a substantial increase in gross margin. LED epitaxial wafer revenues of 120 million yuan, gross margin was 32.48%, mainly due to the size effect makes the cost further decline in gross margin improved to a certain degree.

Mosopower power in 2017 achieved total revenue of 1 billion 650 million yuan, an increase of 27.77%; operating profit 22 million yuan, an increase of 3042.89%; total profit of 27 million yuan, down 1.15%; net profit attributable to shareholders of listed companies was 13065004.57 yuan, an increase of 830.65%.

The main financial indicators (unit: RMB)

Moso said that in 2017 the company revenues of 1 billion 650 million yuan, the products are divided into SPS switching power supply, LED power supply, transformer, inverter, photovoltaic power generation, circuit boards and other, among them, LED drive power of 370 million yuan, accounting for 22.43% of the total revenue, an increase of 42.93%.

Three OC 2017 operating income of 410 million yuan, an increase of 19.54%; attributable to shareholders of listed companies net profit of 33 million yuan, down 36.51%.

According to the announcement, LED lighting as one of the three radiating component overclocking the main business to achieve sales revenue of 190 million yuan. The company actively respond to the part before the annual LED lighting heat components customer needs to bring down the challenges of business to the downstream of the LED lighting field, the annual LED lighting to achieve revenue 67 million 864 thousand and 500 yuan; through the acquisition of jiongda energy to achieve extensive development, expanding the company in LED lighting heat component business channel resources and customer resources, establish a solid foundation for the company bigger and stronger LED lighting business. The company at the end of September 2017 to complete the acquisition of jiongda energy, make a greater contribution to the expected 2018 jiongda energy will enhance the company's overall performance.

Secondly, the consumer electronics cooling accessories sales revenue of 98 million yuan. On the one hand, although the consumer electronics industry has entered the mature stage, but the gaming, block chain and other emerging consumer hot hot, promote consumer electronics cooling accessories market demand new growth; on the other hand, the company continued to increase R & D and process optimization of electronic products of new thermal devices, strengthen the marketing channels and brand advantages expanding market share. In addition, the company to extend the industrial cooperation tentacles, to establish a strategic partnership with Wuhan nimmay Internet companies such as Polytron Technologies Inc, gradually formed the company's consumer electronics cooling accessories business growth point.

The main financial indicators (unit: RMB)

Overclocking three said that December 2017, the company first raise investment projects of Huizhou production base, has reached a predetermined state in 2018, with the gradual release of production capacity of the base project, will become one of the main driving power of the company's future earnings growth.

In addition, poly Chan photoelectric, overclocking three also disclosed in 2018 first quarter results, the two companies were pre cut.

Poly can photoelectricity is expected from January 1, 2018 to March 31, 2018 attributable to shareholders of listed companies net profit of 3 million yuan, 8 million 500 thousand yuan, 22 million 504 thousand and 800 yuan more than the same period last year fell 62.23%-86.67%.

Poly bright photoelectric said that the main reason for changes in performance is influenced by the new year and the Spring Festival holiday, a quarter of sales in the off-season, but the price is also a certain adjustment to operating income lower than the same period; secondly, the Suqian subsidiary in the process of construction, management costs in addition, there was a substantial increase; due to exchange rate fluctuations, the exchange rate losses increase over last year.

Overclocking three is expected from January 1, 2018 to March 31, 2018 attributable to shareholders of listed companies net profit of 3 million 366 thousand and 800 yuan, 5 million 892 thousand yuan, 8 million 417 thousand and 100 yuan more than the same period last year decreased by 30% - 60%.

Overclocking three said that in 2018 1-3, the company's main business income and product sales gross profit margin compared with the same period of 2017 remained stable, the main reason affecting the performance of the company: December 2017 restricted stock incentive plan implementation, the need to confirm the shares to pay the cost of the first quarter to amortize the management fees for 4 million 572 thousand and 200 yuan; in addition, in 2017, the company gradually completed the relocation of production lines, to promote production base capacity effectively released, a large initial investment and new bank credit financing, short-term financial interest expense increased and other factors influence.

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