LED listed company performance Man Jianghong why these four net profits fell?

On August 31, the disclosure of the first half of 2017 performance report of LED companies listed on the A-share market was completed. By finishing the mid-term results of 23 LED downstream application listed companies, Gaogong LED found that all major companies have achieved different degrees of growth in terms of revenue; in terms of net profit, in addition to Shell, Meida, Lehman and LED lighting as a new energy-saving and environmentally-friendly industry in recent years, in recent years, due to the strong support of national industrial policies, the public awareness of energy conservation and environmental protection, the continuous improvement of LED product characteristics and the gradual decline in costs, the market scale has grown rapidly. Due to the huge development space of the LED lighting market in the future, the corresponding lighting market also has a large imagination. The disclosure of the interim report of the LED listed company was completed. Gaogong LED has compiled the performance of 23 LED downstream application listed companies, of which 19 have achieved a double increase in net profit, and only 4 companies have seen a decline in net profit. On August 31, the disclosure of the first half of 2017 performance report of LED companies listed on the A-share market was completed. By finishing the mid-term results of 23 LED downstream application listed companies, Gaogong LED found that all major companies have achieved different degrees of growth in terms of revenue; in terms of net profit, in addition to Shell, Meida, Lehman and In addition to Abbison, the remaining 19 companies are showing growth. In the field of LED lighting applications, Op Lighting, which was listed last year, and Sanxiong Aurora, Debang Lighting, Huati Technology, and Tailong Lighting, which have entered the GEM this year, have achieved good results in the senior high school entrance examination. Among these new and expensive enterprises, Op Lighting has won the revenue scale and net profit. In the first half of the year, it achieved revenue of 3.01 billion, net profit of 259 million, up 41.29% year-on-year; Debon Lighting's revenue growth was the largest, reaching 49.80. %. In addition to the snow Wright and Meida digital, the old LED listed companies also have a correspondingly good performance. Feile Audio gained 3.372 billion in overall revenue, up 11.39 year-on-year, achieving a net profit of 286 million, an increase of 347.44% year-on-year. The growth momentum is quite strong. In addition, NVC Lighting and Golden Wright also performed well. After experiencing the control dispute, NVC Lighting once fell into a quagmire of losses. However, in recent years, under the leadership of Chairman Wang Donglei and the strong rise of the business and home two-wheel drive, this year continued the growth trend of last year and achieved business in the first half of the year. The income was 1.910 billion, and the net profit was 148 million, a year-on-year increase of 80.40%. Under the double impact of the death of Chairman Tian Qiao and the failure of foreign investment, Jin Laite’s performance was deeply disappointing. However, as the company gradually got on the right track and the development of the domestic market increased, Jin Laite changed in the first half of this year. The decadent image recorded a revenue of 564 million yuan, a year-on-year increase of 36.21%, while its net profit also increased by 25.33%. As a representative of LED enterprises in transition education, Qinshang shares are amazingly growing. After the acquisition of Longwen Education, Qinshang Co., Ltd. announced a total of six educational asset mergers and acquisitions, involving an amount of about 4 billion yuan. Such a fierce acquisition is particularly prominent among listed companies in A-share cross-border education. In 2017, Qinshang's share revenue was 865 million, an increase of 93.94%, of which 380 million were contributed to education and training, accounting for 44.01% of total revenue; net profit contributed was 54 million, accounting for 65.75% of total net profit. In the field of LED display, the same is the strong Hengqiang, Liard once again dominated the list. In the first half of 2017, Liard achieved revenue of 2.513 billion in the first half of 2017, a year-on-year increase of 45.09%; net profit attributable to shareholders of listed companies reached 371 million, an increase of 102.04%. Liard currently has four major business segments, and the night travel economy continues to grow at a high rate. With the adjustment of product structure, gross profit continues to increase, and the proportion of business has also increased; smart display is still the business segment with the highest proportion of business; cultural tourism The business continues to maintain a stable gross profit level; the new VR experience business is an emerging high-tech industry with a high level of gross profit. The profitability of 19 companies has improved, but Snowlight, Meida Digital, Lehman shares and Abby's net profit in the first half of the year are declining. Snow Wright's net profit fell 20.45% in the first half of the year; Madda's figure was even worse, net profit fell 71.06%; the other two LED display companies Lehman shares and Abbyson fell 17.12% and 45.25% in net profit, respectively. Judging from the interim financial report of LED listed companies, the scale of LED downstream application industry continues to increase. According to the survey data of the High-tech Research Institute LED Research Institute (GGII), the market size of China's LED downstream application field in 2016 was 369.7 billion yuan, a year-on-year increase of 15.71%, which was equivalent to 2015. Display, backlight, lighting and other application sectors accounted for 12%, 11%, 66% and 11% respectively. GGII expects that the output value of China's LED downstream applications will reach 455.1 billion yuan in 2017, an increase of 20.4%. With the LED lighting replacement tide acceleration and the demand for various segments including infrared, ultraviolet light, automotive lighting, etc., in addition to the LED small-pitch market demand, coupled with rising raw materials and labor, manufacturing costs, 2016 LED product prices Enter the rising cycle. In 2017, the global economic weak recovery, along with China's in-depth implementation of innovation-driven development strategy, industrial development is also facing a new form. New technologies, new economies, and new formats, such as intelligence, Internet of Things, and shared economy, have accelerated the progress of LED lighting technology and the expansion of application fields. In the first half of the year, with the introduction of the "13th Five-Year Development Plan for the Semiconductor Lighting Industry", the promotion of the semiconductor lighting market, and the promotion of the new energy-saving and environmental protection source (Green Photo IV) (GEF-SSLED) project, the LED lighting industry ushered in New development opportunities and challenges. New development opportunities have promoted the adjustment and optimization of the industrial structure and promoted the upgrading of the semiconductor lighting industry to high-end applications. At the same time, with the advent of the LED era, the iterative cycle of technology and products is accelerating, the integration trend of light source lamps, product form and diversification of demand have increased the technology, manufacturing and competition barriers of the lighting industry, thereby promoting the industry structure. Shuffle, the speed of industrial integration is accelerating, and the concentration is gradually increasing. In addition, with the popularization of Internet + and the continuous advancement of domestic urbanization, smart cities have become a new trend. As an important part of smart cities, LED smart lighting has also ushered in a development boom. According to the data of the High-Tech Research Institute of Lithium Power Research (GGII), smart cities across China will indirectly drive the output value of LED outdoor lighting to nearly 100 billion yuan in the next five years. In the face of new opportunities and challenges, the PK competition between major companies continues to be staged. In the first half of the year, it was like the divestiture of the semiconductor business, focusing on the transformation of education; also, such as Mulinsen, Foshan Lighting, or the sale of its subsidiaries to focus on the development of the advantages; also the NVC lighting, Sanxiong Aurora and other lighting companies intensively, to develop fine In summary, in the field of LED downstream application, the rally between the big ones has already been staged. As the concentration of the LED industry continues to increase, the competition for big fish to eat small fish will continue to be staged.

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