[Semi-annual report] Dry photo photoelectric first-half net profit fell 125.36% year-on-year. LED blue-green chip pulled down gross profit margin

Ganzhao Optoelectronics (300102) released the semi-annual report for 2016. In the first half of the year, the company realized operating income of RMB 458,392,200, an increase of 107.14% over the same period of last year; the net profit attributable to the parent company was -617.48 million, a year-on-year decrease of 125.36%.

The main reasons for the net profit loss are:

1) LED blue-green chip production capacity is rising, resulting in low gross profit margin;

2) The increase in the investment cost of R&D of LED chip projects has led to an increase in management expenses compared with the same period of the previous year;

3) The investment in blue-green projects and the increase in financing lease fees for production equipment have led to an increase in financial expenses compared with the same period of the previous year.

LED blue-green chip capacity release led to revenue growth

In the first half of the year, the company's operating income increased significantly year-on-year, mainly due to the increase in sales of LED blue-green chips, subsidiary supply chain business products and lighting application products.

During the reporting period, due to the popularity of downstream LED energy-saving lighting products, the demand for LED products continued to grow, and the production capacity of the LED industry chain was released. At the same time, the price of LED chips has stabilized, and the prices of individual mainstream models of blue-green optical chips have risen steadily.

In the first half of 2016, the company continued to strengthen the research and development and market expansion of red and yellow LED epitaxial wafers and chips, maintaining the advantages of the red and yellow light field; at the same time, continue to increase the production capacity of blue-green LED epitaxial wafers and chips to meet the growing demand. Market demand.

Product gross profit margin decreased by 17%

In the first half of 2016, the gross profit margin of chips and epitaxial films was 15.89%, which was 17% lower than the gross profit margin of 32.92% in the same period of last year. The main reasons are:

1) In 2016, LED blue-green chip sales revenue increased significantly, and its gross profit margin was lower than that of red and yellow chips, thus lowering the gross profit margin of the overall main business;

2) Blue-green chips have not yet reached full production status, so their fixed costs have a certain impact on product gross profit, but with the continuous increase of blue-green chip production capacity, the gross profit margin of its products has gradually increased.

Semi-annual report "exposure" problem

Among the important accounts payables whose company is over one year old, Beijing Esprit Semiconductor Equipment Co., Ltd. pays about 99.26 million yuan due to the quality of the equipment. After the equipment is repaired, the remaining amount will be paid. Esprit is a domestic manufacturer of MOCVD.

The semi-annual report showed that the company's shareholding company, Aiwei New Energy Technology Nanjing Co., Ltd., had a loss of RMB 5,788,787,540 in the first half of the year. The company's main LED digital drive power, LED lamps and power battery digital control system.

Solder Wire

Solder is an indispensable material for the manufacture of electronic products

Solder Wire,Lead Free Solder Wire,Solid Solder Welding Wire,Solder Tin Wire

Shaoxing Tianlong Tin Materials Co.,Ltd. , https://www.tianlongspray.com