Jufei Optoelectronics' large-size LED backlight revenue increased by 240% year-on-year

In the first half of 2013, Jufei Optoelectronics realized operating income of 319 million yuan, a year-on-year increase of 52.54%; realized operating profit of 67.22 million yuan, an increase of 27.53%; realized net profit attributable to owners of the parent company of 61.26 million yuan, an increase of 34.19%; Earnings per share was 0.28 yuan.

From a single quarter, in the second quarter of 2013, the company achieved operating income of 181 million yuan, an increase of 61.11%; realized operating profit of 33.01 million yuan, an increase of 36.74%; realized net profit attributable to owners of the parent company 32.2 million yuan, a year-on-year increase 51.32%; basic earnings per share is 0.15 yuan / share.

During the reporting period, on the one hand, the company's main product backlight devices benefited from the high growth of domestic smart phones and tablet PCs, the increase in the proportion of LCD TV manufacturers' localized purchases of LED backlights and the brightening of the LED lighting market, and achieved product sales of 1,851.56. KK, a year-on-year increase of 70.98%, on the other hand, through continuous innovation and lean management of technology, the company continuously improved production efficiency and achieved rapid growth in operating income and net profit.

In terms of business, the company's back-lit LED devices achieved sales revenue of RMB 266.8 million, a year-on-year increase of 57.3%. The first reason was that the domestic mobile phone shipments increased due to the increasing market share of domestic smartphones, and the screen of a single mobile phone became larger. The increase in resolution has led to an increase in the number of lamps used in a single unit, and the increase in sales of tablet PCs (its thinner and lighter determines the size of the devices used). The market demand for small-sized backlights has grown rapidly. The company’s small-size backlight products have achieved sales revenue of 211.74 million yuan. Among them, the super-bright series of products with strong competitiveness achieved sales income of RMB 171.61 million, an increase of 101% year-on-year, and the proportion of revenue increased to 53.74%. At the same time, the company's market share in the small-size backlight LED field has completely surpassed the Korean and Taiwanese manufacturers, and its leading position in the industry has been further strengthened, and it has begun to be recognized and applied by customers in Taiwan, South Korea and other markets.

Second, with the increase in the proportion of LED LCD TV large-size backlight module procurement, the company's products further cut into the first-line LCD TV manufacturers with the advantage of cost performance. During the reporting period, the company's medium and large-size backlight LED products realized sales revenue of RMB 55.06 million. , a year-on-year increase of 240%.

In addition to the encouraging growth of backlight business, during the reporting period, the company actively explored the market, and LED lighting devices achieved sales revenue of 43.9 million yuan, a year-on-year increase of 42%.

During the reporting period, the company actively developed new products. The high-power LED devices in the new resin stents developed are suitable for both backlight and general-purpose lighting. The cost of a single LED is 40% lower than that of ceramic LEDs, and the luminous efficiency is high. More than %, it has been highly recognized by customers, and the company will also mass produce a number of super bright side lighting products.

The overall gross profit margin has declined. From January to June 2013, the company's comprehensive gross profit margin was 30.95%, down 3.98 percentage points year-on-year; from a single quarter, the company's comprehensive gross profit margin was 29.57% in the second quarter of 2013, down 2.89 percentage points year-on-year, the decline in gross profit margin Mainly due to the company's LED lighting equipment due to fierce market competition, the gross profit margin decreased year-on-year. At the same time, compared with the company's traditional high-margin small-sized backlight devices, the structural change caused by the increase in the proportion of large-size backlight devices with slightly lower gross margin is also the company. Another factor in the decline in gross profit margin.

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