23 LED companies released their “report cards” for the first quarter, showing both joy and sorrow in the upstream, midstream and downstream industries

To look at the market situation at the beginning of the new year, in addition to always paying attention to industry trends and the actions of big players, the most essential thing is the first quarter report of listed companies. Looking at the performance of various companies in the first quarter, we can get a rough idea of ​​what the overall market will be like in 2015.

The editor counted the first quarter reports of 23 LED listed companies and found that 15 companies achieved net profit growth, accounting for 65.22%, and 13 companies achieved both revenue and profit growth, accounting for 56.52%. Let us take a closer look at the specific performance of each company.

Upstream: Worrying prospects? Net profits of more than half of companies have plummeted

The overall situation of upstream epitaxial chips is not optimistic. Three of the five companies saw a sharp decline in net profit, including Dehao, Qianzhao and Huacan. Among them, Dehao achieved revenue of 814 million yuan, but its net profit suffered a huge loss of 93.29 million yuan; although Huacan Optoelectronics’ revenue increased by 56.79% year-on-year to 171 million yuan, its net profit dropped by 196.73%, resulting in a loss of 1406.8 yuan. 10,000 yuan; Qianzhao Optoelectronics has seen its net profit decline for two consecutive years, and this time its net profit has also dropped by 70%. Its revenue of 88.04 million yuan only contributed a net profit of 4.5957 million yuan, making it the only company among the five chip companies to have both revenue and net profit decline.

Only Sanan Optoelectronics is firmly on the top of Mount Tai. In the first quarter, Sanan Optoelectronics achieved revenue of 927 million yuan, a year-on-year increase of 12.65%; net profit was 354 million yuan, a year-on-year increase of 55.39%; net profit after non-exclusion was 227 million yuan, a year-on-year increase of 68.46%.

Aoyang Shunchang, a cross-border company, also performed very well. Due to the increased contribution of its LED business, its net profit in the first quarter increased by 60% year-on-year to 51.63 million yuan, achieving revenue of 363 million yuan, a year-on-year increase of 8.86%.

Midstream: Overall, most companies have increased revenue and profits

Compared with the situation in the upstream chip field, the performance of midstream packaging companies seems to be much more optimistic. Five of the seven packaging companies saw a year-on-year increase in net profit, while only two companies, Changfang and Wanrun, saw a decrease in net profit.

Judging from the growth rate alone, packaging giant Hongli Optoelectronics became the biggest winner of the "race this season", with net profit increasing by 90% year-on-year to 27.27 million yuan, and revenue of 288 million yuan, a year-on-year increase of 62.45%. Nationstar Optoelectronics also performed very well, with net profit increasing by nearly 40% year-on-year to 34.5378 million yuan, and revenue increasing by 60% year-on-year to 389 million yuan. The biggest stall is Mulinsen, which just successfully IPOed this year. Its revenue in the first quarter was 750 million yuan, a year-on-year increase of 15.49%, and its net profit increased slightly by 2.42% to 92.29 million yuan.