Six companies in the LED industry disclose their performance in 2014

Dehao Runda achieved a net profit of 13.74 million yuan in 2014

Dehao Runda released a 2014 annual performance report. The company achieved operating income of 4.165 billion yuan in 2014, a year-on-year increase of 33.07%; it achieved a net profit attributable to shareholders of listed companies of 13.7448 million yuan, a year-on-year increase of 112.04%.

Dehao Runda stated that the company’s revenue growth was mainly due to the company’s small home appliance business increasing by approximately 20% over the previous year during the reporting period, and LED product operating income increasing by approximately 47% over the previous year.

Mulinsen’s revenue in 2014 exceeded 4 billion yuan

Mulinsen released its 2014 performance report on the evening of the 27th. The company achieved operating income of 4.002 billion yuan in 2014, an increase of 39.25% over the same period last year; net profit attributable to shareholders of listed companies was 435 million yuan, an increase of 0.50% over the same period last year.

Mu Linsen said that the LED industry is an emerging sunrise industry, and market demand is rising. At the same time, the company has further increased its investment in internationally advanced, fully automated manufacturing equipment. The production capacity and output of the company's main products have continued to increase. The product cost advantages brought by large-scale production have continuously strengthened the market competitiveness of the company's LED packaging products.

In addition, Mulinsen said that the main reason why the company increased revenue but did not increase profits in 2014 was that the company continued to increase its efforts to expand LED lighting in 2014. The sales staff salary, advertising investment, and exhibition sales expenses of LED lighting increased significantly, swallowing up part of the profits for the current period. At the same time, due to the low threshold and fierce competition in the lighting fixtures market, the company, as a new entrant in the market, needs to continuously improve its production technology, the advantages of scale have not yet emerged, and labor costs and manufacturing expenses remain high. Therefore, the gross profit margin of lighting fixtures is low, which lowers the company's comprehensive gross profit margin. Secondly, since the second half of 2014, competition in the SMD product market has intensified, and sales prices and gross profit margins have declined, which has thinned the current profit level.

Ledman Optoelectronics’ net profit in 2014 exceeded 27 million, a year-on-year increase of 55.48%

On the morning of the 28th, Ledman Optoelectronics released its 2014 annual business results According to the performance report, the company achieved total operating income of 405 million yuan in 2014, a year-on-year increase of 15.62%; it achieved a net profit attributable to shareholders of listed companies of 27.1012 million yuan, an increase of 55.48% over the same period last year.

Lehman Optoelectronics stated that the main reason for the increase in total operating income was that during the reporting period, the company and its acquired subsidiaries successfully developed the market, and the acquired subsidiaries also began to be included in the consolidated statements. As the construction of the new EMC contract energy management project was completed during the reporting period but the acceptance was delayed, and the company increased its investment in the sports industry and provided LED displays for the Chinese Football Club, the related project upfront costs and asset costs were included in the current profit and loss, which had a greater impact on the net profit.

Turn losses into profits, Huacan Optoelectronics’ 2014 revenue and net profit surged

Huacan Optoelectronics released its 2014 annual performance report on the evening of the 27th. During the reporting period, the company achieved operating income of 706 million yuan, an increase of 123.30% over the same period last year; net profit attributable to shareholders of listed companies was 90.9061 million yuan, an increase of 1155.01% over the same period last year.

Huacan Optoelectronics stated that the reason for the company's surge in performance is that the market demand for LED chips is driven by lighting applications. It has generally maintained a good growth momentum, and the downward trend in product prices is basically stable. At the same time, as the first phase of the construction project of the Suzhou subsidiary is gradually put into production, the company's production capacity has been significantly improved. During the reporting period, the company's sales revenue and profitability increased significantly compared with the same period last year. The product reputation in the lighting market has been initially established, the products have achieved large-scale export sales, and the company has turned losses into profits.

Qianzhao Optoelectronics' revenue and net profit both declined in 2014

Qianzhao Optoelectronics released its 2014 performance forecast on the evening of the 27th. The company achieved total operating income of 429 million yuan in 2014, a decrease of 10.63% from the same period last year; it achieved a net profit of 57.4411 million yuan attributable to shareholders of listed companies, a decrease of 45.54% from the same period last year.

Qianzhao Optoelectronics stated that during the reporting period, the company’s operating profit, total profit and net profit attributable to shareholders of listed companies decreased compared with the same period last year. The main reasons were: during the reporting period, the company’s new blue-green LED and other project preparation expenses increased; the company’s new land factory buildings were put into use, depreciation, Expenses increased; the company increased its market expansion efforts in new businesses such as contract energy management and LED lighting, and increased investment in research and development projects, resulting in increased expenses; the decrease in investment income and increase in asset impairment losses due to the decrease in funds and poor returns on external investments, as well as the increase in asset impairment losses this time, were mainly due to the provision for external long-term equity investments.

In 2014, sales did not meet expectations and Qinshang Optoelectronics suffered from "multiple declines"

Qinshang Optoelectronics achieved total operating income of 927 million yuan in 2014, a decrease of 18.73% over the same period last year; the net profit attributable to shareholders of listed companies was 25.3702 million yuan, a decrease of 75.60% over the same period last year.

Qinshang Optoelectronics stated that the main reasons for the decline in the company's performance were: due to the impact of the macro economy and further intensified competition in the LED market, the company's orders in 2014 were less than expected, and the company's full-year sales in 2014 fell short of expectations; the company's research and development expenses increased during the reporting period; the company's provision for inventory depreciation increased during the reporting period; the company's joint venture losses increased than expected; the construction progress of some of the company's 2014 projects was slower than expected, resulting in a decrease in revenue recognized during the reporting period.