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The latest and most complete LED listed company's semi-annual report is here.
Continued the warming market in the first quarter, the LED industry boom continued to rise in the first half of this year. As of July 25, the semi-annual results of more than 20 LED listed companies that have been released in 2017 show that nearly 80% of the companies achieved a net profit increase year-on-year. Among them, Feile Audio realized a net profit of 55,627,700 yuan, a year-on-year increase of 400%. . Continued the warming market in the first quarter, the LED industry boom continued to rise in the first half of this year. As of July 25, the semi-annual results of more than 20 LED listed companies that have been released in 2017 show that nearly 80% of the companies achieved a net profit increase year-on-year. Among them, Feile Audio realized a net profit of 55,627,700 yuan, a year-on-year increase of 400%. . Chip: Evergrande with increased performance Since 2016, with the continuous expansion of small-pitch LED applications and LEDs becoming the mainstream light source for general lighting, the LED industry continues to pick up, and the demand for chips is in short supply, driving the performance to maintain rapid growth. Sanan released the 2017 annual performance report. From January to June 2017, the company achieved operating income of 4.067 billion yuan, a year-on-year increase of 46.37%; net profit of 1.515 billion yuan, an increase of 56.76%. Among them, Q2 realized operating income of approximately 2.077 billion yuan, up 29% year-on-year and 4% quarter-on-quarter; Q2 achieved net profit of 824 million yuan, up 62% year-on-year and 19% quarter-on-quarter. Huacan Optoelectronics' net profit increased by more than 300% compared with the same period of last year, and Ganzhao Optoelectronics also turned a profit. Regarding the reasons for the changes in performance, the performance forecasts of the two companies were mentioned. The LED market was benefiting, the chip production capacity was strong, and the gross profit margin of the products was greatly improved. After several years of market survival and inferiority, most small and medium-sized chip companies have withdrawn from the market due to lack of competitiveness, and the LED chip industry has gradually moved toward oligarchy. From the new capacity situation last year, the new capacity of the LED chip industry mainly comes from large manufacturers. Packaging: expansion of production to seize the new international market is driven by the LED application market, especially the lighting market recovery and strong demand in the niche market. In 2016, China's LED packaging market grew from 64.4 billion yuan in 2015 to 73.7 billion yuan, up 14% year-on-year. . It is estimated that the scale of China's LED packaging market will reach 87 billion yuan in 2017, a year-on-year increase of 16%, and continue to maintain a steady growth trend. Hongli Zhihui, Ruifeng Optoelectronics, and Wanrun Technology all achieved a year-on-year increase in profits. Among them, Ruifeng Optoelectronics' profit increased by 80% to 100% year-on-year. Their explanation of performance changes basically mentioned the pattern and development of LED industry in the first half of the year. The situation is good, driving the company's performance to grow rapidly. Compared with chip companies, domestic packaging companies have occupied a dominant position in the international market. By 2017, four of the world's top ten packaging plants are Chinese companies. For this industry chain development, Chinese packaging companies have more say in the future packaging industry. Obviously, Hongli Zhihui, Mulinsen, Guoxing Optoelectronics and other major packaging companies are also the biggest beneficiaries of this round of tight supply and demand. In the face of rapid expansion of upstream chip companies, packaging companies are responding more quickly. Lighting: Segment market continues to erupt As the LED replacement market accelerates, commercial lighting, landscape lighting, automotive lighting and other market segments continue to break out, and LED lighting listed companies are performing well. The net profit of listed companies including Mingjiahui, Weiwei, Sanxiong Aurora, Guangpu, Tailong Lighting and Feile Audio continued to grow. The global LED lighting industry is accelerating its transfer to China, and domestic lighting companies are accelerating their expansion overseas. Foreign lighting companies are shrinking their fronts. Capital is changing the pattern of the international market, shaping the typical case of Mulinsen's acquisition of Osram's general lighting business and GE Lighting's exit from the Asian market. At this time, the domestic IPO is accelerating. In the first half of 2017, Sanxiong Aurora, Debang Lighting, Guangqi Shares, Overclocking III, Tailong Lighting and Huati Technology were listed on the Main Board. In addition to overclocking three, the other five are based on lighting. Today, there are 15 listed companies in the field of LED lighting, the market competition is becoming increasingly fierce, product profits are increasingly thin, and the concentration of the general lighting market is also increasing. Display: growth is slightly tired. Relative to the general improvement in lighting performance, the growth of LED display companies is slightly weak: Lehman Optoelectronics and Ai Biessen's semi-annual performance forecasts have declined to varying degrees. The semi-annual performance forecast of Liard and Lianguang Optoelectronics has risen sharply. Apart from the sales growth of the main business, both are caused by the M&A business. Lianjian Optoelectronics is an intelligent marketing service group with increasing profitability and service capabilities. As of May 31, 2017, the night travel economic business segment added orders and totaled orders of 1 billion yuan this year, compared with the same period last year. Increase by more than 300%. Next, with the gradual rise of emerging application areas and the shift of the global LED market to China, the domestic LED industry will usher in a new round of rapid growth cycle.