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LED company's overall performance in the first quarter is good

Time to enter the second quarter, LED industry company's first quarter results forecast has been disclosed nearly half. According to statistics from flush, 9 of the 20 listed companies in Shenwan LED industry have released their first-quarter results forecast. Among the 9 companies, 6 have pre-increased performance and 2 have pre-decreased performance. Only one company in Dehao Runda has a net profit loss. Among the companies that have disclosed the performance forecast, Hongli Optoelectronics has seen a big increase in the first quarter. The company expects a profit of 14. 52 million to 17. 01 million in the first quarter, up 75 to 8. 3 million from 105 in the same period last year. Hongli Optoelectronics mainly focuses on LED lighting products and automobile lighting products. For the surge in performance, Hongli Optoelectronics said that the demand for LED lighting in the first quarter was good, effectively releasing the company's production capacity, and the company maintained steady growth in its main business. The second largest increase in the first quarter was the Alto Electronics, which is dominated by LED displays. The company expects a first-quarter profit of 1291. 810 thousand yuan 1519. 770 thousand yuan, an increase of 70-100. Last year the same period the company profit 759. RMB 890 thousand. In the first quarter, the company's operating income increased and cost management was strengthened, resulting in a year-on-year increase in earnings. Jufei Optoelectronics, Guoxing Optoelectronics, Liad and Lehman Optoelectronics all achieved different degrees of growth in the first quarter, which also verified the continued prosperity of the LED industry from various angles. Among them, jufei Optoelectronics said that the company's various businesses showed a good development trend in the first quarter: small-sized backlight products continued to maintain rapid growth, and the international market expansion effect appeared; Medium and large-size backlight business is growing rapidly; LED lighting devices have developed well. However, due to fierce competition in the industry, sales growth sometimes does not lead to profit growth. Ruifeng Optoelectronics expects a first-quarter profit of 684. 460 thousand yuan 855. 580 thousand yuan, down 20-0, the company's profit 855 in the same period last year. RMB 580 thousand. In the first quarter, although the company's overall sales have achieved good growth, the growth mainly comes from Lighting LED products, while medium and large size backlight products that contribute a lot to the company's profits have seen a slight decline, as a result, the company's overall profit fell year-on-year. Rectangular lighting [0. 00 Capital Research report] The same is true. In the first quarter, the company's operating income was 175 million yuan-205 million yuan, a year-on-year increase of 28. 6 to 50. 64, net profit 8 million-11 million yuan, up-22. 45 to 6. 63, increasing income is difficult to increase profits. In the case of good industry prosperity last year and the first quarter, Dehao Runda's losses appeared to be more attractive. The LED transformation road of Dehao Runda, which was originally mainly engaged in small household appliances, began in 2009. At that time, Dehao Runda entered the LED industry through acquisition, intending to build the LED business into a new profit growth point. In the past six years, Dehao Runda has completed the vertical integration of LED chips, packaging and applications, with 92 MOCVD units, ranking second in scale in China, but its LED business development is not satisfactory. Following the loss of 4090 in fourth quarter of 2013. After 260 thousand yuan, Dehao Runda expects a loss of about 20 million yuan in the third quarter of 2014-Between 40 million yuan. Not only is the gross profit of the company's products declining, but the interest paid by bank loans, corporate bonds, etc. , has also seriously swallowed the profits of the company.

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