2017-08-28 10:29 Source: GaogongLED
Huacan Optoelectronics (300323) achieved operating income of 1.193 billion yuan in the first half of 2017, an increase of 94.64% over the same period of the previous year; attributable to shareholders of listed companies The net profit after deducting non-recurring gains and losses was 127 million yuan, an increase of 474.28% over the same period of the previous year.
August 24th, HC Semitek( 300323) released the performance report for the first half of 2017. During the reporting period, the company achieved operating income of 1.193 billion yuan, an increase of 94.64% over the same period of the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 127 million yuan, compared with The same period last year increased by 474.28%.
In the first half of this year, LED ChipThe demand is relatively strong, the price is stable and rising, and the industry is concentrated The speed of improvement is accelerating, customer resources and orders are concentrated to high-quality large-scale leading enterprises, coupled with the expansion of overseas markets, the company's market share and profitability continue to increase.
HC Semitek's production lines of all products maintain full utilization rates, and products are in short supply. According to the market situation, speed up the increase of new production capacity and Released, the production and sales volume increased significantly compared with the same period of last year, which increased the company's production capacity and supply capacity. The sales volume of LED chip products increased compared with the previous year. In the case of a higher rate, the average cost of unit products was further reduced, and the company's gross profit margin reached 33.72%, a significant increase over the same period of the previous year. The operating profit was 146 million yuan, an increase of 601.08% over the same period last year. The increase in revenue and gross profit margin made the company's performance in the reporting period improve significantly year-on-year, which became the main reason for the company's significant year-on-year increase in profit in the first half of the year.
Based on the acquisition of Ayanite in 2016, the performance of Ayanite has grown well, which has further improved the company's overall profit level. At the same time, the production efficiency and product performance of epitaxial wafers were further improved, and export revenue increased by 40.96% over the previous year.
Actively promote the expansion of production capacity and the construction of investment projects for the construction and expansion of new factories, and continuously expand the dominant position in the market.
In the first half of 2017, the demand for LED chips was strong, and the equipment was in full production and still in short supply. Huacan Optoelectronics communicated with equipment manufacturers to speed up the delivery of equipment for installation, commissioning and production as soon as possible to meet customer needs as much as possible. Starting from February, the expansion of blue-green and red-light projects in the Suzhou subsidiary has been accelerated, and the equipment renovation and upgrading in Wuhan has been completed, further improving the production efficiency of the equipment, achieving a larger-scale effective output target, and meeting the rapidly growing market demand. The Zhejiang subsidiary was also successfully completed at the end of June 2017 and officially put into production in July 2017. Production capacity will be gradually released in Q3, and economies of scale can be expected. The company's sapphire substrates benefited from the synergistic benefits of mergers and acquisitions, accelerated the expansion of production capacity, and significantly increased the scale of production and sales, maintaining a leading position in the industry.
With the continuous expansion of production capacity in the second half of 2017, the production capacity is expected to reach 1.6 million pieces/month by the end of the year. The company will stabilize the second position in domestic scale. Due to the concentration of the industrial chain and the market "bigger Evergrande", the follow-up development can be expected, and the scale and cost advantages and technological advantages will be more obvious.
Build a healthy supply chain and achieve a win-win situation for both supply and demand.
HC Semitek's overseas market business continues to grow steadily, overseas foundry and high-end epitaxial wafer sales in the Korean market continue to increase, covering high-quality overseas Customers, the company's competitiveness and brand influence in overseas markets have improved. During the reporting period, the company focused on developing collaborative relationships with major customers, signed strategic cooperation agreements with core customers, and improved the level of professional services for major customers. With the concentration of high-quality customers in the industry, the speed of customer payment has also been greatly improved.
At present, HC Semitek has become the mainstream in China LED packageAnd the main LED chip supplier of application companies, the long-term and stable cooperative relationship with major customers will help the company to fully share the broad market of LED downstream applications and promote the rapid growth of the company's business.
HC Semitek has always used “ The best LED products, to be the best LED company" is the business purpose, especially focusing on the strategic win-win situation with downstream customers, and the company's products are increasingly widely recognized by downstream packaging and application customers.
In addition, through strategic mergers and acquisitions, HC Semitek makes Azurite's sapphire substrates part of the internal supply chain and gradually integrated into the company The corporate culture helps HC Semitek's business development; at the same time, taking advantage of the company's rapidly growing procurement scale advantages, the bargaining power of raw material procurement has been significantly improved, and the procurement cost has been significantly reduced. The advantage of large-scale procurement promotes strong market bargaining power and can reduce product costs through mass production.
Continue to consolidate internal basic skills and enhance competitiveness.
By continuously improving the production process management level, the goal of improving production efficiency and product yield is achieved. During the reporting period, the luminous efficacy of the products continued to improve. Among them, the brightness performance of green and red chips, White Lighting a>Competitive advantages of chips are significant; flip-chip products have been launched smoothly and have achieved stable mass production; quality management has continued to improve, epitaxy and chip yield have improved significantly, and external customer complaints have dropped significantly. Due to the refinement of cost management, the scale effect brought about by expansion, and the advancement of epitaxy and chip technology, the cost has dropped significantly.
Actively carry out strategic M&A expansion through the capital market to further improve the industry status.
During the reporting period, Huacan Optoelectronics actively promoted the acquisition of MEMSIC Semiconductor Co., Ltd. The fierce competition in the industry promotes the critical period of large-scale mergers and acquisitions. The company will actively seek various strategic expansion opportunities to achieve healthy development, and lay a foundation for further improving the company's position in the global industry.
On the same day, Huacan Optoelectronics released the performance forecast for the first three quarters of 2017, and the company is expected to be listed on the market from January to September 2017 The net profit of the company's shareholders was 338 million to 381 million, a year-on-year change of 140.00% to 170.00%.
HC Semitek makes the above prediction based on the following reasons:
1. Compared with the same period last year, the production and sales of the company's chip products have increased significantly due to the large increase in the company's LED chip production capacity. large;
2. Under the scale effect, the company's chip cost has been further reduced, and the company's customer structure has further gathered high-quality customers, making Gross profit margin maintained a good level.
