Time to enter the second quarter, LED industry company's first quarter results forecast has been disclosed nearly half. According to statistics of the same flush, nine of the 20 listed companies in the Shenwan LED industry have released their first-quarter results. Among the 9 companies, 6 have pre-increased their performance, and 2 have pre-decreased their performance. Only one company of Dehao Runda has a net profit loss.
Among the companies that disclosed the performance forecast, the biggest increase in the first quarter was Hongli Optoelectronics. The company's first-quarter profit is expected to be between 14.52 million and 17.01 million, compared with 8.3 million in the same period last year, a 75-105 year-on-year increase.
Hongli Optoelectronics mainly focuses on LED lighting products and automotive 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-quarter performance increase was ranked by Alto Electronics, which is dominated by LED displays. The company expects a profit of 12.9181 million yuan in the first quarter of 15.19.77 million yuan, an increase of 70-100 over the same period of the previous year. The company's profit in the same period last year was 7,598,900 yuan. In the first quarter, the company's operating income increased and the cost management was strengthened, resulting in a year-on-year increase in profit.
Jufei Optoelectronics, Guoxing Optoelectronics, Liard and Lehman Optoelectronics all achieved different levels of growth in the first quarter, and verified the continued prosperity of the LED industry from various angles. Among them, Jufei Optoelectronics said that in the first quarter, the company's various businesses showed a good development trend: small-size backlight products continued to grow rapidly, and the international market expansion effect appeared; medium and large-size backlight business grew rapidly; LED lighting device business developed well.
However, due to fierce competition in the industry, sales growth sometimes does not lead to profit growth. Ruifeng Optoelectronics expects a profit of 6,846,600 yuan in the first quarter of 8,558,800 yuan, a year-on-year decrease of 20-0, and the company's profit in the same period last year was 8,558,800 yuan. Although the company's overall sales in the first quarter achieved good growth, the growth was mainly due to the lighting LED products, while the large and medium-sized backlight products that contributed a lot to the company's profits showed a slight decline, resulting in a year-on-year decline in the company's overall profit. The same is true for Changfang Lighting [0.00 Fund Research Report]. In the first quarter, the company's operating income was 175 million yuan to 205 million yuan, a year-on-year increase of 28.6 to 50.64, and net profit of 8 million to 11 million yuan, an increase of -22.45 to 6.63 year-on-year. The phenomenon of profit is obvious.
In the case of a good business climate last year and the first quarter, Dehao Runda’s losses appeared to be more attractive. The original LED transformation of Dehao Runda, which was originally engaged in small household appliances, began in 2009. When Dehao Runda entered the LED industry through acquisition, it intends 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 chip, packaging and application. It has 92 MOCVDs, ranking second in China, but its LED business development is not satisfactory. After the loss of 40.902 million yuan in the fourth quarter of 2013, Dehao Runda's estimated loss in the first quarter of 2014 was between 20 million yuan and 40 million yuan. Not only the company's product gross profit decline, bank loans, corporate bonds and other interest, but also seriously engulfed the company's profits.