On the evening of the 25th, Changfang Lighting released the 2014 semi-annual report. The company achieved operating income of 456 million yuan in the first half of this year (June-June), a year-on-year increase of 25.45; net profit of 32.577 million yuan, an increase of 1.61. LED revenue was 27.5565 million yuan, down 50.47 year-on-year; SMD LED (including high power) revenue was 372 million yuan, up 89.36 year-on-year; application product revenue was 35.146 million yuan, down 63.11 year-on-year; packaged product revenue For the period of 11.9382 million yuan, an increase of 100%. The performance of lighting products is behind the growth of net income. It hides the fact that the application revenue of Changfang Lighting in the first half of the year was 35,146,600 yuan, down 63.11. In the first half of 2013, the revenue of application products of Changfang Lighting was 95.282 million yuan, a year-on-year increase of 29.05. In 2013, the revenue of application products of Changfang Lighting was 159 million yuan, a year-on-year increase of 26.08. In the first half of this year, the proportion of applied products in the first half of this year was only 7.86, and this figure was 27.42 in the same period of last year. This is far from worrying, the application of rectangular lighting products. Operating income was 35,146,600 yuan, operating cost was 3,456,900 yuan, gross profit margin was only 1.66, down 27.39 year-on-year. It can be said that Changfang Lighting earned money in the application of products, and the first half of this year was not the silver of white flowers. . The performance of lighting products has been slashed, which is not a small matter for the long-party lighting. After all, whether it is from multi-brand strategy to the development of a unified rectangular LED lighting brand, or to expand efforts to expand channels, the long-term lighting hopes Lighting applications have an absolute advantage. Therefore, Changfang Lighting took the road of mergers and acquisitions and planned to acquire the equity of Kang Mingsheng 60 by means of cash and issue of shares. Kang Mingsheng specializes in the R&D, production and sales of LED mobile lighting application products. It is a downstream enterprise of the LED lighting source device business of Changfang Lighting. The performance of supporting industry shows that the main business of Changfang Lighting is still packaged. The proportion of product revenue including SMD LED and in-line LED accounted for 89.46. Among them, SMD LED (including high power) The revenue was 372 million yuan, a year-on-year increase of 89.36; gross profit margin was 26.49, an increase of 2.88. The in-line LED revenue was 27.5565 million yuan, a year-on-year decrease of 50.47; gross profit margin was -7.76, down 18.80. Look, especially the lighting products have no need for in-line LEDs, giving up the in-line product LED should be the general trend. It is worth noting that the packaged accessory products have been pulled up by the long-party lighting to become the company's new profit growth point. According to Changfang Lighting, some of the packaged products are used by themselves, which reduces the production cost and improves profits for the company. It is understood that the packaged products of Changfang Lighting are mainly SMD brackets. In the first half of this year, the revenue of the packaged products of the rectangular lighting package was 11.9382 million yuan, and the gross profit margin was 29.34. In January this year, Changfang Lighting received an investor survey and said that the company was in 2013. The stent was put into production. The stent production in January was about 2500 kk/month, and the production capacity was about 3000 kk/month. Some of the stent products have already been sold separately. At the same time, Changfang Lighting further expanded the packaged products on the basis of the original white light package. During the reporting period, the company's RGB light source and backlight have been trial-produced, and some RGB light sources have been mass-produced and sold, which has become the company's new profit growth point. .
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