Hongli Optoelectronics doubled its net profit in the third quarter to create LED+ internet finance + car networking platform
[Text / high-tech LED Yue Mengdi] On the evening of October 26, Hongli Optoelectronics (300219.SZ) released the third quarterly report. The report shows that the company's third quarter operating income reached 441 million yuan, an increase of 69.16% over the same period of the previous year, net profit of 46.233 million yuan, an increase of 98.15%. From January to September 2015, the operating income was 1.135 billion yuan, a year-on-year increase of 65.24%, and the net profit reached 103 million yuan, a year-on-year increase of 88.23%.
The third quarterly report attributed the increase in performance to the following two points: First, since 2015, LED lighting market demand is good, the company has expanded the scale of LED packaging production capacity, and increased market expansion, prompting the company to effectively release production capacity. It has maintained steady growth in its main business. Second, the subsidiaries acquired in 2014 contributed some of the results, which led to a significant increase in the company's operating income and net profit.
"We still plan to expand production." Wang Gaoyang, marketing director of Hongli Optoelectronics, once told Gaogong LED that the existing production line of SMD LED can no longer meet the needs of the company's rapid growth in the future. Hongli Optoelectronics' investment expansion project in Nanchang, Jiangxi is to expand production scale, ease production pressure and reduce production costs. On October 16, Hongli Optoelectronics issued a feasibility report on the scale of the business to raise funds.
However, this year, the price of packaged devices has fallen sharply, and the situation of no increase in profits has intensified. Hongli Optoelectronics maintains a relatively stable gross profit margin through scale and technological innovation. At the same time, it has accelerated the layout of high-margin segmentation such as UV, flip-chip and automotive lighting.
While ensuring the continued healthy development of the main business of LED packaging, Hongli Optoelectronics is also actively expanding the extension industry and vehicle networking, with a view to establishing an ecological platform for LED main business + Internet finance + vehicle networking.
Around this clear strategy, Hongli Optoelectronics has steadily advanced in tactics.
Invested in Liangyou Hardware, Zhongyinggongyuan, Smide, etc. to reinforce LED related business; acquired NetLibao and entered Internet finance; acquired Foda Lighting, participated in Dina Technology and Zhuhang School Bus successfully entered the car networking industry.
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