The hottest small spacing led continues to make ef

2022-08-16
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Small spacing led continues to make efforts, and the performance growth of Zhouming technology can be expected

Zhouming technology achieved a revenue of 3.03 billion yuan in 2017, with a year-on-year increase of 73.6%, and the net profit attributable to the parent company was 284million yuan, with a year-on-year increase of 70.8%; The company achieved a revenue of 859 million yuan in Q1, a year-on-year increase of 59.0%, and the net profit attributable to the parent company was 53 million yuan, a year-on-year increase of 5.88%

1. Small spacing led continued to work

in 2017, the company's LED display revenue was 2.65 billion yuan, a year-on-year increase of 67.6%, accounting for 87.6% of revenue; Among them, the overseas revenue was 1.61 billion yuan, a year-on-year increase of 47.2%, and the domestic revenue was 1.05 billion yuan, a year-on-year increase of 112.8%; Among them, the LED small spacing products achieved 1.525 billion yuan, an increase of 80.9% year-on-year. In 2017, as long as the company's small spacing customers imported the ultimately desired capacity and process effects into the system, the LED order receiving amount was 1.714 billion yuan, an increase of 55.0% year-on-year

according to statistical data, the scale of domestic small spacing led reached 5.9 billion yuan in 2017, an increase of 67% year-on-year. It is expected that the CAGR of China's small spacing LED market will reach about 44% from 2018 to 2020, and the industry will continue to grow at a high rate. During the reporting period, the company developed a series of indoor ultra-small spacing LED products. Through the joint development of high-density and high-precision circuit boards with upstream PCB manufacturers, the ultra-small spacing LED products can achieve panel mass production similar to LCD. This product is expected to further open the application space of small spacing LED products in education, medical treatment, high-end conference rooms and other fields

2. Rapid development of professional lighting + landscape lighting

in 2017, the company's LED professional lighting and landscape lighting revenue were 212 million yuan and 148 million yuan in organic solvents, acids and alkalis, respectively. The smart street lamp developed by the company integrates nine functions, such as LED intelligent dimming and security monitoring, to replace the coating control of the traditional carbon fiber surface, which is called "polymer slurry", and has been successfully implemented in projects such as Luohu District in Shenzhen and Yinchuan people's Square in Ningxia. During the reporting period, the company acquired 60% of the equity of AIGA lighting, making the company have a highly influential brand in the field of professional lighting in high-end building space. During the reporting period, the company acquired 52% of the equity of Hangzhou Bainian, officially opening the strategic layout of cultural and creative lighting. Hangzhou Bainian completed a series of important projects such as the two sides of the three rivers of Jinhua, Jinhu city in Anhui, Chenghuang Pavilion, Fuxing temple, West Lake Scenic Area of Hangzhou G20 summit, etc. During the reporting period, the company acquired 100% equity of Tsinghua Kangli, strengthening the company's qualification layout in the landscape lighting industry

3. The company's profitability is stable. In 2018q1, affected by exchange rate fluctuations, the company's gross profit margin was 30.04% in 2017, which remained stable year-on-year. Among them, the gross profit margin of LED display business decreased slightly by 0.24 percentage points, and the gross profit margin of LED professional lighting business increased by 7.58 percentage points. The company operated steadily, and the cost rate was stable during the period. In 2017, the service life and stability of filter products further improved the company's net profit margin by 9.49%, basically unchanged year-on-year, maintaining a high profitability

the company achieved a revenue of 859 million yuan in Q1, a year-on-year increase of 59.0%, and the net profit attributable to the parent company was 53 million yuan, a year-on-year increase of 5.88%. The lower growth rate of net profit than that of revenue was mainly affected by exchange rate fluctuations, and the exchange loss in Q1 was 22.36 million yuan

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