Aoyang Shunchang (002245) released a semi-annual report. In the first half of the year, the company achieved a total operating income of 723 million yuan, down 7.73% over the same period of the previous year; realized operating profit of 120 million yuan, down 12.17% year-on-year; net profit was 110 million yuan, down year on year. 27.49%; net profit attributable to shareholders of listed companies was 89.016 million yuan, down 32.64% over the same period of the previous year.
During the reporting period, although the LED chip market demand continued to grow, the price of LED chips in the first quarter continued the downward trend in the fourth quarter of 2015. Until the second quarter, the overall market began to pick up. The LED chip business was affected by the overall situation of the industry. The year-on-year decline in profitability is more obvious.
Huai'an Optoelectronics achieved operating income of 149 million yuan during the reporting period, and revenue decreased by 37.12% compared with the same period of the previous year; the net profit attributable to shareholders of listed companies was 16.6241 million yuan, accounting for 18.90% of the net profit of listed companies.
According to the letter from Huai'an Qinghe District People's Government on the special subsidy funds for Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., the subsidiary Huai'an Aoyang Shunchang Photoelectric Co., Ltd. received a special subsidy fund of RMB 15 million in 2012. In 2014, the special subsidy fund was 50 million yuan. In 2014, the special subsidy fund was 160 million yuan, and the special income subsidy fund in 2015 was 75 million yuan.
The company is included in the current profit and loss according to the corresponding equipment service life in 10 years. In the current period, it is included in the non-operating income of 14.5 million yuan, accounting for 86.2% of the current LED net profit. The data shows that the company's chip business is still in government subsidies to maintain business.
During the reporting period, the company's LED products gross margin was 10.90%, a decrease of 22.83 percentage points over the same period of the previous year.
In the second quarter, the LED business of the company in the second quarter, after adjusting the product structure and customer structure, in the environment of bottoming out of the market, the production capacity was fully released, and the revenue and gross profit margin increased significantly. It is expected that the LED business will continue to improve in the second half of the year. .
However, the overall profit of the LED business from January to September still fell sharply compared with the same period of last year.
The company's LED epitaxial wafer and chip industrialization project (Phase II) is still under construction. Due to the judgment of the LED market trend in the second half of the year, the company will speed up the construction of the second phase of the project with a slight slowdown, and quickly expand the company's LED. The scale of business capacity will achieve the planning goal of making the LED business bigger and stronger.
It is expected that the new equipment will be gradually put into place at the end of the year, and the production capacity will be gradually released early next year.
Like several other chip-listed companies, Aoyang Shunchang began to deploy from LED chips to the integrated circuit industry.
During the reporting period, the company initiated the establishment of Jiangsu Aoyang Shunchang Integrated Circuit Co., Ltd. to invest in integrated circuit chip projects. The project has entered the civil construction stage after the relevant approval and reporting procedures.
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