3Q18 performance list adds four other countries, such as state starlight and debong lighting. How are they performing?

Yesterday (24) evening, the LED circle three quarterly report card added four new businesses, namely, DPRK lighting, Guoxing photoelectric, poly photoelectric and Fuzhou electronics.

De Bang lighting achieved 2864409878.77 yuan in the first three quarters of 2018, down 5.90% from the same period last year, and realized net profit of 209010463.02 yuan attributable to shareholders of listed companies, an increase of 23.03% over the same period last year.

3Q18 achieved revenue of 1011738262.35 yuan, an increase of 2.67% over the same period last year, and realized a net profit of 158322802.57 yuan attributable to shareholders of listed companies, an increase of 51.21% over the same period last year. Accumulated revenue in the first three quarters of the year was 2796079978.89 yuan, an increase of 8.27% over the same period last year. The total net profit attributable to shareholders of listed companies increased by 383475199.72 yuan, up 48.40% over the same period last year, mainly due to the expansion of business scale, increased sales revenue, increased revenue structure, increased gross margin and the cost of effective management and control.

In addition, Guoxing photoelectric expects to achieve net profit of 403 million 960 thousand and 700 to 538 million 700 thousand and 900 yuan attributable to shareholders of Listed Companies in 2018, an increase of 20% to 50% over the same period last year. The performance change is mainly due to the expansion of the main business scale and the optimization of the operating revenue structure.

Ju can photoelectric 3Q18 achieved revenue of 108636940.94 yuan, down 34.81% compared to the same period last year. Net profit attributable to shareholders of listed companies was 70342636.15 yuan, down 289.93% compared to the same period last year. Accumulated revenue in the first three quarters of the year was 378827458.99 yuan, down 20.26% from the same period last year. The net profit loss attributable to shareholders of listed companies was 82749200.30 yuan, down 189.17% from the same period last year.

The report shows that the company expects that the cumulative net profit from the beginning of the next reporting period will be a loss. The main reason is: by the development of industry and the aggravation of market competition, the adjustment of the price of the products has led to a decline in gross profit margin and a significant decrease in gross profit. Secondly, with the development of business (mainly for the construction and operation of Suqian subsidiaries), the number of company managers has increased, and the management cost has increased significantly. In addition, in order to supplement the lack of working capital (mainly for the large-scale construction needs of Suqian subsidiaries), the company increased the amount of debt financing, resulting in increased interest expenses. Meanwhile, the exchange losses increased as compared with the same period last year due to exchange rate fluctuations. In addition, the production integration of Suzhou factories and Suqian subsidiaries was completed as soon as possible. In order to maximize the cost savings effect of the scale, during the reporting period, the company started the relocation of the machinery and equipment in the Suzhou plant to the Suqian plant area while the infrastructure of the Suqian subsidiary was built. The original capacity of the Suzhou plant was directly reduced to zero, resulting in a great impact on the production capacity during the reporting period.

Fu day electronics achieved revenue of 7330610410.85 yuan in the first three quarters of 2018, an increase of 21.25% over the same period last year. The net profit attributable to shareholders of listed companies was 19775467.85 yuan, down 63.38% from the same period last year, mainly due to the decrease in gross profit margin and the increase in costs during the current period.

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