Expand the proportion of LED lighting business beneficial to net profit growth of over 1 times

Seastar recently released the 2014 semi annual report, the first half of this year (1-6 months) achieved operating income of 197 million yuan, down 40.87%; attributable to shareholders of listed companies net profit of 2 million 562 thousand and 700 yuan, an increase of 115.45%; after deducting non recurring profit 2 million 40 thousand yuan, an increase of 112.26%.

Among them, consumer electronics revenue 126 million yuan, down by 57.41%, gross margin of; LED lighting revenue of $62 million 488 thousand and 100, an increase of 68.27%, gross margin of $19.95%.

Since the beginning of the strategic transformation in 2010, the beneficial intent of the layout of the LED lighting business. 2014 beneficial to adjust the business, EMS business to small and beautiful contraction adjustment, LED lighting business revenue expansion.

Indeed, revenues from the accounting point of view, the first half of 2014 beneficial for consumer electronics revenue accounted for 66.79%, LED lighting revenues accounted for 33.21%; while the first half of 2013, beneficial up to LED business revenue accounted for only 11.18%.

In the first half of 2014, beneficial in brand promotion, product development and channel construction and other aspects are mainly around the LED lighting business. Seastar based on LED indoor commercial lighting products rapid development, vigorously develop LED outdoor lighting market, and has achieved success; at the same time in the circulation of products, LED intelligent lighting products also increase development efforts, and strive to occupy a space for one person in the intelligent lighting, lighting design, LED lighting business in the field of high-end.

Seastar is also expected in 2014 1-9 month net profit of 5 million yuan to 10 million yuan, year-on-year losses, mainly due to the company's EMS business customers to optimize the structure, improve profitability; income and profit of the steady growth of LED lighting business, so the company expects 2014 1-9 month profit will maintain growth momentum. (text / China LED network Lurena)

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