LED lighting dress up performance Jiawei shares interim net profit double revenue growth

Jiawei shares August 26th announcement that the first half of 2014 (1-6 months) achieved operating income of 340 million yuan, an increase of 8.12%; attributable to ordinary shareholders of listed companies net profit of 30 million 6 thousand and 600 yuan, an increase of 171.31%, due to the disposal of Wuhan Jiawei investment income; attributable to ordinary shareholders of the listed company after deducting non recurring gains and losses after the net profit of 14 million 618 thousand and 600 yuan, an increase of 42.13%.

Jia Wei shares said that during the reporting period, the company sales income is stable, compared with an increase of nearly 10% over the same period last year. The LED lighting products with its excellent performance and high price, depending on the company in the overseas traditional sales channels first half revenue 85 million 870 thousand and 400 yuan, representing an increase of 123.71%, increase the income of the products is the main reason for driving changes in income.

Jiawei shares in the first half of this year LED business performance remarkable. The LED lawn lamp revenue 196 million yuan, down 4.16%, gross margin of 27.09%, an increase of 0.62%; LED lighting products revenue 85 million 870 thousand and 400 yuan, an increase of 123.71%, gross margin of 25.56%, an increase of 0.25%; other LED products revenue 52 million 718 thousand and 600 yuan, an increase of 2.63%, gross margin of 15.91%, down 1.72%.

In contrast, the dedicated component product revenue 9 million 252 thousand and 800 yuan, down by 43.77%, gross profit margin of 27.76%, down by 0.51%.

Data source: Jiawei shares 2014 Annual Report

This also means that the total revenue of LED products to Jia Wei shares currently accounts for 97.26% of total revenues, PV product revenue accounted for less than 3% of the total revenue. Obviously, Jiawei shares gradually increase LED business layout. Obviously, Jiawei shares gradually increase LED business layout.

In order to quickly enter the domestic lighting market huge market capacity gradually out of a single overseas market, enhance the anti risk ability, Jia Wei shares through foreign investment to 122 million 500 thousand yuan to purchase domestic commercial lighting products lighting companies.

Jia Wei, vice president of R & D shares Song Gang recently while attending a forum said, "in China, Jiawei shares has acquired products to achieve lighting domestic lighting market layout, such as to give full play to the synergy after the merger, Jiawei shares in the LED business is expected to rapidly improve the competitive ability and market share. "(text / China LED network Sophie)

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