Packaging factory before the three quarter net profit increase of 50%. A little competition Hongli drop

Honglitronic before the three quarter net profit by 50%

Honglitronic (300219) October 26th three quarterly report released late 2014. The report shows that in 2014 1-9 months, the company achieved operating income of 686 million 612 thousand and 100 yuan, representing year-on-year growth of 39.46%; attributable to ordinary shareholders of listed companies net profit of 54 million 862 thousand and 500 yuan, up 50.29% over the previous year.

Honglitronic said, Future Ltd LED packaging business will increase the manufacturer class customers turn to LED lighting on the traditional lighting development efforts, to seek cooperation with international manufacturers opportunities; the application of LED products business, mainly to undertake the project the way to open up the domestic market, at the same time, increase the foreign market, especially in emerging market development efforts and, for LED lighting business opportunities for cooperation with international companies. At the same time, the company will continue to focus on long-term strategic objectives, in the maintenance of the original international and domestic LED lighting market share at the same time, through mergers and acquisitions and corporate complementary counterparts as well as lower quality LED segments of the enterprise to complete the integration of the LED industry chain, in order to enhance the company's business scale and market share, build a new profit growth for the company.

Intense price competition in the first three quarters of net profit fell by 8%

Rectangular lighting before 2014 three quarter report shows that the first three quarters of 2014, the company achieved total revenue of 679527538.89 yuan, 559805278.07 yuan year-on-year growth of 21.39%; operating profit of 41418740.23 yuan, 38841097.31 yuan more than the same period last year growth of 6.64%, net profit attributable to shareholders of listed companies 38281788.56 yuan, 41789057.18 yuan more than the same period last year growth of -8.39%.

Rectangular lighting said, during the reporting period, the LED industry as a whole for the better, the product demand continued heavy volume, the company seize this opportunity, a competitive advantage in the field of LED, continuous technological innovation, developed a series of cost-effective and competitive products, the products yield rapid growth in sales, market share further to expand; at the same time, the increasingly fierce market competition, the main product price decline, gross margin decreased.

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