Sunshine interim net profit increased 35% LED business revenue of $648 million

The evening of August 18th, Yankon released the 2014 semi annual report, the first half the company achieved operating income of 1 billion 524 million yuan, an increase of 4.07%, attributable to shareholders of listed companies net profit of 135 million yuan, an increase of 35.05%.

The integration of the electronic energy-saving lamps operating income was 632 million yuan, down 17.66%, gross margin was 20.5%, an increase of 4%; LED lighting product revenue was 648 million yuan, an increase of 60.23%, gross margin was 25.04%, an increase of 2.29%; T5 high power fluorescent lamps and fittings revenue for 137 million yuan, up 24.77% decline, gross margin was 23.35%, an increase of 5.71%; the special lighting revenues of 69 million 198 thousand and 900 yuan, down 20.94%, gross margin was 24.29%, an increase of 0.49%.

LED business income 648 million yuan

Affected by the rapid shift of the overall lighting market LED, the company's energy-saving lamp business has declined significantly, due to the growth rate of LED business is higher than the industry average, the overall business to achieve a slight growth. During the reporting period, LED business income 648 million yuan, accounting for 42% of revenue, in addition to the LED light source products to maintain rapid growth, the development of LED lighting business has made good progress, the proportion of LED lighting products business in more than 30%. In the future, the trend of integration of light sources and lamps is becoming more and more obvious.

Yankon said that the replacement of conventional products in the next 2 years is very fierce price competition, is expected by the end of 2015, the price and the price of energy-saving lamps LED light efficiency reached 1:1 the ratio of costs and prices continue to decline 30%.

In order to cope with the market competition, Yankon said that in addition to Lianhaoneigong in downstream applications, the full layout in the upstream supply field, in the high performance chip products and international Korean enterprises to form the interactive close cooperation mechanism, in the end cost-effective chip products and Optoelectronics formed a strategic cooperation with body. The upstream supply enough to ensure that the company's development and competition.

LED features of intelligent lighting technology more easily than the traditional at the same time, the entire electronics industry into the Internet / IOT era, the company has a clear development direction in LED intelligent lighting, has established a professional team, the first half of the year has been working with Jingdong Home Furnishing intelligent cloud platform, launched the sun Home Furnishing intelligent lighting products next, will actively promote cooperation with Alibaba, millet etc.. With 5 years after LED long life brought by conventional replacement of the shrinking market, the whole industry must guide the transformation of platform for the intelligent lighting, to lead a new round of replacement market growth, the company is actively layout, striving to become the mainstream occupy a favorable position in the smart Home Furnishing, intelligent life.

The new ODM/OEM client global market balanced development

Sunshine lighting, said the report period, the company continues to uphold the global market balanced development strategy to avoid the risk of fluctuations in the single market. The European market continued good development trend of the original; the United States market following the breakthrough in 2013 after the first half continued rapid growth; Asia Pacific market in Japan market relatively high-end products, the first half of the new influential international Brand Company as ODM/OEM customers in Southeast Asia in the international market leading brands, many customers began to accept quality relatively good sunshine LED products, to expand the market gradually active LED. Chinese market due to the quality and cost structure of chaos, in the household and commercial lighting market has basically completed the sun all product change from traditional lighting to LED lighting, the volume of business growth while the proportion of LED has reached more than 70%. Outdoor engineering business as a starting point of growth in 2013, in the first half achieved good results, and in the provincial / municipal government launched a clear policy of energy conservation, the second half will be better growth.

In addition, the sun lighting also said that in the past two years due to the rise in labor and labor costs, the trend of machine substitutions through automation is becoming increasingly apparent. The company last year invested bulb automated production equipment, continue to put related automation equipment T8 lamp automatic production line and a number of lamps in the first half, through production practice in the first half of the implementation plan and perfect, clear the next stage of automation equipment, installation and commissioning of the second half will increase investment to realize automation equipment. As a lighting application enterprise, in addition to the ability of product design, the most important thing is the establishment of production efficiency. The company through the first half of the show, to ensure the effectiveness of investment, equity investment funds will be completed LED expansion and automation in 2015 before the efficiency of investment, the company's per capita output and profitability per capita will also be increased.

2014 operating plan for the company operating income of 3 billion 900 million yuan, net profit attributable to owners of the parent company net profit of $330 million. 2014 1-6 months, the company achieved total revenue of 1 billion 524 million yuan, complete the income of 39.08% of the plan, because the lighting market quickly turned to the LED products and the company's initiative to adjust the traditional energy-saving lamp product structure, so that the first half of the company's operating income is lower than the business plan; attributable to owners of the parent company net profit of 135 million yuan, 40.91% completed the program. The completion in accordance with the operating schedule. (text /LEDinside Nicole)

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