The construction of the first half net profit growth of over 2 times the media business and small pitch products growing space

The photoelectric 25 evening semi annual report released in 2014, the first half of this year (1-6 months) achieved operating income of 340 million yuan, an increase of 33.79%; attributable to ordinary shareholders of listed companies net profit of 31 million 20 thousand and 700 yuan, an increase of 259.44%; consolidated gross margin of 30.37%.

The photoelectric main business for LED applications and downstream outdoor advertising business. During the reporting period, LED application products operating income of 267 million yuan, an increase of 5.60% over the same period last year, to maintain steady growth in media business revenue of $72 million 976 thousand and 700, an increase of 581.37% over the same period last year.

For revenue growth, mainly because of the media business that photoelectric larger company acquired 100% equity interest in sharing the media in April 29, 2014 to complete the delivery time, 5-6 month operating income of the media in 2014 into the company's consolidated financial statements.

LED display space tends to saturation

The first half of this year, the photoelectric LED screen application products to achieve revenue 267 million yuan, an increase of 5.60%. This includes full color LED revenue 263 million yuan, two color LED revenue of $2 million 686 thousand and 800, monochrome LED revenue of $605 thousand and 100 and other LED revenue of $371 thousand and 100.

Look at the gross profit margin of each sub product. Full color LED gross margin 27.53%, dual color LED gross margin of $38.22%, monochromatic LED gross margin of $38.65%, other LED gross margin of $35.37%.

It is worth noting that in 2014 1-7 months, the company small spacing product sales contract amount of nearly billion yuan, of which the overseas contract amount of nearly 30 million yuan, overseas small pitch products market began to bang, compared with the same period last year increased by more than 30%.

It is understood that the photoelectric early in 2013 to promote micro dense small pitch LED display market, has been widely recognized by customers, the year 2013 micro dense small pitch products contract amount exceeding 100 million yuan. During the reporting period, the company will continue to deepen research and innovation of micro dense small pitch products, in small space LED is so hot today, is expected to slightly dense small pitch products in 2014 will achieve a high explosive growth.

Media business boom is expected to become profitable growth

Compared with other LED applications, the photoelectric advertising media business gross margin was 40.23%. Of course, this does not fully explain the advertising media into the joint construction of photovoltaic business.

Since the successful acquisition of media integration, the photoelectric is no longer confined to the LED LED display screen business, but to achieve cross-border group development of both business and outdoor advertising media business.

For the first half of this year's revenue growth, thanks to the photoelectric May consolidated into media, media business income increased greatly.

The report shows that when the media in April and the completion of the linkage with the cultural LED big screen media resources docking business, achieved good results. Timeshare media 1-7 month 2014 signed a sales contract amount of 240 million 10 thousand yuan, of which LED display advertising contract amount of $32 million 350 thousand. Compared with 2013 LED display advertising sales revenue of 35 million 30 thousand yuan, the performance steadily.

In addition, the construction of linkage cultural positioning integration platform for photoelectric digital media city, 2014 1-6 month operating income 9 million 770 thousand yuan, representing a growth of 623%.

The synergistic effect of time-sharing media and cultural linkage will be gradually reflected, and media cooperation for the promotion period is only 3 months, when the media 5-7 month sales linkage culture LED display the contract amount of 8 million 230 thousand yuan, the second half of the year with the further promotion and advertising season is expected to good sales trend. (text / China LED network Flora)

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