Trillion LED business performance brisk revenue 745 million yuan last year

[LED] - Siu Chi shares annual report released in 2014 18, in 2014 the company achieved revenue 7 billion 180 million yuan, an increase of 4.89%; attributable to shareholders of listed companies net profit of 666 million yuan, an increase of 4.68%; to achieve net profit after deduction of non 653 million yuan, an increase of 7.11%.

Sub product point of view, although LCD TV revenues fell 1.39%, but the revenue of $5 billion 245 million still occupy the bulk of the total revenue, its position temporarily can not be shaken by other products. LED products and accessories business brisk performance, revenue of 745 million yuan, an increase of 52%, its revenue accounted for a total revenue of $10.48%, a huge potential for growth. However, compared to other products, LED business gross margin is only 14.96%.

Source: 2014 Annual Report

Siu Chi shares a number of subsidiaries of the main LED business 2014 annual business performance brisk. The Shenzhen zhaochi energy-saving lighting limited company achieved operating income of 853 million yuan, net profit of 33 million 777 thousand yuan; Shenzhen zhaochi photoelectric Limited company achieved revenue of 153 million yuan, net profit of 1 million 109 thousand and 500 yuan; Jiangxi Province, Siu Chi photoelectric Limited company achieved revenue of 370 million yuan, the net profit of 28 million 276 thousand and 100 yuan. Siu Chi shares said, Siu Chi energy-saving lighting company sales revenue increased 191 million 888 thousand and 800 yuan, the growth rate of 29.04%, the reasons for the company has strong market competitiveness in the LED business, and the company relies on strong export business channels to promote the rapid growth of the LED scale of production.

Siu Chi shares that the company is currently in the LED business has a strong market competitiveness, and short-term export companies rely on business channels will promote the rapid growth of the scale of LED; while in the long term, as the incandescent lamp, LED lighting products gradually promote the terminal price gradually civilians and gradually enhance the consumer of energy saving awareness of the LED lighting business is expected to growth.

In addition, Siu Chi shares in 2015 first quarterly report released on the same day, the company's first quarter revenues of 1 billion 329 million yuan, down 21.08% over the same period last year, revenues of 1 billion 684 million yuan; attributable to shareholders of listed companies net profit of 117 million yuan, down 29% over the same period last year, the net profit of 165 million yuan; after deduction of non net profit of 96 million 51 thousand yuan, up 46.28% decline over the same period last year, net profit after deduction of non 179 million yuan.

The company expects 2015 1-6 attributable to shareholders of listed companies net profit of 14411.82 to $192 million 157 thousand and 500, down from 20% to 40%, net profit of $240 million 196 thousand and 900 over the same period last year. Siu Chi shares, said the reasons for the changes in the performance of the company's four factories relocated to the new industrial park, production capacity has been affected, is expected to resume normal capacity in the three quarter. (text /LED net Sophie)

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