Ganzhao Optoelectronics lost 6.17 million yuan in the first half of 2016
Miter Saws, Hand Miter Saw, Electric Miter Saw, Industrial Miter Saw NINGBO LUBAN ELECTRIC POWER TOOLS CO.,LTD. , http://www.aye-group.com
Ganzhao Optoelectronics announced the 2016 semi-annual report on the evening of August 15. During the reporting period, the company realized operating income of RMB 458,392,200, an increase of 107.14% over the same period of last year; the expenses during the period of the current period were RMB 76,039,900, an increase of 54.27% over the same period of last year; The net profit of the company's common stockholders was -617.48 million yuan. The same period as 2016, the company announced the 2016 semi-annual report. During the reporting period, the company realized operating income of 458,318,200 yuan, an increase of 107.14% over the same period of last year; The cost was 76,039,900 yuan, an increase of 54.27% over the same period of last year; the net profit attributable to ordinary shareholders of listed companies was -617.48 million yuan, down 125.36% year-on-year. According to the announcement, the operating income increased significantly year-on-year, mainly due to the increase in the sales volume of LED blue-green chips, subsidiary supply chain business products and lighting application products. The main reasons for the loss of net profit were: 1. LED blue-green chip production capacity is at present The rising period led to a low gross profit margin; 2. The increase in the investment cost of LED chip project R&D resulted in an increase in management expenses compared with the same period of the previous year; 3. The investment in blue-green projects and the increase in financing leases for production equipment, resulting in Financial expenses have increased compared with the same period last year. The net cash flow from operating activities in the current period was RMB 935,425,800, a year-on-year decrease of 931.05%, which was mainly due to the significant increase in material procurement expenses and operating costs as the production volume increased. In addition, the announcement shows that the gross profit margin of chips and epitaxial films in the first half of 2016 was 15.89%, down 17 percentage points from the gross profit margin of 32.92% in the same period of last year. The main reasons were: 1) The sales revenue of LED blue-green chips increased significantly in 2016. Its gross profit margin is lower than the gross profit margin of the red and yellow chips, which lowers the overall gross profit margin of the main business; 2) the blue-green chip has not yet reached full production status, so its fixed cost has a certain impact on the product gross profit, but with the blue-green chip capacity The continual improvement of its products has gradually increased its gross profit margin.