Recently, Guoxing Optoelectronics released the 2016 annual performance report, showing that in 2016, the company achieved revenue of 2.418 billion yuan, a year-on-year increase of 31.54%; net profit of 193 million yuan, an increase of 20.62%.
The fourth quarter revenue was 761 million, a year-on-year increase of 23%, a 22% increase from the previous quarter; the fourth quarter single-quarter profit was 62.38 million, a year-on-year increase of 67%, a sequential increase of 72%, creating a single-season profit record.
LED industry supply and demand relationship improved, Guoxing Optoelectronics dare to raise prices and maintain good profit margins.
Following the 10% price increase of Q3 company's glare lamp last year, the price of Guoxing Optoelectronics white light products rose by 5%-20% on December 1 last year.
The main reason for Guoxing Optoelectronics to adjust the price of white light bead is that the supply chain price of LED chips, brackets and packaging materials continues to rise. But the bigger reason we see is an improvement in the supply and demand relationship in the LED packaging industry.
1. Small and medium-sized packaging manufacturers withdraw from the market due to cost and price pressures;
2. Demand side, incandescent lamp forced exit policy + small pitch market is hot, LED demand continues to be hot.
The supply and demand relationship of LED midstream is reversed. Driven by the rising cost of raw materials, the packaging factory dares to raise prices, and this year may continue. Mu Linsen’s price increase of 10% is an example.
Guoxing Optoelectronics is a leading domestic manufacturer of small-pitch LED packages, benefiting from the industry's development trend.
Guoxing Optoelectronics small pitch LED has technical advantages relative to competitors (0606 in development, 0808 mass production), price advantage (about 10% cheaper than Taiwan competitors), process advantage (long-term high-quality screen enterprise small pitch LED cooperation experience), Domestic small-pitch LED package faucet, global market share of 20% +.
The company's future small spacing planning:
1. Constantly enrich product portfolio, accurately locate high-end market, and enrich product types. For example, the outdoor 1921 package series is the smallest outdoor outdoor space in the world, filling the gap in the field of outdoor P4 HD display.
2. Actively expand production to meet the strong demand of the downstream small-pitch LED industry. The company announced 240 million yuan expansion in May this year, and announced 400 million expansion in October, mainly investing in small-pitch LED capacity expansion.
At the beginning of 2016, the company's small-pitch LED package capacity was 300kk/month, and it has reached 1200kk/month at the end of the year, expanding production by 4 times, and the corresponding revenue is expected to be 600 million+.
In 2017, it will continue to increase capital expenditures to expand production to meet the high growth of the market. The company's small-pitch LED package gross margin is significantly higher than other products, the small-pitch package ratio increase is conducive to the company's profitability continues to increase.
Off Grid Inverter,Wind Off Grid Inverter,Off Grid Power Inverter,Inverter Hybrid Off Grid
Jinan Xinyuhua Energy Technology Co.,Ltd , https://www.xyhenergy.com