There are not many enterprises in the field of mobile lighting entering the capital market. Among them, there are Jin Laite and Ocean King listed on the main board, Kang Mingsheng listed on the New Third Board, and a long-term stocks that started listing in September 2016. Up to now, the 2016 annual reports of the listed companies with mobile lighting as their main business have been announced. What are the net profit results of each company's revenue?
Look at revenue: Golden Wright's earliest listed revenue is only ranked third
According to the 2016 annual report released by each company, Kang Mingsheng's total operating income in 2016 was 1.01 billion yuan, a year-on-year growth of 11.49%, making it the fastest-growing company with the largest revenue, ranking first among mobile lighting listed companies. Ocean King Lighting's total revenue ranked after Kang Mingsheng, with a performance of 925 million yuan in 2016, but the year-on-year growth rate is the lowest among the three companies.
It is worth noting that although Kinglet is the first of the three companies to successfully list, its total revenue in 2016 ranked third, with a performance of 770 million yuan.
As the main mobile lighting company, the mobile lighting business of each company is the most concerned. In terms of ranking, the mobile lighting revenues of these three companies are consistent with their total revenues. They are still the first in Kang Mingsheng, the second in Ocean King and the third in Jinlaite. The revenue of Kang Mingsheng's mobile lighting business has reached 880 million yuan.
In terms of mobile lighting growth rate, Ocean King Lighting increased by 26.49% year-on-year. Kang Mingsheng and Jin Laite's mobile lighting growth rate is only within 10%.
From the perspective of the proportion of mobile lighting, Kang Mingsheng's mobile lighting business also accounted for 87.13%, and mobile lighting contributed most of its performance. The relatively small mobile lighting business is Ocean King and Golden Wright, accounting for 65.08% and 67.14% respectively.
Seeing net profit: Ocean King’s net profit for the past three years is the biggest gap behind Golden Wright
From the perspective of net profit, the gap behind Golden Wright is more obvious.
Kang Mingsheng and Ocean King’s net profit attributable to shareholders of listed companies exceeded 100 million yuan, respectively, at 139 million yuan and 111 million yuan, while Jinlaite’s net profit was 65.854 million yuan.
Judging from the changes in net profit for the three years from 2014 to 2016, Kang Mingsheng is the only one of the three companies to maintain growth, from 4,876.31 million yuan in 2014 to 110,571,200 yuan in 2015 and then to 13895.20 million yuan. Continue to maintain a high growth rate. In 2015 and 2016, the net profit for the second consecutive year exceeded 100 million yuan. In the past three years, a total net profit of 298.286 million yuan was obtained.
From 2014 to 2016, the net profit of Ocean King and Golden Wright all experienced negative year-on-year growth. For example, the net profit of Ocean King showed a year-on-year decline in 2014 and 2015 respectively. However, in the past three years, Ocean King has a net profit of over 100 million yuan for two years. Although the net profit fell by 60.83% in 2015, it is still the highest net profit of the four companies in the past three years, with a cumulative net profit of 35,009,380. yuan.
Jin Laite is not so optimistic. The data shows that Jinlaite's net profit fell year-on-year in 2016. As a listed company on the Main Board, Jinlaite's operating income in 2016 was as high as 770 million yuan, but its net profit was only 6.854 million yuan. In this regard, Jin Laite said in the annual report that the decline in net profit was mainly due to the company's strategy of adjusting product market for market share, reducing product gross profit and dealing with subsidiary companies.
In addition, the total net profit of Kinglet in the past three years is 90,145,300 yuan, compared with the ocean king and Kang Mingsheng of over 100 million, there is still a big gap.
Look at the first quarter: Jin Laite, Ocean King are not increasing profits
Jin Laite recently released the first quarterly report of 2017. The company realized operating income of 277 million yuan in January-March 2017, a year-on-year increase of 40.44%, but the net profit attributable to shareholders of listed companies was 3,291,900 yuan, down 49.57% year-on-year.
Jin Laite said that the decline in net profit was mainly affected by two aspects. First, the price of raw materials rose, secondly, the output increased, and the labor cost increased accordingly. In addition, Jin Laite announced on the evening of May 8 that the company received a total of 3,587,100 yuan from the government during the period from January to April 2017.
The Ocean King is also caught in the shackles of increasing income without increasing profits. Recently released the 2017 quarterly report, during the reporting period, the company achieved operating income of 168 million yuan, an increase of 21.44%; net profit of 12.8372 million yuan, down 38.99%.
Ocean King said that the company's lighting revenue in the first quarter increased 21.44% over the same period of the previous year to 168 million yuan, mainly because the company deepened customer demand. During the reporting period, income tax expenses decreased by RMB 5.018 million compared with the same period of the previous year, a decrease of 95.58%, mainly because the subsidiaries made up for the previous losses during the reporting period; the above-mentioned net profit decreased by RMB 8.2262 million or 38.99% from the same period of the previous year.
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