Guoxing Optoelectronics (002449) released its first quarter report for 2017 on April 24, achieving operating income of 653 million yuan, a year-on-year increase of 42.16%. The net profit attributable to shareholders of listed companies was 51.76 million yuan, a year-on-year increase of 38.29%.
At the same time, Guoxing Optoelectronics also released the first half of 2017 performance guidance, which is expected to increase the net profit attributable to shareholders of listed companies by 30% to 70%.
Indeed, Guoxing Optoelectronics' order in the first quarter of 2017 was saturated, thanks to the previous expansion project, the production capacity was further released, the company's competitive advantage and market share were strengthened, and the overall development trend was good.
Looking back on 2016, after years of industry competition and reshuffle, some small and medium-sized enterprises and production capacity are cleared, and the terminal application market is showing a recovery and improvement, driving the scale expansion and price increase of upstream and midstream enterprises. LED small-pitch display application continues. The outbreak, the popularity of LED products continues to climb.
With the gradual entry into the new round of development of China's LED industry, product prices have stabilized and even increased, product technology upgrades, market penetration has increased, integration competition has continued, industrial layout has improved, and industry structure has been adjusted.
In 2016, the LED market continued to pick up. Guoxing Optoelectronics seized the market opportunity of LED small-pitch market and used its own funds totaling 1.05 billion yuan to expand the packaging production line. SMD packaging capacity increased by 40% and rapidly expanded to 6000 KK. /month.
At the beginning of 2017, Guoxing Optoelectronics invested 200 million yuan again to increase the production capacity of small-pitch packaging. It is expected to reach production capacity in July. After the production, the company's small-pitch packaging capacity will reach 2000KK/month, ranking among the world's small-pitch packaging faucets.
Up to now, Guoxing Optoelectronics has been involved in the LED industry for more than 40 years. It has always adhered to the development strategy of “based on packaging, bigger and stronger, taking into account the vertical integration of upstream and downstreamâ€, and deepening upstream and downstream lighting while basing on the main business of LED packaging. Application extension.
According to Gaogong LED observation, Guoxing Optoelectronics is the first packaging enterprise in China to produce 0808 lamp beads with leading technology and stable product quality. With a self-owned capital of no more than 1.05 billion yuan to invest in fully automated packaging expansion projects, the domestic leading edge of 1010 lamp bead production capacity.
In addition, Guoxing Optoelectronics also relies on innovation to promote the pace of globalization strategy, highlighting the vertical integration of the entire industry chain of chip, packaging and lighting applications, and the advantages of specialization and scale, and promote effective cost control and endogenous The complementary advantages of the system form a synergy, and the process yield and market share of the chip, package, component and lighting are continuously improved, and the comprehensive strength is enhanced.
It is expected that the compound growth rate of the small-pitch market will remain above 50% in the next three years. Guoxing Optoelectronics is expected to take advantage of the industry's advantages and continue to expand its packaging capacity to lead the company's performance.
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