Industry insiders pointed out that LED small-pitch display industry demand is strong, but LED display manufacturers are numerous, product homogeneity is serious, prices are falling, resulting in a decline in LED display company profits. Major LED manufacturers are accelerating their expansion into overseas markets.
Data show that the export market of LED display products in April was 141 million US dollars, an increase of 29.5% year-on-year and 27.2% quarter-on-quarter. The demand in overseas markets increased steadily.
In the first quarter of this year, LED display exports continued to grow compared with the same period of the previous year, with an export value of 287 million US dollars. All major LED display manufacturers have achieved good results in overseas market expansion. Among them, the leading enterprise Zhouming Technology achieved an export value of US$200,000 in the quarter, a year-on-year increase of 59.7%.
The expansion of overseas markets boosted the performance of listed companies in the first quarter.
According to the announcement, in the first quarter, Zhouming Technology achieved revenue of 541 million yuan, a year-on-year increase of 101.29%; net profit attributable to shareholders of the parent company was 49.888 million yuan, an increase of 146.42%. Among them, overseas small-pitch sales revenue increased by 32.15% year-on-year to 130 million yuan. The company said that with the investment of new products and the overseas layout, it is expected that sales revenue and net profit will maintain rapid growth in the first half of the year.
Liad achieved revenue of 1.128 billion yuan in the first quarter and net profit of 173 million yuan, a year-on-year increase of 114.7%. Among them, LED small-pitch screen revenue was 689 million yuan, accounting for 61.1% of total revenue. Through its wholly-owned subsidiary, Pingda, the company has penetrated the small-spacing products of LED into the North American and European markets and expanded its overseas market.
Dart Lighting sprints IPO, last year's net profit of nearly 50 million yuan
The new three board listed company Dart Lighting (832709) has made new progress in sprinting IPO matters.
Recently, Dart Lighting issued a notice saying that under the guidance of Great Wall Securities, it has received the counseling and acceptance of the Shenzhen Securities Regulatory Commission of the China Securities Regulatory Commission.
Among the 170 LED lighting companies listed on the New Third Board, nearly 80% in 2016 achieved profitability. More than 40 companies have achieved net profit of more than 10 million, accounting for more than 30%.
According to the data, Dart Lighting landed on the New Third Board on July 7, 2015. It is mainly engaged in the construction of landscape lighting projects and the design and maintenance of landscape lighting projects and the development and production of LED lighting products.
In the past two years since the listing of the New Third Board, Dart Lighting has actively carried out capital operations and completed two fixed increments over a year. A total of RMB 51.85 million was raised.
In terms of performance, Dart Lighting achieved double growth in operating income and net profit in 2016, respectively achieving operating income and net profit of 221 million yuan and 4,609,160 yuan, up 65.27% and 198.98% respectively.
It is understood that Dart Lighting officially announced on April 8, 2016, and disclosed the guidance stage of entering the initial public offering and listing, and began to sprint IPO.
Behind the "big heat" of landscape lighting, the "flock effect"
Compared with the “low season†of indoor lighting, outdoor lighting began to enter a period of high-speed growth at the end of last year. Among them, the landscape lighting engineering market swarmed in orders last year.
Both “outside the industry†companies and LED listed companies are accelerating their involvement in the engineering industry through self-construction or acquisition, and the “herd effect†is once again apparent.
In June 2014, Feile Audio (600651) acquired 100% equity of Beijing Shenan Group, a LED lighting engineering company, through the issuance of shares and cash acquisition. The target assets are planned to be valued at 1.85 billion yuan.
In July 2014, Liard issued shares and paid cash to acquire 100% of Jinda Lighting.
On June 29, 2016, Liard acquired Shanghai Zhongtian Lighting Complete Set Co., Ltd., which was jointly owned by Shanghai Jingyi Business Consulting Co., Ltd. (limited partnership) and Shanghai Runying Business Consulting Co., Ltd. (limited partnership) with a cash payment of RMB 350 million. 100% equity.
In July 2016, Alto Electronics carried out a major asset restructuring and acquired Shenzhen Qianbaihui Lighting Engineering Co., Ltd. with a consideration of RMB 300 million.
On August 26, 2016, Liard purchased 100% of Sichuan Purui Lighting Engineering Co., Ltd. held by Wang Shuoshuo, Chen Yu, Wang Aiqiong, Wang Zhiyu, Wang Xueyu, Zhong Yongke, Yang Yong and Yu Qin for a total of RMB 120 million.
On August 26, 2016, Liard acquired 100% equity of Xi'an Vanke Era System Integration Engineering Co., Ltd. held by Liu Jianhong, Shen Wenhong, Zhao Qi, Yan Shiling and Yao Chunyan for a total of RMB 180 million.
In 2017, Liard intends to acquire Hunan Junze Lighting Design Engineering Co., Ltd., which is wholly owned by Junchen Investment Management Partnership (Limited Partnership) of Xinyu High-tech Zone and Junling Investment Management Center (Limited Partnership) of Xinyu High-tech Zone, with a cash payment of 248 million yuan. 100% equity.
Yiguang rights counterattack accused Puri Optoelectronics infringement
On June 10, 2017, Everlight Electronics filed a patent infringement lawsuit against the Northern District of California, in which the products manufactured and sold by Bridgelux, Inc. infringed the patented technologies of Everlight US6335548 and US7253448. Among them, the infringing products include the 2835 series.
Yiguang requested the court to issue an injunction against Puri Optoelectronics' infringing products and stop infringing the patented technology of Everlight, including the prohibition of trafficking, manufacturing, import and export, and damages.
Yiguang US6335548 and US7253448 patent series are important infrastructure patents for LED, and have been patented in all important markets such as the United States, South Korea, Japan, Europe, etc. This technology is widely used in high-power, medium-power, low-power LEDs. Products such as 2835, 5630, 3030, 3535, 5050 and COB.
Yiguang said that it will fully defend its customers and shareholders' rights, and will continue to take legal actions against infringements.
Liard has another 260 million yuan order
Shenzhen Jinda Lighting Co., Ltd. (hereinafter referred to as “Jinda Lightingâ€), a wholly-owned subsidiary of Liard, received the winning bid from Kunming Urban Management Comprehensive Administrative Law Enforcement Bureau (hereinafter referred to as “ownerâ€) on June 14, 2017. Notice.
The notice confirms that Jinda Lighting, as the lead party of the consortium, and Beijing Liangye Environmental Technology Co., Ltd. have become the winning bidders for the “Design and Construction Integration Bidding of Kunming Beijing Road and Panlong River Landscape Lighting Improvement Projectâ€. The winning bid price is RMB 520 million. The parties agree that the parties are responsible for 50% of the project.
The company said that the project price is about 260 million yuan, accounting for 40% of Jinda Lighting's audited operating income of 605.928 million yuan in 2016; the project will be completed by September 30, and the company's 2017 annual operating results are expected. Will have a positive impact.
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