On the evening of April 29, Tongfang Co., Ltd. (600100) disclosed the first quarterly report for 2016. The company's net profit attributable to shareholders of listed companies in the first quarter of 2016 was 5.202 billion yuan, an increase of 3258.20% and basic earnings per share of 1.7552 yuan.
It is understood that the rapid growth of Tongfang's first-quarter results is mainly due to the sale of Tongfang Guoxin's controlling interest (36.39% equity) and the remaining equity (4.99%) recognized as available-for-sale financial assets at fair value, forming a net after the disposal of control rights. The revenue was 5.598 billion yuan.
Tongfang shares said that due to the impact of equity transfer, it is predicted that the net profit attributable to shareholders of listed companies from the beginning of the year to the end of the next reporting period (January-June 2016) will increase significantly compared with 8.8 billion yuan in the same period of the previous year.
In fact, not only the performance of Tongfang's shares has increased significantly, but also the performance of many LED companies in the first quarter has also shown a significant growth trend.
For the LED industry, 2016 will be an “opportunity†year.
As a new emerging industry in the country, LED has ushered in a good development space under the support of the market and the support of national policies. Inland enterprises Xiamen Sanan and Huacan Optoelectronics are continually sprinting production capacity and maintaining the pace of expansion in order to obtain subsidies.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in 2015, the output value of China's LED chip industry reached 13 billion yuan, an increase of 8.3% year-on-year, and the sales volume increased by more than 60%. The global LED chip market has seen a slight increase of 1.4% in 2014.
In addition, while the market scale continues to expand, the overall overcapacity of the LED industry is gradually exposed, resulting in the continuous decline in prices and further increase the competitive pressure of enterprises.
Many equipment manufacturers said that the price of LED chips is not good. Except for Sanan and Huacan, in order to obtain subsidies, there are not many other companies that expand production. Therefore, MOCVD equipment factories mostly lock these two.
Regardless of whether the LED industry is welcoming opportunities or challenges, for Tongfang, it is a year of steady growth and exploration of change.
In the field of chips and epitaxial wafers, we always adhere to the strategy of developing high-end products and continuously implement upgrades.
In the field of lighting products, focusing on technology, industry and market, while continuously improving product development and manufacturing capabilities, we have established a global sales network to rapidly increase global sales capabilities.
In the field of optoelectronic engineering, the 2015 Beijing International IAAF World Championships in Athletics was held at the National Stadium and Bird's Nest. The LED outdoor energy-saving screen series solution was provided for the stadium. Four giant LED large screens were distributed around the Bird's Nest stand. Timed score display and game broadcast.
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