Ganzhao Optoelectronics expects to turn losses into profits in the first half of the year, Lehman shares are expected to decline in net profit

Ganzhao Optoelectronics released the first half of 2017 performance forecast on July 12. It is estimated that the company's net profit for the first six months of 2017 will be 97.05 million yuan to 103 million yuan, compared with -617.48 million yuan in the same period of last year, an increase of 1670.01% to 1759.98%. .

Ganzhao Optoelectronics said that the company's performance in the first half of 2017 is expected to turn into a profit compared with the same period of the previous year. In the report period, the company's LED chip business revenue has increased significantly year-on-year.

At the same time, the company's chip business capacity has further increased, chip production has increased significantly year-on-year, unit costs have fallen, and product gross margin has increased rapidly. The operating profit of the LED chip business has increased significantly year-on-year, and the company's net profit has increased significantly.

Indeed, with the outbreak of the small-pitch LED market, the increasing penetration of LED lighting and the warming of the automotive lighting market, LED downstream demand is strong.

In addition, the continued growth of the market for small screen displays such as smart watches, virtual displays and wearable devices will drive the industrialization of Micro LEDs. After several years of rapid decline in the price of the LED chip supply terminal, the production capacity has been basically cleared, and the supply relationship of LED chips has been fundamentally improved, and the industry will welcome the inflection point.

It is expected that with the increase of industrial concentration and downstream demand, the supply and demand relationship of the industry will continue to improve. LED chip prices will continue until the third quarter of this year, and lead the price increase in the middle and lower reaches.

Lehman shares released the first half of 2017 performance forecast on July 12. It is estimated that the company's net profit for the first six months of 2017 will be RMB 1998.42 million to RMB 26.6455 million, compared with RMB 26.6455 million in the same period of last year, representing a year-on-year change of -25.00% to 0.00%. .

Lehman shares said that the net profit attributable to shareholders of listed companies in the first half of 2017 decreased compared with the same period last year.

Among them, the company's sales revenue and profits in the LED field have increased; because the company does not renew the Super League contract, and the company's sports resources in the middle of the company is still in the promotion stage, the company's sports revenue and profits during the reporting period compared with the same period last year There is a certain degree of decline.


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