In the first half of 2018, the economic environment was complicated, Sino-US trade friction, weak macroeconomic growth, continuous deepening of real estate policy regulation, and financial deleveraging, which profoundly affected the development speed and competitive landscape of the LED industry. Guoxing Optoelectronics overcomes various unfavorable factors and achievements. Going forward further.
On July 5, Guoxing Optoelectronics released the "1818 Semiannual Performance Express". The report shows that in the first half of the year, the company's total operating income reached 1.784 billion yuan, an increase of 11.72%; the net profit attributable to shareholders of listed companies was nearly 226 million yuan, an increase of 46.84%.
Major financial data and indicators for the semi-annual period of 2018
Guoxing Optoelectronics said that by continuously optimizing the product structure, continuously increasing the proportion of high value-added products, and continuously expanding the scale of business, the company has achieved remarkable results. In addition to high-speed growth in performance, the company won various honors in the first half of the year. In March, Guoxing Optoelectronics won the first prize of Guangdong Science and Technology Progress Award; in April, Guoxing ranked among the top 10 LED packaging companies in the world.
In terms of technology, Guoxing Optoelectronics conducts comprehensive and in-depth technical layout and scientific research on forward-looking technologies such as CSP, Micro & Mini LED, UV and infrared applications, and provides the source of power for the company's sustainable development. In June of this year, the company released the first Mini LED products simultaneously in the United States and Guangzhou, leading the industry to “seal†the tide.
As the first research result since the establishment of the National Star Micro&Mini LED Research Center, the release of the first Mini LED of Guoxing marks the official entry of the LED display industry into the P0.X era. It is foreseeable that the issuance and mass production of Mini LED will further contribute to the growth of Guoxing Optoelectronics' performance.
In addition, for many years, Guoxing Optoelectronics has always implemented the “three-oriented†strategy headed by “high-tech and sophisticated technologyâ€, focusing on new technologies and new trends in the market, and has achieved remarkable results in technological innovation. Guoxing Optoelectronics invests about 4% of its annual operating income for research and development. In recent years, it has undertaken more than 20 national-level scientific research projects. At present, it has applied for 430 patents and has granted 357 patents.
In terms of new applications, regarding the side backlight, Guoxing Optoelectronics will introduce 4010 devices, and will aim at smaller side backlight devices in the future. For large-size backlights, Guoxing Optoelectronics is also developing this aspect, small-power devices and MiniLEDs; Regarding smart cities and smart lighting, Guoxing Optoelectronics has realized smart lighting in smart homes; about urban lighting, including high-power wall washers, outdoor lighting, and outdoor RGB multi-lamp lighting devices are in the layout; Regarding professional lighting, Guoxing Optoelectronics pursues high-efficiency output and high-intensity index, as well as the development of full spectrum; for the lamp market, Guoxing Optoelectronics will provide a full range of solutions, from headlights to taillights and interior lighting. Provide the appropriate device solution.
In terms of market, Guoxing Optoelectronics RGB device products have been used in many important international events such as Boao Forum for Asia and Russia World Cup. At present, the production scale of the upstream LED chip business continues to expand; the midstream display package continues to consolidate its leading position in the industry, and the white light packaging market ranks among the top three domestic high-end applications; the downstream component business continues to grow steadily, and the lighting business continues to move toward the international market.
In terms of large-scale production, Guoxing Optoelectronics has improved its production efficiency and reduced the cost of manufacturing through refined production. In addition, it concentrates resources and fully makes supply chain resources play a real role. Through the standardization, research and development, production and sales of products, management is more effective.
"In the second half of the year, the company will continue to implement the strategic deployment of 'high technical precision, market internationalization, and production scale', continue to give full play to the advantages of coordinated development of the industrial chain, and focus on improving technology research and development, mechanism optimization, scale expansion, market development. Work in other areas and strive to achieve new performance breakthroughs!" Guoxing Optoelectronics said.
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