Based on the 56.02% growth in sales in 2015, Suijing Optoelectronics achieved an ultra-high growth rate of 236.21% in the first quarter of 2016. With the acceleration of sales growth, Suijing Optoelectronics’ gross profit margin was also significantly higher than the industry average. The level reflects the company's comprehensive competitiveness.
On the evening of July 19th, the innovative layer company Sui Jing Optoelectronics (833423) disclosed the results for the first half of 2016. The announcement shows that the company expects to achieve revenue of 110 million yuan to 130 million yuan in the first half of the year, an increase of 56%-84% year-on-year; net profit of 19 million yuan to 21 million yuan; an increase of about 157%-184%.
In response to the substantial growth in performance, Sui Jing Optoelectronics said: First, the company's newly established backlight jump module business unit orders increased significantly; second, the original customer orders for backlight LED devices increased, new customer development efforts increased; third is to strengthen research and development Investment and technology introduction have enhanced the core competitiveness and sustainable profitability of the company.
Based on the backlight LED dominant gross margin industry leading
According to public information, Sui Jing Optoelectronics is engaged in the research, development, manufacture and sales of backlight LED devices, and is one of the most competitive backlight LED companies in the industry.
Established in 2010, Sui Jing Optoelectronics Co., Ltd. is a high-tech enterprise specializing in the R&D, production and sales of optoelectronic device products. The company independently developed the “super bright side white LEDâ€, “ultra-thin side white LED†and “variableâ€. Key technologies such as gamut adjustment are at the leading level in the industry.
In the field of small-size backlight LED devices, the company has a full range of competitive advantages. It has successfully cut into the supply chain of domestic well-known brand smartphone manufacturers and formed a stable cooperative relationship, which still has excess growth potential for a long period of time in the future;
In the field of large-size backlight LEDs, the company's backlight strip module products began to exert their strength in 2015, achieving a super-fast growth of 683%. Currently, it has been widely applied to some famous domestic brands of smart TV products.
The statistics of the High-tech Research Institute LED Research Institute (GGII) show that the domestic LED backlight market in 2015 was 25.9 billion yuan, only 3% more than in 2014.
Among them, the growth rate of Sui Jing Optoelectronics far exceeds that of peers, and the gross profit margin has reached the leading position in the industry.
According to the data, the operating income realized by Suijing Optoelectronics from 2014 to 2015 was 148 million yuan and 214 million yuan respectively, up 44.26% year-on-year; the net profit attributable to shareholders of listed companies was 17.43 million yuan and 27.19 million yuan respectively. The increase was 56.02%.
After entering 2016, Sui Jing Opto's performance growth continued to accelerate. The operating income realized in the first quarter of 2016 and the net profit attributable to the listed company's shareholders were 47.958 million yuan and 7.502 million yuan, respectively, a significant increase of 53.33 over the same period of the previous year. % and 236.21%.
It is worth noting that the ultra-high growth of Sui Jing Optoelectronics is realized in the situation that the growth rate of the smart phone market is declining and the backlight LED market is under great pressure, which can better reflect the company's competitive advantage.
Small pitch and flash market to create a new "engine" for growth
On the basis of the industry leading edge of backlight LED, Sui Jing Optoelectronics has begun to actively enter the flash and LED small-pitch market, and the new business is expected to develop into a new "engine" to promote the company's continued growth.
As the development of smart cities continues to accelerate, the large-screen splicing market has gradually expanded from the initial military command, traffic monitoring and other fields to the security and commercial display markets. The large-screen display industry has a broad market in the future.
Compared with the traditional large-screen display technology DLP splicing wall and LCD splicing wall, the small-pitch LED screen has advantages in seaming, brightness and resolution.
According to the statistics of the Institute of Advanced Industrial Research and Research, the global small-pitch LED market in 2015 was 2.4 billion yuan, of which the domestic market was 1.3 billion yuan, a year-on-year increase of more than 40%. It is expected that by 2020, the global small-pitch LED market is expected to exceed 10 billion yuan. .
Based on the optimistic view of the small-pitch LED market, Sui Jing Optoelectronics plans to put into production of small-pitch RGB devices, and strive to make the small-pitch business become another growth point of the company.
"Sui Jing Optoelectronics Co., Ltd., as one of the most powerful RGB device manufacturers in China, has strong technical advantages in SMT (Surface-Paste Package) and has rich experience in market development. It is expected that the company will grow into a small future. The power of the gap LED market can not be ignored." This announcement mentioned.
In addition to small-pitch RGB devices, Sui Jing Optoelectronics plans to enter the LED flash market by relying on the technological advantages of small-size backlight products.
LED flash is used as a standard device for electronic products such as smart phones, tablets, digital cameras, etc. According to public data, the output value of LED backlight on a single mobile phone is about 2 yuan, and the output value of a flash is about 1 to 2 yuan. The market space is very large. The development of LED flashlights is expected to form another breakthrough point in the company's performance.
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