Hongli Zhihui's third quarter report is gratifying, "LED + car networking" dual main business strategy
On the evening of October 28, Hongli Zhihui disclosed the third quarterly report for 2016. In the first three quarters, the company achieved revenue of 1.571 billion yuan (38.51% YoY) and net profit attributable to shareholders of the parent company was 193 million yuan (87.21% YoY).
The results of the third quarter report are gratifying, and there is no worry about high growth throughout the year. The company achieved revenue of 1.571 billion yuan (38.51% YoY) in the first three quarters, net profit attributable to shareholders of the parent company was 193 million yuan (87.21% YoY), sales gross margin was 24.71%, EPS (diluted) was 0.30 yuan, and the company's performance was in line with expectations. .
On the one hand, the company's main LED series products have grown steadily, and the gross profit margin of LED automotive lighting products has been maintained at more than 45%. Moreover, while expanding the scale of LED brackets and LED packaging, the LED infrared security and LED UV are actively deployed. On the other hand, the company transferred a shareholding of the company's shareholding company Xinquan Optoelectronics to obtain a total of 31 million yuan, and received a government subsidy of 28 million yuan. At present, the company has significant research and development in LED applications and packaged devices, optimistic about the company's technical reserves and look forward to continued efforts.
The supply and demand of the industry improved, and the scale of LEDs in the main industry continued to expand.
The LED industry is gradually picking up, and the performance of listed companies in the industry has increased in varying degrees. In 2015, the company ranked the ninth company in the global LED lighting manufacturer. Moreover, the company's LED production base invested and built in Nanchang has gradually been put into production, and all of the products can achieve annual output of TOP LED packaged device 16,200KK, High Power LED packaged device 360KK.
At present, the company has established agent outlets in Russia, the United Kingdom, South Korea, India and other countries or regions to provide fast and timely services and products to customers around the world. The company's global layout can guarantee revenue growth.
The extension of the extension is smooth, and the second main business of the Internet of Vehicles is taking shape. Since the company put forward the strategic goal of "LED + Internet of Vehicles" dual main business, under the premise of making the LED main business bigger and stronger, actively deploy the car networking industry.
Since the second half of 2015, the company has participated in the car network standard such as Dina Technology (investment of 45 million yuan, accounting for 18% of the shares) and Zhuhang school bus (investment of 30 million yuan, accounting for 20% of the shares), and the company also Pai Capital, Tiansheng Yunding and Dongfang Yunding jointly established the “Jifang Hongli Vehicle Network Equity Investment Fundâ€, with a target size of 800 million. The first phase of the project is 160 million yuan. The company invested 22 million yuan in the first phase.
At present, the company is in the midst of the suspension and reorganization of the assets related to the Internet of Vehicles. The standard Shenzhen Speedy Network Technology Co., Ltd. mainly provides after-vehicle services including traffic violation inquiries and auto insurance through the Internet. If it is finally approved, it will be beneficial to the company. The development of networked services is growing. It is expected that the company will continue to actively deploy in the Internet of Vehicles industry in various ways and ways.
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