Ruifeng Optoelectronics (300241) released a semi-annual report. In the first half of the year, the company's operating income totaled 519 million yuan, an increase of 12.25% over the same period last year. Operating profit was 178.312 million yuan, a decrease of 1.92% over the same period of the previous year. Non-net profit of deductions fell by 10.95% year-on-year.
According to the business distribution, the backlight LED realized operating income of 255 million yuan, an increase of 88.45% over the same period of last year. Among them, Lingtao Optoelectronics, which was acquired in the first half of the year, contributed 92 billion yuan in backlight revenue.
According to the announcement, in the first half of 2016, factor company Lingtao Optoelectronics was included in the scope of the company's consolidated statements, further enriching the company's product structure and boosting the company's operating income and profit growth.
Lighting LED realized operating income of 243 million yuan, down 21.35% over the same period of last year; other LEDs achieved operating income of 24,496,600 yuan, an increase of 12.69% over the same period last year.
In the first half of 2016, the competition in the lighting LED market remained fierce. The sales price of lighting LED products declined in inertia, resulting in a decline in the revenue of lighting LEDs. The gross profit margin was only 10.9% lower than the same period of last year, a decrease of 0.66 percentage points. Compared with the backlight LED business, the gross profit margin is large.
Faced with the fierce competition in the industry, the company said that it will continue to improve its product profitability and market competitiveness by optimizing its product mix, strengthening cost control, and improving product quality.
The following table shows the major projects of the company's non-raised funds investment.
According to the report, the company will also vigorously expand the fields of infrared, ultraviolet and laser light sources for the light source products.
In addition, the company's shareholding subsidiary Beijing Zhongxun Weiyi Technology Co., Ltd. suffered a loss of 1.186 million yuan in the first half of the year. The company is mainly engaged in smart home and smart medical products.
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