**The Performance of Three Major Lighting Companies: Op, Huacan, and Tailong Shines Brightly!**
Published on August 25, 2017, via LEDinside.
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It’s been a productive start to the year for the three leading lighting companies—Op Lighting, Huacan Optoelectronics, and Tailong Lighting. All three have recently released their semi-annual financial reports, and the results are impressive.
**Op Lighting Delivers Stellar Results with a Net Profit of 259 Million Yuan**
Op Lighting reported impressive figures for the first half of the year. Their operating income reached approximately 3.01 billion yuan, marking a 34.75% increase from the same period last year. The total profit stood at around 314 million yuan, reflecting a 38.28% rise, while the net profit attributable to shareholders surged by 41.29% year-over-year, amounting to 259 million yuan.
The company operates in four key areas: home lighting, commercial lighting, lighting sources, and lighting controls. The increase in revenue can largely be attributed to the expansion of sales volumes. Op Lighting continues to prioritize innovation, responsibility, and speed, while focusing on strategic growth through IoT and smart lighting solutions. Their efforts have driven steady growth across all business segments.
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**Huacan Optoelectronics Achieves Explosive Growth with a Net Profit Increase of Over 300%**
Huacan Optoelectronics announced that their production lines are running at full capacity, with current demand far exceeding supply. As a result, they’ve accelerated the rollout of new production lines and experienced significant growth in output compared to the same period last year. This expansion helped drive their operating income to 1.193 billion yuan, representing a 94.64% increase year-over-year.
The report also highlighted a stable pricing trend for LED chips, which has been consistent since the fourth quarter of the previous year. With high utilization rates, Huacan Optoelectronics managed to reduce the average cost per unit, boosting their gross profit margin to 33.72%. This represents a substantial improvement compared to the same period last year.
Moreover, the company’s operating profit for the first half of the year jumped to 146.33 million yuan, a staggering 601% increase from the previous year. This surge in revenue and profitability was the primary driver behind their robust performance. In total, Huacan achieved a net profit of 21.06 million yuan, a 306.28% increase year-over-year. After excluding non-recurring gains, the net profit still rose by 474.28%. The acquisition of Blue Crystal Technology in 2016 has also contributed to stronger profits, while improvements in wafer production efficiency and a 40.96% increase in export revenue further strengthened their position.
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**Tailong Lighting Posts Revenue of 122 Million Yuan, with Net Profit Up 18.07% Year-On-Year**
For the first half of 2017, Tailong Lighting recorded operating income of 121.92 million yuan, representing a 21.66% increase year-over-year. The company's net profit attributable to shareholders reached 13.33 million yuan, marking an 18.07% rise compared to the same period last year.
In terms of product performance, lighting appliances generated the highest revenue, totaling 109.94 million yuan, a 21.07% increase year-over-year, with a gross profit margin of 41.08%. LED displays followed closely, generating 7.54 million yuan in revenue, a 21.52% year-over-year increase, and a gross profit margin of 32.19%. Meanwhile, photoluminescent signage brought in 3.82 million yuan, a 51.85% year-over-year increase, with a gross profit margin of 17.53%.
Tailong Lighting attributes its growth to several factors, including its successful listing on the Growth Enterprise Market (GEM) in May 2017. This move has not only enhanced the company’s operational funding but also bolstered its brand recognition. Additionally, the company’s strong R&D capabilities, product quality, and effective market strategies have contributed to its steady expansion and improved profitability.
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These results underscore the resilience and innovation of the lighting industry. It’s clear that companies like Op Lighting, Huacan Optoelectronics, and Tailong Lighting are not only adapting to market demands but also setting new benchmarks for excellence.
*Source: https://*
**Tags:** Op Lighting, Huacan Optoelectronics, Tailong Lighting
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