Strong Performance from Three Major Lighting Companies: Op, Huacan, and Tailong

Published Date: August 25, 2017 | Source: LEDinside Share:

This morning, three prominent lighting companies—Op Lighting, Huacan Optoelectronics, and Tailong Lighting—released their semi-annual reports. The results show that all three companies have delivered impressive performances.

Op Lighting's Half-Year Performance Shines with a Net Profit of 259 Million Yuan

According to Op Lighting’s semi-annual report, the company's operating income reached approximately 3.01 billion yuan, representing a 34.75% increase compared to the same period last year. The total profit amounted to around 314 million yuan, marking a 38.28% rise year-over-year. The net profit attributable to listed company shareholders was 259 million yuan, reflecting a year-on-year increase of 41.29%. Currently, Op Lighting operates across four key sectors: home lighting, commercial lighting, lighting sources, and lighting controls. The company attributes its growth primarily to expanded sales volumes in the current period. Moving forward, Op Lighting plans to continue adhering to its core values of innovation, responsibility, and speed, while focusing on IoT and smart lighting initiatives. These efforts are expected to drive steady business growth across all divisions.

Huacan Optoelectronics Posts a Net Profit Surge of Over 300% in H1

Huacan Optoelectronics reported that all of its production lines are fully operational, resulting in a shortage of products. In response to market demand, the company has accelerated the expansion and release of new capacity, leading to significant increases in production and sales volumes compared to the previous year. This has boosted the company's production capacity, and sales of LED chip products have seen a substantial rise compared to the prior year. Consequently, operating income reached 1,193,033,500 yuan, representing a 94.64% increase year-over-year. The pricing of LED chips remained stable, maintaining the positive trend observed since the fourth quarter of last year, with a high capacity utilization rate. Additionally, the company managed to reduce the average cost per unit of its products, pushing its gross profit margin to 33.72%, a marked improvement over the previous year. Furthermore, the company’s operating profit in the first half of the year totaled approximately 146.33 million yuan, representing a 601% increase year-over-year. The combination of rising revenue and improved gross profit margins significantly contributed to the company’s profit growth during this period. For the first half of the year, the company recorded a net profit of 21,062,300 yuan, a 306.28% increase compared to the same period last year. After excluding non-recurring gains and losses, the net profit was 12,747,400 yuan, marking a 474.28% increase. The acquisition of Blue Crystal Technology in 2016 has also contributed positively to the company’s overall profitability. Meanwhile, improvements in production efficiency and product performance, coupled with a 40.96% year-over-year increase in export revenue, have further bolstered the company’s financial standing.

Tailong Lighting Reports Revenue of 122 Million Yuan, with Net Profit Up 18.07% YoY

For the first half of 2017, Tailong Lighting achieved operating income of 121,922,294.12 yuan, representing a year-over-year increase of 21.66%. The net profit attributable to shareholders of the parent company was 13,331,447.91 yuan, marking a 18.07% year-over-year increase. In terms of product categories, lighting appliances generated the highest revenue, totaling 109,942,369.70 yuan, up 21.07% year-over-year, with a gross profit margin of 41.08%. Second in line were LED displays, which brought in revenue of 7,536,500.88 yuan, a 21.52% year-over-year increase, with a gross profit margin of 32.19%. Signage lighting contributed 3,816,832.86 yuan in revenue, marking a 51.85% year-over-year growth and a gross profit margin of 17.53%. Tailong Lighting attributed its growth over the past six months to the successful listing of the company on the Growth Enterprise Market (GEM) in early May 2017. This move not only enriched the company’s operating funds but also enhanced its brand recognition. Furthermore, the listing provided favorable conditions for the company’s rapid and sustainable development. Leveraging its strong research and development capabilities, product advantages, and effective market strategies, Tailong Lighting has witnessed steady growth in both business scale and profit levels.

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Tags: Op Lighting, Huacan Optoelectronics, Tailong Lighting

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