The second quarter of the light-emitting diode (LED) was profitable, which was significantly higher than the first quarter. Among them, Jingyuan Optoelectronics (2448), which is the winner of the upstream epitaxial plant, has a gross profit margin of 34% in the second quarter, ranking first in the LED factory, with a profit growth of 80% in the quarter; Hongqi (6168) has a quarterly growth rate of 177%. Even if the semi-annual report is not as good as expected (8111), due to the low base period in the first quarter, the profit growth in the second quarter was as high as 247%, only the net profit per share was 0.35 yuan in the first half of the year, and the P/E ratio was higher than the downstream. LED packaging factory.
Statistics last week, only four of the LED factories announced the semi-annual report. It is expected that the profitable billion light (2393) will still be the profitable king of the LED factory this week; the round of the second quarter (3061) turned into a profit However, the profit per share is about 0.2 yuan.
Jingdian announced the semi-annual report last week. The net profit after tax in the second quarter was 618 million yuan, 80% higher than the 344 million yuan in the first quarter. Due to the full production of high-end blue LEDs in the second quarter, the gross profit margin jumped sharply. From less than 30% in the first quarter to 34%, since the current crystal power orders are mainly based on high-order blue light, it is estimated that the third quarter gross margin will still have room for improvement.
According to the semi-annual report of Jingdian, according to the evaluation of the Yuanyuan Research Center, the second-quarter net profit after the tax was 619 million yuan, which greatly exceeded the market estimate of 560 million yuan, about 10.5%, and the operating expenses maintained about 10.8 of the revenue. %, better than the previous forecast of 11%, reiterated the buy, target price of 196 yuan.
LED packaging factory Yuhong (3031) second-quarter gross profit margin also increased significantly by 4 percentage points to 26%, making the second quarter after-tax net profit of 139 million yuan, more than 60% over the first quarter of 85 million yuan, on the The net profit per share for the first half of the year is 1.44 yuan.
Shunhong estimates that both August and September revenues will grow. The company expects third-quarter revenue to grow 10% to 15% from the second quarter.
In the second quarter of the LED company, there was also Hong Qi. The average gross profit margin of Hongqi in the second quarter has risen to 22%, which is better than market expectations. The net profit after tax in the second quarter is about 86 million yuan, which is the first. In the quarter, the 31 million yuan increased by 177%. The net profit after tax in the first half of the year was 117 million yuan, and the net profit per share was 0.78 yuan.
Looking forward to the third quarter, Hongqi consultant and spokesperson Qian Songling pointed out that from the current shipment situation, the third quarter revenue is still expected to set a new record for the single season, with a quarterly growth rate of at least 20%. After entering the solar module, the shipment has not been as good as expected. The net profit after tax in the first quarter was only 5.58 million yuan. Although the second quarter earned 19.4 million yuan, which was a big increase from the first quarter, the semi-annual report still made the market Disappointed, the first half of the net profit per share of 0.35 yuan, the price-earnings ratio is also significantly higher in the LED packaging plant.
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LED Corn Light Co., Ltd. , http://www.cnoutdoorlight.com