On August 13, the new third board listed company Yachengwei (430552.OC) released the 2015 semi-annual report. From January to June 2015, Yacheng Micro's operating income reached RMB 130.725 million, a year-on-year increase of 15.76%; the net profit attributable to listed company shareholders was RMB 1,127,900, an increase of 16.68% over the same period of last year. As of June 30, 2015, the total assets of Yacheng Micro reached 7177.98 million yuan, an increase of 59.96% compared with the end of last year. The net assets attributable to the listed company's shareholders increased by 93.21%.
Yacheng Micro said in the semi-annual report that the main reason for the increase in net profit was that the company's newly launched LED products were gradually put into the market in 2015, and the gross profit margin increased by 9.21% in the report period.
According to the data, Yachengwei is a fabless design company in the integrated circuit industry. It adopts the model of “independent R&D + entrusted processingâ€. The company is mainly engaged in LED lighting, network communication, smart phones, tablet computers and TV set-top boxes, computers and computer interface devices. Other electronic product manufacturers provide high conversion efficiency, high reliability, green energy-saving power management chips. Revenues are mainly sales revenue from consumer electronics AC/DC converter chips and LED lighting driver series chips.
In the field of consumer electronics, Yachengwei has a good reputation and a high market share. Yu Yuanqiang, general manager of Yacheng Micro, said in an interview with Gaogong LED that the market share of the network communication tool "cat" (modem) has exceeded 40%.
With the accumulated technical experience in the field of consumer electronics driver ICs, Yacheng Micro released the series of LED intelligent lighting products in the fourth quarter of 2013, and established two main technical platforms: high-voltage linear and switching power supply dimming to satisfy customers. Demand also ensures that lighting manufacturers can use their products more distinctively and conveniently.
It is understood that Yachengwei's LED driver ICs are cheaper in terms of achieving the same functions, which can greatly help lighting companies to reduce costs and maximize profits. "We hope that in addition to providing technical support to customers, we can also provide customers with higher added value, and can stand at the forefront of the market, allowing customers to achieve more functional manifestations." Yu Yuanqiang said.
Yacheng Micro said that in 2015, the company increased its investment in the LED market, and invested heavily in intelligent lighting solutions, intelligent solutions for homes and businesses. Represented by the intelligent lighting scheme of "APP+Light+Control System", a series of LED intelligent system solutions for intelligent wireless remote control and intelligent constant illumination control for high-end home and commercial lighting markets have been recognized by the market and customers. Adopted by well-known companies, the market prospect is very broad. 
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