The decline in product prices slowed down. The net profit of Guoxing Optoelectronics in the first half of the year increased by 13.23%.

Guoxing Optoelectronics (002449) disclosed the 2016 semi-annual report on the evening of August 17. The company achieved a total operating income of 105,458,900 yuan in the first half of 2016, an increase of 16.36% over the same period of the previous year; the net profit was 94,621,900 yuan, compared with the same period of the previous year. The increase was 13.23%.

The semi-annual report shows that in the first half of 2016, the LED industry experienced full competition for a long time, and some inferior enterprises and their production capacity gradually withdrew from the market. With the deepening of de-capacity, the decline in the price of industrial products slowed down, and cross-border mergers and acquisitions in the industry. Now, the industry's leading market share and competitiveness have been strengthened. With the support of the controlling shareholder Guangsheng Company, the company continuously integrates the high-quality assets of all parties, actively deploys forward-looking industry sectors, and promotes the rapid and steady development of the company.

During the reporting period, the company has developed small-sized indoor high-density high-density 0808/0606 products and outdoor high-defense high-density 1921 devices, achieving indoor P2/outdoor P4 small-pitch high-density display; developing color temperature COB and integrated modules Actively broaden the series of new high-growth products such as UV, IR and automotive; launch new high-performance EA series and DB eagle eye track lights, panel lights, diamond downlights, candle lights and other new products. The company has added 12 new patent applications.

In terms of production capacity, the company expanded its production project with its own funds of no more than 240 million yuan, and the production capacity was released in batches. Based on the high-end, differentiated market routes, we will promote the marketing strategy of “big customers and strong customers”. At the same time, it optimizes the layout of upstream chips (National Semiconductor + Yaweilang Technology) and downstream lighting applications. Currently, it has more than 1,000 lighting sales channel outlets, 8 provincial operation centers, 5 direct sales offices, and the number of core dealers in the country. More than 800 companies have continuously strengthened the market channel construction of their own products.

In addition, the company further explored markets in Southeast Asia, the United States, and Europe in the first half of the year, expanded lighting distribution channels and engineering channels, strengthened the development and services of overseas markets, and improved the strategic layout of globalization. With the advantage of the vast platform of Hirose, it has formed good synergies with other companies.

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