On the afternoon of March 31, Ruifeng Optoelectronics (300241.SZ) issued a performance forecast. The net profit attributable to shareholders of listed companies in the first quarter of 2014 was 684.46-855.58 million yuan, a decrease of 0-20% compared with the same period of the previous year. Mainly affected by the small decline in large-size backlight products in the company's second largest main business.
The company said that in the first quarter of 2014, although the company's overall sales achieved good growth, the growth was mainly due to the lighting LED products, while the large and medium-sized backlight products that contributed a lot to the company's profits showed a slight decline, leading to the company. The overall profit showed a year-on-year decline.
According to industry insiders, due to the slowdown in global LCD TV growth, the market structure is relatively stable, and the growth rate of the large-size backlight market has slowed down. The company has responded quickly to market dynamics and increased investment in LED lighting projects. As disclosed in the company's 2013 annual report, the investment in production equipment for “Lighting LED Product Technology Transformation Project†has also been fully implemented, with an annual production capacity increase of 1350 KK and an annual production capacity of lighting LED products of 2,470 KK.
From the analysis of the company's 2013 annual report, LED lighting products became the company's first main business, operating income of 329 million yuan, accounting for 48.30% of total operating income, while large and medium-sized backlight LED retired to become the company's second largest The business, accounting for 42.49% of the total operating income. The cumulative income of the two main businesses accounted for 90.79% of the total operating income.
The company's three-year strategic goal is to focus on improving the company's technological advantages and market opportunities in the field of LED packaging, and gradually shift its business core from medium and large backlight LEDs, lighting LEDs to medium and large backlight LEDs, and lighting LEDs. The expansion of small-size backlights, automotive electronics, lighting modules and other multi-service areas will drive the company to achieve leapfrog development in the next three years.
A brokerage researcher said that the company acquired a 13% stake in Lingtao Optoelectronics in February, which will help the company to cut into small and medium-sized backlights and expand its business scope. Global smartphones and tablets will continue to grow in the next two years. It is expected that tablet shipments in 2014 are expected to reach 320 million units, a 45% increase. In particular, the growth of low-end smartphones and tablets has brought more opportunities to mainland backlight companies.
The company's 2013 annual report shows that the company achieved operating income of 682 million yuan, an increase of 36.4% compared with the same period of the previous year; net profit attributable to shareholders of listed companies was 56.6 million yuan, an increase of 20.78% compared with the same period of the previous year.
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