Alto Electronics 1H18 Revenue Growth Intelligent Landscape Lighting Project Contribution

- Aug 08, 2018-

This morning, alto Electronics announced the disclosure of its semi annual performance report for 2018.——LED lighting

According to the announcement, during the reporting period, the operating revenue of Otto Electronics was 791 million 791 thousand and 900 yuan, up 77.92% from the same period, and the operating profit was 90 million 196 thousand and 700 yuan, a year-on-year increase of 53.18%, and the net profit belonging to the shareholders of the listed company was 83 million 126 thousand and 700 yuan, up 36.10% from the same period.——LED lighting

Alto electronics said that the main reason for the year-on-year increase in performance was the growth of the company's operating revenue. The report of this report is to strengthen the management of accounts receivable, the return of accounts receivable should be increased rapidly over the same period, and the net amount of cash flow generated by operating activities has been obviously improved, up 48.43% over the same period last year. As of June 30, 2018, the company held more than 25 million US dollars in foreign currency.——LED lighting

Statistics show that the top three major business segments of LED are application, financial technology and sports business. In the first half of the year, LED applications achieved revenue of 719 million yuan, an increase of 72.78%, accounting for 90.76% of total revenue, gross margin of 27.86%. The company said that LED application revenue growth was mainly due to the "smart landscape lighting project" revenue growth.——LED lighting

According to the product's revenue composition, the main products of the company include: LED video display system, LED information publishing system, intelligent landscape lighting engineering, network intelligent integration and equipment, service, software integration and others. Among them, the LED video display system achieved a revenue of 129 million yuan, accounting for 16.28% of total revenue and 45.29% gross margin. The smart landscape lighting project achieved a revenue of 560 million yuan, accounting for 70.7% of total revenue and a gross margin of 23.30%.——LED lighting

On Mini LED products, according to the report, the latest development of the company's "Mini LED commercial display system", a one-time solution to the ultra-small spacing of LED display easily damaged, COB product non site maintenance and surface ink, display color consistency and other issues, the system has more than 30 authorized patents from all over the world.——LED lighting

In addition, the operating performance expected by Otto electronics in 1-9 months of 2018 is that the net profit attributable to the shareholders of the listed company is positive and does not belong to the case of turning loss to profit.——LED lighting

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