Dry Photoelectric And Poly Can Photoelectric Announced 2018 Performance Forecast, Performance?

- Jan 27, 2019-

Yesterday (24) evening, dry according to photoelectric and poly can photoelectric have disclosed the 2018 results forecast, both net profit pre-deduction.

In 2018, the net profit attributable to shareholders of the listed company is expected to be 17 million yuan to 21 million yuan, down 0.27% to 19.26% from 210.5603 million yuan in the same period last year.

Gan zhaoguang said that the performance change is mainly due to the LED chip market price drop, resulting in the company's product gross margin decreased year-on-year.

At the same time, due to the impact of the company's production expansion, administrative and financial expenses increased year-on-year.

Jucan photoelectric expects a profit of 20 million yuan to 25 million yuan in 2018, down 77.28% to 81.82% from 11 million yuan to 25 million yuan in the same period last year.

For the decline in performance, ju can photoelectric said, by the impact of intensified competition, product price adjustment, gross margin decline;

Affected by the construction of subsidiaries, the number of managers and other personnel increased, and the management expenses increased significantly;

Factor construction drives the increase of financing demand and the financial expense increases greatly;

In order to integrate the production capacity brought by the cost advantage of mining scale, the production capacity of the suzhou plant dropped sharply from the previous year, so the overall performance of this year dropped from the previous year.

In addition, under the influence of the above adverse factors, the company accelerated the release of production capacity of suqian subsidiary, which led to a substantial increase in output in the fourth quarter.

Increased the product market development dynamics, promoted the output to obtain the effective digestion;

At the same time, the expansion of scale brings obvious benefit of cost dilution. Process optimization promotes continuous improvement of efficiency, continuous improvement promotes gradual improvement of quality, and the gross profit rate tends to rise.

In addition, the company effectively promoted the integration of assets, assisted in the completion of land repurchase, optimized the asset structure, and improved the efficiency of asset operation.

To sum up, the company's net profit in the fourth quarter increased significantly and the annual performance was profitable.