Four More Copies In The First Quarter, With Revenue Of Up To $1.6 Billion

- Apr 24, 2019-

On the evening of June 22, ocean king, dry lighting, tailong lighting and opal lighting not only disclosed their 2018 annual reports, but also released their first quarter 2019 reports. Among them, opu lighting's revenue reached 1.6 billion yuan.In addition, opm and king of the sea revenue and net income have achieved varying degrees of growth.Ocean king 1Q19 achieved a revenue of 25,2.418,600 yuan, up 15.47% year on year, mainly due to the company's deep excavation of customer demand.The net profit attributable to shareholders of the listed company was 21.0431 million yuan, up 17.72% year on year.Dry photo opto-electronics 1Q19 realized revenue of 19,5442,600 yuan, down 12.33% year on year, and realized net profit attributable to shareholders of listed companies of 2,561,000 yuan, down 94.59% year on year.Dry as photoelectric said the company net profit year-on-year in current synthetic fell, the specific factors is: affected by nanchang during new project, management expenses and financial expenses rose and the LED chip prices fell, resulting in a decrease of profit and revenue, at the same time the company the non-recurring profit and loss of year-on-year decline in net profit decline.In addition, the company expects a cumulative net profit of 0-37 million yuan in the first six months of 2019, down by 70-100% from the same period last year.Compared with the same period of last year, the reasons for the change in performance include the decline in chip market price and the decline in gross margin.Secondly, affected by the construction of nanchang blue and green chip project, the administrative and financial expenses increased year on year.The initial production cost of nanchang project in the second quarter is high and the gross profit is low.In addition, the company's non-recurring profit and loss year-on-year decline has a certain impact on net profit.Tailong lighting achieved revenue of 96.4690 million yuan in 1Q19, up 40.24% year on year, mainly due to increased market demand.The net profit attributable to shareholders of the listed company was 6.6057 million yuan, down 15.04% year-on-year.The report shows that during the reporting period, the company's overall business situation remained stable, the order execution was good, the market and business model were not changed significantly, but the company's business line and business scale continued to expand, and the company's fixed cost expenses increased.Especially in the first quarter, LED by the shenzhen team business expansion and SAP system online, the influence of such factors as cost of company growth is more, the company increased income scale, but in the first quarter is the traditional business off-season, fell income scale, comprehensive influence, the company after the buckle not net profit down 4.29% from a year earlier.Opm 1Q19 achieved revenue of 166,32245 yuan, up 12.17% year on year, mainly due to increased market demand.The net profit attributable to shareholders of the listed company was 86.1342 million yuan, up 22.76% year on year.