Zhou Ming, According To The Buddha And Other 7 Enterprises Published A Quarterly Report, Two Of Which Net Profit More Than Doubled

- Apr 26, 2019-

Recently, LED related industry report card one by one to announce, in addition to 8 annual reports, there are 7 a quarterly report, respectively from infield, foshan lighting, chau Ming technology, hong li zhi hui, ruifeng optoelectronics, China body technology and famous home.

The four enterprises realized double growth of net revenue and profit, among which, China sports technology and mingjiahui performed well, with net profit growth exceeding 100%.


Infinito 1Q19 achieved a revenue of 219.6436 million yuan, down 0.21% year on year, and realized a net profit of 17.52665 million yuan attributable to shareholders of the listed company, up 19.92% year on year.


The reason for the stable growth of the company's performance during the reporting period is that the company's business plan is carried out orderly and the overall operation is stable.

The company's business development is good, the internal management level continues to improve, and the production and operation continue to develop healthily.


Foshan lighting 1Q19's revenue was 88,9232,800 yuan, down 20.84% year on year, and the net profit attributable to shareholders of the listed company was 86,659 million yuan, down 10.25% year on year.


Zhouming technology realized 1Q19 revenue of 111,795.69 million yuan, up 30.09% year on year, and realized net profit of 82,417,900 yuan attributable to shareholders of listed companies, up 56.65% year on year.


The report shows that the revenue growth is mainly due to the company's active expansion of LED display in domestic and overseas markets and the growth of landscape lighting business.


Hongli zhihui 1Q19 achieved a revenue of 942,702,000 yuan, up 7.89% year on year, and realized a net profit of 103,014,700 yuan attributable to shareholders of listed companies, up 11.28% year on year.


Honglizhihui said that during the reporting period, the company's main business maintained a stable growth, while the company strengthened the management of capital and foreign exchange, financial expenses decreased significantly compared with the same period last year, resulting in a year-on-year increase in the first quarter's net profit.


The revenue of ruifeng photoelectric 1Q19 reached 309.578 million yuan, down 6.29% year on year, and the net profit attributable to shareholders of the listed company reached 16.3601 million yuan, down 42.77% year on year.


Q1 reports indicate that the company net profit decline reasons include: on the one hand, the market competition is intense, price competition, product prices to fall further, on the other hand, the company in order to improve the inventory structure, lower stock price risk, decisive clean up some old inventory at a discount, cause the product gross margin down 5.34% from a year earlier.

At the same time, the company has always paid attention to r & d innovation, to enhance the competitive advantage of the product market, r & d investment in this reporting period increased by 4.4630 million yuan compared with the same period last year.

In addition, as required by the accounting standards, the government subsidy income that should be recognized as other income during this reporting period is 10.8 million yuan less than the same period last year.


Hti technology 1Q19 achieved revenue of 13,226,600 yuan, up 3.58% year on year, and realized net profit of 23,50,000.00 yuan attributable to shareholders of listed companies, up 102.28% year on year.


Mingjiahui 1Q19 realized revenue of 26,245.70 million yuan, up 71.48% year on year, and realized net profit of 70,193,200 yuan belonging to shareholders of listed companies, up 105.20% year on year.


Mingjiahui said that during the reporting period, the company undertook more large and medium-sized projects year by year, and the company's lighting engineering business experience gradually accumulated and the industry awareness further improved, the company's operating income and net profit achieved a greater growth.