Jufei: Performance growth exceeds 30%

【文|High-tech LED reporter Zhao Hui】In 2014, the operating income reached 991 million yuan, a year-on-year increase of 31.43%; the net profit attributable to shareholders of listed companies was 179 million yuan, a year-on-year increase of 36.64%.

This is the 2014 annual performance report of the small and medium-sized backlight manufacturer Jufei Optoelectronics (300303.SZ).

On the evening of March 13, Jufei Optoelectronics disclosed the 2014 annual report. According to the report, in 2014, Jufei Optoelectronic Backlight LED realized sales income of 854,470,500 yuan, an increase of 37.04% over the same period of the previous year of 623,369,600 yuan, accounting for the main business income. 86.65%.

Among them, the most intriguing is that Jufei Optoelectronics, which is a small and medium-sized backlight faucet, has begun to exert its strength in the field of medium and large size backlights. According to the annual report data, in 2014, Jufei Optoelectronics made great progress in the middle and large-size backlight field, and its performance has increased substantially. The proportion of its main business income has increased from 21.14% in the previous year to 29.31%. At the same time, dozens of developments have been developed. Medium and large size backlight products of different models and specifications.

"With the accumulation of product development, production management, market development, etc. in the early stage, it has begun to supply large-size backlight devices and light bars to domestic mainstream LCD TV manufacturers such as Skyworth, Hisense and Changhong, as well as several other second-tier manufacturers." Yin Jinghuang, director of Fei Optoelectronics, said that in the large-size backlight field, Korean companies have a certain leading position, and domestic enterprises have entered the stage of rapid market entry. With the enhancement of the strength of large-size backlights in domestic LED packaging companies, domestic enterprises are expected to Welcome more opportunities.

In the LED lighting device business, Jufei Optoelectronics also increased its efforts. In 2014, the company's lighting business realized revenue of 113 million yuan, accounting for 11.43% of the main business income.

However, Jufei Optoelectronics also admits that due to the low gross profit margin of lighting devices, the future growth of the lighting business in total revenue may affect the company's comprehensive gross profit margin. In 2014, the gross profit margin of Jufei Optoelectronics LED backlight business was 30.45%, while the gross profit margin of lighting business was only 16.13%.

In the field of LED flashlights, Jufei Optoelectronics has already sent samples to the application plants in 2014, and mass production can be achieved in the first quarter of this year.

In October 2014, Jufei Optoelectronics announced the “Non-Public Issuance of Stocks Plan”. The total amount of funds raised is not expected to exceed RMB 600 million. After deducting the issuance expenses, it will be used for “Backlight LED Products (Devices, Light Bars) Expansion Project” And “Lighting LED Product Expansion Project” and “LED Technology R&D Center Expansion Project”.

It is understood that the relevant application materials have been reported to the CSRC and the notice of acceptance issued by the CSRC has been obtained.

When talking about the business growth point of Jufei Optoelectronics in the future, Yin Jinghuang said, “The medium and large-size backlight products are growing rapidly, because the current market share is still small; the internationalization strategy implementation of the small-size backlight business provides new products for the company. Market growth space; the smooth development of new businesses such as optical film and flashlights has fostered new profit growth points for the company."

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