The annual report of the listed company's annual report has entered an intensive period.
Aoyang Shunchang released its annual financial report today. The data shows that in 2016, the company achieved a total operating income of RMB 1,198,489,700, a year-on-year increase of 19.77%; operating profit of RMB 276,621,900, an increase of 7.52%; attributed to the owner of the parent company. The net profit was RMB 20,562,400, a decrease of 14.83% over the same period of last year; the net profit attributable to shareholders of listed companies, net of non-recurring gains and losses, was RMB 16,642,390, a decrease of 2.98% from the same period of the previous year.
During the reporting period, the LED chip market experienced integration and reshuffle, the industry concentration was further improved, the market structure became healthier and more reasonable, and the LED industry demand continued to grow. The market began to pick up in the second quarter.
During the reporting period, the LED chip market experienced integration and reshuffle, the industry concentration was further improved, and the market structure became healthier and more reasonable.
LED industry demand continues to grow. With the orderly integration of industry, chip prices have gradually increased from the bottom of the first quarter, the market as a whole has warmed up, and prices have gradually returned to a reasonable level, which has also contributed to the performance of the chip business in the second half of the year. Far higher than the first half.
During the reporting period, the company's LED production line was basically fully operational. The annual output of the chip was equivalent to 2.05 million pieces of 2-inch film, and the performance, quality and yield of the product were in good condition.
With excellent management and cost control capabilities, the company's operating level and profitability are better than the industry average. Huai'an Optoelectronics achieved operating income of RMB 373,290,600 during the reporting period, contributing a net profit of RMB 635.999 million to shareholders of listed companies, accounting for 30.93% of the net profit of listed companies.
Since the second half of 2016, the company has accelerated the pace of expansion of LED epitaxial wafers and chip industrialization projects. The related equipment has gradually arrived and installed and commissioned since November 2016. The first quarter of 2017 began to gradually release production capacity. The production capacity is expected to reach a scale of 800,000 pieces per month, and the scale and profitability are at the forefront in the LED chip industry.
During the reporting period, the company initiated the establishment of Jiangsu Aoyang Shunchang Integrated Circuit Co., Ltd., and plans to invest in integrated circuit chip projects. In view of the current uncertainties, the company will suspend project construction.
Mulinsen is an important customer of the company. For a long time, due to the needs of production and operation, the company sells products and commodities to it, including metal materials and LED chips. On December 20, 2016, the company signed the Capital Increase Agreement of Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. with Mulinsen and related parties.
In December 2016, the subsidiary Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. introduced strategic cooperation Fang Mulinsen Co., Ltd.
Mulinsen increased its capital to Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. with a capital of RMB 500,000, accounting for 26.68% of the registered capital, accounting for 18.38% of the registered capital, and became a subsidiary of Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. Important shareholder.
The data shows that Aoyang Shunchang and its subsidiaries sold LED products and metal materials to Mulinsen in the total amount of RMB 220,132,269.86 in 2016.
According to the previous agreement, in the future, Mulinsen will preferentially purchase the LED chips produced by Huai'an Optoelectronics according to the market price. The LED chips produced by Huai'an Optoelectronics will be preferentially supplied to Mulinsen according to the market price. At the same time, the company supplies metal materials to Mulinsen at market prices.
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