More than half of the first half of 2018, a number of LED listed companies have recently begun to release 2018 semi-annual results forecast. As of July 24, 31 A-share LED segments announced the 2018 mid-term results forecast, and the OFweek semiconductor lighting network statistics found that (by the net profit growth cap), 23 listed companies belonged to the first half of 2018 The net profit of the shareholders of the parent company (hereinafter referred to as “net profit”) all achieved year-on-year growth, of which 15 companies achieved net profit growth of more than 50%, as shown in the following table:
From the statistical data, the most obvious net profit pre-increased is "Ai Bison", an increase of 189%-212%; the highest net profit pre-increased is "Liad", which is 537.81 million - 593.45 million yuan. Among the enterprises with net profit reduction, in addition to the loss of distant information, Jucan Optoelectronics and Guangdong Ganhua's net profit, the remaining listed companies with net profit reduction are still profitable. Among them, Guangdong Ganhua's net profit loss was the most serious, with a net loss of 31 million yuan to 42 million yuan, a year-on-year decrease of 54.38%-109.10%.
Among the 31 LED listed companies that have disclosed the 2018 semi-annual results forecast, 24 LED listed companies have increased their net profit. Among them, there are 4 companies with a net profit increase of over 100%, accounting for 12.9%; 11 companies with a net profit increase of 50%-100%, accounting for 35.48%; net profit pre-increased from 0%-50% and There were 8 companies with a net profit decline, accounting for 25.8%.
From the performance contribution point of view, downstream enterprises benefit from the continuous penetration of small distance, strong landscape lighting orders (such as famous exchanges), and new business models (Abisen's hotel service operation and maintenance) and other business and channels to carry out smooth and subsequent sustainability Ok, so the overall LED downstream application is better than the upstream chip package. However, from the performance stability, sustainability and strategic layout in recent years, the industry has gradually become distinctly differentiated: Liard, Ai Bison, and Chau Ming Technology, which focus on LED display/illumination, are eye-catching; The performance of cross-border education and smart homes such as Lehman shares and Lianjian Optoelectronics declined significantly.