On August 13, Huacan Optoelectronics Co., Ltd. (hereinafter referred to as “Huacan Optoelectronicsâ€) released the “2016 Semi-annual Report Summaryâ€.
According to the announcement, during the reporting period, the sales volume of Huacan Optoelectronics LED chip products increased by 98.24% compared with the previous year. At the same time, the acquisition of blue crystal technology increased the sales revenue of substrate wafers, and realized operating income of 612,952,839.44 yuan, an increase of 41.16 over the same period of the previous year. %, compared with 434,235,248.16 yuan in the same period last year.
The announcement also showed that Huacan Optoelectronics achieved a net profit of RMB 51,317,600 in the first half of the year, an increase of 323.02% over the same period last year. The reasons for the change in net profit in 2016 compared to the same period of the previous year are:
1. The decline in price is greater than the decrease in cost, resulting in a decrease in operating profit. However, after the chip products experienced a decline in the fourth quarter of 2015, the price in the second quarter of this year was slightly higher than that in the fourth quarter of the previous year and the first quarter of this year.
2. Huacan Optoelectronics seized the opportunity of market recovery in the second quarter and actively explored the market to adjust its product strategy in a timely manner.
3. At the same time, the implementation of streamlining personnel, reducing costs and controlling costs and other measures, so that the second quarter results began to improve.
4. Since May, the wholly-owned subsidiary Blue Crystal Technology has been included in the scope of Huacan Optoelectronics consolidated statements.
5. On the other hand, the government subsidies included in the current profit and loss during the reporting period have increased significantly from the previous year.
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