Yuanfang Optoelectronics (300306) released its 2012 annual report. During the period, it achieved operating income of 128.07 million yuan, down 11.45% year-on-year; net profit attributable to shareholders of listed companies was 72.48 million yuan, down 25.07% year-on-year; equivalent to 0.60 yuan per share. . Lower than previously expected.
During the reporting period, the company's comprehensive gross profit margin was 68.5%, a slight increase of 0.2 percentage points over the previous year; the company's three expenses (sales expenses, management expenses and financial expenses) accounted for 27.72% of the revenue, an increase of 2.9 year-on-year Percentage points. Among them, management expenses increased by 11.41% year-on-year, mainly due to the company's increased investment in product research and development during the period (in the current period, the company's R&D expenses accounted for 8.96%, up 1.35 percentage points year-on-year); sales expenses increased by 3.97% year-on-year, mainly The company has stepped up its efforts in market development, especially on the basis of establishing a domestic sales network, and actively promoting the layout of overseas markets.
2012 is a year of deep adjustment of the LED lighting industry. The growth rate of the entire industry has slowed down significantly and has become a low point in recent years. Affected by the sluggish downstream demand, the company's products in 2012 were not as good as expected in domestic and international markets. At the same time, the company's fundraising projects (with an annual output of 1,500 sets of LED photoelectric testing equipment expansion projects), although progressing in an orderly manner, but suffering from the weak downstream demand, the progress of fundraising projects has also slowed down.
At present, the LED lighting industry is still in the adjustment stage. In the first half of this year, demand will remain in a relatively low state. Demand improvement may have to wait until the second half or later. At the same time as the company released its annual report, it also released the forecast for the first quarter of 2013. It is estimated that the net profit of the first quarter will be between 1,256 and 836,600 yuan, a year-on-year decrease of 5% to 35%.
During the reporting period, the company's comprehensive gross profit margin was 68.5%, a slight increase of 0.2 percentage points over the previous year; the company's three expenses (sales expenses, management expenses and financial expenses) accounted for 27.72% of the revenue, an increase of 2.9 year-on-year Percentage points. Among them, management expenses increased by 11.41% year-on-year, mainly due to the company's increased investment in product research and development during the period (in the current period, the company's R&D expenses accounted for 8.96%, up 1.35 percentage points year-on-year); sales expenses increased by 3.97% year-on-year, mainly The company has stepped up its efforts in market development, especially on the basis of establishing a domestic sales network, and actively promoting the layout of overseas markets.
2012 is a year of deep adjustment of the LED lighting industry. The growth rate of the entire industry has slowed down significantly and has become a low point in recent years. Affected by the sluggish downstream demand, the company's products in 2012 were not as good as expected in domestic and international markets. At the same time, the company's fundraising projects (with an annual output of 1,500 sets of LED photoelectric testing equipment expansion projects), although progressing in an orderly manner, but suffering from the weak downstream demand, the progress of fundraising projects has also slowed down.
At present, the LED lighting industry is still in the adjustment stage. In the first half of this year, demand will remain in a relatively low state. Demand improvement may have to wait until the second half or later. At the same time as the company released its annual report, it also released the forecast for the first quarter of 2013. It is estimated that the net profit of the first quarter will be between 1,256 and 836,600 yuan, a year-on-year decrease of 5% to 35%.
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