Zhaochi shares (002429) released a semi-annual report, achieving operating income of 3.09 billion yuan in the first half of the year, an increase of 17.36%. Among them, LED products and accessories business income of 473 million yuan, an increase of 18.19% over the previous year; product gross margin was 14.81%, an increase of 5.76 percentage points over the same period last year.
The competition in the LED industry is still fierce. The operating income of the company's LED products and accessories has maintained steady growth compared with the same period last year.
According to the report, this is mainly due to the fact that on the one hand, the company adjusted its product structure in a timely manner according to market conditions, and actively transformed into a mid-to-high-end market. At the same time, it adhered to the strategy of large customers and enhanced the development of quality customers.
On the other hand, the company increased investment in research and development, accelerated the speed of new product development, and continued to promote lean production management, and production efficiency continued to increase.
In the first half of the year, the production expansion plan of 120 production lines was successfully completed, the production capacity was further released, the manufacturing cost of production units was gradually reduced, and the gross profit margin was increased. As a result, profits increased faster than the same period of the previous year.
In terms of the performance of the three participating subsidiaries involved in the LED business, Shenzhen Zhaochi Energy-saving Lighting Co., Ltd. (listed in the first half of this year) has a revenue of 350 million yuan in the first half of the year, achieving a net profit of 14.79 million yuan; Shenzhen Zhaochi Optoelectronics Co., Ltd.'s revenue in the first half of the year was 80,539,200 yuan, and net profit was 1,352,100 yuan. Jiangxi Zhaochi Photoelectric Co., Ltd. (partial LED business) had revenue of 238 million yuan in the first half of the year and net profit of 27,507,300 yuan.
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