In the context of a 50% year-on-year decline in the first quarter, Ruifeng Optoelectronics achieved rapid growth in the second quarter, basically making up for the decline in performance caused by the market downturn in the first quarter. According to the company's 2012 semi-annual performance forecast, net profit for the first half of the year is expected to decline by 12%-0%, corresponding to a net profit of 1302-1553 million yuan in the second quarter, an increase of 26%-50% year-on-year and a 162% increase from the previous month. - 212%.
Since July, LED-related listed companies have successively released medium-term estimates. Ruifeng Optoelectronics is more ideal than its peers. The core reason why Ruifeng's performance is significantly better than the industry average is that the company is mainly engaged in medium and large-size LED backlights, which is different from those engaged in display, lighting and even small-size backlights. Benefiting from the increase in LED TV penetration rate and the company's substitution for Taiwanese products, the company's sales of large and medium-sized LCD backlight LEDs from Konka and Changhong increased significantly in the second quarter, driving the company's overall sales revenue to increase by approximately 40%. %, corresponding to a year-on-year increase in revenue of more than 20%. At the same time as revenue growth, the company's expense ratio remained stable during the period, with about 1.5 million government subsidies and hundreds of thousands of interest income, and thus increased the company's sales profit margin.
Due to internal changes in NVC Lighting, Ruifeng’s original cooperation agreement with NVC was in fact on hold. If Ruifeng hopes to continue to advance in this field, it is necessary to find a new direction of industrial cooperation. Ruifeng expects sales revenue in 2012-2014 to be 385 million yuan, 490 million yuan, and 622 million yuan respectively; net profit attributable to owners of the parent company is 0.5 billion yuan, 66 million yuan, and 0.84 billion yuan respectively; 0.47 yuan, 0.61 yuan, 0.78 yuan.
Since July, LED-related listed companies have successively released medium-term estimates. Ruifeng Optoelectronics is more ideal than its peers. The core reason why Ruifeng's performance is significantly better than the industry average is that the company is mainly engaged in medium and large-size LED backlights, which is different from those engaged in display, lighting and even small-size backlights. Benefiting from the increase in LED TV penetration rate and the company's substitution for Taiwanese products, the company's sales of large and medium-sized LCD backlight LEDs from Konka and Changhong increased significantly in the second quarter, driving the company's overall sales revenue to increase by approximately 40%. %, corresponding to a year-on-year increase in revenue of more than 20%. At the same time as revenue growth, the company's expense ratio remained stable during the period, with about 1.5 million government subsidies and hundreds of thousands of interest income, and thus increased the company's sales profit margin.
Due to internal changes in NVC Lighting, Ruifeng’s original cooperation agreement with NVC was in fact on hold. If Ruifeng hopes to continue to advance in this field, it is necessary to find a new direction of industrial cooperation. Ruifeng expects sales revenue in 2012-2014 to be 385 million yuan, 490 million yuan, and 622 million yuan respectively; net profit attributable to owners of the parent company is 0.5 billion yuan, 66 million yuan, and 0.84 billion yuan respectively; 0.47 yuan, 0.61 yuan, 0.78 yuan.
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