Yiguang recently held a shareholder meeting. Chairman Ye Haofu pointed out that the global LED industry is still showing a serious oversupply of price competition. Under the pressure of price of lighting terminal brand manufacturers, LED lighting package manufacturers have the first to bear the brunt, plus the strong appreciation of the US dollar, the world LED production value declined for the first time.
Thanks to its rigorous cost control capabilities and uninterrupted new niche product development, Everlight continued to sail in the LED Blue Ocean channel, but its revenue and after-tax profit declined by 5.6% and 15.9% in 2015, respectively. 4.27 yuan, this year with a cash dividend of 3 yuan.
Among them, the consolidated revenue in 2015 was 28.87 billion yuan, a consolidated revenue of 30.57 billion yuan in 2014, a decline of 5.6%. The combined net profit after tax was 1.83 billion yuan, a net profit of 2.18 billion yuan compared with 2014, a decline of 15.9%.
Looking forward to 2016, Ye Haofu said that despite the slowdown in demand for consumer applications such as backlight demand, Yiguang has continued to increase its Korean and Japanese TV brand customers this year. In the lighting segment, it has benefited from the decline in LED lighting products and market penetration. The rate is rising, component shipments are growing rapidly, and the penetration rate of LED lighting is expected to exceed 50% this year.
Ye Haofu said that LED lighting still has the pressure of falling prices this year. Yiguang has taken advantage of product research and development and strict supply chain management to ensure profit and gross profit margin, and to grasp the business opportunities in the lighting market.
In addition, Yiguang has also actively developed niche-type products, and started production in automotive LEDs in the second quarter, expanding production scale. UV products are also officially released for mass production, and are put into the market for curing and disinfection applications. Invisible products have been cut into virtual reality. With the use of the Internet of Things, it helps to get rid of the pressure of price downs. The operating performance is expected to outperform the peers this year.
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