Zhouming Technology released its 2013 performance forecast on the evening of January 15. The company expects to achieve a net profit of 45 million yuan to 50.6 million yuan in 2013, an increase of 98.25%-122.22%.
Zhou Ming Technology said that the main reason for the surge in performance was that during the reporting period, with the completion of the company's Pingshan production base, the company's production capacity was fully released, directly promoting the increase in operating income. At the same time, according to the established strategy at the beginning of the year, the company achieved resource integration and focus. The overseas market share of LED lighting was further improved, and the lighting performance was greatly improved compared with 2012. In addition, the company actively carries out research and development of new products that are highly competitive in the market. Among them, independent innovation products represented by LED high-definition commercial TVs such as UTV series, “Umesh†and “Ivy League†have won strong recognition from the market and customers. Cases spread over all important occasions, deepening the penetration rate and market share of the company's flagship products in the market segment, directly promoting the steady improvement of display performance.
In the third quarter of 2013, as the company completed the relocation of its own production base in Pingshan, the LED display and lighting workshop doubled, and the production capacity increased significantly. The display capacity increased to 100,000 square meters per year, 2-3 times the original capacity. The production capacity of LED tubes and LED street lamps has been expanded to 8 million pieces/year and 600,000 units/year, respectively, which is more than 4 times of the original production capacity. Since the third quarter, the company's performance has grown rapidly. In the third quarter, its sales revenue reached 227 million yuan, a year-on-year increase of 39.09%, a quarter-on-quarter increase of 24.36%, and a net profit of 14.74 million yuan, a year-on-year increase of 642.1% and a quarter-on-quarter increase of 109.1%. At the same time, the sales orders of the company's high-density LED super TVs have increased significantly; the sales revenue of LED lighting products has also begun to increase, especially the sales of street lamps in Guangdong Zhouzhou, a subsidiary, has shown rapid growth.
Some brokerage analysts believe that in 2014, Chau Ming Technology will achieve a two-line breakthrough in the two main businesses of lighting and LED display, achieving higher performance growth. "We are optimistic about the layout of the company's lighting business in the e-commerce channel, and the investment in e-commerce channels may become a tool for the long-term growth of the company's lighting business."
The above-mentioned analysts said that the layout of e-commerce in the lighting business of Chau Ming Technology is expected to achieve high growth by virtue of the first-mover advantage. In the first half of 2013, the company's LED lighting products officially entered Taobao Mall (Tmall), and subsequently cooperated with Jingdong Mall, successfully built an online platform for offline services. In September 2013, the company increased its capital by Shanghai Hanyuan Lighting Engineering Technology Co., Ltd. with its own cash of 4.84 million yuan, and obtained 20.59% equity of Hanyuan. Wuyuan Lighting is the leading LED sales platform on Tmall. From 2010 to 2012, it won the Tsingtao platform LED lighting sales champion for three consecutive years. In 2012, it won the Jingdong Mall LED lighting sales champion. The company's cooperation with Wuyuan Lighting in the form of shareholding will help the company to quickly open sales when the proportion of sales payment for e-commerce platform continues to increase.
In the LED display business, Chau Ming Technology's LED small-pitch TV has improved the structure of its display business. The company's traditional display products are mainly concentrated in outdoor advertising, plaza and other occasions. At present, it has already produced small-scale products including P1.2, P1.6, P1.9, P2.5 and other specifications, and released 110 inches, 124. Inch, 144-inch, 216-inch, 288-inch, 300-inch high-definition blinking stereo LED super TV and standard-definition blinking stereo LED super TV.
According to the above analysts, “the price of small-pitch products is higher and the gross profit margin is much higher than that of traditional products. Small-pitch products will improve the display business structure and improve the profitability of the display business of Chau Ming Technology.â€
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
the life time and reliability of the end product will decrease.
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PTTC (Polytronics) is another top quality but much cheaper than Bergquist in the word ,it is made in TaiWan .visit PTTC.
Zhou Ming Technology said that the main reason for the surge in performance was that during the reporting period, with the completion of the company's Pingshan production base, the company's production capacity was fully released, directly promoting the increase in operating income. At the same time, according to the established strategy at the beginning of the year, the company achieved resource integration and focus. The overseas market share of LED lighting was further improved, and the lighting performance was greatly improved compared with 2012. In addition, the company actively carries out research and development of new products that are highly competitive in the market. Among them, independent innovation products represented by LED high-definition commercial TVs such as UTV series, “Umesh†and “Ivy League†have won strong recognition from the market and customers. Cases spread over all important occasions, deepening the penetration rate and market share of the company's flagship products in the market segment, directly promoting the steady improvement of display performance.
In the third quarter of 2013, as the company completed the relocation of its own production base in Pingshan, the LED display and lighting workshop doubled, and the production capacity increased significantly. The display capacity increased to 100,000 square meters per year, 2-3 times the original capacity. The production capacity of LED tubes and LED street lamps has been expanded to 8 million pieces/year and 600,000 units/year, respectively, which is more than 4 times of the original production capacity. Since the third quarter, the company's performance has grown rapidly. In the third quarter, its sales revenue reached 227 million yuan, a year-on-year increase of 39.09%, a quarter-on-quarter increase of 24.36%, and a net profit of 14.74 million yuan, a year-on-year increase of 642.1% and a quarter-on-quarter increase of 109.1%. At the same time, the sales orders of the company's high-density LED super TVs have increased significantly; the sales revenue of LED lighting products has also begun to increase, especially the sales of street lamps in Guangdong Zhouzhou, a subsidiary, has shown rapid growth.
Some brokerage analysts believe that in 2014, Chau Ming Technology will achieve a two-line breakthrough in the two main businesses of lighting and LED display, achieving higher performance growth. "We are optimistic about the layout of the company's lighting business in the e-commerce channel, and the investment in e-commerce channels may become a tool for the long-term growth of the company's lighting business."
The above-mentioned analysts said that the layout of e-commerce in the lighting business of Chau Ming Technology is expected to achieve high growth by virtue of the first-mover advantage. In the first half of 2013, the company's LED lighting products officially entered Taobao Mall (Tmall), and subsequently cooperated with Jingdong Mall, successfully built an online platform for offline services. In September 2013, the company increased its capital by Shanghai Hanyuan Lighting Engineering Technology Co., Ltd. with its own cash of 4.84 million yuan, and obtained 20.59% equity of Hanyuan. Wuyuan Lighting is the leading LED sales platform on Tmall. From 2010 to 2012, it won the Tsingtao platform LED lighting sales champion for three consecutive years. In 2012, it won the Jingdong Mall LED lighting sales champion. The company's cooperation with Wuyuan Lighting in the form of shareholding will help the company to quickly open sales when the proportion of sales payment for e-commerce platform continues to increase.
In the LED display business, Chau Ming Technology's LED small-pitch TV has improved the structure of its display business. The company's traditional display products are mainly concentrated in outdoor advertising, plaza and other occasions. At present, it has already produced small-scale products including P1.2, P1.6, P1.9, P2.5 and other specifications, and released 110 inches, 124. Inch, 144-inch, 216-inch, 288-inch, 300-inch high-definition blinking stereo LED super TV and standard-definition blinking stereo LED super TV.
According to the above analysts, “the price of small-pitch products is higher and the gross profit margin is much higher than that of traditional products. Small-pitch products will improve the display business structure and improve the profitability of the display business of Chau Ming Technology.â€
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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