On March 22, Guoxing Optoelectronics released the first quarter 2017 results forecast. It is estimated that the company's net profit for the first three months of 2017 will be 48.565 million yuan to 56.14 million yuan, compared with 37.427 million yuan in the same period of last year, an increase of 30.00% to 50.00%.
The company said that the above predictions are based on the following reasons: The main reason is that the company's capacity expansion has gradually released and sales revenue has increased.
Guoxing Optoelectronics Co., Ltd. is a national high-tech enterprise integrating R&D, design, production and sales of high-end semiconductor light-emitting diodes (LEDs) and their application products.
The main products are divided into LED epitaxial wafers and chips (including epitaxial wafers of various powers and sizes, LED chip products), and device products (including display device products, white light device products, special device products, indicating device products) and components. Products (including display modules and backlights) and lighting applications (including light sources and lighting products, etc.).
In 2016, the industry competition is still grim. Due to the continuous growth and improvement of the terminal application market, the scale expansion and price increase of upstream and midstream enterprises have been promoted. The application of LED small-pitch display continues to break out, and the popularity of LED products continues to rise. China's LED industry has gradually entered a new round of development period in which product prices have stabilized and even increased, product technology upgrades, market penetration has increased, integration competition has continued, industrial layout has improved, and industry structure has been adjusted.
It is worth mentioning that in 2016, National Star Optoelectronics achieved a total operating income of 2,148,423,900 yuan, an increase of 31.54% over the same period of last year; the net profit attributable to shareholders of listed companies was 192,220,200 yuan, an increase of 20.02% over the same period of the previous year.
Overall, the entire 2016 National Star Optoelectronics is closely surrounding the development philosophy of “Dedicated to become a fully developed LED enterprise†and the 2016 business objectives. On the one hand, we will continue to strengthen the LED industry foundation, deepen the construction of core technology systems, and enhance the market. Share, continue to consolidate the industry's leading position; on the other hand, market-oriented, optimize marketing strategy, improve the value of the upstream, middle and lower reaches of the industrial chain through technology layout, management improvement, scale expansion, capital operation, etc., and accelerate the pace of internationalization of enterprises To enhance the company's profitability and comprehensive competitiveness, the overall operation has achieved sustained and steady growth.
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