Analysis of financial reports of many LED lighting companies in the first half of the year
The first half of the year has passed, and the disclosure of the 2020 semi-annual report period of various LED lighting companies has officially ended. So what about the interim reports of these LED lighting companies? The following editor has compiled the interim reports of several LED lighting companies, including Op Lighting, Tailong Lighting, Debang Lighting, Sunlight Lighting, Unilumin Technology, etc. Let’s analyze it together!
Only Debang Lighting achieved double profits, while Oppe Lighting, Tailong Lighting, Sunlight Lighting, Unilumin Technology, and Bull Group were both profitable. On August 20, Debang Lighting released the 2020 semi-annual report. From January to June 2020, the company realized operating income of 2.084 billion yuan, a year-on-year increase of 5.56%, and net profit attributable to shareholders of the listed company was 172 million. Yuan, an increase of 41.08%. The reason for the increase in operating income of Debang Lighting is that LED lighting products, automotive lighting products, and modified plastic pp products have achieved a substantial increase; the reason for the increase in net profit is due to the good sales of LED lighting products and modified plastic pp products. Therefore, it has promoted the rapid growth of gross profit margin. The reasons for the decline in profits of other LED lighting companies are mostly due to the impact of the epidemic, blocked exports, a large reduction in orders, and the fierce market competition in the lighting industry, so lighting companies generally face huge operating pressure.
Entered midway to grab "cake"
Here I want to talk about Bull Group and Lu Yitong in detail, because these two companies entered the partnership halfway through. This news was quite a sensation at the time. After all, when it comes to Bull Group, did you think of the Bull brand socket immediately like the editor? . The business model of Bull Group is "lighting plus electrician", which is the same as Op Lighting's model. Many people will have such doubts, why does Bull Group involve in the field of LED lighting? After all, many excellent LED lighting products on the market are from leading companies such as Op Lighting, Sunlight Lighting, Signify, Sanxiong Aurora, etc., and their position in the lighting market is difficult to shake.
On January 3 this year, the Bull Group received the IPO approval and was listed on the Shanghai Stock Exchange on February 6. As of February 17, the market value of Bull Group has exceeded 100 billion yuan, and it has become the first domestic enterprise in the field of lighting electrical application products with a market value of more than 100 billion yuan.
According to the performance report for the first half of this year, the Bull Group’s net profit was 804 million yuan, the profit growth rate fell by 24.62%, and the total operating income was 4.109 billion yuan, a year-on-year decrease of 17.35%. Regarding the situation that led to the decline in profits, the Bull Group said that because the arrival of the epidemic disrupted its own plans, in order to speed up the catch-up, the Bull Group continued to increase its LED lighting business layout and rapidly expand its product line. It is understood that the smart products of the Bull Group will be launched soon, and will also cooperate with platforms such as Baidu, JD, Alibaba, and Xiaomi, and expressed optimism about the performance report in the second half of the year.
Speaking of Lu Yitong, let’s take a look at his performance report for the first half of this year. In the first half of 2020, the company achieved operating income of 1.904 billion yuan, a year-on-year increase of 4.02%; net profit attributable to shareholders of listed companies 2. 7.6 billion yuan, down 1.33% year-on-year. According to the editor's information, Lu Yitong acquired Shenghui Holdings in 2017 and then began to be involved in the LED lighting industry. Now the company's business scope includes electrical complete equipment business, LED lighting business, etc. In the past few years, I have been working hard in the lighting industry. Although I joined the company halfway, my achievements in this industry are not bad. Some people in the industry have commented on Lu Yitong in this way, saying that he is a relatively successful "star" in LED companies, and hopes that Lu Yitong will have a better development in the future.
With the reasonable manipulation of China's epidemic situation, each LED lighting company slowly resumed production and operation, but because of the great damage in the first quarter, the overall net profit of several lighting companies in the first half of the year showed a sharp decline. Looking forward to the future, I feel that every LED manufacturer must persevere in training, consolidate the foundation, and actively develop new products. Only in the future will there be plenty of opportunities to increase its market share in this field.