Inventronics LED driver power supply gross profit margin reached 36.38%
Inventronics released its 2019 annual report. In 2019, the company achieved a total operating income of 1.009 billion RMB, an increase of 4.50% over the same period of the previous year; net profit attributable to shareholders of listed companies was 106 million RMB, which was higher than the previous year, a year-on-year increase of 51.04%.
The main reason for the relatively high proportion of net profit growth is: during the reporting period, the company actively responded to the changing market situation, operated steadily, continuously improved its operation management, controlled raw material procurement costs, optimized the expense structure, and the net profit attributable to shareholders of listed companies was relatively high. There was a good growth in the same period last year.
The annual report shows that the company's main product LED drive power supply realized operating income of 885 million RMB in 2019, contributing 87.71% of operating income to the company, corresponding to a gross profit margin of 36.38%, an increase of 3.92 percentage points from the same period last year. .
In 2019, Inventronics invested 71,425,200 RMB in R&D, accounting for 7.08% of the current operating income, leading the way among comparable listed companies. With its high-intensity R&D investment, the company continues to transform its research projects into product competitiveness.
During the reporting period, in the field of LED lighting drive, the company completed a new generation of compact and wide-voltage input intelligent programmable LED drivers (EUM series), long strip constant voltage LED drivers for landscape lighting applications (EBV-F series), and R&D and mass production of long strip non-isolated constant current LED drivers (LMT series) and constant current LED drivers (EUD series) for explosion-proof applications.
At present, the specifications of the LED driver power supply product line are complete and cover the mainstream needs of the market. The products have been successfully applied to the LED lighting system of the Zhuhai-Hong Kong-Macao Cross-sea Bridge, Qingdao Jiaozhou Bay Bridge, and the LED street lamp renovation project from Beibei to Beihuan Road of Chongqing Yuwu Expressway, the Shanghai Center LED lighting project, the Marginal Pinheiros street lamp project in Sao Paulo, Brazil, the San Francisco-Oakland Bay Bridge LED lighting system, the G20 landscape lighting, Qingdao Shanghe Summit and other lighting projects, all kinds of products sell well in more than 80 countries and regions around the world.
In the field of new energy vehicle charging products, the company has completed the research and development of some new products of the OBC series of mini-vehicle lithium batteries with CAN. At the same time, it has launched OBC and DCDC two-in-one products and medium and high-power OBC products. The company has laid out a more comprehensive LED market segment. In addition to road lighting, industrial lighting, commercial lighting, landscape lighting, etc., its LED drive power product applications also include sports lighting, plant lighting, explosion-proof lighting, UVLED, fire-fighting lighting, fishery lighting, security monitoring and other emerging applications.
Inventronics' sales revenue is relatively high in overseas markets. With its global marketing network and service system, stable and improved quality, effective supply guarantee, comprehensive product line, excellent product development and technical strength, Inventronics has also achieved important growth in overseas markets. The annual report shows that the company achieved 217,738,700 RMB in North America, an increase of 27.97% over the same period last year. And the African market has also achieved a major breakthrough. During the reporting period, the company has completed the establishment of an Indian subsidiary, a Hong Kong subsidiary, and a Mexican subsidiary, and established overseas factories in India and Mexico, which further enhanced the company's global operating capabilities and production capacity in multiple regions around the world. Build a global supply chain system to meet the needs of customers in North America, the Middle East, Africa, and India. In February 2020, the production and operation of the company's Indian subsidiary has been fully and orderly, and mass production and supply have been achieved. At present, the Mexican subsidiary has also carried out preliminary site leasing, equipment purchase and personnel recruitment.