Lehman Optoelectronics: LED package decline in display still is a pillar

The first-half profit fell. August 16, the company aounced results for the first half of the report,Led Ceiling Lamps the reporting period the company achieved operating income of 148 million yuan, an increase of 21.50%; operating profit of 20.3545 million yuan, down 3.72%; 20.1151 million yuan of net profit attributable to shareholders of the Company , an increase of 2.73%; and fully diluted eaings per share of 0.15 yuan.

The Led Wall Washer package devices and lighting product performance continues to decline. Due to poor macroeconomic performance at home and abroad, the first half of the LED industry as a whole needs a slight slowdown, combined with lower prices and rising labor costs and other factors influence the reporting period, the line LED, SMD LED devices and lighting products the income fell 34.03%, 18.80% and 24.84%, gross margin decreased to 8.48%, 7.24% and 15 .. 47%. Packaged devices profitability reduce in line with our expectations, and the future still exists the possibility of further decline in profit growth of packaged devices need to rely on the enhancement of the volume to compensate for the decrease in gross margin.

The Led Washer is a new bright spot in the first half results. During the reporting period, the company's LED display business achieved operating income of 86.7081 million yuan, an increase of 110.55%, the proportion of total operating income of 59%, mainly due to the company introduced the T-Tile Outdoor Full Color Magic Screen Series, U-Tile households within the full-color magic screen Series and the black Diamond series devices SMD outdoor full color display new products and overseas markets to expand smoothly, customer acceptance of new products. We believe that the company currently produces full-color LED display belong to the high-end products in the market, technical content and high value-added products, profitability is relatively stable, so the LED display business will become the biggest thing of the future operating results.

Raise investment projects progressing smoothly and gradually put into operation in the second half. Companies raise investment project has been completed by the end of June,LED Street Lightingis expected by the end of October will be gradually put into use. In addition, the company scope of business to actively extended to new areas and try all aspects of energy saving and environmental protection, EMC, and strive to foster the company's new profit growth point.