Pengyuan Optoelectronics' revenue in the first half of the year increased by 64.97% year-on-year. Net profit increased by 11.49% year-on-year.

Pengyuan Optoelectronics (430688) recently released the first half of 2016 report that as of June 30, 2016, the operating income for the first half of 2016 was 30,196,200 yuan, an increase of 64.97% over the same period of the previous year; the net attributable to the shareholders of the listed company The profit was 6.761 million yuan, an increase of 11.49% over the same period of last year; the basic earnings per share was 0.14 yuan, an increase of 11.74% over the same period of the previous year.

As of June 30, 2016, Pengyuan Optoelectronics' assets totaled 215 million yuan, an increase of 3.35% from the beginning of the period. The asset-liability ratio was 66.73%, down 2.14 percentage points from the beginning of the period. The net cash flow from operating activities was RMB 4,739,900, an increase of 15.11% over the same period of the previous year.

During the reporting period, Pengyuan's gross profit margin was 54.35%, an increase of 7.82 percentage points over the same period of the previous year, which was mainly due to the increase in operating income, which diluted the fixed costs such as depreciation distributed in finished products and increased gross profit margin.

Pengyuan Optoelectronics' net profit for the first half of 2016 was 6,760,900 yuan, an increase of 11.49% over the same period of the previous year of 6,604,400 yuan, mainly due to the significant increase in operating income and gross profit margin, and the decrease in management fees and financial expenses.

According to the new three board data, Pengyuan Optoelectronics Co., Ltd. is engaged in the research, development, production, sales and supply of high-end LED packaging and LED indoor and outdoor functional lighting products.

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