Recently, the first half of 2017 report released by Yamao Optoelectronics showed that as of June 30, 2017, the operating income for the first half of 2017 was 144 million yuan, an increase of 209.58% over the same period of the previous year; the net profit attributable to the shareholders of the listed company was 15.95 million yuan, an increase of 218.26% over the same period of the previous year.
In the sub-sector, Yamao Optoelectronics belongs to the electric light source industry, and energy-saving lamps and LED lamps belong to the electronics industry. R&D, production and sales of main business lighting fixtures (LED lights, HID lamps, electronic energy-saving lamps, etc.).
The company's sales model mainly adopts the distribution model, and the company's sales are divided into two parts: domestic sales and export business. The domestic products of the company's products are mainly domestic distributors. The domestic distributors are divided into two categories: export traders and domestic distributors. The downstream sales of export traders are still mainly sold to overseas markets, so the overall sales of the company's products. Mainly concentrated in overseas markets, accounting for more than 80% of the company's total sales.
The company's profit model is based on the core technology of lighting production, research and development, design and production of HID lamp LED lights and electronic energy-saving lamps, relying on the sales of these products to achieve major profit. The company's procurement model is basically ordered according to the order demand, the main raw materials are LED light source components, power supply devices, quartz tubes, glass bulbs, halogen, electrode materials, alumina ceramic tubes.
During the reporting period, the company's operating conditions increased significantly compared with the same period of last year. The company's operating income was 144,478,589.37 yuan, an increase of 209.58% over the same period of last year. The increase in operating income was mainly due to the fact that LED new products invested in R&D in 2015 have realized products since 2016. Sales and industrial production, the main customer is North American ZOREN, ZOREN is an important partner of Yamao, the products are directly exported to the US supermarket, the customer's current sales increased by nearly 100 million yuan compared with the same period of last year; in addition, the company strengthened its new customers Follow-up, maintenance of old customers, establish a better customer relationship, thereby increasing sales.
Gross profit margin decreased from 29.41% in the same period of last year to 22.85%, mainly due to the product. The two new products in the current period of the company's products were sold with large sales but lower gross profit margin than other products.
The net profit of the company's shareholders attributable to the listed company and the net profit growth attributable to the listed company's shareholders after deducting non-recurring gains and losses were 218.26% and 219.37%, respectively, mainly due to the rapid growth of the company's operating income during the reporting period.
The company will continue to strengthen the research and development of new technologies for LED light sources, and continuously develop new products that meet market requirements, mainly for new products that reduce raw materials and production costs, and new products that are temporarily short on the market. We will continue to face the challenges of fierce competition for LED products in the global market, strengthen management, improve production quality and efficiency, and actively participate in market competition.
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