On the afternoon of July 14, Huacan Optoelectronics (300323) released the first half of 2016 performance forecast. It is estimated that from January 1 to June 30, 2016, the net profit will be 52.8 million yuan -55.56 million yuan, a year-on-year increase of 320%. 350%.
Gaogong LED looked through the first quarterly report of Huacan Optoelectronics and found that the net profit attributable to shareholders of listed companies in the first quarter of 2016 was -13.9 million yuan. It is expected to turn losses into profit in the first half of the year. It can be seen that the market situation in the second quarter is quite impressive.
Huacan Optoelectronics said that in the second quarter, some enterprises in the industry stopped production of backward production capacity, the LED chip market began to pick up, and some product prices rebounded slightly. The company also adjusted its product strategy in a timely manner and strictly controlled costs, thereby enhancing its profitability.
Another important reason for its wholly-owned subsidiary Yunnan Yunnan Nanjing Co., Ltd. (hereinafter referred to as “Yunnan Nanjingâ€) has been included in the scope of consolidated statements since May.
In fact, this is also the inevitable result of Huacan Optoelectronics' frequent efforts in the LED business this year to strengthen the company's competitiveness through a number of positive measures.
The first is to expand production.
The 1.5 billion yuan cooperation agreement signed with Mulinsen in April this year clearly shows that Mulinsen will preferentially purchase Huacan Optoelectronics products under the same conditions. The value of LED chip products purchased by Mulinsen from Huacan Optoelectronics in the next three years will be no less than 15 100 million yuan. The latter will give priority to the supply of Mulinsen under the same conditions.
This also puts higher requirements on the production capacity of Huacan Optoelectronics. Huacan will also adopt a series of measures to ensure the implementation of this agreement.
In Yiwu, Zhejiang, Huacan Optoelectronics invested 6 billion yuan in LED epitaxy, chip and sapphire projects, and the production capacity will reach a new level. In addition, Yiwu Industrial Park will increase the production of sapphire cutting.
The Zhangjiagang plant area, which has been given the great power source of Huacan Optoelectronics, has also started 15 MOCVDs this year to further supplement its production capacity. Even the production facilities in the Wuhan headquarters will be further modified to increase chip production.
Followed by capital action.
In April 2016, in order to expand the company's development space in the third-generation semiconductor application direction and expand the new application fields of the company's products, Huacan Optoelectronics' 3 million shares participated in the radar-related field in the field of robotics.
In addition, it is the acquisition of Blue Crystal Technology. After a long game, in early June, 100% equity of Lanjing Technology was finally registered and registered under the name of Huacan Optoelectronics.
Anyone concerned about this acquisition knows that Huacan Optoelectronics has to acquire Yunnan Nanjing since April 2015, when the former plans to raise no more than 600 million yuan for the acquisition. Among them, the 324 million yuan invested in Yunnan Nanjing will be used for the construction of two projects of Blue Crystal Technology, namely “LED Single Crystal Substrate Industrialization Project†and “Sapphire Window Materials New Product Development Application Projectâ€.
Some senior industry insiders believe that this may be an important layout for Huacan Optoelectronics this year.
According to the data of the High-tech Research Institute LED Research Institute (GGII), China has become the LED epitaxial chip manufacturing center, and its shipments will continue to rise in the next few years. In 2015, shipments accounted for approximately 45%. 70% of the world's MOCVD equipment is in China, and in 2016 equipment and shipments are further concentrated in large enterprises.
"In the upstream competition, there will be more capital influx in the future, and the industry will gradually move toward the development route of 'technology-capital-management-branding'." Hua Di Optoelectronics Vice President Bian Difei also believes that the device localization rate is fast. With the improvement, the concentration of the industry has risen rapidly, and the domestic large factories have been expanding in the domestic market. The trend of “the big ones is obviousâ€.
As a well-known LED upstream enterprise in China, Huacan Optoelectronics is worth looking forward to.
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