Performance of the hottest led new third board com

What is the performance of LED new third board company

as of October 15, 2018, the number of enterprises listed on the new third board of China has reached 10928, the vast majority of which are typical small and medium-sized enterprises and growth enterprises. At present, there are 130 led enterprises (Shenwan industry) listed on the new third board, including 125 in the basic layer and 5 in the innovation layer. The enterprises in the innovation layer are Yuanheng optoelectronics, Suijin optoelectronics, zhongyunchuang, Leite technology and Fenghai technology

2015 and 2016 are the hot period of the new third board, and a large number of led enterprises have chosen the new third board for listing. Among these 130 enterprises, one was listed in 2013, 16 in 2014, 39 in 2015, 52 in 2016, 14 in 2017, and only eight new enterprises have entered the industry since 2018. After 2015 and 2016, the number of listed enterprises in the industry has decreased year by year

the performance of LED listed enterprises in the first half of 2018

small enterprises have high performance pressure, and pay attention to leading enterprises. In 2017, 130 enterprises had a total revenue of 14.692 billion yuan, a total net profit of 657 million yuan, and 35 enterprises with a net profit of more than 10million yuan. Zhaochi energy conservation ranked first with a net profit of 106 million yuan, far ahead

in 2018, 122 of h1130 new third board companies disclosed semi annual reports, and the 122 listed companies' total revenue was 7.717 billion yuan, an increase of 13.65% year-on-year; In 2018 H1, the total net profit was 263million yuan, a year-on-year decrease of 31.79%, with a significant decline

among these 122 enterprises, 74 enterprises have positive net profits and 48 enterprises have negative performance; The top 20 enterprises in terms of revenue and net profit are shown in the following figure respectively:

the total net profit of the top 20 enterprises accounts for 130.80% of the total profit. The total revenue accounted for 58.11%, and the concentration was very high

enterprise performance

1 Zhaochi energy saving

company is an LED packaging enterprise, which is mainly engaged in the R & D, production and sales of LED devices and components. Its products are positioned in the two core application fields of LED lighting and LED backlight. In H1 2018, the company achieved an operating revenue of 764million yuan, an increase of 34.58% over the same period last year. The increase in performance was mainly due to the upgrading of technology and production investigation and troubleshooting, the upgrading of quality control and manufacturing, and the steady expansion of business scale; The net profit was 69 million yuan, an increase of 71.15% over the same period last year, mainly due to: on the one hand, the revenue increased significantly, and the interest rate increased by 2.87%; On the other hand, corporate wealth management income increased

production expansion: in the first half of 2018, the company signed the supplementary agreement to the investment agreement with the people's Government of Qingshanhu District, Nanchang City, to invest in additional LED packaging production lines on the basis of the original plan to build 1000 new LED packaging production lines (the final amount shall be subject to the actual increase). The first phase of the expansion project of 1000 LED packaging production lines is expected to reach 50% production by the end of 2018 and reach full production in 2019

2. Dart lighting

dart lighting is mainly engaged in the construction of urban landscape lighting projects, the design and maintenance of related landscape lighting projects, and the R & D and production of LED lighting products. In the first half of 2018, the company achieved a revenue of 178 million yuan, an increase of 43.88% year-on-year; The net profit attributable to the parent company was 32.1777 million yuan, a year-on-year decrease of 7.89%. The increase in revenue was mainly due to the increase in revenue from the demonstration of its ability to provide comprehensive solutions for medical devices. The decrease in net profit was mainly due to the decrease in gross profit margin due to the fact that most engineering projects used external lamps in the first half of 2018. At the same time, due to the increase in the bonus accrued by business personnel in the current period and the increase in the salary of management personnel by the company, the expenses during the period increased. In addition, some accounts receivable that have not been collected have withdrawn more bad debt reserves according to their aging

dart lighting applied for listing on the gem in 2017. After obtaining the application acceptance notice issued by the CSRC on June 28, 2017, due to the adjustment of the company's business strategic planning and listing plan, it decided to suspend the listing process. And applied to the CSRC for withdrawal of listing application materials in May this year

3. Suijing optoelectronics

the company's main business is led packaging, engaged in the R & D, production and sales of SMD LED products. In the first half of 2018, the operating revenue was 230 million yuan, an increase of 64.75% over the first half of 2017; The net profit was 26.4771 million yuan, an increase of 45.66% over the first half of 2017. The operating revenue and net profit increased significantly year-on-year. The increase in performance is the comprehensive result of the company's increasing market expansion, continuing to introduce talents, continuing to increase R & D investment and strengthening operation control

4. Jingke electronics

Jingke electronics is engaged in the R & D, manufacturing and sales of LED devices, module light sources, optical engines, intelligent lighting and other products, and is in the middle reaches of the LED industry chain. The total operating income of the company was 450 million yuan, an increase of 0.92% over the same period last year, and the net profit attributable to the shareholders of the listed company was 23.34 million yuan, a decrease of 15.6% over the same period last year of 27.65 million yuan

5. Songsheng shares

the company's main business is the R & D, production and sales of LED drive power supply. The company achieved an operating income of 193 million yuan, an increase of 118.07% over the same period last year; During the reporting period, the net profit was 22.81 million yuan, an increase of 113.71% over the same period last year. Due to the sharp rise in raw material prices of upstream suppliers in the industry over the past year, the gross profit margin of products fell from 29.93% in the same period last year to 25.89% in the reporting period, a decrease of 4.04 percentage points

6 The main business of zhongyunchuang

company is the R & D, production and sales of LED general lighting fixtures. The company's products are mainly divided into three categories: first, street lamps and building lighting lamps used for engineering lighting; Second, indoor lighting fixtures and decorative lamps; Third, the transformer is OEM and sold. In the first half of 2018, the company achieved an operating revenue of 80.99 million yuan, an increase of 35.38% over the same period last year, and a net profit of 18.97 million yuan, an increase of 47.89% over the same period last year. The main reason for the increase of the company's operating income is the increase of Engineering income with large profit space

7. Haoen Zhilian

the company lays out smart home, smart business and smart agriculture, and provides customers with LED intelligent lighting, plant lighting, intelligent hardware and other products, as well as intelligent IOT system solutions, cutting into IOT. During the reporting period, the company's production and operation were in good condition, with an operating income of 28.154 million yuan, an increase of 86.51% over the same period last year, and a net profit of 14.76 million yuan, an increase of 81.33% over the same period last year. The main reason for the performance growth is the growth of sales revenue and the strict control of costs

8. Yamamoto optoelectronics

Yamamoto optoelectronics company is engaged in the R & D, manufacturing and sales of LED backlight. In H1 2018, the company achieved an operating income of 287.6 million yuan, a year-on-year increase of 50.88% in computer screen display experimental force and experimental curve, and the net profit attributable to shareholders of the listed company was 11.94 million yuan, a year-on-year increase of 158.04%. The company has made a layout of the full screen intelligent backlight. With the beginning of the second quarter of this year, the full screen intelligence has exploded in the market, quickly meeting the needs of customers in terms of manufacturing, quality and delivery

9. Hongliang optoelectronics

Hongliang optoelectronics company and its subsidiaries focus on the R & D, production and sales of LED packaging devices. The 2018 semi annual report shows that the enterprise achieved a revenue of 89.47 million yuan; The net profit attributable to the shareholders of the listed company was 13.685 million yuan

10. Fukai shares

Fukai shares is mainly engaged in the R & D, production and sales of LED general lighting products. In the first half of 2018, the company's revenue was 96.5192 million yuan, a year-on-year increase of 76.34%, and the net profit attributable to the parent company was 12.2696 million yuan, a year-on-year increase of 143.40%. The main reason for the increase in revenue was the expansion of key customers during the reporting period and the improvement of product cost performance and competitiveness

digression: Why did the upsurge of the new third board decline

the reasons for the decline of the boom are different, and the reasons are summarized as follows:

(1) stricter supervision. In February, the CSRC issued the relevant questions and answers on whether the IPO is the subject asset of enterprises to participate in the restructuring transactions of listed companies, pointing out that with regard to the restructuring and listing transactions, enterprises should run for at least three years after the IPO is rejected before planning the restructuring and listing. For other restructuring transactions that do not constitute the restructuring and listing, the CSRC will also focus on the specific reasons for the IPO and the rectification situation. This alone discourages many enterprises

(2) the threshold will rise after passing. Since the establishment and operation of the issuance and Examination Committee of the CSRC, the audit has become stricter, the issuance and examination pass rate has been greatly reduced, and the financial threshold of IPO enterprises has been raised

(3) bypass listing. Some enterprises on the new third board have taken up the idea of mergers and acquisitions, waiting for the acquisition of large A-share listed companies on the main board, "sit back and enjoy the success", which can save a lot of trouble. In 2017, mergers and acquisitions in the new third board market were active, and listed companies' Mergers and acquisitions of enterprises on the new third board remained hot. According to the statistics of Guangzhou securities Hang Seng, 38 cases of mergers and acquisitions of listed companies on the new third board were completed in 2017, with a year-on-year increase of 52%, of which small-scale enterprises with good growth at the basic level are more favored

(4) cost and benefit. It takes more than half a year for an enterprise to be listed, and the cost ranges from 3million to 10million. Enterprises spend a lot of human and financial resources. However, the lack of liquidity in the new third board has been widely criticized. Enterprises in the new third board still face difficulties in financing, and there is an imbalance between input and output