On October 23, Ruifeng Optoelectronics released its third quarter results report. Its 2017 Q3 realized revenue of RMB 425,079,535.60, an increase of 32.61% over the same period of last year. The net profit attributable to shareholders of listed companies was RMB 42,064,791.59, an increase of 73.44% over the same period of last year. Accumulated revenues in the first three quarters. On October 23, Ruifeng Optoelectronics released its third quarter results report. Its 2017 Q3 realized revenue of RMB 425,079,535.60, an increase of 32.61% over the same period of last year. The net profit attributable to shareholders of listed companies was RMB 42,064,791.59, an increase of 73.44% over the same period of last year. In the first three quarters of the year, revenues totaled 1,212,550,461.76 yuan, an increase of 44.39% over the same period of last year. The net profit attributable to shareholders of listed companies was 86,476,252.32 yuan, an increase of 80.37% over the same period of last year. The company said that the first three quarters of revenue growth was mainly due to the company's active development. The market, the increase in customer orders; and Q3 revenue growth was mainly due to the increase in customer orders during the reporting period; in addition, the company's first three quarters and Q3 net profit attributable to shareholders of listed companies increased mainly due to: In the report period, the company's operating income increased compared with the same period of the previous year to promote the growth of net profit; on the other hand, non-recurring gains and losses also led to the company's rapid growth in net profit during the reporting period. LED package supply and demand are booming, Ruifeng Optoelectronics expands production to grab the market In recent years, with the continuous increase of LED penetration rate, global packaging capacity is also accelerating the transfer to China. China's LED packaging manufacturers have achieved a stable market position in the backlight, lighting and display markets. It is expected that the packaging capacity in the mainland will continue to grow in 2017. At present, domestic LED packaging supply and demand are booming, there is no risk of price cuts in the second half of the year, and the prosperity will last at least until 2018. In order to expand market share, major LED packaging factories have expanded their production in a row, and the market influence has been strengthened by expanding production capacity. As one of the largest LED packaging companies in China, Ruifeng Optoelectronics will continue to strengthen its product technology leadership while continuously improving its profitability by adjusting its production capacity and cutting production costs. On May 18, 2016, Ruifeng Optoelectronics invested 2 billion yuan in LED expansion and new energy projects in Yiwu Industrial Park. This project mainly builds the manufacturing base of LED packaging and testing and domestic advanced new energy projects. After the project is put into production in 2021, the annual sales revenue is expected to be more than 4 billion yuan. At present, Ruifeng Optoelectronics is firmly rooted in lighting LEDs, backlight LEDs, etc. In the future, it will increase its production capacity according to downstream demand, with the target increasing from 2000 KK/month to 3000 KK/month. The company's product performance advantages are outstanding, such as the introduction of high-efficiency, high-reliability CSP products, dual white light (cold / warm color temperature) + RGB high integration dimming 5050 light source and other industry leading products have made significant progress, and continue to improve the company's profit in the future ability. At the same time, the company began to adjust the existing regional production capacity layout this year, further concentrate production capacity to increase the scale effect, reduce unit production costs, and significantly increase the company's profitability. Adding code to LED lighting for the car, opening a new growth point for the business As optimistic about the market prospects of automotive LED lighting, Ruifeng Optoelectronics is increasing its investment in the field of automotive lighting. Based on the company's future development strategy, Ruifeng Optoelectronics will effectively promote the company's LED lighting industry chain layout. This year, the company plans to invest 100 million yuan to increase the capital of Centrino. After the capital increase, it will hold 16.66% of the equity of Centrino. At the same time, in order to realize the extension of LED related industries, the company plans to increase the investment of 20.49 million yuan for Larry Optoelectronics for the R&D and manufacturing of automotive LED modules, and accelerate the overall layout of the company in the field of LED applications. Ruifeng Optoelectronics said that in combination with the company's technological advantages and market accumulation in the LED-related field, the company is increasing its investment in the field of automotive lighting. Centrino is the leading automotive lighting company in China. This strategic cooperation will help the company quickly. Accumulate technology and customer advantages, lay a solid foundation for jointly seeking new opportunities for the development of the automotive lighting industry, and accelerate the company's overall layout in the field of LED applications. At present, in the automotive LED business, Ruifeng Optoelectronics has become a global supplier of Osram and Lumileds. In the future, it will adopt high-end talent introduction + external M&A to quickly deploy and develop the automotive electronics market. The future market space is worth looking forward to. A nuclear power engine that continues to grow at a high speed in the future.
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