Recently, Ruifeng Optoelectronics invested 2 billion yuan in LED expansion and new energy projects in Yiwu Industrial Park. Yiwu Mayor Lin Yi announced the start of the project, and Yiwu leaders Ge Guoqing, Wang Qingchi, Wang Xinfeng and Gong Youqun attended the groundbreaking ceremony.
As a major industrial demonstration project in the province, Ruifeng Optoelectronics LED expansion and new energy projects use 198 acres of land, which will be constructed in two phases for five years. It mainly builds LED packaging and testing production bases and domestic advanced new energy projects. The project is in 2021. After the completion of production, it is estimated that the annual sales income will be more than 4 billion yuan.
The project will be officially signed to the ground for a total of three months. After completion, it will greatly enhance Ruifeng Optoelectronics' scale and market core competitiveness. It will also play an important role in leading, demonstrating and driving the transformation and upgrading of Yiwu's manufacturing industry. .
At present, Ruifeng Optoelectronics' overall production capacity has reached 1.5 billion per month, ranking the forefront of the LED packaging industry. In 2015, it achieved a total sales revenue of 1.1 billion yuan.
In the first quarter of 2016, Ruifeng Optoelectronics achieved operating income of 229 million yuan in the first quarter, a year-on-year increase of 21.15, and a net profit of 16.74 million yuan, an increase of 95.84%.
Among them, the average net profit growth rate of the optical optoelectronics industry was 9.71%, and the company's net profit for the quarter increased by 200.35% from the previous quarter. The company said that the substantial increase in net profit was mainly due to the inclusion of Shenzhen Lingtao Optoelectronics Technology Co., Ltd. in the scope of the consolidated statements.
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