Guangdong Jingke Electronics Co., Ltd. (hereinafter referred to as Jingke Electronics) is a company that continues to surprise the market. The excellent annual report performance of 2016 and the expected high capacity expansion of 2017Q1 show the domineering of the return of the king.
The rise of supply and demand and the rise of price increases
After the era of low chip prices and low price of LED manufacturers, the LED industry chain began to increase in price from the first quarter of 2016. The reason for the price hike is mainly due to the increase in the cost of raw materials at the cost end, and the packaging enterprises first tested the price slightly. Since then, front-end chip manufacturers have started to increase prices of some series of products by 10%-20%, driven by rising costs, clearing of production capacity, elimination of small enterprises and unbalanced demand supply of downstream applications.
In the third and fourth quarters, the actions of upstream manufacturers triggered package and application companies to launch price increases. Last year's repeated price increases, on the one hand, can be said to be an opportunity to promote the return of LED factory pricing to rationality, on the other hand, it has also accelerated the determination of chip companies and packaging companies to expand production.
Long-term storage, LED application demand continues to ferment
The Internet of Things era is coming, LED applications are blooming, including vehicle sensing, smart home, infrared sensing, and even sterilization applications. In addition, the original general lighting and lamp market demand is gradually starting to ferment. According to the data, the number of LEDs used will reach 30.75 billion in 2017, with an annual growth rate of 23.9%; the growth rate of the lighting sector is 39.2%. If sorted according to the magnitude of growth, lighting, cars, display billboards, TV backlights and mobile devices are the top five; notebooks and monitors are growing negatively, with annual reductions of 5.2 to 11.9 percent. (Data Source LED Inside Lighting Report)
With the increasing use of LED lamps for high-end models such as Mercedes-Benz and BMW, automotive lighting has become a bright spot in the future of lighting. In 2016, LED automotive lighting grew at a high rate, up 33.8% year-on-year, accounting for 1.4% of the overall application market. Because LED can achieve small size in the process of packaging, and excellent brightness and luminous efficiency, it is a good assistant to sketch new design and perfect beam control. Automotive manufacturers see LED technology as a means of improving differentiation and driving experience.
Jingke Electronics' 2016 performance has grown rapidly, benefiting deeply from the current LED industry boom
Jingke Electronics is a high-tech enterprise engaged in R&D, manufacturing and sales of LED devices, module light sources, light engines and intelligent lighting products. It is in the middle of the LED industry chain. The company is targeting high-end customers at home and abroad. The main customers are well-known TV manufacturers. Business and well-known LED lighting companies. The company's revenue sources are mainly sales of LED packaging for lighting, modules and TV backlight products.
According to Jingke Electronics' 2016 financial report, Jingke Electronics maintained its rapid growth in 2016, with operating income of RMB 603,769,733.47, an increase of 95.11% over the same period of last year; net profit of RMB 31,533,768.30, an increase of 177.31% over the same period of last year. The gross profit margin also increased from 14.40% in 2015 to 18.03%.
In 2017, according to the business objectives set at the beginning of the year, Jingke Electronics has carried out production and operation in a planned and planned manner. On the basis of stabilizing the existing TV backlight and lighting customers, it continues to actively explore international customers and actively deploys automotive lighting. Three generations of semiconductors, smart city lighting and other fields. In order to meet the increasing orders of customers, the company has completed a large-scale expansion of production capacity. While expanding production capacity, the company actively explores potential, improves production efficiency, reduces procurement costs, and fully reflects the benefits of large-scale operation.
In the future, Jingke Electronics will be able to increase its dual share at home and abroad in the multi-dimensional advancement of scale effect, upstream and downstream layout, cost optimization, R&D investment and high value-added product development, and create the next glory. With the clear trend of the LED industry pattern, Jingke Electronics will create more under the six factors of sufficient capacity, reasonable price, two-way development of market share at home and abroad, research and development to improve quality, new market layout and scale effect fermentation. Large revenue; with the help of the whole industry chain layout and R&D investment, the cost reduction will be realized, and the double upgrade of gross profit and performance will be achieved. The company's position in the LED packaging market will become more stable and clear, reaching the industry's leading level.
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