The price of the product fell. Guoxing Optoelectronics' net profit in 2012 decreased by nearly 70% year-on-year.

Guoxing Optoelectronics released its 2012 annual report. During the reporting period, the company achieved operating income of 948 million yuan, down 11.87% from the previous year, total profit of 52.519 million yuan, a decrease of 64.48% over the previous year; net profit attributable to shareholders of listed companies was 37.6 million Yuan, a decrease of 69.93% over the previous year; basic earnings per share of 0.0915 yuan;

As of the end of the reporting period, the installation and interior decoration of the mechanical and electrical equipment of Foshan Guoxing Semiconductor Technology Co., Ltd., the company's controlling subsidiary, has basically ended. It has entered the stage of commissioning and installation of MOCVD equipment. It is expected that the epitaxial products will be mass-produced at the end of April 2013, and the chip products will be Mass production in September 2013.

The company's own capital investment project in Henan Nanyang vanadium mine project progress, the company's holding subsidiary Nanyang Baoli Vanadium Industry Co., Ltd. has acquired the equity of Henan Longyu Vanadium Industry Co., Ltd. at the end of September 2012. The mining rights of vanadium mines in Luanchuan County, Nanyang, Henan Province, will be officially entered into the implementation phase after adjusting the investment entities in 2013.

As a LED company with packaging as its main business, the sales revenue maintained an average growth of about 25% between 2002 and 2011. In 2011, sales exceeded 1 billion yuan for the first time, but in 2012, the price of major products fell. The expansion of production capacity was slower than the decline in prices, resulting in a 11.87% decline in sales revenue compared to 2011.

From the market structure of the LED packaging business, although the competition in the packaging industry was fierce in 2011 and 2012, the price fell by a large margin. The small-scale enterprises survived and the business collapse occurred. However, the low concentration of the industry still has no fundamental improvement. . At the same time, the capacity expansion of major domestic packaging companies in 2012 will be reflected in 2013. The increase in the concentration of the packaging industry in the future may be carried out by means of large-scale enterprises with both scale advantages and capital advantages to continue to increase the scale of production capacity.

In 2013, the company will expand the production and sales of large-size backlight products while expanding the production capacity of traditional superior products, further optimize the gross profit margin structure of the products, and consolidate the profitability of the company's main products.

Education Projector

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