Recently, the results of the first quarter of 2016 in the six listed companies in the LED display industry have quietly surfaced. Among them, the performance of many LED companies has shown a “pre-increased†status, and only some enterprises have experienced pre-loss. From which, what other clues can investors find?
Performance list
Liad's net profit in the first quarter increased by 120%~150%
On March 15, Liard (300296) released a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to March 2016 to be 74.9 million to 85.11 million yuan, up 120.00% to 150.00% year-on-year. Significantly, the average net profit growth rate of the optical optoelectronics industry was 9.71%.
Reasons for changes in performance: Compared with the same period of last year, the main reason for the increase in net profit for the period was the expansion of sales volume and the increase in orders.
Lehman shares: expected first-quarter earnings growth of 15% to 45%
Recently, Lehman issued a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to March 2016 to be 8.08 million to 10.19 million yuan, up 15.00% to 45.00%, which is positive for the company's share price. Net profit growth rate was 9.71%, and the company's net profit for the quarter increased by 192.34% to 216.43% from the previous quarter.
The company stated that during the reporting period, the company actively implemented the development strategy of LED and sports dual main industry to maintain the stable development of LED business. The company's new acquisition subsidiary Shenzhen Tuoxiang Technology Co., Ltd. was included in the consolidation scope of financial statements; meanwhile, it increased sports resources. With the development and marketing efforts, the income of the sports industry has increased.
Lianjian Optoelectronics' first quarter net profit increased by 92.86% to 118.33%
Lianjian Optoelectronics announced on March 8 that it expects net profit attributable to shareholders of listed companies in the first quarter of 2016: 53 million yuan to 60 million yuan, an increase of 92.86% to 118.33% over the same period of the previous year.
Reasons for changes in performance: In the first quarter of 2016, the company focused on becoming the strategic goal of “Digital Outdoor Media Group†and carried out various businesses according to the company's strategic plan. With the formation of the “Digital Outdoor Media Groupâ€, which is centered on digital equipment technology, brand public relations services and outdoor media networks, the company's marketing service capabilities have been further enhanced, and asset scale and profitability have been further enhanced. The effect was more obvious, and the company's performance increased significantly compared with the same period of last year.
After review by the China Securities Regulatory Commission listed company mergers and acquisitions review committee, the company issued shares and paid cash to purchase assets and raise matching funds and related transactions were conditionally passed. The relevant assets are delivered after the company obtains the approval. The net profit of related assets was not included in the consolidated statement until the approval was obtained. After the completion of the reorganization, the existing outdoor media network business will be expanded, the outdoor advertising agency business will expand horizontally, and the Internet advertising business will be greatly enhanced. The company's “Digital Outdoor Media Group†industrial chain layout will be further improved, forming an online and offline integrated communication pattern. The comprehensive strength of the company's communication business will be further enhanced.
Zhouming Technology's first quarter net profit pre-growth 145% -164%
On the evening of April 9th, Zhouming Technology released the 2016 first quarter results forecast. The company achieved a net profit attributable to shareholders of the listed company in the first quarter of 19 million yuan - 20.5 million yuan, an increase of 7.775 million yuan over the same period of the previous year. 145% - 164%.
The announcement pointed out that the company's operating results in the first quarter of 2016 increased in the same direction, mainly due to the increase in revenue in overseas markets and the increase in the holding ratio of its subsidiary Shenzhen Redio Vision Technology Co., Ltd. from 60% to 100%.
Abbyson expects first quarter earnings to fall 22% to 28%
On April 9th, Ai Bison (300389) released a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to March 2016 to be 21.72 million to 23.54 million yuan, down 28.00% to 22.00% year-on-year. Negative, the average net profit growth rate of the optical optoelectronics industry was 9.71%, and the company's net profit for the quarter fell 50.39% to 46.23% from the previous quarter.
The company said that 1, the company's LED display sales orders increased by about 40% compared with the same period of last year, but due to order delivery, raw material supply and other reasons, operating income increased only slightly compared with the same period of last year, but the gross profit margin and the same period last year Compared to the rise. 2. The company continued to increase market input, especially the overseas sales investment increased significantly, resulting in an increase in sales expenses; due to changes in foreign exchange rates, the company's first quarter exchange income decreased significantly compared with the same period of last year; due to the amount of accounts receivable As a result of the increase, the company's provision for impairment provision increased compared with the same period of the previous year. The impact of non-recurring gains and losses on net profit in the first quarter of the company was approximately RMB 100,000, mainly due to the income from wealth management products; the impact of non-recurring gains and losses on net profit for the same period last year was RMB 4.25 million. As a result, the company's performance has decreased compared with the same period last year.
Alto's first quarter net profit pre-loss of 7.5 million yuan ~ 9.5 million yuan
On March 31, Alto Electronics released a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to March 2016 - 9.5 million to -7.5 million yuan, down 1553.93% to 12478.8%, which is a negative for the company's share price. The average optical profit growth rate of the optical optoelectronics industry was 9.71%.
Reasons for changes in performance: The main reason for the change in the first quarter of 2016 was the year-on-year decrease in sales revenue and the increase in labor costs and operating costs. In addition, the announcement also stated that at present, the company is expanding its new business market while expanding the export volume of LED display products. Since January 1, 2016, the company has obtained export contract orders for LED display products amounting to US$19.4 million. Exceeding the total of export contract orders for LED display products obtained in the whole year of 2015, most of them are LED high-density 2 degree products.
to sum up
Judging from the first-quarter performance forecast of LED display listed companies in 2016, more than half of the pre-increased enterprises show that on the one hand, LED display listed companies have achieved rapid growth through endogenous growth, and the company's endogenous power has gradually strengthened. Of course, there are also some companies that use assets to dispose of or acquire assets to achieve growth.
Secondly, some LED display companies are deeply involved in the field of subdivision, or involved in other industries, such as Lianjian Optoelectronics in the field of outdoor advertising media. Lehman Optoelectronics actively implements the LED and sports dual-main development strategy to enable enterprises to achieve rapid growth. In addition, the overseas market development of LED display listed companies has accelerated, and some enterprises have begun to increase the investment in overseas sales. From the analysis of the performance changes in the first quarter, the share of some enterprises in overseas markets is constantly increasing, making them The income of the overseas market of the enterprise has also increased, which has led to the growth of its performance.
On the other hand, it also revealed that the LED display industry's business climate is not as unsatisfactory as imagined. After a "cold winter", the LED display industry may be expected to achieve steady growth. As the saying goes, "the crisis is organic," many good opportunities happen when everyone is numb.
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