Hongli Zhihui expects half-year net profit to increase by 15%-30%

On June 27, Hongli Zhihui (300219) released a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to June 2017 to be 1.58 to 179 million yuan, a year-on-year change of 15.00% to 30.00%.

The company said that in the first half of 2017, the LED lighting market needs to be better, the company's business scale continues to grow, and the main business has maintained steady growth.

In the half year of 2017, after deducting non-recurring gains and losses, the net profit attributable to shareholders of listed companies was RMB 11,146,500 - 136,133,800, an increase of 20% to 40% over the same period last year.

According to the financial report, Hongli Zhihui achieved operating income of RMB 692,079,900 in the first quarter, an increase of 57.14% over the same period of the previous year; net profit of RMB 79,853,900, an increase of 22.91% over the same period of the previous year, and net profit attributable to owners of the parent company of 7,976.07 Ten thousand yuan, an increase of 22.77% over the same period of the previous year.

In the first quarter of this year, the demand for LED lighting continued to improve, and the operating results of Hongli Zhihui maintained steady growth. The capacity of SMD's investment expansion project, which is under the responsibility of subsidiary Jiangxi Hongli Photoelectric Co., Ltd., was not fully released, which had a certain impact on operating profit. In addition, the government subsidies received by the company during the reporting period increased compared with the same period of the previous year.

Focusing on the long-term strategic goal, Hongli Zhihui will continue to improve the business integration of the company's LED industry chain by continuously deploying LED new technologies and new application areas while maintaining the original international and domestic LED lighting market share, thereby enhancing the company's LED industry. Business scale and market share create a new profit growth point for the company.

In the future, Hongli Zhihui will continue to build the “LED+ Internet of Vehicles” dual main business.

LED business, the company will continue to expand the production scale of LED brackets, LED packaging, LED application products, and continue to expand the LED segment, to maintain the company's leading edge in the LED industry; to play the company's LED automotive lighting technology and industry chain advantages Actively explore the domestic LED automotive lighting market and cut into the domestic LED lighting market.

In the aspect of car networking business, we will continue to focus on the “hardware + service” industry model, actively seek suitable cooperation teams or appropriate targets, and implement the layout of the car networking industry.


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