In the first half of the year, the sales of the products fell 10.66 million yuan. The share of LED revenue of Weiwei shares fell to 29.94%.
Jiawei shares (300 317) released the 2016 semi-annual report, the first half the company achieved revenues 1.299 billion yuan, an increase of 220.14 percent compared with the same period last year, net profit attributable to equity holders of 122 million yuan, an increase of 1966.43% over last year, mainly due to The company is in the form of Huayuan New Energy.
The data shows that the company's traditional LED business revenue accounted for 29.94% , down nearly 10 percentage points from the end of 2015 . At the same time, the gross profit margin of LED products showed a downward trend in the first half of the year. The gross profit margin of traditional LED solar lawn lamps was 26.34% , down 0.55 percentage points from the same period of last year . The gross profit margin of LED lighting products was 17.4% , down 9.31 percentage points from the same period of last year .
In the shares of the company in the first half lighting performance loss on Jiawei shares in 2014 to about 123 million yuan to acquire 100% of the items, the loss amounted to about 10.66 million yuan. In the 2015 annual report of Weiwei, the cumulative loss after the merger of Zhongshan Products was about 5.66 million yuan.
In addition, Fujian Weiwei Optoelectronics Co., Ltd., which was established in 2013 with Sanan Optoelectronics Co., Ltd., suffered a loss of 800,000 yuan in the first half of the year . Among them, Weiwei shares account for 85% of the joint venture company . In the 2015 annual report Jiawei shares, mentioned in Xiamen Jiawei accumulated losses of about 10.14 million yuan.
For the weak performance of the traditional LED business, Wei Wei shares also raised in the 2015 annual report.
With the rapid growth of the solar lawn lamp and LED lighting market and maturity, the industry's growth rate has slowed down. On the one hand, market demand growth slowed down. On the other hand, with the gradual maturity of product technology, the entry barriers decreased, market entrants increased, market competition became fierce, and the prices of traditional products declined year by year.
Therefore, the company's main business scope needs to be further expanded to find new profit growth points. During the reporting period, the company completed the acquisition of Huayuan New Energy and expanded its main business to the EPC and investment operations of photovoltaic power plants .
In terms of fundraising projects, Weiwei has also slowed down its investment in LED business in the past two years .
According to the report, the company's LED lighting R&D center project did not meet the expected plan. The main reason was that the company's acquisition of lighting in the second half of 2014 was partially integrated with personnel lighting, R&D in terms of personnel, equipment and instruments. The company slowed down the research and development investment in LED lighting research and development.
The annual output of 24 million sets of solar lawn lights and solar garden lights project company is the main body of the "annual production of 24 million sets of solar lawn lights and solar garden lights projects". Based on the changes in the development of the industry, the company moderately delayed the investment progress of the project in the early stage due to cautious considerations, and the slow progress of the demolition work of some of the remaining buildings in the plot delayed the normal opening of the plot;
The company has basically solved the production capacity of the lawn lamp business through outsourcing production and internal improvement of the process. At present, the sales and output of the company's lawn lamps are developing steadily. The change of the project will not affect the company's development strategy and annual business objectives. If the company continues to run the project, it will be raised with its own funds or bank loans.
The LED green lighting industrialization base construction project holding subsidiary Fujian Weiwei Photovoltaic Lighting Co., Ltd. is the main body of the “ LED Green Lighting Industrialization Base Construction Projectâ€. The LED green lighting industrialization base construction project is based on the rapid development of LED industry background and combined with the company's domestic business development and implementation. After the previous business development company's domestic streetlight market development failed to meet expectations, and the company's LED general lighting domestic market development strategy Due to the acquisition of Zhongshan Pinshang Lighting Co., Ltd., the company intends to give priority to the use of Shangzhao Zhongshan New Industrial Park, so the project moderately slowed down the investment progress.
Servo Motor Cable Assembly
Servo motor cables have been developed for the quick connection of computer aided CNC machines as for example CNC mills or drilling machines. They combine current supply and data transmission perfectly. Motor connection cables, feedback cables as well as transmission cables belong to the servo motor cables. We provide a whole cable connectivity solution for CNC machine manufactories.
Further application fields of motor construction are more intelligent such as temperature control or industrial fields with intelligent servo drives. Our professional engineers will satisfy your unit custom needs with greatest patience.
Servo Motor Cable Assembly,Servo Harness,Servo Cable,Servo Motor Cable
Feyvan Electronics Technology Co., Ltd. , https://www.fv-cable-assembly.com