Shenzhen Enrich Electronics Co., Ltd

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Company News >> Huaxian Optoelectronics orders boosted 2018 annual revenue by 52.42% to 5.281 billion yuan 24th,April,2019
                                        Huaxian Optoelectronics (00334) released its results announcement. In 2018, the company's revenue was 5.281 billion yuan (the same unit), an increase of 52.42% year-on-year; the annual profit attributable to shareholders was 81.78 million yuan, a year-on-year decrease of 29.34%; basic earnings per share was 3.95 points. , no dividends.

The announcement shows that although the Group's sales volume and gross profit margin have fully recovered in the second half of 2018, it is still affected by the weak sales in the first half of 2018. The Group's gross profit margin decreased by 3.4 percentage points year-on-year to 4.7%, achieving a gross profit of 248 million yuan. Declined by 11.3%.

It is reported that the Group's turnover growth was mainly attributable to the increase in orders from new first-line brand customers in the second half of 2018. The Group's annual sales volume increased by 13.1% year-on-year to 60.4 million units; the Group continued to optimize its product mix and improve its high-end products. The proportion of sales of the Group's bonded products increased from 40.5% in the same period last year to 68.9%, and the overall average selling price increased by 34.7% to 87.5 yuan.

In addition, China remains the main market for the group. Benefiting from new brand customer orders, the turnover from China was 4.18 billion yuan, up 91.8% year-on-year, accounting for 79.1% of the Group's total turnover. Due to changes in the customer base, turnover from Hong Kong was 737 million yuan, down 25.4% year-on-year. Driven by sales of LG, a well-known Korean consumer electronics company, South Korea is the Group's largest market. The turnover from South Korea was 358 million yuan, a year-on-year increase of 25.6%.

It is worth noting that with the smartphone market becoming saturated, folding smartphones will become the focus of next-generation mobile phones. WitsView, a division of TrendForce's optoelectronics research department, expects the folding smartphone to be officially launched in 2019, and the flexible AMOLED panel continues to evolve. As Huaxing Optoelectronics' sixth-generation flexible LTPS-AMOLED display panel production line project will be put into production in the first half of 2019, the group will cooperate with Wuhan Huaxing Optoelectronics to grasp the growth momentum of flexible AMOLED display panels and grasp the development potential of folding smart phones. And strive to be the forerunner of technological innovation.

At the same time, with the official launch of the international 5G standard in 2018, some manufacturers announced that they will launch the first 5G smart phone in 2019, which will bring positive factors to the industry. The group actively deployed the IoT ecosystem and developed different types of display products horizontally. The Group continues to deploy the automotive display and smart home market and invests in resource research and development to capture the huge opportunities in these markets.

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