On March 13, Huacan Optoelectronics disclosed the first quarter performance forecast for 2018. The company expects the net profit attributable to shareholders of the listed company from January 1, 2018 to March 31, 2018 to be 122.5092 million yuan-14. 5.4.42 million yuan, an increase of 55%-80% over the same period of the previous year of 80.7810 million yuan.
Huacan Optoelectronics said that the main reasons for the expected increase in performance are as follows: During the reporting period, the company's capacity expansion effect initially appeared, and the company's production capacity increased significantly, which led to a certain increase in sales revenue during the reporting period; During the reporting period, the company's continuous R&D investment increased and its technological innovation capability improved significantly, which improved the company's product yield and company's production efficiency to a certain extent, and improved the company's profitability.
As Huacan Optoelectronics said, R&D investment has increased to boost gross profit margins. In the first half of last year, Huacan Optoelectronics invested Rmb40 million, a year-on-year increase of 5.4%. The current gross profit margin was 33.72%, an increase of nearly 10 percentage points from the 23.94% at the beginning of the year.
Of course, the profitability of Huacan Optoelectronics has increased significantly, and it is also closely related to the company's industrial layout. Huacan Optoelectronics continues to extend the industrial chain and form synergies to enhance its comprehensive competitiveness. Since the second half of 2017, Huacan Optoelectronics has increased investment in Lanjing Technology and Huacan Optoelectronics (Suzhou) Co., Ltd. for the expansion of LED substrate projects and LED epitaxial wafers and chip projects.
It is worth mentioning that the LED epitaxial wafer and chip four-phase project of Huacan Optoelectronics (Suzhou) Co., Ltd., which was decided in October last year, was held on March 12, 2018 at the Suzhou Plant of Huacan Optoelectronics Co., Ltd.
With the foundation of the fourth phase of the LED epitaxial wafer and chip project of Huacan Optoelectronics (Suzhou) Co., Ltd., the development of Huacan Optoelectronics in Zhangjiagang will open a new page. It is reported that the project will be implemented in phases. The first phase plans to invest 2.5 billion. After completion, it will form an annual production capacity of 9 million LED epitaxial wafers and high-end LED chips.
According to Gaogong LED, in 2012, Huacan Optoelectronics invested in Huacan Optoelectronics (Suzhou) Co., Ltd. in Zhangjiagang, and established the largest LED chip production capacity in Asia at that time. After 6 years of development, it formed an annual output of LED epitaxial film 1320. The production capacity of 10,000 pieces and 12 million LED chips has achieved a total sales income of 4.8 billion and a profit and tax of 660 million.
In addition, Huacan Optoelectronics has experienced more than a year of twists and turns, and the acquisition of MEMSIC will also enhance the company's overall competitiveness.
According to public information, in terms of accelerometers, last year, the company continued to maintain its technological leadership and expanded its compatibility program. It is expected that the market share of the US domestic accelerometer will exceed 30% in 2019.
In terms of geomagnetic sensors, last year, Meso introduced a full-featured single-chip triaxial MMC5603NJ geomagnetic sensor, which has industrial advantages in terms of integration, precision and cost. At present, a considerable number of mobile phone Tier 1 manufacturers cooperate with the US and the new.
In addition, Meixin Semiconductor is the only accelerometer and geomagnetic sensor chip company with car gauges in China. Its automotive sensors have entered international automakers such as GM and Mazda, and have begun to supply large quantities of suppliers.
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