截至7月25日，25家纯LED上市公司中，仅联创光电未披露2014年半年度业绩预告。上市公司中有七成业绩取得了不同幅度的增长。 华灿光电副总裁边迪斐表示，目前下游市场需求比较旺盛，上游芯片基本上是满负荷状态。而洲明科技董事长林洺锋表示，在经过前两年的产品和渠道等准备工作，今年终于迎来了LED照明爆发的一年。 As of July 25, 25 pure LED listed companies, only the Union Optical undisclosed 2014 half year results notice. 70% of the performance of listed companies achieved a different level of growth. 25家业绩预喜企业中，绝大部分将业绩增长归功于主营业务增长。如上半年净利分别预增100%～118.09%、50%～80%、35%～60%、20%～50%、25%～50%，以及10%～35%的实益达、利亚德、鸿利光电、奥拓电子、聚飞光电、万润科技，均无一例外地以LED市场快速增长、公司产能逐渐释放、销售收入增长从而带动净利润增长等类似词汇阐述上半年业绩增长原因。 After three years of "winter", 2014 LED industry to pick up. Foreign UBS Securities noted that in 2014 the global LED lighting demand will surge 60%, with the largest growth of household lighting, next year will be greatly increased 9 percent, will drive next year forecast to grow 25% LED chip demand. 七成报喜 Side 迪斐 vice president HC SemiTek said that the current downstream market demand is strong, the upstream chip is basically full load condition. And Chau Ming Technology Chairman Lin Ming-feng said that, after the first two years of preparatory work, such as product and channel this year, finally ushered in the year of the outbreak of LED lighting. 具体来看，LED板块38家公布半年业绩预告的LED企业中，共有12家企业的净利润同比增长超过50%，其中联建光电、华灿光电、珈玮股份、实益达、洲明科技净利均倍增，分别同比增长270%、215%、176%、118%和113%。 25 results of pre-hi companies, the vast majority of the earnings growth thanks to the main business growth. Such as the first half net profit increased 100%, respectively, pre ~ 118.09%, 50% ~ 80%, 35% ~ 60%, 20% ~ 50%, 25% to 50%, and 10% to 35% of the real benefits of, Riyadh, Hongli Opto-electronic, Alto electronics, Jufei, Mason Technologies, are invariably the rapid growth of the LED market, the company's production capacity gradually released, thus boosting sales growth net profit growth and other similar terms set forth the reasons for the growth performance of the first half. 照明需求快速增长是贯穿此轮LED行业景气度提升的主线。LED主营以照明为主的公司如鸿利光电、万润科技等中期业绩均取得了较大幅度的增长。 Qi Cheng Annunciation 由于LED球泡灯、灯管与商用照明的市场需求崛起，中功率LED市场需求大增，特别是5630、3030、2835等封装形态成为市场的主流。 Specifically, LED plate 38 half-year results announcement notice LED enterprises, total net profit rose 12 companies more than 50%, of which the joint construction of photovoltaic, HC SemiTek, Jia Wei shares beneficially up, Chau Ming Technology net profit were doubled, respectively, an increase of 270%, 215%, 176%, 118% and 113%. 7月2日，鸿利光电发布2014年半年度业绩预告，预计公司净利润2943.81～3488.96万元，比上年同期上升35%～60%。 Rapid growth in demand throughout the round LED lighting industry boom upgrade the main line. LED-based lighting company with principal as Hongli Opto-electronic, Mason Technologies and other interim results have achieved higher growth. 今年上半年，LED上游芯片企业整体业绩表现不俗。去年下半年以来，LED芯片市场需求保持增长势头，从去年四季度至今，芯片价格已有三个季度跌幅很小，相关企业的盈利能力显著回升。 Since the rise of the market demand for LED bulb, lamp and commercial lighting, power LED market in high demand, especially in 5630,3030,2835 and other packaging forms into the mainstream market. 业绩增长超两倍的华灿光电则表示，今年上半年业绩大幅上升的主要原因是期内LED芯片市场需求增长的势头仍继续保持，盈利能力显著回升。同时，随着母公司三期扩产项目投产、苏州子公司一期建设项目大部分投产，期内公司产能和销售规模成倍提高。 July 2, 2014 Hongli Opto-electronic publishing half-year performance forecast, the company expects net profit of 2943.81 ~ 34.8896 million yuan, an increase of 35% to 60% over the previous year. LED显示屏经过前两年的洗牌，企业盈利能力出现大幅改善。随着小间距、高密度等技术的成熟，技术领先的显示屏企业一扫去年业绩阴霾。尤其是巴西世界杯的举办对高端LED显示屏的需求，以及美国高速公路LED显示屏的替换需求，都成为拉动2014年LED业绩的直接推动力。 In the first half of this year, LED upstream chip impressive overall performance. Since late last year, LED chip market demand to maintain growth momentum from the fourth quarter of last year, the chip price declines have been small, related corporate profitability rebounded significantly three quarters. 奥拓电子预期中期净利同比增长20%～50%，洲明科技中期净利同比预增82.97%～112.65%。利亚德更是凭借小间距显示屏的优势，近两年赚得盆满钵满，且预计中期净利同比增长50%～80%。 Earnings growth over twice the HC SemiTek said that the performance increased significantly in the first half of this year mainly due to LED chip market demand during the growth momentum continues to maintain a significant rebound in profitability. Meanwhile, with the Phase III expansion project is put into the parent company, Suzhou subsidiary of a majority of construction projects put into production, the company during the production and sales volume doubled. 并购影响业绩 LED display after the first two years of shuffling, a substantial improvement in corporate profitability. With a small pitch, high density technologies mature, technologically advanced displays business performance last year swept away the haze. In particular, the demand for high-end hosting the World Cup in Brazil LED display, and the replacement demand for highway LED display of the United States, have become the driving force for pulling the 2014 direct LED performance. 今年上半年，并购是LED行业最热点的话题，并购资金以及并购标的业务进展情况，直接影响了上市公司的业绩。不过，从整体上来看，并购并不影响市场回暖这一主旋律，发生并购案的企业，主营业务基本上没有下降。 Alto electronic expected interim net profit rose 20% to 50%, Chau Ming Technology interim net profit up by 82.97% Pre ~ 112.65%. Liard is by virtue of the advantages of a small pitch of the display, nearly two years to earn pours, and the expected interim net profit rose 50% to 80%. 2014年5月，德豪润达增持雷士照明6.86%的股权，最终合计持有雷士照明27.10%的股权。此后，长方照明又宣布以5.28亿元收购康铭盛60%的股权。 M & A performance 纵观业绩不难看出，资金的流动在一定程度上也影响了业绩增长。长方照明增长幅度放缓，业绩最高增速也仅为6.07%。而最糟糕的是德豪润达，上半年业绩下降幅度高达40%。曾经一度表现抢眼的瑞丰光电，也因其最大股东康佳集团退出LED显示屏领域，业绩遭受重创。今年上半年瑞丰光电净利润预计为1963.66～2356.39万元，下降幅度预计高达25%。 In the first half of this year, M & A is the hottest topic of the LED industry, mergers and acquisitions and business development fund M & A targets, the direct impact on the performance of listed companies. However, from the overall point of view, the acquisition does not affect the market to pick up this theme, the occurrence of mergers and acquisitions of companies, the main business is basically no decline. 不过，业绩增长不理想的企业，同样提及了LED市场的回暖。瑞丰光电、德豪润达等企业指出，公司销售接单与上年同期比较来看，主营业务收入保持稳定增长。 May 2014, BDO Runda holdings NVC Lighting 6.86% stake in the final NVC together hold 27.10% stake. Since then, rectangular lighting also announced 528 million yuan acquisition of 60% stake in Hong Ming Shing. 而有些并购案例，对公司的业绩增长可以立是说竿见下。珈伟股份宣布以1.23亿元收购品上照明100%股权，珈伟股份今年上半年净利润增长幅度高达175.77%。 Throughout the performance is easy to see, the flow of funds to some extent, also affected the growth performance. Rectangular lighting growth slowed, the highest earnings growth of only 6.07%. And the worst is that BDO Runda, fell as much as 40 percent during the first half performance. Once eye-catching performance Ruifeng power, but also because the largest shareholder of Konka Group quit the field of LED display, performance suffered. First half net profit is expected to 1963.66 Ruifeng Electric ~ 23.5639 million yuan, is expected to decline as much as 25%. 6月10日，鸿利光电以现金支付7977.80万元以及公开募资的方式，收购斯迈得100%股份。斯迈得也是一家LED封装企业，与鸿利光电主营业务相衬。今年上半年，鸿利光电业绩增长35%～60%。 However, corporate earnings growth is not ideal, as mentioned in the LED market rebound. Ruifeng power, BDO Runda other enterprises pointed out that sales orders compared with a year earlier, the main business income to maintain steady growth. LED配套企业增量不增利 And some merger cases, the company's earnings growth may, say pole below. Jiawei announced a 123 million yuan of shares acquired 100% stake in lighting products, Jiawei shares in the first half net profit growth of up to 175.77 percent. MO源制造商南大光电，今年上半年业绩下降了44.49%。其董秘在接受CSA记者采访时表示，由于LED产业链竞争激烈，公司主要产品销售价格同比去年下降，销售价格环比相对稳定；销售量同比增长约50%。综合影响，公司2014年半年度增量不增利，整体业绩同比去年下降。 June 10, Hongli Opto-electronic cash 79,778,000 yuan fund-raising and public way, the acquisition Ismail was 100% of the shares. Ismail was also an LED packaging company with principal operations Hongli Opto-electronic contrast. In the first half of this year, Hongli Opto-electronic performance increase of 35% to 60%. 同样情况的还有茂硕电源。今年上半年，茂硕电源业绩也出现历史以来最大的危机，公司2014年上半年预计实现营业收入约3.27亿元，同比增长21.56%；营业利润亏损214.42万元，同比下降109.95%；实现净利润129万元，同比大幅下降94.50%。 LED supporting enterprises increment does not increase profits 对于净利润较上年同期大幅下降的主要原因，茂硕电源董秘方吉槟表示，报告期内，市场竞争加剧，产品毛利率相比去年同期有所下降。公司新投资的子公司业绩低于预期，出现经营亏损，也在一定程度上影响了合并报表利润。 South photoelectric MO source manufacturers, the performance during the first half of this year fell by 44.49%. Its secretaries in an interview with reporters, said CSA, due to fierce competition in the LED industry chain, the company's main products sales price fell last year, the sales price is relatively stable compared; sales grew about 50%. The combined effects of the company in 2014 semi-annual increment does not increase profits, the overall performance fell last year. The same situation was also MOSO. In the first half of this year, the performance also appeared MOSO biggest crisis since the history of the company in the first half 2014 is expected to achieve revenues of about 327 million yuan, an increase of 21.56%; operating profit loss of 2.1442 million yuan, down 109.95 percent; net profit 1.29 million yuan, up sharply down 94.50%. The net profit a year earlier mainly due to a substantial decline, MOSO secretaries said Fang Ji Penang, increased during the reporting period, market competition, product gross margin declined compared to last year. New investments in the subsidiary company's performance is below expectations, operating loss, but also affected the consolidated statements of profit to some extent.
Occurred in the field of materials as well as sapphire substrate losses, East Crystal Electronic first substantial loss in the first half 2014, mainly quartz crystal components involved in the fierce market competition, product prices declined and LED sapphire substrate sheet items not scale capacity , higher fixed costs.
在材料领域发生亏损的还有蓝宝石衬底，2014年上半年东晶电子首度大幅亏损，主要受累于石英晶体元器件市场竞争激烈，产品价格有所下降以及LED蓝宝石衬底片项目尚未形成规模产能，固定成本较高。
