截至7月25日，25家純LED上市公司中，僅聯創光電未披露2014年半年度業績預告。上市公司中有七成業績取得了不同幅度的增長。 華燦光電副總裁邊迪斐表示，目前下游市場需求比較旺盛，上游芯片基本上是滿負荷狀態。而洲明科技董事長林洺鋒表示，在經過前兩年的產品和渠道等準備工作，今年終于迎來了LED照明爆發的一年。 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家業績預喜企業中，絕大部分將業績增長歸功于主營業務增長。如上半年凈利分別預增100%～118.09%、50%～80%、35%～60%、20%～50%、25%～50%，以及10%～35%的實益達、利亞德、鴻利光電、奧拓電子、聚飛光電、萬潤科技，均無一例外地以LED市場快速增長、公司產能逐漸釋放、銷售收入增長從而帶動凈利潤增長等類似詞匯闡述上半年業績增長原因。 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. 七成報喜 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. 具體來看，LED板塊38家公布半年業績預告的LED企業中，共有12家企業的凈利潤同比增長超過50%，其中聯建光電、華燦光電、珈瑋股份、實益達、洲明科技凈利均倍增，分別同比增長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. 照明需求快速增長是貫穿此輪LED行業景氣度提升的主線。LED主營以照明為主的公司如鴻利光電、萬潤科技等中期業績均取得了較大幅度的增長。 Qi Cheng Annunciation 由于LED球泡燈、燈管與商用照明的市場需求崛起，中功率LED市場需求大增，特別是5630、3030、2835等封裝形態成為市場的主流。 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，鴻利光電發布2014年半年度業績預告，預計公司凈利潤2943.81～3488.96萬元，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上游芯片企業整體業績表現不俗。去年下半年以來，LED芯片市場需求保持增長勢頭，從去年四季度至今，芯片價格已有三個季度跌幅很小，相關企業的盈利能力顯著回升。 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. 業績增長超兩倍的華燦光電則表示，今年上半年業績大幅上升的主要原因是期內LED芯片市場需求增長的勢頭仍繼續保持，盈利能力顯著回升。同時，隨著母公司三期擴產項目投產、蘇州子公司一期建設項目大部分投產，期內公司產能和銷售規模成倍提高。 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顯示屏經過前兩年的洗牌，企業盈利能力出現大幅改善。隨著小間距、高密度等技術的成熟，技術領先的顯示屏企業一掃去年業績陰霾。尤其是巴西世界杯的舉辦對高端LED顯示屏的需求，以及美國高速公路LED顯示屏的替換需求，都成為拉動2014年LED業績的直接推動力。 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. 奧拓電子預期中期凈利同比增長20%～50%，洲明科技中期凈利同比預增82.97%～112.65%。利亞德更是憑借小間距顯示屏的優勢，近兩年賺得盆滿缽滿，且預計中期凈利同比增長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. 并購影響業績 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，并購是LED行業最熱點的話題，并購資金以及并購標的業務進展情況，直接影響了上市公司的業績。不過，從整體上來看，并購并不影響市場回暖這一主旋律，發生并購案的企業，主營業務基本上沒有下降。 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，德豪潤達增持雷士照明6.86%的股權，最終合計持有雷士照明27.10%的股權。此后，長方照明又宣布以5.28億元收購康銘盛60%的股權。 M & A performance 縱觀業績不難看出，資金的流動在一定程度上也影響了業績增長。長方照明增長幅度放緩，業績最高增速也僅為6.07%。而最糟糕的是德豪潤達，上半年業績下降幅度高達40%。曾經一度表現搶眼的瑞豐光電，也因其最大股東康佳集團退出LED顯示屏領域，業績遭受重創。今年上半年瑞豐光電凈利潤預計為1963.66～2356.39萬元，下降幅度預計高達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. 不過，業績增長不理想的企業，同樣提及了LED市場的回暖。瑞豐光電、德豪潤達等企業指出，公司銷售接單與上年同期比較來看，主營業務收入保持穩定增長。 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. 而有些并購案例，對公司的業績增長可以立是說竿見下。珈偉股份宣布以1.23億元收購品上照明100%股權，珈偉股份今年上半年凈利潤增長幅度高達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，鴻利光電以現金支付7977.80萬元以及公開募資的方式，收購斯邁得100%股份。斯邁得也是一家LED封裝企業，與鴻利光電主營業務相襯。今年上半年，鴻利光電業績增長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配套企業增量不增利 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源制造商南大光電，今年上半年業績下降了44.49%。其董秘在接受CSA記者采訪時表示，由于LED產業鏈競爭激烈，公司主要產品銷售價格同比去年下降，銷售價格環比相對穩定；銷售量同比增長約50%。綜合影響，公司2014年半年度增量不增利，整體業績同比去年下降。 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%. 同樣情況的還有茂碩電源。今年上半年，茂碩電源業績也出現歷史以來最大的危機，公司2014年上半年預計實現營業收入約3.27億元，同比增長21.56%；營業利潤虧損214.42萬元，同比下降109.95%；實現凈利潤129萬元，同比大幅下降94.50%。 LED supporting enterprises increment does not increase profits 對于凈利潤較上年同期大幅下降的主要原因，茂碩電源董秘方吉檳表示，報告期內，市場競爭加劇，產品毛利率相比去年同期有所下降。公司新投資的子公司業績低于預期，出現經營虧損，也在一定程度上影響了合并報表利潤。 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.
在材料領域發生虧損的還有藍寶石襯底，2014年上半年東晶電子首度大幅虧損，主要受累于石英晶體元器件市場競爭激烈，產品價格有所下降以及LED藍寶石襯底片項目尚未形成規模產能，固定成本較高。
