Yinhao Technology achieved revenue of 119 million yuan last year, an increase of 39.43%

Recently, Yinhao Technology (300221) released its 2016 financial report. During the reporting period, the Yinluo Optoelectronics consolidated statement of LED modified plastics achieved operating income of 119 million yuan, a year-on-year increase of 39.43%; realized operating profit of 6.155 million yuan, a year-on-year increase. 406.82%; the net profit of the owner of the listed company was 6,735,500 yuan, an increase of 416.48%.

According to the announcement, Yinhao Optoelectronics has established long-term and stable cooperative relations with domestic first-line brands such as Op Lighting and Haoen Optoelectronics, and has entered the international brand supply chain system such as Philips and Osram.

Since 2015, the tide of integration and mergers and acquisitions has swept the entire LED industry, and the industry has shuffled sharply. At the same time, the rise in raw material prices since the second half of 2016 has affected all LED manufacturers. The main reason for the increase in net profit of Yinhao Optoelectronics was that the sales revenue increased by 39.43% and the gross profit margin increased by 4.69% during the reporting period.

Production and operation: While steadily expanding the production capacity of the existing Dongguan production base, it has set up a subsidiary in Huazhong and South China, and has successively established subsidiaries in Suzhou and Xiamen; improved production processes, improved production efficiency; optimized product and customer structure, and strengthened high The sales of Maori products will enhance their overall profitability.

Capital operation: In May 2016, the company completed its first private placement, and issued a total of 5 million shares to 20 issuers, raising funds of 11 million yuan. It also successfully introduced the market maker Dongguan Securities Co., Ltd. and Zhongshan Securities Co., Ltd. The method of stock transfer is changed from agreement transfer to market transfer. In June 2016, Yinhao Optoelectronics successfully entered the innovation layer of the new three board of the stock transfer system.


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