Ruifeng Optoelectronics, which has fallen to the third echelon of LED packaging, hopes to regain a game.
On May 12, Ruifeng Optoelectronics announced that in order to better promote the industrial and commercial registration procedures of Zhejiang Xinfeng Asset Management Co., Ltd., the company plans to invest an additional 10 million yuan in Zhejiang Xinfeng Asset Management Co., Ltd. Its investment is 20 million yuan.
Zhejiang Asset Management Co., Ltd. initiated the establishment of M&A Funds as the main business by managing the integration of Ruifeng Optoelectronics Industry. As a platform for the integration of Ruifeng Optoelectronics Industry, the fund promoted the company's strategic development and consolidated and enhanced its position in the industry.
According to the 2016 annual report, Ruifeng Optoelectronics achieved a total operating income of 1.179 billion yuan, an increase of 28.06% over the same period of the previous year; the net profit attributable to shareholders of listed companies was 503,900 yuan, an increase of 50.62% over the same period of the previous year.
At present, the enterprises in the first and second echelon of LED packaging in China have entered the 2 billion yuan revenue scale in 2016.
Among them, Mulinsen LED packaging business revenue of 4.312 billion yuan; Dongshan precision LED packaging business revenue of 2.585 billion yuan; Hongli Zhihui LED packaging business revenue of 2.258 billion yuan; Guoxing photoelectric LED packaging and components business revenue of 2.169 billion yuan.
In 2016, Ruifeng Optoelectronics Lighting's annual sales of 539 million yuan, down 12.78%. The gross profit margin was 7.76%, down 2.28 percentage points year-on-year. The main reason was that the market competition for lighting LED products was further intensified during the reporting period, and the product price war was highlighted, which led to the decline in product price and the income and gross profit margin.
Thanks to the performance contribution from Shenzhen Lingtao Optoelectronics Technology Co., Ltd. acquired at the beginning of the year, the small-size backlight LED business had annual sales of 535 million yuan, an increase of 87.49%. At the same time, it also allowed Ruifeng Optoelectronics' main business income to enter the 1 billion yuan mark.
But behind Ruifeng Optoelectronics, many LED packaging companies are catching up.
Xinsan board listed LED packaging company - Zhaochi Energy achieved revenue of 945 million yuan in 2016; Jingke Electronics' revenue in 2016 reached 604 million yuan, an increase of 95.11% over the same period last year.
In recent years, capacity expansion has become the main theme of the LED packaging industry. According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in 2016, the global LED packaging industry market reached 113 billion yuan, the scale of China's LED packaging industry increased by 14.33%, and the industry market scale reached 73.4 billion yuan, accounting for global LED packaging. The market size has reached more than 60%.
As we all know, after the fierce competition and industry reshuffle in the LED packaging industry in 2016, the packaging manufacturers have expanded their production capacity, the production capacity has been expanding, the market share has continued to increase, and the concentration of LED packaging in China has further increased.
Taking Guoxing Optoelectronics as an example, in 2016, it used its own funds totaling 1.05 billion yuan to expand the packaging production line. The SMD packaging capacity increased by 40%, and rapidly expanded to 6000 KK/month, of which 1200 KK/month for small pitch packaging. At the beginning of 2017, the company once again invested 200 million yuan to increase the small-pitch packaging capacity. It is expected to reach production in July. After the production, the company's small-pitch packaging capacity will reach 1700 KK / month.
As of mid-2016, Ruifeng Optoelectronics' overall packaging capacity is 1500 KK / month, only less than a quarter of National Star Optoelectronics.
In May 2016, Ruifeng Optoelectronics invested 2 billion yuan in LED expansion and new energy projects in Yiwu Industrial Park. The project will be constructed in two phases and five years. It will mainly build production and manufacturing bases for LED packaging and testing and new energy projects. After the project is put into production in 2021, the annual sales revenue is expected to be more than 4 billion yuan.
According to the plan of Ruifeng Optoelectronics, the company's main lighting and backlight business will continue to be maintained, and will also vigorously expand the automotive electronics market, UV, infrared, laser and other fields.
In the ultraviolet company, the company established the subsidiary “Ruifeng Ziguang Technology†in February 2016; the laser has also established the subsidiary “Zhongke Chuang Laser†in November 2016; the automotive electronics and infrared LED companies have related business units. Subsequent will continue to increase investment.
The company's investment department is also actively looking for suitable targets, hoping to use the capital market to become bigger and stronger.
Announced the additional investment in the announcement of Yiwu Asset Management Co., Ltd. At the same time, Ruifeng Optoelectronics issued a capital increase company, which increased the investment in laser application due to the company's development strategy. At the same time, based on the development of Zhongke Chuang's laser products and market development, the company plans to increase its capital by 503.34. After the capital increase, the registered capital of Zhongke Chuang Laser was 7,142,900 yuan, and Ruifeng Optoelectronics accounted for 61%.
On April 17, Ruifeng Optoelectronics released the first quarterly report of 2017. The company realized operating income of 351 million yuan in January-March 2017, up 52.97% year-on-year; net profit attributable to shareholders of listed companies was 2014.64 million yuan, up 20.35% year-on-year.
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