Stellar Gaohong's net profit in the first half of the year increased by 156.8% year-on-year. Successful transformation of LED filament lamp whole lamp business
Stellar Gaohong (834946) released a semi-annual report. The data shows that the company achieved operating income of 3.008 million yuan in the first half of the year, up 3.46% year-on-year; the net profit attributable to shareholders of the company was 1,234,100 yuan, an increase of 156.8% over the previous year. During the reporting period, the sales volume of various products of the company increased significantly. Among them, the new business of LED filament lamp is the new business of the parent company through asset injection last year. The LED filament lamp business is the main business of the company's development in the future. During the reporting period, The proportion of LED filament lamps has increased rapidly, exceeding 60%. Under the background of the decline in the overall price of LED industry chain materials and products, the company has maintained a steady growth in the company's performance through the substantial increase in sales. As the LED industry is currently in a period of rapid growth and technological iterative update, the price of LED industry chain materials and products is declining year by year. Stellar Gaohong expects that the price of LED products will gradually stabilize as the LED product manufacturing process matures. In the semi-annual report, Stellar Gaohong said that the company has successfully realized the business transformation from packaging and packaging business to LED filament lamp and whole lamp products. The sales of various products have increased significantly year-on-year, and the company will continue to expand production capacity and improve. The sales volume keeps the company's performance stable and sustainable to counter the risks brought by the falling market price of the industry products. What must be faced is the increasing number of enterprises in the LED industry, and the market competition in the LED lighting industry is increasingly fierce. Stellar Gaohong said that the company will focus its products on the LED filament lamp market segment, do a full-scale segmentation market, and invest vertically into the upstream industry chain to maintain the leading position of LED filament lamp key raw material filaments to reduce the environmental price of the industry. The impact of change, in the specialization of production, research and development, accelerate the development of new products and patent applications to further consolidate the company's leading edge in the market segment to resist the competition risks brought by external entrants. Since its establishment, the company has been focusing on the research and development of LED packaging devices and lighting application products. It has a municipal R&D center, an industrial design center and an experienced R&D team. It has established a high-power filament lamp R&D project with Peking University and Shanghai Microelectronics Research Institute. Established a plant lighting project with Zhejiang Agriculture and Forestry University, actively cooperated with universities and colleges, and hired senior professional technical consultants to establish a laboratory base with TUV Rheinland Group to support the research and development and upgrade of LED technology. The company's LED filament products are mature and form production capacity. At present, the LED filament lamp products have been updated to the 5th generation, and a number of patent applications have been applied to protect the market in the future. At present, the company has one of the few manufacturers in the whole industry chain LED filament lamp capable of independently producing LED filament and filament lamp from packaging to sealing to assembly. Distribution Box Distribution Box Wenzhou Korlen Electric Appliances Co., Ltd. , https://www.zjaccontactor.com