Dehao Runda announced its 2014 financial report on the 29th. The company achieved operating income of 4.155 billion yuan, an increase of 32.74% over the same period of the previous year.
The management believes that the main reason is that during the reporting period, the company's small household appliance business increased by 20.26% compared with the previous year, and the operating income of LED products increased by 46.27% compared with the previous year. The company's net profit attributable to shareholders of listed companies and basic earnings per share were respectively The previous year's growth was 112.22% and 111.13%; the cash flow from operating activities was 334,325,600 yuan, an increase of 25.14% over the same period of the previous year.
According to the announcement, LED lighting products have seen a significant increase in production and sales due to the release of production capacity in the three bases of Wuhu, Handan and Zhuhai and the increase in shipments of NVC lighting channels.
According to the announcement, the company holds a 27.03% stake in NVC Lighting Holdings Co., Ltd. as its largest shareholder. NVC Lighting is a joint venture of the company. The company's investment in NVC Lighting is accounted for using the equity method. On April 16th, NVC Lighting issued the announcement of “Delayed and Distributed Annual Results and Suspension for the Year Ended 31st December, 2014â€, which is expected to be released on May 10, 2015. The audited 2014 annual results, so the company did not disclose its main financial data.
In addition, Dehao Runda also disclosed a quarterly report. During the reporting period, the net profit attributable to shareholders of listed companies was -9,329,300 yuan, a decrease of 161.61% over the same period of last year, mainly due to the sharp decline in gross profit margin during the reporting period. 20.51% fell to 12.47% in the current period.
Dehao Runda said that the main reasons for the decline in gross profit margin are as follows: (1) Due to fierce competition in the LED industry, the price of LED chips and lighting products has decreased compared with the same period of last year. (2) The production capacity of the company's LED chips and lighting products was fully released in the first quarter of 2015, but the first quarter was the off-season of the company's production and sales, the capacity utilization rate was low, resulting in the fixed costs not being diluted, and the manufacturing cost of the products was higher than the same period of the previous year. . (3) The product structure has changed. High-margin LED display products accounted for a decline in operating revenue, down from tidal to 14.3% in the same period last year; small household appliances and LED chips with lower gross profit margins accounted for 66% of sales revenue in the same period last year. To 71%.
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