JUFEI(SZ:300303)2018-08-17 16:00Financial Performance - Total revenue for the first half of 2018 was CNY 1,125,449,450.09, representing a 38.13% increase compared to CNY 814,795,093.24 in the same period last year[19]. - Net profit attributable to shareholders was CNY 82,735,671.54, up 14.95% from CNY 71,975,738.81 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 67,477,486.91, showing a slight decrease of 0.82% compared to CNY 68,033,363.69 in the previous year[19]. - Operating cash flow net amount was CNY 72,150,224.30, an increase of 14.19% from CNY 63,186,450.80 in the same period last year[19]. - The company achieved total revenue of 1,125.45 million CNY, a year-on-year increase of 38.13%[39]. - Net profit attributable to shareholders reached 82.74 million CNY, up 14.95% compared to the previous year[39]. - The company's operating revenue for the current period reached ¥981,593,058.62, a 32.5% increase from ¥740,987,389.91 in the previous period[164]. - The net profit for the current period was ¥92,915,880.13, representing a 26.5% increase compared to ¥73,239,918.55 in the previous period[165]. Market Strategy and Expansion - The company plans to focus on expanding its market share in the LED industry, particularly in backlight and lighting LED products, with a growth of over 30% in product revenue compared to the previous year[25]. - The company aims to expand into new LED applications such as small-pitch displays and automotive LEDs while maintaining its existing business growth[25]. - The company is actively pursuing internationalization, with an increasing proportion of international sales contributing to revenue growth[39]. - The company aims to strengthen its leading position in the backlight LED market and expand its global market share[45]. - The company plans to leverage its headquarters in Shenzhen to consolidate its presence in South China while expanding into East and North China markets[45]. - The company is implementing an international strategy to enhance its global market share, targeting international clients for overseas market expansion[45]. - The company is focusing on three main business segments: LED, semiconductor packaging, and optical film materials, to drive growth[45][46]. Research and Development - Key R&D projects include "Mini LED technology and products" and "narrow border high color gamut backlight LED," aimed at enhancing product offerings for high-end applications[42]. - The company has developed multiple core technologies in ultra-thin, low light decay, high color rendering, and high reliability, maintaining a leading position in the industry[87]. - The company has introduced new products with significant improvements in cost-effectiveness, reliability, and color quality, enhancing overall competitiveness[43]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 3,401,155,650.55, a 2.50% increase from CNY 3,318,279,113.01 at the end of the previous year[19]. - The company's total assets included cash and cash equivalents of ¥396,987,346.22, representing 11.67% of total assets, an increase from 10.14% in the previous year[56]. - The company’s total liabilities were RMB 1,539,547,462.19, compared to RMB 1,464,393,635.67 at the beginning of the period, indicating an increase in liabilities[154]. - The company’s equity attributable to shareholders was RMB 1,834,014,301.67, slightly up from RMB 1,825,623,099.95 at the beginning of the period[155]. Risks and Challenges - The company is facing market risks due to increasing competition both domestically and internationally, which may affect its market share and position[83]. - There is a risk of declining product sales prices due to continuous technological innovation and increased production efficiency in the LED industry[84]. - The company emphasizes the need to continuously launch high-cost performance products to remain competitive in the market[86]. Shareholder Information - The total number of shares after the recent changes is 1,250,073,737, with 18.27% being restricted shares and 81.73% being unrestricted shares[132]. - The largest shareholder, Xing Qibin, holds 22.92% of the shares, totaling 286,503,287 shares, with 71,625,822 shares pledged[138]. - The company has a total of 229,219,429 restricted shares, with 806,498 shares released during the reporting period[135]. Corporate Governance and Management - The company appointed a new vice chairman and general manager, Gao Siqing, on May 15, 2018, indicating a change in management[145]. - The company has not distributed cash dividends or bonus shares for the half-year period, nor has it increased capital through reserves[92]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[74][75]. Community and Social Responsibility - The company continued its support for education in impoverished areas, establishing scholarships and providing vocational training to help improve employment opportunities[127].