Outdoor LED lighting factory Qinshang Optoelectronics has gone further and further on the road of extension and expansion of its main business. Its outdoor lighting business has fallen to 45%. After the transformation and upgrading into the education industry, the proportion of lighting business will further decline.
On the evening of April 21, Qinshang Optoelectronics (002638.SZ) disclosed the 2015 annual report. According to the financial report data, in 2015, Qinshang Optoelectronics' operating income was 850 million yuan, down 6.20% from 2014; the net profit attributable to shareholders of listed companies was 20,744,600 yuan, a year-on-year increase of 68.82%.
However, it is worth noting that Qinshang Optoelectronics received a government subsidy of 1,34,433,000 yuan in 2015, and government subsidies accounted for 64.79% of net profit.
It can also be seen that the profitability of Qinshang Optoelectronics' main business is relatively weak.
Qinshang Optoelectronics said that with the increase in efficiency, the number of LEDs used has decreased, coupled with the pressure of falling prices, and with the gradual transformation of traditional lighting companies to semiconductor lighting, the overall competition in the industry has become increasingly fierce, which has prompted the industry. The decline in corporate profits has become a more common phenomenon.
The data shows that Qinshang Optoelectronics' main business outdoor lighting business has shown continuous decline in revenue for two consecutive years. Outdoor lighting revenue has dropped from 580 million yuan in 2013 to 389 million yuan in 2015, falling more than 32.93 in two years. %.
Qinshang Optoelectronics Segmentation Business Income
Data source: Qinshang Optoelectronics Annual Report
In the face of the sluggish outdoor lighting business, Qinshang Optoelectronics has also accelerated the layout of smart lighting in smart cities.
In 2015, Qinshang Optoelectronics Co., Ltd. launched the first batch of intelligent lighting products “Tianyan K1â€, which is a new exploration and industrial extension in the field of “Smart Home†based on semiconductor lighting. It is semiconductor lighting + Internet + private cloud + Internet of Things Highly integrated. It realizes cross-border interoperability, combines light and big data, and effectively integrates Intel+ elements while realizing multi-color temperature, wide-spectrum and intelligent adjustment of light environment, and uses the latest communication and image processing technology to transmit digital images through the network. It integrates light with the Internet, big data processing, private cloud storage and control, and the Internet of Things to achieve intelligent security and accompanying functions such as scribing alarm, voice behavior recognition, and interconnection between home and remote terminal systems.
"The era of digitalization and networking is a social trend, and the lighting industry should be ready for a new storm." Qinshang Optoelectronics said in the annual report that with the rapid development of the Internet of Things, cloud computing and communication technologies in the process of intelligent society, The construction of smart cities has risen to the core strategy of leading urban development.
At the same time, Qinshang Optoelectronics realized the signal transmission on the COB light source in the field of visible light communication.
Transformation has become an important magic weapon for LED companies to cope with low gross profit, and Qinshang Optoelectronics is no exception. Recently, Qinshang Optoelectronics announced that it intends to purchase 100% of Guangzhou Longwen Education Technology Co., Ltd. through the issuance of shares and payment of cash. This is the beginning of the company's strategic development transformation and upgrading into the education industry.
The “Additional Release Plan (Revised Draft)†shows that Qinshang Optoelectronics intends to acquire K12 Counseling Service as the main business of Guangzhou Longwen Education with a consideration of RMB 2 billion to realize the dual main business layout of semiconductor lighting products and K12 counseling services.
Qinshang Optoelectronics believes that this move will expand the company's total assets and net assets, improve the overall gross profit margin and sales net interest rate, enhance the company's profitability and risk resistance, and thus enhance the company's value.
Up to now, the matter has been reviewed and approved by the company's board of directors and shareholders meeting, and has yet to be reviewed by the CSRC.
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