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In the first three quarters of Qinshang Optoelectronics, the government subsidy included in the current profit and loss was RMB 2.4345 million, while the subsidy for the same period last year was RMB 11.6855 million, a decrease of 79 compared with the same period of last year. The company’s 2011 and 2012 harvest subsidies accounted for the company’s net profit respectively. 21, 17, and the three quarterly report subsidies only accounted for 2.8.
The third quarterly report released by Qinshang Optoelectronics on Friday night showed that although the company's earnings increased by 35.31, it was difficult to hide the net profit decline of 4.73. The company's government subsidy for the current profit and loss in the first three quarters was 2,434,500 yuan, while the subsidy for the same period last year was 116.855 million yuan, a decrease of 79 compared with the same period of last year. It is foreseeable that the subsidies will be greatly reduced, and the increase in self-built channels and global promotion expenses will all drag down the company's annual performance. In the secondary market, the company's share price fluctuated from the high of 16.14 yuan on May 27 to 10.81 yuan on October 25. The organization has seen a significant collective retreat in the third quarter in the hopeless situation, which also makes the company short-term. It continues to hope that the probability of exiting by attracting institutions to take over the venture will gradually decrease.
According to the company's three quarterly report released on the evening of October 25, the company's revenue for the first three quarters of this year was 802 million yuan, a substantial increase of 35.31 over the same period of the previous year. The net profit attributable to shareholders of listed companies was 88 million yuan. (Basic earnings per share of 0.23 yuan), down 4.73 over the same period of the previous year.
It is worth noting that the company's operating income increased by 35 in the current period compared with the same period of the previous year, and the operating costs, business taxes, and additional and sales expenses increased by 43, 75, 48 respectively over the same period of the previous year. In the third quarter, revenue increased by 48.92 year-on-year, while net profit fell sharply by 28.83 compared with the same period of the previous year.
For the above situation, Liu Jun, deputy secretary-general of the Guangdong Lighting Association, believes that the upstream chips and midstream packages have been good this year, and the entire downstream applications are more difficult. On the one hand, because of the vicious price competition in the industry, the profit is thinner, the upstream and middle reaches are still good, the downstream is particularly obvious, and the price will be lowered with the increase of technology. The two reasons lead to a sharp increase in profits but a decline in net profit.
The company explained that in order to occupy more market share and also share some fixed expenses, the company has undertaken some orders with lower profit than standard, which has affected the production efficiency in the short term and lowered the overall gross profit, but for the long-term The market expansion strategy is of great significance.
In fact, on August 29th, the company released the third quarterly results forecast. It is expected that the net profit in the first three quarters will increase by 10-40 compared with the same period of the previous year. However, on September 28th, the company released the first three quarters performance forecast amendment notice. Net profit attributable to shareholders of listed companies increased by -10-10 over the same period of the previous year. The data for only one month was significantly revised.
The performance correction notice directly caused the next trading day to fall by more than 9, and the volume of transactions soared to four times the previous trading day. On the same day, the Dragon and Tiger List showed that the top five seats were bought for 148.324 million yuan, the total sold was 75.534 million yuan, and the net difference was -60.701 million yuan. From the point of view of the sales and purchase seats, all the seats for the purchase were seats in the sales department, and two organizations appeared in the top five seats sold, totaling over 24 million yuan. In addition, the large shareholders of the sales department of CICC Guangzhou Tianhe Road totaled Selling 27.2821 million yuan, another sales department in Guangzhou, Galaxy Securities Guangzhou Construction Da Ma Road Securities Sales Department sold 6,540,100 yuan.
The third quarter subsidies plummeted 79
In addition, the company's government subsidy for the current profit and loss was 2,434,500 yuan, while the subsidy for the same period last year was 1,16,855,000 yuan, a decrease of 79 compared with the same period of last year. Before Qindi Optoelectronics relied on strong resources, it received a lot of subsidy support.
After reviewing the company's two-year annual report, we found that the government subsidy included in the current profit and loss was 26.96 million yuan in 2011 and 18.1 million yuan in 2012. Comparing the company's net profit in 2011 and 2012 with 125 million yuan and 105 million yuan, the calculated subsidies accounted for 21, 17.
According to the subsidy data of the third quarterly report, the absolute amount of the company's current subsidies was 9.25 million yuan, and the net profit of the subsidies in the first three quarters was only 2.8.
With the sharp decline in subsidies, company executives said in September when they received numerous public and private equity institutional investors that government subsidies were often the strongest in the early stages of industrial and technological development, and the amount and scope of subsidies will gradually mature with the industry. And the corresponding reduction. The amount of government subsidies this year has decreased sharply compared to previous years. This is because the LED lighting application market has matured and is fully market-oriented. It believes that the reduction of subsidies and support funds is a reasonable phenomenon.
As for many industry insiders, it is not easy for Qinshang Optoelectronics to obtain high subsidies. The reason for the sharp decline is that it can affect the problems of resource allocation people.
In recent years, Qinshang Optoelectronics hopes to gradually get rid of the engineering orders that rely mainly on outdoor lighting, and is opening up the nascent indoor lighting market. It is also making great efforts to build its own channels in order to increase the indoor lighting market share as soon as possible.
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