The expansion of sales scale and the increase in gross profit margin led to a 103% increase in net profit.
In the first half of the year, the company achieved a net profit of 250.253 million yuan, a year-on-year increase of 102.62%. After deducting non-recurring gains and losses, the net profit growth was 187.81%, achieving EPS0.0675 yuan. Investigating the company's profitability, the company's main business income increased by 25.2% in the first half of the year, mainly due to the expansion of the company's product sales. Due to the increase in gross profit margin of relays and LED products and the decrease in the period expense ratio, the company's operating profit increased by 109.51%.
Since the second half of last year, the price adjustment of product prices and major raw materials has been implemented. The adjustment of product prices in the first half of this year has basically offset the adverse effects caused by rising raw material prices. The gross profit margin in the first half of the year increased compared with the same period of the previous year. 2.2%. In the first half of the year, the gross profit margin of LED, the company's leading product, was 16.71%, up 0.6% year-on-year. Among them, the gross profit margins of Lianchuang Zhiguang and Nanchang Branch reached 18.6% and 17.5% respectively, up 7.3% and 10.9 respectively over the same period of last year. %, the overall gross profit margin of LED products has played a certain role, but the photoelectric branch mainly engaged in military LED production, the gross profit margin in 2006 reached 66%, due to the impact of product sales structure changes (high unit price of product sales decline ), gross profit margin decreased by 12.8% compared with the same period in 2006.
The company steadily promotes the business development strategy of “one main and three support†under the framework of group integration
In 2006, the company put forward the business development strategy of “LED-based industry, supported by relays, cables and communicationsâ€. From the perspective of the company's existing product structure, LED, relay, cable and communication businesses accounted for 30%, 43%, 17% and 10% of the company's revenue, respectively. The main advantage of LED has not yet appeared.
From the contribution of the company's business segments to net profit, relays, LEDs, cables and communications accounted for 36%, 20%, 17% and 27% respectively. The relay is still the main profit contribution point of the company; the second is the communication business. Due to the high gross profit margin of the military business, although its revenue accounted for only 10%, it contributed 27% of the net profit; the LED business accounted for 30% of the revenue. %, but contribution net profit only accounts for 20%, which is mainly due to the low profit margin of the business.
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