Edison's financial report in the first half of the year is expected to stabilize the LED profitable throne
Edison (3591) announced its first-half financial report on August 18, with a net profit after tax of 313 million yuan, an annual growth rate of 165%, a gross profit margin of 33%, and a post-tax profit of 4.07 yuan per share. LED profitable king throne.
It is reported that the total revenue of Edison in the first half of the year was 1.486 billion yuan, up 129.84% over the same period of 2009. At the same time, it has reached 90% of the total revenue of 1.7 billion yuan in 2009. The profit has increased sharply and the operating margin is 494 million yuan. The annual growth rate is 137%, and the net profit before tax is 363 million yuan.
Edison said that due to the market's sharp increase in demand for high-power LEDs, Edison's revenue and profit were followed.
In addition, Edison also announced that it will increase the capital of the Yangzhou plant by 2 million US dollars, and plans to further expand production in the second half.
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