On the evening of August 5, Ruifeng Optoelectronics (300241) issued a mid-year report. In the first half of the year, the company achieved a total operating income of 294 million yuan, an increase of 67% over the previous year; net profit of 26.18 million yuan, an increase of 31.61%. Earnings per share of 0.12 yuan.
The year-on-year growth of performance was due to the fact that sales of medium-sized and large-sized backlight LED products and lighting LED products increased significantly compared with the same period of last year. On the other hand, the company introduced new small-size backlight products during the reporting period, which also brought certain benefits.
Ruifeng Optoelectronics said that in the first half of 2013, the large and medium-sized backlight market benefited from the popularity of LED LCD TVs and the increasing proportion of large-size TVs, which led to an increase in the average number of LED backlights used. In the first half of 2013, the sales volume of medium and large-size backlight LED products was 135 million yuan, a year-on-year increase of 112.55%.
With the outbreak of commercial lighting and the start of indoor lighting out of the dilemma of the second half of 2012, downstream applications are in strong demand. In the first half of 2013, the sales of Ruifeng Optoelectronics LED products were 137 million yuan, a year-on-year increase of 49.23%.
During the reporting period, Ruifeng Optoelectronics established a small-sized backlight business unit with sales of small-size backlight products of RMB 10,665,500.
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