Comment: Xingyu Shares made a profit of 111 million in the first half of the year, and the proportion of LED car lights continues to increase

Xingyu Shares released its semi-annual report. The company achieved revenue of 880 million yuan in the first half of the year, a year-on-year increase of 16.66%. It achieved a net profit attributable to shareholders of the listed company of 111 million yuan, a year-on-year increase of 15.72%, and basic earnings per share of 0.47 yuan. Xingyu Co., Ltd.'s full-year revenue target for 2014 is 1.9 billion yuan, and its first-half revenue of 880 million yuan is basically in line with the company's expectations. In the revenue structure, the company's revenue from joint venture brand vehicle manufacturers accounted for more than 70%, among which Dongfeng Nissan and GAC Toyota achieved substantial sales growth; the output of headlights and rear combination lights increased by 11% year-on-year, and the sales revenue achieved year-on-year increased by 18%; at the same time, as the proportion of LED car lights continues to increase, the company's profitability continues to increase. In 2014, the overall development of the domestic automobile market was stable. The overall market forecast is that my country's automobile sales will grow between 8% and 10% in 2014. Sales of Xingyu's existing products are expected to maintain steady growth. At the same time, the company's new projects will also be launched one after another. In the second half of the year, the company will welcome FAW Toyota Corolla and GAC Toyota Ralink The release of the project's production capacity and the smooth commissioning of the annual output of 500,000 sets of LED car lights will also drive the company's production capacity and profitability.

Comment: LED lighting does not mean that there is no money to be made, but it depends on how you find a way to make money that suits you. It is obviously not feasible to swarm home or business photos in today's era. This is an era of cooperation and division of labor, so the path of specialization and segmentation is also the general trend. Automotive LED lighting is obviously a hot spot in the market segment, but this part of the market is not something that just anyone can win. After all, the requirements for technology and product quality are still quite high. Xingyu Shares has used automotive lighting as its focus to drive the company's performance growth by integrating the industrial chain. It has obviously found a good way to break through the LED Red Sea.