Silan Micro, Qianzhao, Dahua and other companies released interim reports!

Among them, the revenue of Qianzhao Optoelectronics H1 reached 828 million yuan, and the total revenue of Silan Micro H1 was 4.185 billion yuan. In addition, the two manufacturers also reflected the market situation in the first half of the year in their performance announcements: Affected by the epidemic and the slowdown in downstream demand, the overall chip production capacity of the LED industry has been slightly reduced. The main operating income of Dahua Co., Ltd. was 14.087 billion yuan, a year-on-year increase of 4.31%; the net profit attributable to the parent company was 1.52 billion yuan, a year-on-year decrease of 7.51%.

Qianzhao Optoelectronics: H1 revenue reaches 828 million yuan

In the first half of 2022, Qianzhao Optoelectronics achieved operating income of 828 million yuan, a year-on-year decrease of 14.89%; operating profit was 2,599.77 million, a year-on-year decrease of 81.95%; net profit attributable to shareholders of listed companies was 14.0814 million yuan, a year-on-year decrease of 87.76%. During the reporting period, the production capacity of dry photoelectric epitaxial wafers and chips reached 10,321,042 wafers, the production capacity reached 9,072,129 wafers, the capacity utilization rate was 87.89%, and the annual production capacity under construction reached 7,824,000 wafers.

In terms of blue-green LEDs, Qianzhao Optoelectronics focuses on the development and production of Mini/Micro LEDs and high-efficiency LED chips, covering high-voltage products, backlight products, flip-chip products, and display chip products. In terms of white light product portfolio, it focuses on the R&D, production and sales of high-margin products such as high-light efficiency, high-voltage, backlight, and flip-chip products. In the field of traditional display chips, through continuous material and structural optimization, its performance has reached the domestic leading level and has been widely recognized by customers.
In terms of Mini LED, whether it is Mini Direct View (Direct View) or Mini Backlight (BLU), mass sales have been formed. In terms of Micro LED, the light efficiency continues to be improved, and the red light light efficiency can currently reach more than 18%. For Metaverse applications, a 6μm Micro LED array has been developed. The next step will be to continue to increase the pixel density and study full-color solutions. We have launched multi-level cooperation with many domestic panel manufacturers and terminal manufacturers from Micro LED chips to COG modules, striving to open the door to mass production as soon as possible.

Qianzhao Optoelectronics stated that it will continue to consolidate the competitive advantages of the LED industry.On this basis, we will actively expand second- and third-generation semiconductor industry opportunities such as VCSEL lasers, Mini LEDs, Micro LEDs, ultraviolet UV LEDs, infrared detectors, and gallium arsenide substrates through various methods such as investment, incubation, and internal research and development.

Silan Micro: H1 total revenue is 4.185 billion yuan

In the first half of 2022, Silan Micro's total operating revenue was 4.185 billion yuan, an increase of 26.49% over the same period in 2021; the net profit attributable to shareholders of the parent company was 599 million yuan, an increase of 39.12% over the same period in 2021.

The report shows that the operating income of Silan Micro's three major product categories including integrated circuits, semiconductor discrete devices, and LEDs (light-emitting diodes) have all achieved substantial growth.
Specifically, the operating income of Silan micro-integrated circuit products was 1.353 billion yuan, an increase of 20.80% over the same period last year; the operating income of discrete device products was 2.275 billion yuan, an increase of 33.13% over the same period last year; the operating income of light-emitting diode products (including LED chips of Silan Mingxin Company, Silan Ming Gallium Company and LED color screen pixel tubes of Meikal Optoelectronics Company) was 3.64 billion, an increase of 23.75% over the same period last year. Among them, the gross profit margin of light-emitting diode products was 16.26%, a year-on-year increase of 6.98%.

Achieve a return to losses in both operating profit and total profit in 2021Weiying’s performance growth in the first half of 2022 is due to the optimization of Silan Micro’s revenue structure.
However, LED is slightly affected by the slowdown in downstream demand. The announcement shows that the LED chip output of Silan Micro's important shareholder Silan Gallium Company is lower than expected, and the capacity utilization rate is obviously insufficient; the capacity utilization rate of the LED chip production line of Silan Micro's subsidiary Silan Micro has also declined to a certain extent. At the same time, the lower price of LED chips has led to an increase in inventory impairment losses, resulting in Silan Min's operating losses.

However, due to the increase in demand for mid-to-high-end LED color displays in foreign markets, the operating income of Silan Microelectronics' subsidiary Meikale Optoelectronics increased by 37.48% compared with the same period last year. Silan Micro said that it will continue to deepen its cultivation and layout in LED RGB color screen chips, high-end LED lighting chips and other specialty chips to expand the market; it will continue to promote the construction of Silan's "Mecale" high-end LED finished product brand, actively expand domestic and overseas high-end customers, expand production capacity, and expand new high-end application markets.

Currently, Silan Ming Gallium has built a monthly production capacity of 72,000 4-inch LED chips. In the future, Silan Ming Gallium Company will accelerate the development of its products in small-pitch displays, MiniThe expansion of mid-to-high-end application fields such as LED displays, infrared optocouplers, security monitoring, and automotive LEDs will further increase production and improve profitability.

Dahua shares: revenue of 14.087 billion yuan, a year-on-year increase of 4.31%

Dahua Co., Ltd.'s 2022 interim report shows that the company's main operating income is 14.087 billion yuan, a year-on-year increase of 4.31%; net profit attributable to the parent company is 1.52 billion yuan, a year-on-year decrease of 7.51%; non-net profit after deducting is 1.256 billion yuan, a year-on-year decrease of 12.78%; in the second quarter of 2022, the company's single-quarter main operating income is 8.239 billion yuan, A year-on-year decrease of 1.81%; the single-quarter net profit attributable to the parent company was 1.164 billion yuan, a year-on-year decrease of 10.14%; the single-quarter non-net profit was 910 million yuan, a year-on-year decrease of 19.34%; the debt ratio was 41.95%, investment income was -167.7921 million yuan, financial expenses were -274.6011 million yuan, and the gross profit margin was 37.51%.