Guanglei is in the wave building LED factory, optimistic about the development potential of LED in the Chinese market

Topic: Caijing Guanglei Technology (2340) is optimistic about the LED demand in the Chinese market. It will expand its new plant in Zhejiang Province, China. In the first quarter of 2008, it will increase its monthly production capacity of 3 billion. Nichia's chip expansion and expansion, the second quarter profit of nearly 300 million yuan, the first half of 2007 earnings per share of 0.7 yuan, higher than other LED upstream industry players Huashang, Taigu and Yuyuan.

In the first half of the year, the sales of high-brightness LEDs in the first half of the year have grown significantly. In the second quarter, the monthly sales of high-brightness LEDs are about 200 million units per month. The production capacity has reached 3.1 billion. Thanks to the support of Nichia, the chip has no infringement doubts, and the performance has exceeded Yuanyuan, Taigu, and even Huashang. Guanglei estimates high-brightness LED shipments this year. It will reach 820 million, double the number of last year. Due to the full capacity, Guanglei spokesman Guo Zhaoyu said that the growth of Guanglei in the second half of the year will still be determined by the situation of Nichia's light supply.

After losing profit in 2007, Guanglei decided to reduce capital. In 2007, he actively carried out? Zheng Zheng? Because Guanglei took orders for LED-related billboards in the business opportunities of the 2008 Olympic Games, Guanglei is also optimistic about the Chinese market. The huge demand for LEDs has already been established in China, and the new capacity of the company will drive the growth of Guanglei.

According to estimates from Zhaofeng International, Guanglei's revenue in the second quarter of 2007 reached 1.901 billion yuan, up 22% from the first quarter. In the profit segment, the estimated gross profit margin was 29.8%, which was the same as last quarter. The net profit before tax was 344 million yuan, and the pre-tax profit per share was 0.44 yuan.