What has widened the distance between LED packaging companies?

Release Time:

2022-05-16 17:07

In the midstream, the development of LED packaging companies depends not only on the upstream situation, but also by the downstream and terminal demand.

In the past 2019, with the acceleration of localization of equipment, LED chip production capacity continued to expand, and prices continued to decline; downstream and terminals were affected by the slowdown in economic development, and demand weakened. In addition, the LED industry has entered a period of slow growth, and the performance of LED packaging companies has become increasingly under pressure.

"If you don't have rice, you have to make cooking," said Gong Wen, chairman of Jingtai Co., Ltd.

At this time, 8 A-share listed companies including Nationstar Optoelectronics, Hongli Zhihui, Dongshan Precision, Zhaochi Co., Ltd., Ruifeng Optoelectronics, Xiamen Cinda, and Huatian Technology have all disclosed their 2019 annual reports. The situation of 8 companies in 2019 is analyzed to see the development trend of LED display packaging.

Competition intensifies, and performance is divided into two levels

The 2019 annual report shows that the performance of LED packaging companies is significantly polarized. Among the 8 companies, Zhaochi and Jufei Optoelectronics achieved two-way growth in revenue and net profit in 2019, while Hongli Zhihui, Ruifeng Optoelectronics, and Xiamen Xinda suffered operating losses.

Nationstar Optoelectronics, Dongshan Precision, Jufei Optoelectronics, Zhaochi Co., Ltd. and Huatian Technology, which remain profitable, have an average net profit margin of 7.4%, and China Star Optoelectronics, Jufei Optoelectronics, and Zhaochi Co., Ltd. are higher than 9%. According to Gaogong New Display, the LED packaging business of the three companies achieved good development in 2019, among which the display device sector has grown significantly.

Zhaochi shares, whose net profit attributable to its parent increased by 154.77% year-on-year, and Zhaochi Guangyuan, a subsidiary of its leading LED packaging business, formally established the display division in 2019, and entered the RGB high-end display market through Mini RGB technology, which further increased the high value-added The proportion of value products will be realized, and the upgrading of customer structure and product quality will be realized.

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