In the first half of the year, the revenue of LED intelligent equipment increased by 100% year-on-year. The parent company Jingsheng Electromechanical Revenue increased by 77.87%.

Jingsheng Electromechanical (300316) released a semi-annual report. In the first half of the year, the company achieved operating income of 422 million yuan, a year-on-year increase of 77.87%; realized total profit of 823.537 million yuan, a year-on-year increase of 55.98%, and net profit attributable to shareholders of listed companies was 75.301 million yuan, year-on-year. The growth rate was 65.36%; the gross profit margin of the company's main business was 42.79%.

In terms of specific business, LED intelligent equipment achieved revenue of 40.767 million yuan in the first half of the year, an increase of 100.00% over the same period of the previous year. According to the report, Foshan Guoxing Optoelectronics Co., Ltd. became one of the top five customers of the company with the merger of the subsidiaries (G20-LED Lighting Summit member companies) into the consolidated statements.

As of June 30, 2016, the company's LED intelligent equipment has not been completed in the contract: the total contract value of the shipment is 7,014,400 yuan, the part of the contract of delivery is 17,775,800 yuan, and the contract amount of the delivery date is not yet 24,051,100 yuan. The total amount of uncompleted contracts was 489.103 million yuan.

On April 9, 2015, Jingsheng Electromechanical Co., Ltd. announced that it plans to acquire a 51% stake in Hangzhou Zhongwei Optoelectronic Technology Co., Ltd. with a total of RMB138 million in super-raised funds. Based on the original main business, Jingsheng Electromechanical has cut into the high-end equipment industry in the LED lighting market and strengthened the layout of intelligent equipment.

The company is committed to the provider of intelligent equipment and services based on the background of Industry 4.0, and is applied to the photovoltaic and LED related industries. The acquisition of Zhongwei Optoelectronics is an important measure for the company to achieve industrial layout.

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