On April 4th, Alto Electronics (002587) released the 2017 annual report. During the reporting period, Alto Electronics achieved operating income of 1.041 billion yuan, a year-on-year increase of 127.78%; net profit attributable to shareholders of listed companies was 132 million yuan, an increase of 53.00%. The consolidated gross profit margin was 39.76% and the net operating cash flow was RMB 935.70 million.
It is worth noting that during the reporting period, the sales revenue of LED application business was 88,872,200 yuan, an increase of 148.19% compared with the same period of last year.
Gaogong LED's financial report found that Alto's performance in 2017 can achieve rapid growth, mainly driven by the following three factors:
1. The scale of the company's business continued to expand, and the proportion of domestic business increased. New products and new markets drove the overall scale up. In 2017, while strengthening the construction of overseas service outlets, the company actively explored the domestic market and fully seized the opportunities of domestic industrial development. The domestic business increased by 252.65% compared with the same period of last year, which reduced the risks brought by international trade frictions; Promote product and business innovation, further enhance the company's competitiveness in the global market, and its market share continues to rise.
2. LED landscape lighting is in the industry's blowout period, and the company's position and scale in the industry has been greatly improved. Driven by major international conferences and large-scale events in 2017, the concept of night travel economy continues to ferment, boosting the rapid development of the LED landscape lighting industry and bringing a broad growth space for the company.
3. The concentration of LED application industry continues to increase, and technical barriers in the industry are improving. With the rise of emerging technologies such as MicroLED, MiniLED, COB, artificial intelligence, big data and blockchain, technical barriers in LED applications and financial technology continue to increase, and industry concentration continues to increase. The company has always focused on technological innovation, and prioritizing the intellectual property rights related to core products and solutions has become an important driving factor for the company's performance growth.
Indeed, in 2017, under the general trend that the global economy continues to improve and China's economy is growing steadily, the LED application industry has taken a step forward in terms of technological processes and product diversification and segmentation. Small spacing continues to lead the industry's development trend, transparent screens are beginning to emerge, and technologies such as COB, MicroLED, and MiniLED continue to break through.
In the domestic market, with the acceleration of urbanization construction, the concept of smart city and night travel economy has risen, LED display applications have accelerated penetration into municipal engineering, and demand has increased significantly compared with the past. The overseas high-end market is still dominated by Europe and the United States, and gradually expands into emerging markets such as Russia and India.
LED landscape lighting strengthens the combination of art and technology. Based on the background of the economic development of night travel, it gradually develops towards intelligent, energy-saving and comprehensive urban lighting transformation.
In this context, Alto Electronics develops and develops diversified solutions for different customers and industries by continuously understanding customer needs and exploring cutting-edge technologies. It is understood that in 2017, Alto Electronics launched the first COB small-pitch LED display panel product with independent intellectual property rights, intelligent LED display system to enhance human-computer interaction experience, industry-leading ATLVC-8K display control system, suitable for business New products such as CLD pitch products in the field of control rooms have become the industry benchmark in many fields.
As far as LED landscape lighting is concerned, the industry has ushered in a blowout period in 2017. Local governments have accelerated the construction of urban landscape lighting. Urban outdoor night lighting has gradually expanded from the previous real estate building lighting to urban landscape lighting, urban landscape lighting market space. huge.
Aloft Electronics' wholly-owned subsidiary Qianbaihui provides professional LED landscape lighting solutions for major cities in China, adding a beautiful landscape to the city's night and promoting the rapid development of the night travel economy. It is worth mentioning that at present, Qianbaihui's LED landscape lighting solutions have been applied to Changchun People's Street, Wuhai Gandel Mountain, Xi'an Weihe, Wuhan Hanxiu Theater and Xiamen BRICS International Conference Center. Widely praised by the owners and tourists.
At the same time, with the rise of urbanization construction, smart city, night travel economy and other concepts, LED display applications have accelerated penetration into municipal engineering, demand has increased significantly compared with the past, and cooperation between Qianbaihui and other LED business units. It is also closer, and the scale of resources is promoted through the sharing of resources in the downstream channels.
According to the financial report, Alto's 2017 smart landscape lighting engineering products revenue of 519 million yuan, accounting for 49.86% of total operating income. Moreover, the gross profit rate of intelligent landscape lighting engineering products is as high as 30.51%.
No matter how brilliant the achievements in 2017, it has become a thing of the past. In 2018, the LED application industry will further deepen and enter a stage of structural change. The degree of market concentration will continue to increase, the technical iteration may accelerate, and the market will develop in a diversified and international direction. In 2018, it will also be In sports years, the demand for LED lighting and intelligent control in stadiums will further increase, and the pace of renovation of smart venues will also accelerate.
Therefore, in 2018, Alto Electronics will seize the opportunity of “beautiful city†and “smart city†to realize the company's position in the LED application industry.
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