[New three boards] Sco Electric subsidies ultra-net profit medical light source growth more than 3 times

[Text / Gaogong LED Zhao Hui] In the first half of 2015, the net profit attributable to listed shareholders was 1,939,400 yuan, an increase of 1,58.12% over the same period of the previous year. At first glance, the 2015 semi-annual report released by the new three-board listed company Sco Electric, the net profit growth has reached an astonishing 16 times. A careful analysis of the financial report found that government subsidies reached 2 million yuan in the first half of 2015 alone. This also shows that if the government subsidies are deducted, Sco Electric is actually losing money.

According to the semi-annual report, from January to June 2015, the revenue of Sco Electric was 6.0027 million yuan, a year-on-year increase of 41.61%; the net profit attributable to the shareholders of the listed company was 1,939,400 yuan, an increase of 165.81% over the same period of last year.

According to the information, Sco Electric was established in February 2009 and was listed on the New Third Board on August 29, 2014. It is a supplier of LED lighting products integrating R&D, production and sales. Based on LED lighting industry, it has many patents such as heat dissipation technology, light distribution and modeling technology and electronic intelligent control technology. The products cover LED light source packaging products and LED downstream. Lighting product applications.

According to the semi-annual report, the current Scott Electric products mainly include LED packaging products, LED light source products, LED lighting products, LED engineering lighting products, and all products are sold in China. The sales revenue of lighting products and medical light source module products is its main source of income and profit.

Sco Electric's main business segment breakdown income unit: 10,000 yuan

Sco Electric said that due to the impact of the country's macroeconomic regulation and control, the growth of investment in the upstream industry slowed down and the project slowed down and decreased, resulting in the delay and reduction of the original expected orders for the outdoor lighting and commercial lighting of Sco Electric; With the maturity of LED product technology, the improvement of production efficiency and the intensification of market competition, the price of single products of LED products has further declined, and the gross profit margin of products has declined. For the above reasons, the lighting business sales revenue decreased year-on-year.

In the special lighting such as medical light source module, Sco Electric further consolidated the market foundation for 14 years. With the improvement of production efficiency and the improvement of customer trust, the medical light source module business has grown steadily and the revenue is year-on-year. The increase reached 361.47%.

In the first half of 2015, Sco Electric received a government subsidy of 2 million yuan, of which the New Third Board was listed for the Huizhou Municipal Government's 1.5 million yuan award and the Huizhou Zhongkai New District 300,000 yuan reward.

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