Yesterday (14) night, Wanrun technology, maoshuo power supply and dehuorundaqi announced the performance express in 2019, threecompanyallTurning losses into profits.
Wanrun technology achieved a revenue of 4.18 billion yuan in 2019, a year-on-year decrease of 8.68%; the net profit attributable to shareholders of listed companies was 60.87 million yuan, while the loss in 2018 was 944 million yuan.
Wanrun technology said that during the reporting period, the company continued to adhere to the “dual main business strategic layout of LED and advertising media”, and the LED business and advertising media business of the two major sectors maintained healthy and steady development. In addition, the provision for impairment of goodwill in the reporting period decreased significantly compared with the same period of last year.
In 2019, the revenue of maoshuo power was 1.248 billion yuan, a year-on-year decrease of 6.72%; the net profit attributable to shareholders of listed companies was 66.53 million yuan, while the loss in 2018 was 256 million yuan.
In this regard, maoshuo power said that during the reporting period, the company focused on industry, adhered to the development strategy of “focusing on the main business”, deeply cultivated the main business, adhered to the business philosophy of high-quality and healthy development, adhered to the business strategy of “innovation technology, products as the king”, steadily promoted various cost reduction measures, strengthened the management of receivables and inventory, and gave full play to comprehensive budget management To improve the company’s operation efficiency, continuously optimize the customer and product structure, the company’s profitability has been greatly improved.
In 2019, dehoruda achieved a revenue of 2.967 billion yuan, a year-on-year decrease of 25.85%; realized a net profit of 254 million yuan attributable to shareholders of the listed company, and a loss of 3.967 billion yuan in 2018.
According to the report, in 2019, dehoruda shut down the LED chip factory and continued to carry out sales and cleaning work on the inventory of LED chip products. As a result, the company’s total business income decreased. At the same time, the company sold 100% equity of Guangdong dehuorunda Lighting Electric Co., Ltd. (Dehao lighting) and sold most of LED domestic lighting business, and sold its subsidiary, Wistar electric (Zhongshan) ）100% equity of Manufacturing Co., Ltd. (Zhongshan Wistar), etc., which increased the investment income and asset disposal income of the company.
As of the end of September 2019, the LED chip factory had stopped production, de horunda said. Affected by the shutdown, the revenue of LED chips has decreased significantly; the stock of LED packaging business, LED display business, LED lighting T8, bulb lamp and other businesses also decreased slightly due to the impact of fierce industry competition. According to the calculation, in 2019, the company’s overall sales revenue of LED business decreased by 39.07% compared with the same period of last year, and the overall gross profit rate of LED business increased by 4.58% compared with the same period of last year. The main reason for the rise in gross profit rate was the closure of LED chip (negative gross profit) business. (organized by ledinside Janice)
Editor in charge: WV