Focusing on LED packaging, it is also positioned in the mid-to-high end, and also focuses on the fields of backlight and lighting LED devices. Ruifeng Optoelectronics and Jufei Optoelectronics performed well in 2013. Ruifeng Optoelectronics' lighting devices became the main source of revenue. They focus on medium and large-sized backlights, but are unable to deal with small-sized backlights. While Jufei Optoelectronics' small-sized backlight business is stable, the large-sized backlight market has suddenly emerged.
Ruifeng Optoelectronics achieved total operating income of 682 million yuan in 2013, a year-on-year increase of 36.37%; net profit was 56.6038 million yuan, a year-on-year increase of 20.78%.
Jufei Optoelectronics achieved total operating income of 754 million yuan in 2013, a year-on-year increase of 52.19%; net profit was 131 million yuan, a year-on-year increase of 43.06%.
Among them, Ruifeng Optoelectronics’ medium and large-size backlight LED devices were 290 million yuan, a year-on-year decrease of 0.72%; small-size backlights were 31.2812 million yuan; lighting LED revenue was 329 million yuan, a year-on-year increase of 92.87%.
Jufei Optoelectronics’ medium and large-size backlight LED devices were 159 million yuan, a year-on-year increase of 210%; small-size backlights achieved sales revenue of 465 million yuan, a year-on-year increase of 26.97%; lighting LED device revenue was 113 million yuan, a year-on-year increase of 83.93%.
Backlight LED: Ruifeng 321 million, Jufei 624 million
Let’s first take a look at the backlight LED business of these two companies.
Ruifeng Optoelectronics stated that the LED backlight field has become one of the major suppliers of medium and large-sized LCD backlight sources, and has become the first in the country in the field of LED TV backlight sources.
In 2013, Ruifeng Optoelectronics’ medium and large-size backlight LED revenue was 290 million yuan, with a profit of 79.7127 million yuan, and a gross profit margin of 27.51%; the small-size backlight business was 31.2812 million yuan, with a profit of 9.6099 million yuan, and a gross profit margin of 30.72%.
Jufei Optoelectronics believes that after several years of rapid development, the company has now become the leading company in the production of backlight LEDs in mainland China. Jufei Optoelectronics' backlight LEDs are mainly used in electronic products such as mobile phones, computers, and LCD TVs. Benefiting from the increasing market share of smartphones, the increase in the amount of light used by a single mobile phone as the screen becomes larger and the resolution increases, as well as the growth in sales of tablet computers (their thinness and thinness determines the small size of the devices used), the demand for small-sized backlights has grown rapidly.
In 2013, Jufei Optoelectronics' backlight LED achieved sales revenue of 624 million yuan, an increase of 49.44% from 417 million yuan in 2012, accounting for 83.01% of its main business revenue.
Among them, Jufei Optoelectronics’ small-size backlight achieved sales revenue of 465 million yuan, a year-on-year increase of 26.97%, accounting for 61.87% of its main business. Among them, the super-bright series products achieved revenue of 391 million yuan, an increase of 63.19% from 239 million yuan in the same period of 2012, and their proportion in the main business revenue further increased from 48.67% in 2012 to 52.01% in 2013.
What cannot be ignored is that Jufei Optoelectronics’ medium and large-sized backlight business has developed rapidly and has become a new profit growth point for the company. In 2013, Jufei Optoelectronics' medium and large-size backlight business achieved revenue of 159 million yuan, an increase of 210% from 51.2427 million yuan in the same period last year, and its proportion in the main business revenue increased from 10.41% in the previous year to 21.14%.
Jufei Optoelectronics also mentioned that all domestic first-tier color TV companies have launched business cooperation with Jufei Optoelectronics, and there are also many second- and third-tier customers, totaling dozens. Although Jufei Optoelectronics currently has a small share among most customers, there is a lot of room for growth in the future.
Lighting LED devices: Ruifeng 329 million, Jufei 113 million
Jufei Optoelectronics' lighting LED device revenue was 113 million yuan, an increase of 83.93% from 61.304 million yuan in 2012, and its proportion in the main business income increased from 12.46% in 2012 to 15.01% in 2013.
In comparison, the growth of Ruifeng Optoelectronics' operating income in 2013 mainly came from lighting LED, with lighting LED revenue accounting for more than 48% of total revenue. Ruifeng Optoelectronics' lighting LED revenue in 2013 was 329 million yuan, a year-on-year increase of 159 million yuan, a year-on-year increase of 92.87%; in addition, lighting LED profits were 43.4148 million yuan, with a gross profit margin of 13.18%.
Ruifeng Optoelectronics’ main products are high-end backlight LED devices and components (medium and large-sized LCD TV backlights, computer backlights, mobile phone backlights, etc.), lighting LED devices and components, display LED devices and components, etc. In terms of packaging structure, Ruifeng Optoelectronics’ products are all advanced SMD LEDs.
In 2013, Ruifeng Optoelectronics continued to increase market development in the field of LED medium and large-sized backlights and LED lighting, making full use of the respective advantages of the two sales models of direct sales channels and agent channels. At the same time, Ruifeng Optoelectronics strengthened cooperation with major international manufacturers. Through cooperation with major international manufacturers, the company's product quality and brand influence were continuously improved.
ANNA