On August 8th, Zhou Ming Technology announced that the company has won the bid for the “Guangzhou Honda Construction Store New Standard LED Display Supplier Bidding†project. The winning bid amount is about 80 million yuan.
“The Guangben project has about 400 screens, mainly based on P1.0 stickers and indoor rental screens. The area is large and small.†Wu Meng, director of the marketing department of Zhouming Technology Display Division, told the reporter of “High-tech LED†The entire project will last for about two years, with an estimated amount of 80 million, which may exceed the estimated sales.
Wu Meng said that the first half of this year was the off-season of the display screen. Coupled with the government change, many public projects were stagnant. Even under such circumstances, the display business of Chau Ming Technology still increased by 29.16% in the first half of the year. In the second half of the year, the display business will be better. With the launch of government projects and the peak of overseas Christmas rental screen sales, the company's display business will also make a big contribution to the performance in the second half of the year.
The latest semi-annual report released by Chau Ming Technology showed that the operating income in the first half of the year was 33,007,100 yuan, a year-on-year increase of 33.89%. The net profit attributable to shareholders of listed companies was 11.28 million yuan, a year-on-year decrease of 30.94%.
The explanation given by Chau Ming Technology is that the main reasons for the decline in net profit during the reporting period are as follows: First, in February of this year, the company’s production base moved into its own industrial park and the SAP (R3) system was launched online. The company's production management system capabilities also put forward higher requirements and challenges, resulting in the failure of major foreign trade orders for some display and lighting products to be shipped as scheduled, thus affecting revenue recognition; second, the company is considering future business strategy The need to increase the investment in the construction of sales channels in the display and lighting market, the sales expenses in this period increased significantly.
In the semi-annual report, Chau Ming Technology said that the relocation to the new plant will greatly increase the company's existing production capacity, and the display capacity will increase by 2-3 times, while the lighting capacity will increase by more than 4 times. .
"The lighting business is planned to account for 25% of the company's total revenue by the end of the year, of which indoor and outdoor lighting performance contributes 50% each." Zhou Ming Technology Director and Deputy General Manager Liu Wei said that in the outdoor street lighting, Zhou Ming Technology The fifth-generation LED street light products have been launched. In terms of indoor lighting, six fully automated production lines have been put into production in June.
Liu Wei told Gao Gong LED reporter that the strategy of Zhouming Technology's lighting business is to win by single products. This year, the fluorescent tubes should be the top three in the country, and the investment in channel construction will be increased.
It is understood that at present, Zhouming Technology has about 150 core dealers, and by the end of the year, it will reach 250. The focus of investment promotion is dealers of distribution channels and engineering channels.
While pursuing the development of the domestic market, the overseas revenue of the company's lighting business is also growing.
According to the financial report, in the first half of 2013, the company's lighting business came from overseas income of 18.9395 million yuan, an increase of 48.67%. Liu Wei said that the company's lighting products have successfully entered the large supermarkets in Europe and North America.
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