On April 16, Ruifeng Optoelectronics (300241) announced in the evening that the company achieved operating income of 921 million yuan in 2015, an increase of 1.55% over the previous year. The net profit attributable to shareholders of listed companies was 33.2 million yuan, an increase of 39.29% over the previous year. In 2015, Ruifeng Optoelectronics continued to use LED and medium and large-size backlight LED as the leading products. The sales revenue of lighting LED was 618,405,968.08 yuan, up 14.03% year-on-year. The sales revenue of medium and large size backlight LED was 285,079,774.01 yuan, down -11.11 year-on-year. %. Lighting LEDs and medium and large-size backlight LEDs accounted for 98.11% of the main business revenue. In terms of lighting LEDs: In the environment of further restrictions of incandescent lamps, although the penetration rate of LED lighting products has improved, the competition in the LED lighting market has become increasingly fierce, bankruptcy in the industry, mergers and acquisitions have occurred frequently. In the case of a significant drop in LED prices, the pace of expansion of LED packaging companies has accelerated, resulting in overcapacity. The oversupply situation has spurred the competition in China's LED packaging market to become more intense. The prices of domestic packaging companies are almost swaying, and the prices of international LED packaging manufacturers have also fallen by more than 20%. In terms of medium and large size backlight LEDs: the sales of traditional TV manufacturers declined in 2015, and some packaging companies entered the field of medium and large backlight LEDs, which intensified market competition. The company adopted a more proactive profit to stabilize market share. Strategies to deal with fierce market competition. During the reporting period, the company achieved operating income of 920,932,219.15 yuan, an increase of 1.55%; net profit of 33,276,718.94 yuan, an increase of 40.17%. The basic earnings per share was 0.1513 yuan. During the reporting period, the company's strategic objectives were clearer. After many arguments, the company's LED business will mainly focus on lighting LED, medium and large size LCD backlight LED, small size backlight LED products, supplemented by automotive electronics and infrared products. Faced with fierce competition in the industry, the company will take measures such as strengthening internal management, developing new products, and controlling related expenses. At the same time, it will actively seek new strategic layout and make the capital market bigger and stronger. Obtained Toyota Synthetic White Light Patent License On January 15, 2015, the company signed a white light patent licensing agreement with Toyota Synthetic Optoelectronics Trading (Shanghai) Co., Ltd. authorized by Japan Toyota Synthetic Co., Ltd. (hereinafter referred to as "Toyota Synthetic"), and Ruifeng Optoelectronics obtained Toyota Synthetic Baiguang patent license in Austria, Japan, the United States, Europe, Russia, China (including Taiwan), South Korea, India, Malaysia. This cooperation will greatly help the company to enter Japan, Europe, South Korea, Taiwan and other markets, and will help promote the company's "big customer" strategy and internationalization process. It also helps to enhance the added value of the products and the core opinions of the company. It also satisfies the demand for patents by domestic customers and enhances the confidence of domestic customers in the company's products. Acquired Lingtao Optoelectronics to seize the small-size backlight LED market for fast cutting into mobile phones, MP3, MP4, camcorders, notebook computers, tablet computers, etc., to enlarge and strengthen the small and medium-sized backlight LED market. The company participated in Shenzhen in February 2014. City Lingyuan Optoelectronics Technology Co., Ltd. 15% of the shares. In 2015, the company completed the acquisition of the remaining 85% stake in Shenzhen Lingtao Optoelectronics Technology Co., Ltd., and introduced the strategic partner TCL Group Co., Ltd., Guangdong Wenshi Investment Co., Ltd. After the completion of the acquisition, Lingtao Optoelectronics became a wholly-owned subsidiary of the company.
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