Both pre - increase!Two more LED companies announced their forecast for 2020

  Today (12.25), Inferte and Ming Microelectronics have released the 2020 performance forecast, the net profit of the two enterprises are expected to increase.

  Infinite 2020 net profit is expected to increase by 40%-60%

  It is estimated that in 2020, the net profit attributable to the shareholders of the listed company will be 14,8614,200 yuan to 169,844,800 yuan, an increase of 40%-60% over the same period of last year of 10,6153,000 yuan.

  According to the announcement, under the circumstance that its production and business activities were affected by the epidemic, Infreit actively adjusted its business strategy, strengthened the market expansion at home and abroad, developed new businesses and key customers, and released the accumulation of past business projects.

  Among them, LED drive power supply business operating income under the pressure of the epidemic still increased compared with the same period last year.The company's new energy vehicle charging facilities related business market development smoothly, operating revenue increased significantly compared with the same period last year.

  In addition, thanks to the development of new products and emerging application markets, the proportion of sales revenue of products with higher gross profit rate has been increased, and the production capacity utilization rate has been continuously improved.

  Infreit said that the company continued to optimize the internal management system, strict control of various costs, improve the cost of expenses cost-effectiveness ratio, achieved significant results.

  During the reporting period, the company successfully put into operation the Asia Pacific India factory, the North America Mexico factory and the two overseas factories, which realized the capacity backup for the subsequent further globalization development layout and business development, and further improved the customer confidence and stickiness.

  In addition, the company reasonable investment, obtain a certain investment income.It is estimated that the impact of non-recurring gains and losses on the company's net profit will be about RMB 25.47 million, mainly due to the government subsidies and investment income received.

  Ming Microelectronics 2020 net profit increased by 31.71%

  Ming Microelectronics is expected to achieve an operating income of RMB 515,764,300 in 2020, an increase of 11.42% over the same period of last year, and net profit attributable to the owner of the parent company of RMB 10,6,322,700, an increase of 31.71% over the same period of last year.

  Announcement shows that in 2020, the operating profit of Ming Microelectronics increased by 31.30%, the total profit increased by 31.38%, the net profit attributable to the owner of the parent company increased by 31.71%, the net profit attributable to the owner of the parent company after deducting non-recurring profits and losses increased by 34.61%, and the basic earnings per share increased by 31.72%.

  The above project increase or decrease amplitude change of more than 30%, mainly because of the second half of the integrated circuit industry gradually recover, the market demand, LED display driver chip and LED lighting driver chip sales continue to grow, coupled with high gross margin on the new product sales volume, gross margin improved whole, thus promote the steady growth of full-year operating revenue and operating profit.

  In addition, in 2020, the total assets of the company increased by 167.34%, the owner's equity attributable to the parent company increased by 222.94%, the share capital increased by 33.33%, and the net assets attributable to the owner of the parent company increased by 142.26%, mainly due to the increase in funds raised by initial public offering during the reporting period.

  Ming Microelectronics said that compared with the "IPO and listed in the science and technology board prospectus" in 2020 performance forecast, the above data difference is mainly due to strong demand in the downstream market in the fourth quarter, coupled with the emergence of capacity protection and cost scale effect brought by self-allocation.

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