[Text/High-tech LED Ganqin] In the first half of 2015, Tongfang Guoxin actively promoted capital operation, and accelerated the development of new products and enhanced the competitiveness of the company's products through a series of enhancements in chip design technology and product optimization and upgrading. In the first half of the year, the company's performance achieved growth, and the LED substrate material business created a profit growth point for the company.
On August 17, 2015, Tongfang Guoxin released its first-half performance report. The company achieved a total operating income of 557.726 million yuan, an increase of 23.43% over the same period of the previous year; the total profit reached 158,745,600 yuan, an increase of 8.84% over the same period of the previous year; The net profit of the shareholders of the listed company was 133,307,100 yuan, an increase of 1.52% over the same period of the previous year.
In addition, Tongfang Guoxin said that in view of the fact that the “2015-2016 key integrated circuit design enterprise within the national planning layout†has not yet started the certification, based on the accounting prudence principle, the company’s two core subsidiaries reported at the 15% income tax rate during the reporting period. For example, based on the 10% income tax rate for the same period last year, the company's net profit for the first half of the year increased by 7.67% year-on-year. After deducting non-recurring gains and losses, the net profit increased by 19.37% year-on-year.
The main business of Tongfang Guoxin is the design and sales of integrated circuit chips, and is committed to providing users with advanced chip products and professional chip solutions. The main products include smart card chips, smart terminal chips and special integrated circuit chips, as well as quartz crystal components and LED substrate materials.
Tongfang Guoxin pointed out that during the reporting period, the company's quartz crystal and LED substrate materials business performance was stable, achieving operating income of 81 million yuan and net profit of 11.81 million yuan. “The market for quartz crystal products is very competitive. We have implemented refined management to strengthen cost control. At the same time, we have improved our production management and quality control capabilities through information technology. The overall business situation is stable.â€
In terms of sapphire crystals, the company has achieved significant breakthroughs in its growth process through process improvement and technological innovation, which can significantly improve production efficiency. During the reporting period, Tongfang Guoxin Sapphire Crystal continued to receive the development fund of the “New Constant Temperature Crystal Oscillator Industrialization Project†of the Hebei Provincial Development and Reform Commission, the “Export Transformation and Upgrade†project of the Hebei Provincial Department of Commerce, and the support for the international cooperation project of the Ministry of Science and Technology.
In addition, Tongfang Guoxin is also optimistic about the business performance of January-September 2015. Du Linhu, the company's director-general, said, “Our traditional business will continue to grow steadily from January to September this year, and new products will begin to enter. The market will form a new profit contribution and the business performance will increase steadily."
It is understood that Tongfang Guoxin's net profit attributable to shareholders of listed companies from January to September 2014 was 225.054 million yuan. The company expects net profit attributable to shareholders of listed companies from January to September this year to increase by 24,756.02 to 30,382,800 yuan.
In addition, the company's stock issuance plan has been reviewed by the China Securities Regulatory Commission. In the future, the company will continue to play the value of the capital market platform, and focus on the core business of chip design to achieve high-quality resource integration and extended growth.
Nantong Boxin Electronic Technology Co., Ltd. , https://www.ntbosen.com