Jufei Optoelectronics Q1 performance increased by 30% LED technology research and development project extension

Jufei Optoelectronics (300303) disclosed a quarterly report on the evening of the 21st. The company's total operating income for the first three months of 2014 was 213 million yuan, a year-on-year increase of 53.73%; the net profit attributable to the company's common shareholders was 37.810 million yuan, an increase of 30.11%; The basic earnings per share is 0.17 yuan.

The company said that during the reporting period, the LED industry had a high degree of prosperity, and the company's various products were prosperous in production and sales. Among them, the sales revenue of backlight LED reached 176,784,400 yuan, an increase of 47.58% over the same period of the previous year. The sales revenue of the LED business reached 32.453 million yuan, an increase of 128.55% over the same period of the previous year.

In addition, the company announced on the same day that the LED technology R&D center project of the fundraising plan was originally planned to be completed by March 31, 2014. As of March 31, 2014, the actual use of the project raised funds of 27,702,700 yuan, and the completed investment progress was 58.22%.

The company stated that the main reason for the project's failure to reach the scheduled investment schedule is that the R&D project proposed before the company's listing has changed with the passage of time, and the technical level of the R&D project has changed. To the low-cost high-power LED devices. Based on the principle of cost saving and maximizing the benefits of raised funds, the company adjusted the research and development focus and progress of new products and new technologies in light of technological development changes and the actual situation of the company. Under the principle of complying with the development rules of the lighting market, according to the project requirements, the key points The company has developed a new type of resin-type high-power LED and metal substrate high-power LED with better lumens, while suspending research and development investment in ceramic LED and silicon-based LED projects with low technology and cost advantages. In addition, during the implementation of the project, the construction site of the company and the construction site of the LED technology R&D center were relocated from Shenzhen Longhua to Pinghu, Shenzhen, which also caused a certain delay in the project investment, which made the overall plan of the R&D project not completed within the specified time. The project is scheduled to be postponed until September 30, 2014.

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