Chinese LED manufacturers Auckson Opto and Unilumen financial results in 2Q15 was polarize. Auckson net profits plummeted, in stark contrast Unilumen’s revenues nearly doubled, reported Chinese-language report Security Times.
Auckson Opto net profits plunged 90% during first half of 2015, due to waning demands for high end LED products. For the first half of 2015, the company reported a revenues declined 17.07% Year-on-Year (YoY) to approximately RMB 144 million (US $ 23.18 million). Net profits also plunged 96.11% YoY to RMB 1.55 million. Sliding revenues was mostly attributed to the economic downturn, and insufficient demands for large and high end LED displays. Fast and dramatic changes in LED applications has also intensified competition, industry mergers has also created large disruptions in the market. Overall, industry growth has slowed.
In stark contrast, Unilumen posted a 139% growth in net profits during first half of 2015. The company’s revenues reached RMB 624.12 million, up 40.01% compared to the same period last year. Net profits jumped 126.65% to RMB 82.03 million, while net profits attributable to shareholders increased 139.47% to RMB 57.09 million.
