Autumn is deepening, and the release of the third-quarter reports is nearing its end. According to statistics, as of today, 38 LED companies have disclosed their third-quarter reports. Among them, companies that have just announced their reports in the past two days include: Leyard, Hongli Zhihui, Zhuming Technology, Changfang Group, Mingjia Hui, Qinshang Shares, and Leyman Shares, making the 'winner and loser' readily apparent.

Overview of Q3 Performance of 38 Companies

Leyard achieved Q3 revenue of 1.773 billion yuan, a year-on-year increase of 63.95%; net profit was 263 million yuan, a year-on-year increase of 118.54%. Cumulative revenue for the first three quarters reached 4.286 billion yuan, a year-on-year increase of 52.34%; cumulative net profit reached 634 million yuan, a year-on-year increase of 108.57%. The main reason for the increase in revenue in the first three quarters is the increase in sales orders and acceptance projects during the reporting period; also, the acquisitions of Lanshuo Technology, Vanke Times, Puer Lighting, Zhongtian Lighting, Junze Lighting, and NP Company resulted in increased operating income; the increase in net profit is mainly due to the increase in operating income during the reporting period, while the increase in operating costs and period expenses was lower than the increase in operating income, thus leading to an increase in net profit.

　　Hongli Zhihui achieved Q3 revenue of 954 million yuan, a year-on-year increase of 65.26%; net profit was 84 million yuan, a year-on-year increase of 51.99%. Cumulative revenue for the first three quarters reached 2.58 billion yuan, a year-on-year increase of 64.17%; cumulative net profit reached 260 million yuan, a year-on-year increase of 34.29%. The increase in revenue for the first three quarters is mainly due to the company's expanding sales scale and increased income; the increase in net profit is mainly due to increased profits during this reporting period. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year.

　　Zhuming Technology achieved Q3 revenue of 744 million yuan, a year-on-year increase of 38.59%; net profit was 78 million yuan, a year-on-year increase of 24.62%. Cumulative revenue for the first three quarters reached 1.964 billion yuan, a year-on-year increase of 62.56%; cumulative net profit reached 215 million yuan, a year-on-year increase of 67.17%. The increase in revenue for the first three quarters is mainly due to increased sales of foreign trade and small-pitch products during this period; the increase in net profit is mainly due to performance growth. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year.

　　Changfang Group achieved Q3 revenue of 473 million yuan, a year-on-year increase of 15.43%; net profit was 17 million yuan, a year-on-year increase of 10.89%. Cumulative revenue for the first three quarters reached 1.329 billion yuan, a year-on-year increase of 16.82%; cumulative net profit reached 30 million yuan, a year-on-year decrease of 44.25%. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year.

　　Mingjia Hui achieved Q3 revenue of 160 million yuan, a year-on-year increase of 90.28%; net profit was 51 million yuan, a year-on-year increase of 102.02%. Cumulative revenue for the first three quarters reached 413 million yuan, a year-on-year increase of 90.86%; cumulative net profit reached 118 million yuan, a year-on-year increase of 139.53%. The main reason for the increase in revenue for the first three quarters is the continuous growth of the company's income due to the gradual accumulation of experience in the lighting engineering business and further improvement of industry reputation, as well as the industry market ushering in explosive opportunities; the increase in net profit is mainly due to the significant growth in the company's business scale and performance during the reporting period, resulting in a significant increase in net profit. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year.

　　Qinshang Shares achieved Q3 revenue of 314 million yuan, a year-on-year increase of 65.40%; net profit was 19 million yuan, a year-on-year increase of 58.55%. Cumulative revenue for the first three quarters reached 1.179 billion yuan, a year-on-year increase of 85.41%; cumulative net profit reached 101 million yuan, a year-on-year increase of 106.25%. The increase in revenue for the first three quarters is mainly due to the inclusion of Longwen Education's financial statements into the consolidated scope during the reporting period; the increase in net profit is due to increased operating profit. The company predicts that the 2017 operating performance will return to profit compared with the same period last year.

　　Leyman Shares achieved Q3 revenue of 162 million yuan, a year-on-year increase of 5.68%; net profit was 2 million yuan, a year-on-year decrease of 83.88%. Cumulative revenue for the first three quarters reached 473 million yuan, a year-on-year increase of 17.10%; cumulative net profit reached 24 million yuan, a year-on-year decrease of 41.80%. The year-on-year decrease in net profit for the first three quarters is mainly due to the company's termination of the contract with the Chinese Super League, resulting in a decrease in the company's sports revenue and profit compared to the same period last year. The company predicts that the cumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a significant change compared to the same period last year.