Recently, LED companies such as Qianzhao Optoelectronics, Ruifeng Optoelectronics, Jufei Optoelectronics, Lianjian Optoelectronics, Jiawei Shares, and Changfang Group have successively released their Q3 performance forecasts. Who will be the top performer? Let's find out!

Qianzhao Optoelectronics' Q3 performance is expected to increase by 589% - 616%

　　Qianzhao Optoelectronics released its 2017 Q3 performance forecast on the evening of October 13. From January 1, 2017, to September 30, 2017, the company's net profit attributable to shareholders of the listed company is expected to reach 155 million to 161 million yuan, an increase of 589.33% - 616.01% year-on-year.

　　The company stated that the main factors affecting the company's performance changes are: From January to September 2017, benefiting from the market recovery in the LED industry, and at the same time, the company adhered to its core business development strategy. The company's LED chip business revenue and its proportion of total revenue both increased significantly year-on-year; From January to September 2017, the company's chip production capacity further increased, chip production increased significantly year-on-year, unit product costs decreased, and gross profit margin rapidly improved.

Ruifeng Optoelectronics' Q3 net profit increased by 75% to 91% year-on-year

　　On October 13, Ruifeng Optoelectronics released its performance forecast, predicting that the company's net profit attributable to shareholders of the listed company from January to September 2017 will be between 83.9038 million and 91.575 million yuan, representing a year-on-year increase of 75.00% to 91.00%, while the average net profit growth rate of the optical and optoelectronic industry is 43.80%.

　　The company made the above prediction based on the following reasons: 1. The LED industry landscape and development trend are positive, the company's technological and service advantages are further highlighted. Since this year, the company's general lighting and filament business has achieved rapid growth; the company's ChipLED and automotive LED businesses have also achieved relatively rapid growth. In addition, the company's non-recurring gains also boosted the company's net profit. 2. During the reporting period, the company's non-recurring gains are estimated to be 38 million yuan, mainly due to R&D project subsidies and industry project subsidies.

Jufei Optoelectronics' Q3 net profit changed by 0% to 30% year-on-year

　　On October 13, Jufei Optoelectronics released its performance forecast, predicting that the company's net profit attributable to shareholders of the listed company from January to September 2017 will be between 109 million and 142 million yuan, representing a year-on-year change of 0.00% to 30.00%, while the average net profit growth rate of the optical and optoelectronic industry is 43.80%.

　　The company made the above prediction based on the following reasons: During the reporting period, the company strictly implemented its current development strategy and actively promoted various businesses. The overall business operation was sound, and the main business maintained stable growth. In order to quickly improve its global market share, while increasing market development efforts, the company continued to strengthen R&D investment and human resource construction, resulting in a net profit margin slightly lower than the same period last year.

Lianjian Optoelectronics' Q3 net profit increased by 20% to 40% year-on-year

　　On October 13, Lianjian Optoelectronics released its performance forecast, predicting that the company's net profit attributable to shareholders of the listed company from January to September 2017 will be between 310 million and 362 million yuan, representing a year-on-year increase of 20.00% to 40.00%, while the average net profit growth rate of the media industry is 34.24%.

　　The company made the above prediction based on the following reasons: 1. Compared with the same period last year, the main reason for the increase in net profit attributable to shareholders of the listed company in the first three quarters of 2017 is the steady development of the company's production and operation, the expansion of sales scale and continuous increase in orders for core business segments such as digital display equipment, digital marketing services, and digital outdoor media networks, and the continuous enhancement of the profitability and service capabilities of the company's marketing service group. 2. The non-recurring gains are expected to have an impact of approximately 4 million yuan on the net profit for the first three quarters of 2017.

Jiawei Shares' Q3 net profit increased by 29% to 41% year-on-year

　　On October 13, Jiawei Shares released its performance forecast, predicting that the company's net profit attributable to shareholders of the listed company from January to September 2017 will be between 270 million and 295 million yuan, representing a year-on-year increase of 29.33% to 41.30%, while the average net profit growth rate of the optical and optoelectronic industry is 43.80%.

　　The company made the above prediction based on the following reasons: 1. During the reporting period, the company's lighting business revenue increased year-on-year, and the photovoltaic power plant EPC general contracting and power generation business maintained stable growth. 1) As the photovoltaic industry becomes increasingly mature and competition intensifies, the gross profit margin of Jiangsu Huayuan New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, has decreased while the volume of EPC business has increased; 2) The company's scale has expanded, and the demand for working capital has increased, leading to an increase in the company's financial expenses; 3) Compared with the same period last year, there are additional expenses related to restricted stock; 3. Non-recurring gains in the first three quarters of 2017 are estimated to be approximately 5.35 million yuan.

Changfang Group's Q3 net profit decreased by 40% to 59% year-on-year

　　On October 13, Changfang Group released its performance forecast, predicting that the company's net profit attributable to shareholders of the listed company from January to September 2017 will be between 22 million and 32 million yuan, representing a year-on-year decrease of 58.65% to 39.85%, while the average net profit growth rate of the optical and optoelectronic industry is 43.80%.

　　The company made the above prediction based on the following reasons: 1. In the first quarter of 2017, the company's factory relocation resulted in the inability to effectively release some of the company's production capacity; the company's Huizhou Industrial Park factory building has been completed and transferred to fixed assets, and depreciation has begun to be calculated, but it has not yet generated economic benefits, which has a certain impact on the company's performance; 2. As the Huizhou Industrial Park gradually stabilizes production, the company strengthens internal control and optimizes product structure, and the benefits have gradually been released in the third quarter; among them, the impact of non-recurring gains on net profit from January to September 2017 is expected to be between 13 million and 14 million yuan.

Leiman Shares' Q3 net profit decreased by 25% - 45% year-on-year

　　Leiman Shares expects to achieve a net profit attributable to the parent company of between 22.5919 million and 30.807 million yuan in the first three quarters of 2017, a decrease of 25% to 45% compared to the same period last year. The net profit attributable to the parent company in the third quarter is expected to be between 1.4431 million and 4.3292 million yuan, a decrease of 70% to 90% compared to the same period last year.

　　According to the announcement, the sales revenue and gross profit of the company's LED business continued to grow, but the exchange loss caused by the decrease in the US dollar exchange rate against the RMB had a certain impact on the net profit; due to the company's non-renewal of the Chinese Super League contract, the company's sports revenue and profit in the reporting period decreased compared to the same period last year.

Huacan Optoelectronics: Q3 net profit is expected to increase by about 1.5 times, with significant increase in LED chip production and sales

　　Huacan Optoelectronics released its performance forecast on the evening of October 12, predicting that the net profit for the first three quarters will be between 338 million and 380 million yuan, representing an increase of 139.63% to 169.4% year-on-year; the net profit for the first three quarters was between 122 million and 165 million yuan, representing a year-on-year increase of 38.8% to 87.55%.

　　During the reporting period, the company's LED chip production capacity achieved significant growth, and the company's chip production and sales volume increased significantly; under the scale effect, the company's chip cost further decreased.

利亚德: Q3 net profit increased by 90% to 110% year-on-year

　　On October 12, Liyade released its performance forecast, predicting a net profit attributable to shareholders of the listed company of 577 million to 638 million yuan for the January-September period of 2017, representing a year-on-year increase of 90.00% to 110.00%. The average net profit growth rate for the optical and optoelectronic industry was 43.80%.

　　The company made the above prediction based on the following reasons: expansion of sales scale and increase in orders. As of September 30, 2017, the group's newly signed and newly won orders totaled 6.26 billion yuan; among them, newly signed and newly won orders for small-pitch TVs totaled 1.85 billion yuan, an increase of over 60% year-on-year; newly added and won orders in the night-time economy business segment totaled 1.82 billion yuan, an increase of over 120% year-on-year. Due to the increase in the euro-to-RMB exchange rate, the exchange loss from foreign loans incurred by the acquisition of NATURALPOINT had a certain impact on net profit; the impact of non-recurring gains and losses on net profit in the first three quarters of 2017 was approximately 36 million yuan, which had a relatively small impact on net profit; the net cash flow from operating activities in the first three quarters of 2017 is expected to be significantly better than the same period last year. In summary, due to the increase in orders and the improvement in gross profit margin and net profit margin, although unpredictable financial expenses were incurred, it is still expected to achieve the net profit target of 1.1 to 1.3 billion yuan in 2017.

Absensen: Net profit down 35% to 45% in the first three quarters

　　On October 12, Absensen released its performance forecast, predicting a net profit attributable to shareholders of the listed company of 53.10 million to 62.75 million yuan for the January-September period of 2017, representing a year-on-year decrease of 45.00% to 35.00%. The average net profit growth rate for the optical and optoelectronic industry was 43.80%.

　　The company made the above prediction based on the following reasons: 1. In the first three quarters of 2017, the company's display screen orders increased by approximately 34% year-on-year, and in the third quarter, display screen orders increased by approximately 68% year-on-year, achieving rapid growth. However, due to factors such as production capacity and delivery time, a large number of orders have not yet been recognized as revenue, resulting in an increase in operating revenue of only approximately 11% year-on-year in the first three quarters of 2017. 2. The main reasons for the decline in the company's net profit include: exchange rate fluctuations resulted in exchange losses during the period; the Chinese Super League project led to increased costs and expenses, but the stadium rights have not yet generated income; the introduction of high-end domestic and foreign talent led to increased expenses; impairment of goodwill was recognized. 3. In the January-September period of 2017, the company expects the impact of non-recurring gains and losses on net profit to be approximately 9.22 million yuan.

Infite: Net profit down 11% to 40% in the third quarter

　　On October 12, Infite released its performance forecast, predicting a net profit attributable to shareholders of the listed company of 27.74 million to 41.15 million yuan for the January-September period of 2017, representing a year-on-year decrease of 40.00% to 11.00%. The average net profit growth rate for other electronics industries was 64.41%.

　　The company made the above prediction based on the following reasons: 1. During the reporting period of 2017, the company actively expanded its business, and the overall sales revenue scale maintained continuous growth. However, due to a significant increase in raw material prices and the impact of the overseas economic situation and exchange rate fluctuations, the proportion of revenue structure changed, resulting in a decrease in the comprehensive gross profit margin compared to the same period last year. 2. In order to seek new business growth points, the company has accelerated the strategic pace of new energy vehicle-mounted and non-vehicle-mounted charging products and increased investment in new product research and development.

Guangdong Ganghua: Loss of 28 million to 36 million yuan in the first three quarters

　　On October 12, Guangdong Ganghua released its performance forecast, predicting a net loss attributable to shareholders of the listed company of 28 million to 36 million yuan for the January-September period of 2017, representing a year-on-year increase of 49.30% to 60.56%. The average net profit growth rate for the paper industry was 141.24%.

　　The company made the above prediction based on the following reasons: The company's operating performance has improved year-on-year, but its subsidiary, Guangdong Deli Optoelectronics Co., Ltd., still incurred significant losses.

Guangpu Shares: Net profit up 45% to 55% in the first three quarters

　　On October 12, Guangpu Shares released its performance forecast, predicting a net profit attributable to shareholders of the listed company of 43.66 million to 46.67 million yuan for the January-September period of 2017, representing a year-on-year increase of 45.00% to 55.00%. The average net profit growth rate for the optical and optoelectronic industry was 43.80%.

　　The company made the above prediction based on the following reasons: 1. ①The company's LED lighting and LED packaging businesses maintained continuous and stable growth, which had a positive impact on the company's operating revenue and net profit. ②Compared with the same period last year, the FPC business and rental income increased during this reporting period, also contributing to net profit growth. 2. During this reporting period, the impact of non-recurring gains and losses on net profit is expected to be approximately 5.6 million yuan.

Tailong Lighting: Net profit forecast to increase by 34% to 53% in the first three quarters

　　On October 12, Tailong Lighting released its performance forecast, predicting a net profit attributable to shareholders of the listed company of 38.72 million to 43.97 million yuan for the January-September period of 2017, representing a year-on-year increase of 34.00% to 53.00%. The average net profit growth rate for the optical and optoelectronic industry was 43.80%.

　　The company made the above prediction based on the following reasons: 1. During the reporting period, the company continued to promote new product research and development and technological innovation, further increasing its market development efforts, and all businesses continued the growth trend of the first half of the year. On the other hand, the company's strengthened cost and expense control led to profit growth. 2. During the reporting period, the impact of non-recurring gains and losses on net profit is expected to be between 2.1 million and 2.6 million yuan.

Sanxiong Jiguang: Performance forecast to increase by 11% to 27% in the first three quarters

　　Sanxiong Jiguang announced its performance forecast for the first three quarters of 2017 on the evening of October 11, predicting a net profit attributable to shareholders of the listed company of 162.67 million to 185.67 million yuan, representing an increase of 10.96% to 26.65% compared to the same period last year (146.60 million yuan).

　　During the reporting period, the company increased its market development and marketing investment, and sales revenue increased year-on-year. Government subsidies included in the current profit and loss were approximately 24 million yuan, a significant increase compared to 5.285 million yuan in the same period last year, mainly due to the receipt of approximately 21 million yuan in financial subsidies by the company's wholly-owned subsidiary, Chongqing Sanxiong Jiguang Lighting Co., Ltd.

San'an Optoelectronics: Strong LED demand, performance forecast to increase in the first three quarters

　　San'an Optoelectronics disclosed its performance forecast for the first three quarters on the evening of October 10, predicting that the net profit attributable to shareholders of the listed company for the January-September period of 2017 will increase by 55% to 60% year-on-year.

　　The company stated that during the reporting period, strong LED demand led to a significant year-on-year increase in the net profit from main business attributable to the parent company for the first three quarters of 2017.

Honli Zhihui: Net profit forecast to increase by 20% to 40% in the first three quarters

　　Honli Zhihui disclosed its performance forecast for the first three quarters on the evening of September 25, predicting a profit of 232 million to 271 million yuan, representing a year-on-year increase of 20% to 40%.

　　Among them, the net profit attributable to shareholders of the listed company for the third quarter of 2017 (July 1, 2017 - September 30, 2017) was 77.74 million to 88.85 million yuan, an increase of 40% to 60% year-on-year.

　　Regarding the main reasons for the increase in performance, the company stated that the demand for the LED lighting market is good, the company's operating performance remains stable, and sales revenue has achieved steady growth; the acquired subsidiary, Suyi Network, was included in the consolidated financial statements starting in June, resulting in an increase in operating performance.