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Benefiting from the surge in demand for LED backlights for smart phones, Jufei Optoelectronics achieved double profit growth in the face of increased competition in China's LED industry last year and the decline in corporate performance.
According to the annual report released by Jufei Optoelectronics last night (4th), its total operating revenue in 2012 increased by 42.74% to 495 million yuan, and net profit increased by 14.15% to 91.53 million yuan.
Jufei Optoelectronics said that this benefited from the increase in mobile phone shipments brought by smart phone replacement function machines, the increase in the size of a single mobile phone screen, the increase in resolution, the increase in the number of lamps used in a single unit, and the development of tablet computers for thinner and lighter. The miniaturization of devices has led to a rapid increase in demand for small-sized backlights. The company's small-size backlight products achieved sales revenue of 366 million yuan last year.
With the continuous launch and upgrade of downstream consumer electronics such as smartphones, tablets, and Ultabooks, Jufei Optoelectronics has changed the pre-2012 business with feature phones.
In addition, Jufei Optoelectronics is also actively exploring the large-size backlight market, and has begun to supply large-size backlight devices or light bars to domestic mainstream LCD TV manufacturers such as Skyworth, Hisense and Changhong, as well as several other potential second-tier manufacturers.