Weizhi Holdings (01305.HK) released its interim results. In the first half of 2016, the company's revenue was approximately HK$433 million, a decrease of 26.5% from the same period of the previous year; gross profit was approximately HK$76.78 million, a decrease of 49.5% from the same period of the previous year; gross profit margin It was 17.7%, a decrease of 8.2 percentage points from 25.9% in the same period of last year; the loss during the period was HK$801,000 (corresponding period of 2015: profit of HK$36.13 million).
The company's revenue comes from selling LED backlight products and LED lighting products to customers.
During the reporting period, sales of LED backlight products were approximately HK$403.6 million, a decrease of 27.4% from approximately HK$556 million in the same period in 2015. The decline in sales of LED backlight products was mainly due to the continued slowdown in the growth of the mid- to high-end smartphone and TV market.
The turnover of LED lighting products was approximately HK$28.993 million, a decrease of 10.9% from approximately HK$32.536 million for the same period in 2015. The decrease in sales of LED lighting products was mainly due to the decrease in engineering projects sold to commercial-related LED lighting.
According to the report, the company is actively investing in adjusting its product mix to increase its high-margin sales, such as automotive and TV LED backlight products. In addition, reasonable resources will be invested to cater to the rapidly changing LED backlight and LED lighting products market.
S-type sensor adopts Cantilever shear structure, which has the characteristics of high measurement precision, good dustproof, easy installation, convenient use and so on.
Suitable for small range measuring force and control system. Matched with special transmitter, it can output various standard signals and directly supply PLC or computer.
S Type Load Cell,S Beam Load Cell,Aluminum S Type Load Cell,Alloy Steel S Type Load Cell
Ningbo Santwell Imp & Exp Co.,Ltd , https://www.santwell.com