Solar power plant EPC dry as photoelectric in 2019 net profit decline in 247. 10% shares doubled suspected by refinancing the hype?

Results letters show that in 2019 the annual operating revenue achieved 103851. 360000 yuan, solar energy, year-on-year growth of 0. 87%; Implement the business profits 31249. 070000 yuan, year-on-year decline in 248. 79%; The total profits - 32008. 230000 yuan, year-on-year decline in 253. 45%; Net profit attributable to shareholders of listed companies - 26476. 790000 yuan, year-on-year decline in 247. 10%.

stem as photoelectric said, solar portal, in 209, the company operating profit, total profit and net profit attributable to shareholders of listed companies fell, there are mainly four aspects:

in 2019, influenced by the industry environment, the LED chip to market prices fall in the products of the company gross margin has decreased, compared to the same integrated gross margin fell about 20. 34%.

in 2019, influenced by nanchang blue and green chips project put into production early, capacity gradually release stage, solar panels, the high cost in gross margin decline, year-on-year increase of management cost, financial cost.

LED chip and epitaxial wafer is dry as photoelectric products, account for more than 98% of total revenue, LED related products and other business revenue accounts for the relatively small, therefore, dry as photoelectric LED chip, upstream and downstream industry fluctuation influence is extremely obvious.

by a trade war with China, the sustaining wearying of the global economic environment and the influence of the price of raw materials and artificial cost rise, coupled with the LED lighting industry in the increasingly fierce competition, in 2019 the LED industry overall performance is relatively low, under the economic downturn environment, dry as photoelectric LED chip market prices decline, solar power grid, solar power net, gross margin decline, decline in net profit is inevitable.