Qinshang Optoelectronics released its annual report on the evening of the 21st. The annual operating income was 849 million, down 6.2% year-on-year. The net profit attributable to shareholders of listed companies was 20.74 million yuan, up 68.82% year-on-year.
In 2015, under the development of the semiconductor lighting industry, Qinshang Optoelectronics was the leading provider of integrated semiconductor lighting solutions in China. The company adhered to technological innovation, explored and led the industry business model, maintained and enhanced the company's brand image, and focused on customer needs and industry. The partners open up and cooperate to focus on building a “LED energy-saving world†for the future and achieve business breakthroughs.
Based on the tradition, the company has made breakthroughs in LED innovation application research and development. The company launched the world's first batch of smart lighting products "Tianyan K1", which is based on the company's main semiconductor lighting to the new "smart home" field of exploration and industry extension, is semiconductor lighting + Internet + private cloud + things Highly integrated networking. It can realize intelligent security and accompanying functions such as scribing alarm, voice behavior recognition, and interconnection between home and remote terminal systems. In addition, in the frontier industry field - the field of visible light communication continues to maintain the leading edge of research and development in China, and successfully break through another important technical difficulty - signal transmission on COB light source. This means that the company's leading position in the field of visible light communication research and development has been further consolidated. At the same time, the application fields and industrial conversion of visible light communication have been greatly expanded, which has effectively reduced the packet loss rate of communication data, and the communication rate and communication distance have been further improved. .
In the past year, Qinshang Optoelectronics actively explored strategic transformation and business innovation. After thorough research and careful selection, it intends to purchase 100% equity of Guangzhou Longwen Education Technology Co., Ltd. through the issuance of shares and payment of cash, as a strategic development of the company. The opening of the upgrade to the education industry has yet to be reviewed by the CSRC. After the completion of the transaction, the company will realize the dual main business layout of semiconductor lighting products and K12 counseling services.
It is reported that Guangzhou Longwen is one of the leading companies in the field of K12 personalized one-to-one counseling institutions, based in Beijing, Shanghai, Guangzhou and other first-tier cities, and its influence radiates across the country. With careful and meticulous teaching attitude, scientific teaching methods and excellent teaching achievements, Guangzhou Longwen has won the recognition of the parents of the students, and has formed a good reputation between the students. In the current domestic one-to-one education counseling market, Guangzhou Longwen has maintained a good reputation for a long time, and established its own brand reputation in this fully competitive industry.
As an important commanding height of strategic transformation, Qinshang Optoelectronics has looked forward to the current situation and future of K12 education. The company believes that under the natural pattern of uneven distribution of educational resources in China, the selection of examinations and the choice of schools and placements with the college entrance examination as the main type have basically belonged to the “just-needed†of many K12 children in a considerable period of time. At the same time, the 2008 Olympic baby boom and the implementation of the comprehensive second-child policy will make K12 education a good demographic dividend period. At present, China's population in the K12 education stage is as high as 180 million, and it is expected to reach 212 million in 2020. According to iResearch data, nearly 50% of households spend more than 6,000 yuan per year on education. Considering regional differences, the market size of this market will be in the trillions. In addition, due to the relatively high cost of trial and error, educational products are non-price sensitive, so the steady increase in demand and price makes K12 education an excellent industry with anti-cycle, and the market attention continues to increase.
Secondly, the K12 education market is very fragmented and the concentration is low. At present, the market share of the top five of the extracurricular tutoring institutions does not exceed 5%. At present, the K12 extracurricular tutoring institutions in the country include New Oriental, Good Future, Xueda, Longwen, etc. The rest of the institutions are mostly regional. It is expected that the industry will usher in large-scale integration in the next ten years, with brand advantages and operational capabilities. The education company is expected to use capital to quickly increase market share and industry integration capabilities.
Finally, the level of social living derived from teaching students in accordance with their aptitude has increased the demand for differentiated one-to-one educational products. Longwen is the leading K12 one-to-one sexual tutoring brand in the country. After years of accumulation, it has excellent experience and advantages in terms of teachers, curriculum research and development system, personnel training system, marketing and operation system. According to the statistics of Sohu Education, from 2009 to 2014, the market share of one-to-one personalized tutoring in the extra-curricular tutoring industry increased from about 28% to 31%, and will continue to maintain steady growth.
It should be noted that in 2016, with the “Private Education Promotion Law†and other policies top-level design is about to break the ice and the management and development of private education industry classification becomes a consensus on the development of the education industry, all kinds of social capital will have a strong investment in the education industry. There will also be more and more related assets to further accelerate the process of education industrialization through the capital market. At the same time, quality education assets will gain more resources by landing in the capital market, winning the “time window†value of its leap-forward development and follow-up Further mergers and acquisitions have laid a strong foundation for capital integration. To this end, in order to meet the needs of strategic transformation and industrial upgrading, Qinshang Optoelectronics will increase the new LED business gradually implemented from the reporting period to the company's wholly-owned subsidiary's business structure layout progress, and promote the company's gradual platform. Developmental transformation goals. At the same time, the company will strive to complete the acquisition of Guangzhou Longwen in the future, and better integrate the advantages of Longwen's existing business to fully optimize Longman's profitability and sustainable development capabilities under the company's strategic management. The strength of large companies' high-quality resources to the education industry. On the basis of the acquisition of the scientific implementation of the Guangzhou Longwen supporting fundraising project, we will strive to accelerate the online and offline education industry layout through endogenous epitaxial two-wheel drive and other multi-paths, and strive to explore a more comprehensive layout and industry integration of the education industry chain.
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