Tang Shi's earnings rose to 12.8% in the first half of the year as revenue climbed. Compared with the first quarter, Tang Shi turned a loss into a profit and set a new record since the eighth quarter. However, the net loss per share after tax in the second quarter was 1.6 yuan due to investment in the Grand Canyon-KY evaluation loss, resulting in a cumulative first-half revenue of 506 million yuan, 10.9% a year. In the first half of the year, tax per share was 4.09 yuan.
Tang Shiquan, chairman of the board of directors, was optimistic about the performance in the second half of the year when he was invited by a brokerage firm to attend a French conference. There is room for growth outside.
Tang Shi still holds 4,200 shares in the Grand Canyon-KY, about 1,700 long-term investments, with a holding ratio of 4.59%. At the end of last year, the Grand Canyon-KY was valued at an average of 36 yuan. As long as the annual average price stayed above 36 yuan, the company's out-of-business bets were positive.
The Grand Canyon-KY gross margin for the second quarter was 33.54%, up 2.64 percentage points from the same period last year. In the first half of the year, net profit after tax amounted to 124 million yuan and net profit after tax per share was 3.36 yuan.
LED industry is still in the doldrums, traditional chip factories and packaging factories are still in the transition stage, and have been transferred to the fields of Mini LED backlight, display screens, sensor components and so on. For LED lamps and lanterns factories, LED is only one of the components purchased, belonging to a part of the cost structure. With the continuing depression of LED prices, the purchase costs of lamps and lanterns factories are further lower. Gliding is conducive to medium and long-term operation of related lamps and lanterns factory.
The EPS of other LED factories generally fell between 0.02 and 0.7 yuan in the first half of the year. Chip leader Crystal Power earned an interest rate of about 1% in the second quarter and a net profit of only 0.48 yuan per share in the first half of the year. The gross profit rate of the second quarter of the LED packaging leader Yiguang rose to 24.75%, and the net profit per share in the first half of the year was 0.79 yuan.