On October 23, Guoxing Optoelectronics (stock code: 002449) announced its third-quarter 2017 performance report. The report highlighted that the company delivered strong results in the first three quarters of the year, with operating revenue reaching 2.582 billion yuan, reflecting a significant 54.10% increase compared to the same period last year. This growth underscores the company's solid market position and strategic execution.
In the first nine months of 2017, under the leadership of the board and management, Guoxing Optoelectronics implemented its strategic vision of “high-tech, market-oriented, and large-scale production,†aligning with the “Climb New Summit†initiative. The company focused on enhancing technological innovation, expanding market presence, and improving internal efficiency to fulfill its stage goals and reinforce its leading position in the industry.
**1. Strengthen Innovation and Drive Development**
During this period, Guoxing actively invested in cutting-edge technologies, launching new products such as infrared, ultraviolet, color-adjustable temperature COB, and automotive lighting solutions. These innovations expanded the application of LEDs into new sectors, creating fresh growth opportunities. The company added 11 provincial-level research projects and submitted 24 new patent applications. It also received the title of “Top 100 Guangdong High-tech Enterprises by Comprehensive Innovation Strength†from the Provincial Science and Technology Department.
**2. Leverage Market Leadership to Accelerate Internationalization**
Guoxing concentrated on high-end product development to lead the market, promoting key products like small-pitch displays, RS series units, RooStar white light devices, and panel lights. The company showcased its strengths in talent, technology, brand, and capital, further boosting its international profile. By the first half of 2017, it had successfully entered the global LED packaging top 10 list (IHS Markit).
**3. Expand Production Capacity to Boost Scale**
As the company’s market share grew, it continued to expand its production capabilities. In 2016, a 1.05 billion yuan packaging expansion project was launched and brought into mass production. In the first half of 2017, an additional 200 million yuan was invested in another packaging expansion, reinforcing its dominant market position. Additionally, the company expanded its upstream epitaxial chip projects to better support its packaging business.
**4. Implement Key Projects to Enhance Management Efficiency**
The company focused on "tightening the foundation, improving mechanisms, strengthening management, paying attention to details, and increasing quality and efficiency." It carried out cost-reduction initiatives and improved overall production processes. Resource coordination, rational capacity planning, and enhanced productivity were prioritized to ensure efficient and high-quality operations.
**5. Strengthen Party Building for Sustainable Growth**
Throughout the first three quarters, the company emphasized integrating party building with daily operations, reinforcing ideological leadership and strengthening the party foundation. Through diverse and inclusive party activities, the company deepened its connection with employees, driving business vitality and enhancing its overall strength.
"The achievements belong to the past, and the future has a long way to go." Facing new challenges and opportunities, Guoxing Optoelectronics remains committed to its original mission, guided by the spirit of the Party, focusing on “high-tech, market-oriented, and large-scale production.†The company is determined to carry out all tasks with dedication, striving to reach new heights and contribute to the great rejuvenation of the Chinese nation.
**Subtraction Magnolia · Guangyu Guoxing**
Miki
Lingnan Guangzhao, the party Jianshuai business, strides forward, aiming for a thousand miles; subordinate national stars, climbing new peaks, small progress, vigorous and full of energy. Taking this as a discipline, Ding Yuqiu.
"Chengchengchengcheng" dreams are grand, its national star, Chongmao was originally a soldier.
Nantian Zhu Feng, the fire of the fire is more prosperous. The party building first, the revolutionary production talks and laughs.
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