GLII: LED downstream application business gross margin is around 30%

Compare the gross profit margins of some listed companies' upstream, middle and downstream businesses. The details are as follows:

Table 1: Comparison of gross profit margins of upstream business of some listed companies


Table 2: Comparison of gross profit margins of mid-stream business of some listed companies

Table 3: Comparison of gross profit margins of downstream businesses of some listed companies


The data of the above three tables shows: 1. In the first half of 2013, the average gross profit margin of the upstream business of listed companies in Table 1 was around 22%, but the difference between the companies was large. The largest gross profit margin was dry photoelectricity (40%), and the smallest was China. Can photoelectric (-5.58%). Compared with the same period in 2012, the gross profit margin of Huacan Optoelectronics upstream business in the first half of 2013 decreased by nearly 40%;

2. In the first half of 2013, the average gross profit margin of the mid-stream business of listed companies in Table 2 was around 24%, which was nearly 2 percentage points lower than that in the same period of 2012;

3. In the first half of 2013, the average gross profit margin of listed companies in Table 3 was 30.60%, which was higher than the average gross profit margin of upstream and midstream businesses.


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