February 26, Black Cattle Food released 2017 annual performance bulletin. Announcement, 2017 Black Cattle food business revenue of 31,727,500 yuan, down 80.07%; operating profit of 560.810 million yuan, an increase of 119.61%; attributable to the market The net profit of the company's shareholders was 160.37 million yuan, down 38.75% from the same period of last year.
Straight Flush Financial data show that the beverage manufacturing industry average revenue growth of 17.70%, the average net profit growth of 33.43%.
According to Black Cat Food, total operating revenue in 2017 decreased by 80.07% as compared to the same period of last year, which was mainly due to the spin-off of the original food and beverage business in 2016; the revenue contribution from the subsidiary Yugu Gu'an and Bazhou Yungu in 2017 Limited.These two factors together lead to operating income and the same period last year, the data changes.
Although the operating income greatly reduced, its operating profit increased by 119.61% compared with the same period of last year. According to Black Cat Food, the Company and its subsidiaries received government grants separately in 2017. Among them, the government grants received by the Company are included into profit and loss for the current period, Of the government subsidies to make up for the current costs incurred.The above reasons cause the operating profit of the company compared with the same period last year, the data changed significantly.
China's home appliance network learned that the old soy tycoon Black Bull Food, listed seven years has gone through four business transformation, the first three transformations and even the cocktail business, but the performance has been difficult to improve .In the 'happy system' into the Black Bull food After the fourth business transformation began to 'go food', targeting the optoelectronic panel business.
July 22, 2016, Black Bull Food announced that it intends to hold 100% stake in Black Cattle Industry, 100% stake in Jieyang Black Cattle, 100% stake in Anhui Black Cattle, Guangzhou Black Cattle 100% stake in Black Cattle Marketing 100 % Stake in the sale of foreign .In January 2017, the completion of the transaction, all the food and beverage assets of Black Cattle food placement.
On September 14, 2016, Black Bull Food announced the plan of non-public issuance of stocks, intending to raise funds to not more than 18 billion no less than 10 billion investors in the OLED industry from Kunshan Guochu, Tibet Zhihe and other not more than 10 investors.
However, in May 2017, the 4th Board of Directors of Black Cattle Food Co., Ltd. adjusted the amount of raised funds in the non-public offering plan, and the total proceeds raised from 18.0 billion yuan to 15 billion yuan.
On August 15, 2017, the application for the aforesaid non-public issuance of shares of Black Cattle Food was approved by the CSRC and was formally approved by the CSRC on November 6. After the plan for this fixed-increase project has been approved, it will have a Guoxinguo, a leading company in China, and its subsidiary Vistone, became an indirectly controlled subsidiary of Black Bull Food.
Due to the divestment of the food and beverage business, the OLED project continued to 'burn out' and was under construction. There was no stable profit in the short term. For the first three quarters of 2017, the operating revenue of Black Cattle Food was 20,436,300 yuan, down 86.03% from the same period of last year; and the net profit was -60,934,700 Yuan, down 227.4019% .In the season, Black Bull food was more than the main body holdings.
However, the 2017 Research Report on OLED Industry in Mainland China released by Sigmaintell, an industry research institute, showed that the shipment area of AMOLED panels using smartphones by panel makers in China in 2017 was approximately 78,000 square meters, representing a substantial increase year-on-year Among them, the shipment of WISCINO, a subsidiary of Black Cattle Food, topped the market with an area of over 30,000 square meters shipped with a market share of 38.9%.
Qunzhi Consulting said that with the continuous improvement of the quality of its products, the quality of AMOLED has been greatly improved. With the successful acquisition of orders for new projects such as Nubia, ZTE and Xiaomi, the market performance has been steadily improving and it is expected that it will maintain its position in 2018 Strong momentum of development.
January 15 this year, Black Cattle 6th generation fully flexible AMOLED production line equipment to start moving into, including TOKKI steaming machine and other AMOLED production equipment have been completed the configuration of key equipment, production line countdown into the start, the project is expected to be completed and put into operation in mid-2018 .
It is reported that the production line is the first fully flexible AMOLED production line in China with a design capacity of 30,000 pieces per month to meet the needs of 90 million smart phone screens.The production line not only can produce the current AMOLED curved screen but also has a full screen and can produce AMOLED Fold-up display, full-curly display, is a fully flexible AMOLED line compatible with surface flexibility, curl flexibility and fold flexibility.