Cree's Q2 2019 revenue was $413 million, up 12 percent from the previous quarter

LED lighting giant CREE has disclosed its results for the second quarter of fiscal 2019, which ends dec 30, 2018. Revenue in the second quarter of fiscal 2019 was $413 million, up 12 percent from $368 million a year earlier.
GAAP calculates a net loss of $2 million (or 02 cents per diluted share) for the second quarter of fiscal 2019, compared with net income of $14 million (or 14 cents per diluted share) for the second quarter of fiscal 2018. Non-gaap net income for the second quarter of fiscal 2019 was $23m (or 23 cents per diluted share), compared with a net loss of $1m (or 01 cents per diluted share) for the second quarter of fiscal 2018.
Cree's chief executive, Mr Gregg Lowe said, "we achieved excellent performance in the second quarter, the GAAP earnings per share than our highest target range, it has benefited from Wolfspeed another record quarter, and in all the three business gross margin improvement", "given the current challenges associated with tariffs and global trade tensions, the financial performance is satisfactory. "" while we can't exempt our service markets from turmoil, our business has shown resilience and we believe this shows that our strategy is on track." "

"" compensation" "of 62.62 million yuan from SAN 'an optoelectronics co., LTD

SAN 'an optoelectronics issued a notice on the wholly-owned subsidiary received government subsidies. According to the announcement, fujian jing 'an optoelectronics co., LTD. (hereinafter referred to as "jing 'an optoelectronics"), a wholly-owned subsidiary of SAN 'an optoelectronics co., LTD., has received the notice on the issuance of the central infrastructure investment budget (allocation) for the 2018 technical transformation special (discount interest) issued by anxi county finance bureau. According to fujian province development and reform commission, the ministry of industry and information technology in fujian province hall on the turn issued special technical transformation in 2018 the central budget for investment (earnings) plan notice (MinFa change investment [2018] no. 794) and quanzhou city bureau of finance issued "about 2018 technological upgrading special (interest) the central infrastructure investment budget (funding) notice (spring wealth index [2019] no. 25) file spirit, in 2018 the central infrastructure investment budget index 62.62 million yuan from anxi economic and information bureau. It is reported, this fund is used at fujian jing 'an LED sapphire substrate industrialization project of technical transformation special (discount). On January 29, 2019, jing 'an photoelectric has received the payment in full. SAN 'an said that according to relevant regulations, the special discount of 62.62 million yuan received by jing 'an for technical transformation was recognized as current earnings when received, which will have a positive impact on the company's performance in the first quarter of 2019.

Sanxiong aurora's first share buyback has cost 3,445,700 yuan

Mitsuo aurora announced progress in share buybacks, according to the announcement, mitsuo aurora previously announced, repurchase of shares in a company plans to use its own funds or self-raised funds in the collective trading through bidding or other laws and regulations permit the way repurchase shares part of the social public, the repo amount not less than 50 million yuan (contain 50 million yuan), and not more than RMB 100 million (including 100 million yuan), the price of a share buyback of no more than 18 yuan/shares (including 18 yuan/shares). As of January 31, 2019, the company has for the first time bought back the company's shares through the special securities account for share repurchase through collective bidding. The number of shares repurchased is 250,000, accounting for 0.0893% of the company's total share capital. The highest transaction price is 13.88 yuan per share, and the lowest transaction price is 13.60 yuan per share.

China star power released its 2018 earnings report

According to the report, the company's revenue in 2018 was 3,626,799,937.52 yuan, an increase of 4.44% compared with 3,472,602,396.63 yuan in 2017. The company's net profit was 446,427,354.64 yuan, an increase of 24.31% compared with 359,133,943.32 yuan in 2017In the economic environment is complicated, sino-us trade friction macroeconomic growth Real estate policy such as structural reform financial deleveraging of the sustained supply side stack effect, deeply influenced the LED industry development speed and competitive landscape, company to overcome various unfavorable factors, constantly optimize the product structure of the customer structure, strengthening management reform, promote the further expansion of business scale, the proportion of high value-added business and products continue to improve, the company's overall operating results continue to present a good growth in 2018 entered the stage of slow growth in the economy LED both at home and abroadIndustry competition obviously under the condition of the oligarchs and strengthen inherent in the packaging area advantage, accurately grasp market trends, initiative, give full play to the high-end flagship product competitive advantage, focus on the development and penetration of subdivided market, to strengthen the advantage of the existing market position, to the emerging field and to expand the market At the same time, the company in technology research and development quality control further results were obtained in the cost control and management innovation, the company operation and financial trend in good health, money and credit, downward legs in the market have a better ability to resist risk and competitive advantage