Three male aurora shareholders reduced their holdings and their performance declined in the first half of the year.

Sanxiong Aurora's performance declined in the first half of the year, and Zhang Xianqing's holding of the shares for the first time; the product random inspections were notified and unqualified, and the quality was worrying.

Recently, Guangdong Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as: Sanxiong Aurora, 300625.SZ) disclosed the financial data in the first half of the year, of which the total operating income of the three male aurora achieved 1.01 billion yuan, and the net profit of the mother was 65 million yuan in the same period, and the net profit of revenue was net profit. Double decline, and the gross profit margin of the main business declined.

At the same time, Sanxiong Aurora has been reduced by Zhang Xianqing a total of 8.333 million shares this year, accounting for 2.9878%of the company's current total share capital. This is the first time that Zhang Xianqing has reduced its holdings after increasing its holdings in 2018.

In addition, Sanxiong Aurora has been notified several times since 2012 due to unqualified quality of product spot checks. On July 31st, Sanxiong Aurora's 2021 quality spot checks in 2021-2022 China Household Home Top Ten Quality Quality Black List ".

In response to the above situation, it was found that the network sent an interview letter to the three male aurora to explain, but as of press time, the three male Aurora did not give a reasonable explanation.

In the first half of the year, the net profit of revenue declined

Public information shows that the three Xiong Aurora is mainly engaged in the research and development, production and sales of semiconductor lighting products and lighting control products, and provides services such as lighting scheme design, installation and commissioning. , Outdoor lighting, etc.

On August 25, the three -year -old Aurora released the "Semi -annual Report of 2022". The report showed that in the first half of 2022, the total operating income of Sanxiong Aurora achieved total operating income of 1.1 billion yuan, a year -on -year decrease of 1.32%. Fall 9.3%.

Among them, the total operating income of the first and second quarters of Sanxiong Aurora was 419 million yuan and 682 million yuan, with a year-on-year growth rate of 8.12%and -6.34%. The year-on-year growth rate was 156.52%and -33.13%, respectively. In fact, the performance decline in the first half of the year of Sanxiong Aurora was mainly caused by the double decline of net profit in the second quarter.

In this regard, Sanxiong Aurora explained that because the global economic recovery is under the influence of geopolitical conflicts and energy crisis, the growth rate of my country's lighting industry has slowed significantly; in China, the real estate industry is sluggish, and the sharp decline in the completion area of ​​houses has made the lighting demand also demand for lighting. The decline in will, coupled with the repeated domestic epidemic, from April to May, the Shanghai epidemic has also caused a great impact and impact on the business development and logistics transportation of the second largest regional market.

(Picture source: Wind)

In the first half of 2022, Sanxiong Aurora's e -commerce, overseas, and hardware business increased faster year -on -year, and the revenue of the industrial lighting, public space, hotel lighting and other project departments in the home lighting sector, commercial lighting sector increased, and the commercial lighting sector. The revenue of municipal transportation, intelligent emergency, electricians, real estate and other project departments declined year -on -year.

Specifically, the sales of lighting lamps, lighting control and other businesses of the three male aurora are 48.6438 million units, 8.5865 million units, respectively, a year -on -year decrease of 1.98%and 4.9%. The revenue speed was -4.92%and 17.59%; the corresponding gross margin was 29.92%and 28.34%, respectively, decreased by 0.13 percentage points and 2.68 percentage points, respectively.

(Picture source: 2022 interim report)

Zhang Xianqing reduced its holdings for the first time, and repeatedly appeared on the black list due to unqualified quality

In addition to the decline in performance in the first half of the year, the situation where the three male auroras were reduced by major shareholders also needed to pay attention.

On March 21, Sanxiong Aurora disclosed the "Pre -disclosure announcement on shareholders who held more than 5%of the shareholders", and the company's shareholders Zhang Xianqing, Lin Yan, and Chen Songhui planned to reduce their holdings. Before reducing their holdings, Zhang Xianqing, Lin Yan, and Chen Songhui held 510.029 million shares, 50.9658 million shares, and 24.54 million shares, respectively, accounting for 18.23%, 18.21%, and 8.77%.

As of July 14, shareholders Lin Yan and Chen Songhui have not reduced their holdings of the company. Zhang Xianqing has reduced its holdings of 8.333 million shares through the major trading and centralized bidding transactions, accounting for 2.9878%of the company's current total share capital. At present, Zhang Xianqing holds 42.6657 million shares of the company, accounting for 15.24%of the company's total share capital.

(Picture source: wind, company announcement)

It is worth mentioning that Zhang Xianqing's reduction was the first time that the stocks were publicly issued for the first time after the first public offering of the stock. In 2018, Zhang Yutao, Zhang Xianqing, Lin Yan, and Chen Songhui have increased their holdings of 1.9547 million shares, accounting for 0.7%of the company's total share capital, with a total increase of about 42.5456 million yuan.

Regarding the specific reasons for shareholders' reduction, Sanxiong Aurora did not mention in the announcement, but investors can examine listed companies from other aspects such as the company's industry status, development planning, product quality and other aspects.

It is worth noting that in December 2021, Sanxiong Aurora was nominated by the Shanghai Market Supervision Administration for twice due to the quality of lamps.

For the first time, a LED downlight with "Three Heroes PAK" was detected that the "climbing distance and electrical gap" project was unqualified.

According to the previous spot checks, only 10 months have passed in the past 10 months. A "fixed LED guide rail shooting light" of the three male aurora specifications "PAK413150 25W (1 × 25W/LED MODULE)" was detected by the "mark, structure, climbing distance and climbing distance and climbing distance. The five items: electrical gap, anti -electrical protection, insulation resistance and electrical intensity "are not qualified. The 6th China Home Furnishing Brand Conference was held in Beijing on July 31st. It publicly released the "2021-2022 Chinese Home Top Ten Quality Black List".

However, this situation is not accidental. In 2017, the official website of the Hunan Provincial Administration for Industry and Commerce reported that the specification model of Sanxiong Aurora (Yaoxing Series) was "PAK542609", and the production date was general lighting on January 15, 2016. "Light power and color tolerance" projects are not qualified.

In 2016, the Shanghai Municipal Quality and Technical Supervision Bureau found out that the Sanxiong Aurora Starway series LED ceiling lights and LED lamps (kitchen bathroom lights) were unqualified, and unqualified projects were "mark, limit" and "limit".

In 2015, the Guangzhou Municipal Consumer Council was released, and an electronic energy-saving lamp of Sanxiong Aurora was detected to be detected that the energy efficiency logo did not meet the standard; the State Administration for Industry and Commerce was released. The energy -saving lamp of 12B "is unqualified as the logo project.

From 2012 to 2014, Sanxiong Aurora was informed for "external and internal wiring, energy efficiency limit value, energy saving value, light power and other issues.

(Picture source: website of the State Administration of Market Supervision and Administration)

In this regard, industry insiders said that the decline in performance and the reduction of major shareholders will lead to unstable stock prices of listed companies. In addition, the company's product quality may have a more far -reaching impact on its image and competitiveness.

(Reporter Luo Xuefeng, financial researcher Gao Ran)

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