Adjust product mix, aldron May camp recover temperature

The LED packaging factory, Alisen, faded off its low profit PLCC last year and actively adjusted its product mix, expanded modular products and headlights, and improved its operation. In May this year, revenue stood at 252 million yuan (NT $, the same below), a monthly increase of 23%, an annual increase of 30.7%, hitting a new wave band in the past 14 months. Accumulated revenue in the first 5 months also increased by 1.56% year on year. The estimated second quarter revenue may be slightly higher than the first quarter, the industry has the opportunity to continue to earn. After the whole year, the tax is transferred to surplus after tax.

Aldson said that last year, because of product business transformation, coupled with backlight applications and low gross margin products shipments decreased, resulting in continuous decline in revenue, but through product mix changes and cost control, depreciation reduction, gross margin stable. This year, the company will continue to shift from the operation mode of original component supply to the integrated sales mode of modules and finished products, and expand the business lighting and vehicle lighting business of high level, including daytime lights, taillights, car lights and so on.

In addition to automotive lighting, new products and shipments are being developed through the joint venture with Yangzhou Korea, which is a joint venture with Korea merchants. The high power LED packaging components will also increase the number of hits and driver on board services, and add sensing and other functions to enhance the added value of products.

At present, the proportion of LED packaging products is about 4, the module proportion is about 5, and there are other optical transmission components, DataLink and other products. In the past, LED packaging components included high power LED and PLCC (Plastic Leaded Chip Carrier) Leaded Plastic packaging, which accounted for more than 5 of the company's revenue. However, due to the low profit of PLCC, the company had faded out of PLCC business in the fourth quarter of 2017.

Thanks to the rapid growth of industrial competition and the rapid change of market, altson has been carrying heavy load in recent years. In 2017, its revenue dropped to 2 billion 586 million yuan, a new low of nearly 5 years. Not only did it lose money in its industry, it also faded out of PLCC business, clearing subsidiary company (ryum mins), and presented assets / equipment losses, plus exchange losses, after tax loss per share, 1.. 55 yuan, 5 consecutive years of losses.

With the adjustment of product mix, the gross profit margin rose to 15.6% in the first quarter of this year, a new high in the last 6 quarters, and a profit of 13 million yuan in the single quarter. However, due to the recognition of foreign exchange losses, the net profit after tax was 1 million yuan and the earnings per share were 0.01 yuan, although it was the best performance in the near 6 quarter, but the profit was not much, and the follow-up performance remained to be observed. If there is no accident, this year, we will strive to make profits after tax.

Source: Money DJ

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