Adjust the allocation of capacity, crystal electric Q2 gross profit margin, profit and loss improvement

LED chip manufacturers in the first quarter of this year because of this crystal electric industry also continued losses, losses, resulting in a single quarter loss per share of 1.54 yuan (NT, the same below). Expected in the second quarter in the active integration of resources, strengthen the production of $four LED, and adjust the Blu ray LED combination, the single quarter gross margin has the opportunity to turn positive, the overall profit and loss performance may improve. The current share capital of 10 billion 998 million yuan, net worth of about $48 per share.

The crystal is LED / LED, and it is used in panel backlight, lighting, Kanban, automotive lighting and other niche markets. The factory is located in Hsinchu, Miaoli, Tainan, and Mainland China, Changzhou, Xiamen and other regions. At present, the proportion of TV backlight is about 2, the lighting is about 3-4, the proportion of consumer electronics is about 2, the display is about 10%-15%, pen / monitor backlight about 1 into.

Among them, four yuan / LED red light and infrared products as the major expansion project of this year, the proportion of revenues of about 25%, about 1 for automotive lighting (including lighting and taillight car), target this year to enhance the proportion to 13%-15%. Infrared products will accelerate the cut into industrial testing equipment, and with commercial smart lighting system into innovative applications.

Although the first quarter of 2016 continued losses, however, after the company actively integrate production resources, including Stagnation with production, the production efficiency of machine production, adjustment of four yuan to strengthen LED blue LED orders combination and so on, the legal assessment of the second quarter gross margin, profit and loss chance righting condition may also improve. But subsequent performance is also observed.

EPISTAR 2016 first quarter revenue of about 6 billion 58 million yuan, quarter by approximately 2.4%, an annual reduction of about 8.85%, gross loss rate of 7.34%, compared with the previous quarter, but the three consecutive quarter gross margin was negative. Operating loss of 1 billion 438 million yuan, the loss of the 4 consecutive quarter, after tax loss of $1 billion 640 million, a loss of $1.54 per share.

In April this year, revenue increased to 2 billion 292 million yuan, an increase of $2.65%, an annual decrease of 11.27%, the cumulative total revenue of about $8 billion 349 million in the first 4 months, an annual decrease of 9.52%. Estimated second quarter revenue may be better than last season.

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