Backlight pick up, billion light Q2 is expected to slightly heating

LED packaging manufacturers billion light in the first quarter of this year by the traditional off-season and the impact of LED decline, single quarter revenue came to 6 billion 956 million yuan, lower than the previous quarter and the same period last year. The second quarter is expected to rebound in backlight demand and lighting support, the performance is expected to be slightly warmer.

Billion light for LED packaging manufacturers, is headquartered in the woods, the factory located in Taiwan, Suzhou, China court, and Guangzhou, and held by crystal electric and Taigu equity vertical integration of upstream LED grain supply. Estimated proportion of nearly 3 of this year's lighting, backlight proportion estimates 20%-25%, invisible light about 15%-20%, other consumer and mobile applications about 3 into.

LED is the imbalance between supply and demand and continued to decline in value, billion light shipments in 2015 is to maintain growth, but revenue slightly decline, gross margin slightly decline in earnings per share dropped to 4.27 yuan, the annual reduction of 16%, but since 2011, is still nearly 5 year high.

In the first quarter of this year due to the traditional off-season and LED sell-off, single quarter revenue is lower than the previous quarter and the same period last year, for the second quarter of 2014, nearly 8 quarter low. However, in the second quarter due to backlight demand back temperature, lighting growth, coupled with the increase in other application shipments, the expected revenue should be better than the first quarter. The second half of the year and accounted for street lighting case.

As chip manufacturers to promote CSP wafer level packaging products, as well as the future application of the OLED panel in the mobile phone screen may be gradually expanded, the phone backlight supply chain will cause an impact, the relevant effects need to be further observed.

Billion light 2015 revenue fell 28 billion 866 million yuan, an annual reduction of about $5.6%, gross profit margin of about $23.57%, an annual decrease of about 1 percentage points, operating profit of $1 billion 968 million, an annual decrease of 25%, after tax net profit of $1 billion 840 million, earnings per share of $4.27, an annual reduction of 16%.

In the first quarter of this year, revenues of about 6 billion 956 million yuan, a quarter minus 7%, minus by. Gross profit margin is lower than the previous quarter, quarterly earnings per share may be close to 0.7-0.8 yuan. Second quarter revenue has the opportunity to pick up to more than 7 billion yuan, the quarterly increase in the single digit range. The second half is expected to be better than the first half.

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