Baihong offensive niche products, operating temperature

LED market competition is intense, bright LED locking IR infrared niche products transformation, low margin products in the future will gradually reduce the proportion of shipments, the operation is expected to bottom out. Market expectations, in transition under the effect of trading this year than last year, is expected to baihong.

The LED market has long been fierce competition, various manufacturers actively look for the direction of the transformation, to boost operating performance; competitive price Baihong decided to fade out of MOVCD blue epitaxial market, locking the IR infrared niche products transformation, this year into the aircraft cabin lighting inside the supply chain, the aviation industry shipments stabilized, and the threshold time and into the industry relative to other industries, the market is expected this year will be better than last year, Baihong operating performance.

Baihong second quarter revenue of 524 million yuan (NT, the same below), the quarter increased 14.7%, an annual reduction of about 12%. As a result of the gradual transformation of the benefits, since the third quarter of last year, the gross profit margin in the single quarter remained at around 20%, IR product revenue ratio of 40%, lighting proportion of about 20%, the other for visible light products. Because the operation is expected to bottom out, corporate market estimate, Baihong per share for the second quarter profit of about 0.2 yuan to 0.3 yuan; in the past, observe the Baihong operation situation, the second half of the revenue proportion has 45 more than 55, the estimation of the second half of the revenue of about 1 billion 100 million to 1 billion 200 million yuan.

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