Billion light August revenue performance is good, optimistic about Q3 and the second half of operation

Taiwan's LED packaging plant announced that its revenue reached 2 billion 214 million yuan (NTD, the same below) in August. It has written a record high for a single month this year, although it still slightly declined compared with the same period last year. However, the revenue level of billion light, crystal electricity and Longda in August is between this year's high and the new high this year, showing that the LED industry still has the traditional peak season effect. The three quarter operation is expected to be better than the second quarter.

According to the statistics of billion light, the company's revenue in August increased by 9.26% to 2 billion 214 million yuan, which is the highest level of single month revenue this year, after 2 billion 391 million yuan in January this year. The cumulative revenue in August this year amounted to 16 billion 420 million yuan, or 10.1% in August.

Although the annual revenue in August is reduced by 5.83%, the annual reduction has been reduced. The remaining LED plants include crystal electricity and Longda's revenue in August. They also show growth figures, indicating that the LED plant has a relatively consistent revenue trend in August.

Billion light has been hit by foreign securities dealers recently, resulting in the stock price being faced with 30 yuan integer guard battle. The company emphasizes that there are related layout in vehicle and Mini LED. Operation in the second half of this year is expected to be better than the first half.

Billion light said that in recent years, although the LED industry continued to oversupply, but billion light actively adjust the direction of operation, the future will focus on automotive applications, infrared and Mini LED (sub millimeter light emitting diodes) and other high margin products, the proportion of high gross profit products such as the invisible light and vehicle has been increasing year by year.

In addition, billion light vehicle products in 2018 have received orders from the international auto factory, will lock the headlights, taillights and car lights and other related markets, the second half of the automotive products shipments will continue to maintain growth trend. In the area of Mini LED, a series of backlight products have been launched and are expected to start shipping in the fourth quarter, mainly for high-order applications such as vehicle display and handheld devices.

In terms of capital expenditure, billion light said that this year plans to actively expand the capacity of the invisible light and vehicle products, and the product will develop well after that.

In the first half of the year, the traditional off-season and fierce market competition, the first half of yiguai revenue amounted to 12 billion 200 million yuan, the average gross profit margin reached 23.2%, after tax was 346 million yuan, the net profit per share after tax was 0.79 yuan.

Source: Business Times

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