Billion light Q2 blue chip, optimistic about the future growth of car LED

Because of the LED backlight and lighting needs to warm, light chugu billion, the second quarter performance is not only better than the first quarter, also better than expected in the same period last year, as the attack vehicle LED lighting, the new factory will start the causeway billion light installed and put into production at the end of the second quarter, and the certification, this year is expected to be completed end of next year with certification. Revenue; stock price declines have been in the deep, billion light today intraday price trend higher.

Billion light March consolidated revenues of 2 billion 443 million yuan (NT, the same below), compared with the same month last year fell by a total of $1 to March consolidated revenue of $6 billion 956 million, compared with the same period last year fell by 4%.

With LED backlight and lighting demand back to the temperature, billion light forecast, the second quarter results are not only better than the first quarter, is expected to be better than last year.

Nearly two billion light rushing into the car LED market, in addition to Europe and the United States has become the factory supplier, also recently by mainland China and Korean car factory certification, and began shipping, the automobile products accounted for the proportion of revenues billion light single digits, with new customer shipments gradually peatlands, billion light estimates, next year for vehicle product revenue will be jumped significantly, pushing up the performance of new energy.

Due to the needs of customers, products used in the production of car billion light planning new factory is expected to Causeway Causeway, the fastest second new plant at the end of the season will start installed capacity, and the certification, but because the car factory need six months at least, billion light estimates, the fastest at the end of this year to complete the certification, officially entered the next year mass production, revenue contribution.

Billion light 2015 consolidated revenues of 28 billion 865 million yuan, gross profit was 6 billion 802 million yuan, with a gross margin of 23.56%, pre tax earnings for 2 billion 238 million yuan, after tax earnings for 1 billion 833 million yuan, the annual reduction of 22.52%, earnings per share of 4.27 yuan; the board of directors of the company allotted 3 yuan cash dividend per share of the resolution, to April 27th closing price estimate, colonization rate 6.67%.

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