Billion light Q2 is expected to slightly back to temperature, is expected to expand the LED packaging capacity this year

Taiwan LED package Dachang billion light the first quarter of 2017, by the off-season vacation, China mobile phone market correction and foreign exchange losses, profit by 3 years. The second quarter is expected to be flat in mobile applications, stable demand for small space display, single quarter revenue is expected to rise slightly over the previous season, excluding exchange factors, profit opportunities better than last quarter.

In recent years the company continued to adjust product mix, including car lights / direction lights / daytime running lights and other vehicles with small spacing, the proportion of products display products, mobile phone flash, iris recognition and not visible and other products gradually pulled, led the 2016 gross margin rebound. LED packaging capacity is expected to be expanded this year, mainly for upgrading the display capacity of small space screens, automotive and invisible light products.

Billion light 2016 revenue of about 29 billion 347 million yuan (NT, the same below), the annual increase of 1.7%, gross margin of 24.5%, the annual increase of 1 percentage points, operating profit of 2 billion 136 million yuan, the annual increase of approximately 8.5%, net profit after tax of 1 billion 840 million yuan, earnings per share 4.13 yuan, stable performance. The board of directors has resolved a cash dividend of 3 yuan per share.

Effect of the first quarter of this year, the Lunar New Year and by industry off-season, mobile phone market correction factors, revenue dropped to 6 billion 718 million yuan, an annual reduction of 3% quarter by 12%, gross margin of 24.09%, an annual reduction of about 1 percentage points, but the cost is improved, the industry profit growth, operating profit of 575 million yuan, the annual increase of 15.9%, but due to industry recognized exchange losses caused by the first quarter net income to 313 million yuan, earnings per share 0.71 yuan, the annual reduction of 30%.

In April of this year, revenue of 2 billion 252 million yuan, a decrease of 11.22%, an annual decrease of 6.64%, the cumulative first 4 months of revenue of about 8 billion 967 million yuan, an annual decrease of 4.28%. Estimated 5 and June revenue may be between 22-25 yuan, the overall second quarter revenue estimates of nearly 7 billion yuan, up and down, an increase of 5%, or roughly the same period last year or slightly increase or decrease.

Billion light for LED packaging manufacturers, is headquartered in Taiwan Chinese wood factory located in Taiwan, China Yuan Li and Gong, as well as the mainland Suzhou, Guangzhou and other places, the other holds Taigu and crystal electric equity of about 9.6%, 1.8% respectively. At present, the proportion of lighting is close to 3, and the proportion of backlighting is about 2. The proportion of non lighting / non backlight applications is more than 5. Among them, the flash and small distance billboards total revenue share of about 15%-20%, infrared about 2.

For more LED related information, please click on the LED network or pay attention to the WeChat public account (cnledw2013).