Billion light Q2 steady, optimistic about the Q3 operation

LED packaging giant million light in the second quarter of this year, revenue performance is generally stable, excluding exchange rate factors, the estimated second quarter profit opportunities better than the previous quarter. The company expects the second half performance is expected to be better than the first half of the year, the third quarter should be into the season, the main energy is not visible / infrared, automotive products (car lighting, dashboard screen backlight, car tail lamp etc.) and little space for the traditional billboards, lighting and backlight products than heavy will decline.

With the completion and production of the Gong Gong factory, the development of light products in vehicles has continued to increase. In the past, the proportion of vehicles and niche applications (non lighting / non backlight) was about 4, up from 5 last year and is expected to come to 55%-60% this year. Estimated car products and small distance Kanban LED shipments this year have two digit growth.

Affected by seasonal factors and the impact of the traditional off-season, speculation billion light year lows may have been working on the first quarter of the second quarter, roughly stable or slight rebound, the company optimistic about the second half revenue ratio may be 45 to 55, the second half will be better than the first half.

2016 Everlight revenues rose to 293 million yuan, the annual increase of 1.7%, earnings per share of 4.13 yuan, the annual reduction of 3% in 2015, is the main cause of foreign exchange gains of many industry contributions. The shareholders' meeting has allotted 3 yuan in cash dividends per share. Ex 7/27 Scheduled Trading day.

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 May this year, the camp recovered to 2 billion 368 million yuan, 5.15% monthly increase, an increase of 2.44%, the cumulative first 5 months of revenue of about 11 billion 335 million yuan, an annual decrease of 2.95%. Estimated revenue in the second quarter compared with the previous quarter rose slightly.

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