Billion light Q3 revenue, profit growth, Q4 is expected to remain stable

Taiwan LED package Dachang billion light lighting sales in the fourth quarter of 2016, growth season, small spacing and spring element display backlighting demand support, estimated revenue opportunity steady. The expected annual revenue is expected to increase compared to 2015, profit may be flat or only slightly lower. Outlook 2017, due to the traditional off-season in the first quarter, operating performance will be expected to cool down. With the recovery of the number of days of work and the industry gradually into the season, the second quarter is expected to gradually back to the temperature. In the backlight, lighting products will have new projects / orders, shipments, and display demand continues to grow, LED Flash flash and infrared LED amplified driven by market expectations, have the opportunity to maintain a modest growth of 2017 in revenue. For the Department of Taiwan billion light LED packaging manufacturers, headquartered in Taiwan Province, woods, factory located in Taiwan Province, court, and Suzhou, and Guangzhou, the total package production capacity of about 4 billion, currently holds about 9.6% stake in Taigu and holds about 1.8% stake in crystal electric. Among them, the proportion of nearly 3 of the lighting, backlight proportion estimates 20%-25%, invisible light about 15%-20%, other consumer and mobile applications about 3. Affected by the correction of the LED industry boom, the first half of 2016 revenue is relatively flat. The second half of the year because of backlight, lighting gradually into the season, stabilize the market order of LED, plus the price stabilization, and display, infrared, mobile phone flash applications was driving the overall recovery operation. Following the third quarter revenue, profit growth, the fourth quarter is expected to remain stable. Billion light in 2016 third quarter revenues 7 billion 580 million yuan (NT, the same below), quarter by 6%, the annual increase of 7%, gross margin of 24.8%, quarter by 0.3 percentage points, the annual increase of 1.5 percentage points, operating profit 696 million yuan, net profit after tax of 464 million yuan, earnings per share 1.04 yuan, quarter by 2%, the annual increase of 8%. Before the three quarter total revenues of 21 billion 674 million yuan, the annual increase of 1.5%, gross profit margin of nearly 25%, the annual increase of 1.5 percentage points, operating profit of 1 billion 750 million yuan, the annual increase of 16%, net profit after tax of 1 billion 370 million yuan, the annual increase of 6%, earnings per share of 3.08 yuan, the annual increase of approximately 2%.

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