Billion light in the first half flat; the second half is expected to improve

LED package manufacturers billion light in the second quarter of this year due to the number of days to work, the overall revenue is expected to slightly better than the previous quarter and the same period last year. Although the overall mediocre performance during the first half, however, with the recent trend of LED price tends to moderate, coupled with the traditional peak season demand from the forecast in the third quarter revenue is expected to heat, the second half of the overall performance better than expected in the first half.

Billion light this year, including the main kinetic energy related products, automotive products and indoor display board. Among them, the lighting components and modules included in the product revenue is expected to maintain the growth rate of two digits, street light growth is also significant, this year is expected to contribute 5-10 billion revenue. Automotive products have entered the car market, the proportion of revenue of less than 5% last year, this year the opportunity to challenge more than 5%. Indoor display board revenue in the first quarter of this year, about 8% of the proportion of the second half of the forecast will be more than 10%. The overall portfolio helps to improve the continuous optimization, gross margins were steady.

Billion light for LED packaging manufacturers, is headquartered in the woods, the factory located in Taiwan, Suzhou, China court, and Guangzhou, and held by crystal electric and Taigu equity vertical integration of upstream LED grain supply. Estimated proportion of nearly 3 of this year's lighting, backlight proportion estimates 20%-25%, invisible light about 15%-20%, other consumer and mobile applications about 3 into.

In the first quarter of this year, affected by the low season, revenue cooling, but because of product mix adjustment, a slight increase in gross margin, single quarter earnings per share of about 1.02 yuan, reduced by 2 in the quarter, an annual reduction of 22%. Estimated second quarter revenue should be slightly better than the first quarter, but the overall performance of the limited space, mainly due to the slow kinetic energy backlight. In the second half of the LED offer tends to moderate, the traditional season demand blessing, performance may be better than the first half.

Billion in the first quarter of this year revenue of about 6 billion 956 million yuan, the annual reduction of 4%, gross margin increased to 25%, quarter increased 1.2 percentage points, the annual increase of 0.3 percentage points, operating profit 496 million yuan, 8% years, the quarter increased by 25%, net profit after tax of 448 million yuan, an annual reduction of 20% quarter by 18.5%, earnings per share 1.02 yuan, season by 20%, the annual reduction of 22%.

Following the April revenue decline, revenue continued to fall in May to 2 billion 311 million yuan, the monthly decrease of 4.17%, an annual increase of 5.05%, the cumulative total revenue of about $11 billion 680 million in the first 5 months, an annual reduction of 1.6%. Estimated second quarter revenue may be slightly better than last season, with the same period last year, the second half is expected to heat up.

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