Billion light vehicle revenue last year cooling, and Mini applications such as LED or add new energy

Table LED package manufacturers billion light affected last year LED package competition in mainland China, the price pressure increased, peak effect is not obvious, the annual revenue decline of 6.6%, estimate the corporate profit performance will be significantly diminished. Expected this year in the mainland competition situation, the company will continue to adjust product mix, to improve the profit, but the short-term revenue growth momentum may be considered conservative.

Billion light in recent years the product portfolio tends to spread, currently the proportion of consumer electronics / mobile phone application is about 35%, the proportion of nearly 25% backlight applications, not visible products accounted for about 2, the proportion of lighting applications about 15%-20%, and another 5% in revenue from other applications. Among them, including the small pitch LED display, not visible light vehicle LED, IR lighting, lighting and other lighting situations / special applications, the company is actively expanding the project in recent years.

Although the total revenue structure, automotive lighting (in the direction of lights, taillights, interior lighting, instrument panel backlighting, headlight is still low) over the past two years the proportion of about 5%, but the light has been billion in Europe, Japan and South Korea around the vehicle factory certification, plus the causeway factory to enhance the vehicle supply capacity of lighting products, that by the end of 2018 car lighting products have the opportunity to challenge the proportion of close to 1.

Small pitch LED display, originally in billion light small pitch LED display market is stable, mainly small pitch LED display manufacturers in mainland China for more than billion light customers, the product specifications of the company gradually increased to 0808, 0606 specifications, expected this year, small pitch LED display application product shipments should still increase 2.

As for the upcoming mass production Mini LED, is generally believed that the business of the company based on high order small spacing display market, from the Mini LED display in the application and development of outdoor advertising and commercial billboards, may also have the opportunity to add new momentum.

However, although the company in a number of product technology remains the leading industry competitiveness but by mainland promotion, more and more manufacturing orders to mainland industry, product price pressure increase and other factors, plus profit better automotive lighting, special lighting applications such as product market size and revenue contribution is limited. By 2017 revenue reduction of more than 6%, and nearly 4 year low. As the Spring Festival holiday in February on the lunar calendar, forecasts for first quarter revenue is still weak.

The second half of last year, revenue billion light by quarter cooling, fourth quarter revenues fell to 6 billion 725 million yuan (NT, the same below), quarter by 2.58%, the annual reduction of 12.35%, annual revenue of about 27 billion 337 million yuan, the annual reduction of 6.8%. Before the three quarter earnings per share of about 2.2 yuan estimate, the annual EPS may be in 3 yuan, low for the past 5 years.

Source: Money DJ

LED more information, please click on the LED network or the WeChat public account (cnledw2013).