Blue crystal electric Q2 full capacity, two digit increase camp Watch

LED crystal electric chip manufacturers in the second quarter of this year increased in synchronous lighting and backlighting shipments temperature driven by blue LED production capacity reached full, the estimation of single quarter revenue opportunity quarter by two digits, the industry profit is expected to better than last season.

First quarter revenue of about 5 billion 734 million yuan (NT, the same below), quarter by 9.5%, the annual reduction of 5.33%, gross margin of 19.7%, a year since the fourth quarter of the last 10 seasons band high, operating profit amounted to 417 million yuan, but due to foreign exchange losses amounted to 600 million yuan, resulting in net loss of 280 million yuan, the loss per share of about 0.26 yuan.

April revenue dropped slightly to 2 billion 190 million yuan, year, month minus 1.9% minus 4.5%, mainly by the holidays, and may release the effect of stocking in advance. But the overall increase in the second quarter, synchronous lighting and backlight temperature driven, single quarter revenue is still expected to quarter by two digit amplitude.

The main movement in the second quarter of this year to Blu ray LED products. The main reason is China, packaging factory expansion, driven by the upstream of the LED grain demand, as well as international companies OEM orders warming. Among them, lighting products accounted for about nearly 5, the proportion of about 3 or so into the backlight. Because blue capacity utilization rate of full load, the recent price remains stable, plus four yuan LED, the company also needs to strengthen cost control and stability, speculated that the gross profit margin in the second quarter may be flat or slightly.

Crystal electric Taiwan for epitaxial LED / chip manufacturers, product application, LED backlight, lighting billboards, automotive lighting and other niche markets in the panel. Factories located in Hsinchu, Miaoli, Tainan, Taiwan Chinese, and China, Changzhou, Shenzhen, Xiamen and other regions. At present four yuan products accounted for the proportion of overall revenue of about more than 25%, estimated this year have the opportunity to reach more than 3, there will be a positive impact on gross margin. At the same time, the demand of VCSEL laser sensing applications are also growing in mobile devices. The company will adjust the order demand elasticity capacity allocation.

The second half of last year due to gross margin expansion, slowing interbank market order, stabilize prices, the blue LED company production capacity adjustment, product mix optimization, enhance the proportion of four yuan LED, the overall operating performance improved, but because the industry of asset impairment and disposal of equipment loss, the single season is still a loss. The first half of this year, gross margin and industry profits continued to improve, but the second half of the year, LED manufacturers including three safety optoelectronics, Australia Shunchang, HC semitek, is expected to have new capacity gradually opened to the market impact remains to be seen.

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