Crystal electric Q2 gross profit / loss improvement; Q3 continue to fight for the better

LED chip manufacturers in June this year, the price of electricity in the first quarter of last year, a slight decrease of 2.3%, mainly affected by the end of the quarter inventory factors. But compared with the same period last year grew by 9.87%, for the first time this year to restore growth. Corporate estimates second quarter gross margin is expected to be positive, the industry profit improvement. Expected to gradually improve the efficiency of the production capacity and improve operating efficiency, coupled with some LED quotes rebound, the third quarter gross margin and profit and loss have the opportunity to further enhance.

The crystal is LED / LED, and it is used in panel backlight, lighting, Kanban, automotive lighting and other niche markets. The factory is located in Taiwan, Miaoli, Tainan and Hsinchu, Changzhou, Xiamen and other regions. At present, the proportion of TV backlight is about 2, the lighting is about 3-4, the proportion of consumer electronics is about 2, the display is about 10%-15%, pen / monitor backlight about 1 into.

This year, the focus of the product, including CSP chip, four yuan / red LED, infrared products, etc.. Of which four yuan and the proportion of infrared products of about 25%, respectively, applied to automotive lighting (including car lighting and taillights), industrial testing equipment, commercial intelligent lighting systems, etc..

By LED LED last year decline pile up in excess of requirement, a rate more than 4, this year is expected to industry oversupply situation, but not off products devaluation pressure is expected to slow slightly, LED recent quotation also rebounded, this should help to improve operation of LED manufacturers. The main reason is that the production capacity and product mix adjustment, including lighting and backlighting have new products launched, etc..

After the first quarter loss, in June of this year compared with the same period last year, revenue growth is restored, the overall revenue in the second quarter than last quarter, corporate forecast second quarter gross margin may be raised to 5%-10% level, the industry estimated loss of nearly flat, the third quarter gross margin reached 10% to have the opportunity to further.

EPISTAR 2016 first quarter revenue of about 6 billion 58 million yuan (NT, the same below), quarter by approximately 2.4%, an annual reduction of about 8.85%, gross loss rate of 7.34%, compared with the previous quarter, but the three consecutive quarter gross margin was negative. Operating loss of 1 billion 438 million yuan in the first quarter, the loss of the past 4 quarters, after tax loss of $1 billion 640 million, a loss of $1.54 per share.

In June this year, revenues came to 2 billion 107 million yuan, minus by $2.3%, an increase of 9.87% in the first half of the total revenue of about $12 billion 613 million, an annual decrease of 5.98%. Which second quarter revenue of about $6 billion 550 million, an increase of about 8% in the quarter, minus by.

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