Crystal electric Q2 loss of nearly 2000 trillion light net profit fell by 37%

LED price storm LED factory EPISTAR second quarter earnings, from profit to loss, net loss per share of 0.11 yuan (NT, the same below); although save billion light profit, but the second quarter profit dropped 45% per share, net income is only 0.74 yuan; because of this wave of decline even crystal electric dongzuo Li Bingjie are very surprised. EPISTAR approved by the board of directors bought 20 thousand treasury stock, to start self-help action.

This year, the LED industry boom, the third quarter of the season effect is lost, TV backlight demand climbing slowly, LED lighting is ridge cover in the haze of price weakness, the second quarter earnings performance is also quite weak. Chip maker crystal electric announced 6 earnings, because the second quarter utilization rate of only 70%, the blue chip average retail price (ASP) continued to decline, resulting in crystal electric second quarter gross margin fell below 2 digits, only 9.24%, dropped 12% over the same period last year, the industry losses of 320 million yuan (about 62 million 880 thousand yuan), but because the second quarter ECB fell, according to the provisions of IFRS evaluation of interest of 280 million yuan (about 55 million 20 thousand yuan), the second quarter net loss after tax of about 100 million yuan (about 19 million 650 thousand yuan), net loss per share after tax of 0.11 yuan, the first half of the cumulative net income of 0.63 yuan per share.

In the third quarter, EPISTAR said, LED backlight demand slightly rebounded, but climb slowly, visibility is not high, only slightly better than that in July June, August and the third quarter operating well and will be close to the second quarter; lighting has a long one, but the list is only 1 ~ 2 months, than the phenomenon is that prices did not fall again".

This wave of LED stocks decline tragic, even crystal electric dongzuo Li Bingjie are very surprised, crystal electric stock has came to the net value of 5, IR Department received many from the requirements of small shareholders to repurchase the stock of the telephone, the resolution of the board of Directors now bought 20 thousand treasury shares, repurchase price 25 ~ 40 yuan interval.

In order to calculate the current price of crystal electricity, buy 1% stake of about $310 million (equivalent to about RMB 60 million 920 thousand yuan).

As for the billion second quarter profit is also facing challenges, billion light second quarter revenue reached 7 billion 55 million yuan (about 1 billion 386 million yuan), but the single season after tax net income fell to 308 million yuan (about 60 million 520 thousand yuan), compared with the first quarter dropped 45%, than the same period last year decline of 37%, the profit level is low level since the 9 season net income per share, 0.74 yuan, 0.9 yuan less than the legal expected, the first half of the cumulative total after tax net income 875 million yuan, net profit of 2.05 yuan per share after tax.

Before the earnings announcement Torgovnik Corporation has cut crystal power, billion light profit this year is second valuation, detonated wave tide repair remains to be seen.

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