Crystal electric quarter profit decrease, price fluctuations or blue LED

EPISTAR announced fourth quarter earnings report last year, the first half of last year in the blue LED price cycle, the price pressure is reduced, EPISTAR first 3 quarters of last year, the smooth transfer of surplus, the last quarter while continuing to profit, but single quarter net income fell to 396 million yuan (NT, the same below), showing profit cut, single quarter EPS dropped to 0.37 yuan. The fourth quarter profit was lower than expected, gross margin, profit rate showed double the rate of camp double down, were reduced to 21.92%, 7.04%, 5 first quarter since the recession, the cumulative annual after tax net income of 1 billion 650 million yuan, 1.55 yuan EPS, successfully get rid of losses for 2 consecutive years.

Although the crystal electric smooth turnaround, but recent foreign cut crystal electric target price, because the mainland blue LED production capacity continues to open, for the subsequent price of blue LED buried variable crystal electric lighting in the backlight, the proportion of revenues is still large, the capacity to still need time, plus new utilities such as Mini LED, VCSEL still have a foreign brokerage fermentation, recently adjusted crystal electric target price.

This year, two chip factory have announced a large-scale investment projects, in addition to spending huge sums to 33 billion 300 million yuan investment in an optoelectronic blue LED, GaAs, HC semitek also announced plans to invest 10 billion 800 million yuan in all kinds of new product development, big land owned factory capacity competition for blue light LED buried under variable price.

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