Crystal electricity: blue light product price pressure, increase the proportion of four yuan to 4 percent in the second half.

Crystal electricity on yesterday (18) day dividend, allotted 0.8 yuan per share (New Taiwan dollar, the same below) dividend, the reference rate of interest rate is 37.05 yuan, lighting, backlight two major production lines encountered mainland plant capacity competition, blue light products under pressure, second quarter revenue 5 billion 294 million yuan, quarter increase rate 2.8%, annual reduction rate 2, third quarter backlight season approaching, operation is expected. Back to the temperature, the proportion of four yuan product revenue rose 4 percentage points in the second half. With the mainland's new capacity coming out, the price pressure of Blu ray products emerges, and the gross profit margin of the first quarter of crystal power is 17.22%, a new low in the last six quarters, a profit rate of 2.47%, a surplus of 399 million yuan after tax, a surplus of 0.37 yuan per share, and a limited profit margin for the second quarter backlight and lighting business.

Crystalline electricity will continue to increase the proportion of four yuan products with better profits. The proportion will increase from 35% to 4 in the second half of the year. The decision of the board of directors of crystalline electric power will cut the VCSEL division independently into "crystalline semiconductor".

Through the simple segmentation method, the value of the OEM's business value is approximately 1 billion yuan, which is divided into 100% new subsidiary companies, "Jingcheng semiconductor", which is held by 100% new companies. The total cost is 100 million yuan. The segmentation date is October 1st. The company is mainly engaged in VCSEL, GaN on Si electronic components and other foundry business. Its initial annual revenue is about 1-2 billion yuan. Monthly capacity of about 2 thousand, mainly used in data transmission, 6 inch epitaxial production capacity has been completed, the monthly capacity of about 5-6, which is used in consumer electronics 3D sensing, OEM customers are expected to start delivery at the end of the year.

Source: newsletter Bulletin

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