Crystalline 2017 first quarter revenue 1 billion 314 million, intends to increase capital purchase machinery and equipment, etc.

EPISTAR announced 2017 first quarter revenue of 5 billion 730 million yuan (NT, the same below, equivalent to approximately RMB 1 billion 314 million yuan), quarter by 9.5%, the annual reduction of 5.3%; benefit product portfolio optimization, gross margin and camp interest rate were 19.73% and 7.28%, 18.4% and 6.7% compared with the previous quarter show a double double rate; industry profit 417 million yuan 425 million yuan, slightly lower than the previous quarter, but still the third consecutive quarter profit; however, by the exchange loss of 600 million yuan, a single quarter net loss of 281 million yuan, the loss per share of 0.26 yuan, compared with the previous quarter loss per share of 0.15 yuan loss widened, but with the same period last year loss of 1.54 yuan per share compared with the improved.

General manager Zhou Mingjun said EPISTAR days ago, under the growth of TV backlight and lighting needs, blue LED supply and demand gap of more than 30% companies to pick a single production and increase product prices due to some specifications; but he also mentioned, LED, including three safety optoelectronics, Dachang ao'yang Shunchang, HC semitek, the second half of the new capacity will a prediction of the new capacity will begin to release in August, therefore, is to observe the second half of the price change of blue LED.

In addition, the board of directors of the board of directors yesterday passed no more than 165 million shares, intends to increase the issue of common shares to participate in the issuance of overseas depository receipts. EPISTAR said the capital increase will be used to repay bank loans, the purchase of machinery and equipment, substantial working capital, improve financial structure or other support for. Zhang Shixian, a spokesman for the company, said that it would not rule out the need to find strategic partners or retain the elasticity of expansion when there is a need for capital.

For more LED related information, please click on the LED network or pay attention to the WeChat public account (cnledw2013).