Dongbei Mini LED has completed the sample delivery certification and intends to increase its capital by 256 million yuan.

Taiwan's LED packaging plant Dongbei held a shareholders' meeting last week. In addition to the annual financial statements and the deficit Appropriation Bill, the company also decided to increase capital in NT $1 billion 200 million (equivalent to RMB 256 million yuan). It plans to introduce important strategic partners to improve the company's financial situation and enhance product competition. Force and profitability, Dongbei said, Mini LED has completed sample delivery certification, the second half of this year will become the key to profitability growth.

Dongbei pointed out that after last year's adjustment in operation physique, the operation in the first quarter of this year has seen a turning point. The focus is focused on the international large factory orders, so as to raise the average unit price and gross profit margin of the products. Therefore, the first quarter of this year, though operating in the off-season, has turned into a deficit in the single season, making a small profit of 37 million 290 thousand yuan after tax. NTD, the same below, after tax, the net profit is 0.09 yuan.

The second quarter shipments were better than the first quarter, and the asset impairment was reported last year. Therefore, it is estimated that the second quarter revenue should have a better chance than the previous quarter and the same period last year.

Looking forward to the second half of the year, Dongbei pointed out that Mini LED will play a key role in Dongbei's revenue and profit growth. Under the verification of sample delivery in the first tier factories, the shipment forecast will grow significantly with the arrival of the traditional electronic peak season. The company is optimistic about its operation in the second half of the year.

Dongbei's revenue last year reached 5 billion 740 million yuan, a 28.52% decline compared with the previous year's 8 billion 30 million yuan. The whole year was more due to the impairment of assets, resulting in a net loss of 1 billion 840 million yuan after tax and a net loss of 4.93 yuan per share after tax. It passed the operating bottom of last year and reduced the proportion of LED lighting operation.

Last week, the LED plant, including 100 million light, Dongbei and Dingyuan, held its shareholders' regular meeting. With the second half of the year entering the traditional peak season, it is expected that the second half of the year will be better than the first half.

Source: Zhong Shi e Bao

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