EPISTAR 4Q17 revenue quarter by 14.67%, expected 2Q18 performance significantly warming

Go to (2017) years of Taiwan LED manufacturers EPISTAR in the adjustment of product structure, operating performance significantly over the previous two years rise, but, after entering the fourth quarter of last year, revenue is still in the off-season effect, compared with the third quarter of December revenue has declined significantly, compared with the previous month growth of more than 12%, but the fourth quarter revenue is the season minus 14%.

EPISTAR last December revenues of 2 billion 52 million yuan (NT, the same below), compared with the same period of the previous year fell slightly last month to 0.68%, but the fourth quarter of last year growth of 12%, total revenue of 5 billion 937 million yuan, compared with the previous quarter decreased 14.67%, revenue last year was 25 billion 370 million yuan, compared with the previous year annual revenue decline slightly 0.66%.

Although revenue last year, not only failed to grow, but slightly compared with the previous year of recession, however, EPISTAR last year in the full adjustment of product structure, coupled with the mainland market in the first half of last year LED chip supply once appear tight, prices remained stable, the crystal electric gross margin pulled up sharply last year, gross margin only in 2016 7.49% last year, before the release of the three quarter earnings, gross margin has rebounded sharply to 21.64% in the first three quarters of net income per share reached 1.18 yuan, although the estimated revenue in the fourth quarter compared with the third quarter slightly decline, but still maintain the profit performance of the single season.

For this market, although the market was likely to appear, LED chip prices, but this year, EPISTAR pointed out that the company is currently in the mainland market sales accounted for 20%, the future may still continue to decline, and this year even if the pressure correction chip prices, but with the end of the downstream application and delivery of different regions and different prices. There is still a chance is relatively stable.

The first quarter of this year's Lunar New Year holiday season plus the effect of crystal electric performance expectations in the first quarter is off-season performance, however, is expected to enter the second quarter, there will be significant warming, especially in the company optimistic about the downstream application markets, including automotive market, IR infrared sensing market this year, shipments will still see growth.

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