EPISTAR Q1 revenue of 1 billion 310 million yuan in April revenue of fighting a two-year high

Effect of Taiwan LED chip manufacturers EPISTAR in the first quarter of four yuan LED order stable, blue LED into the off-season under the single quarter revenue quarter by approximately 9%, an annual reduction of about 5%, despite the impact of foreign exchange losses, but because the product portfolio is better, it is better than the last quarter, gross margin single quarter earnings per share of about 0.2 yuan (NT, the same below) near the level of better than expected.

In the second quarter, driven by the large size distribution due to the new model TV backlight Blu ray LED product shipments, heating, plus car, infrared, four yuan product orders continued to grow, outside the April revenue at $2 billion 500 million, is nearly 2 years of high band.

However, due to LED, including the possibility of Dachang Sanan optoelectronics, Australia Shunchang, HC semitek in the second half of the year and the new capacity will be opened, the follow-up will cause the downstream customers, or pull goods - blue LED prices again fell, but also further observation.

Due to the demand for orders, crystal electricity has continued to adjust the existing machine, improve the production capacity of four yuan LED. Currently four yuan accounted for the proportion of the total revenue of about more than 25% of the product, it is estimated that this year the opportunity to reach more than 3 of the gross margin will be a positive help.

Crystal is LED epitaxial / chip manufacturers, products used in panel backlight, lighting, LED billboards, automotive lighting and other niche markets. The factory is located in Taiwan, Hsinchu, Miaoli, Tainan, mainland China, Changzhou, Shenzhen, and other regions.

By the industrial adjustment, LED decline in value, since the second quarter of 2015 to the second quarter of 2016 consecutive losses, with the expansion of industry slowdown, the market order, stabilize prices of blue LED, plus the capacity adjustment, product mix optimization, enhance the proportion of four yuan LED, the second half of 2016 gross margin and its improvement. Except for the fourth quarter of last year, the industry raised assets impairment and disposal equipment losses, resulting in a single quarter and small losses.

Crystal electricity in 2016 revenues of about 25 billion 539 million yuan (equivalent to about RMB 5 billion 837 million yuan), an increase of about 0.11%. Gross profit margin of about 7.5%, operating loss of $1 billion 256 million, plus the loss of the industry, the total annual net loss after tax of about $3 billion 546 million, a loss of $3.33 per share, the loss is greater than in 2015.

In the first quarter of this year, revenues of about 5 billion 734 million yuan (equivalent to about RMB 1 billion 310 million yuan), the quarter minus 9.5%, minus by. Earnings per share of approximately $0.2 in the first quarter. In the TV backlight Blu ray LED products driven by temperature, the market is expected to have the opportunity to challenge the revenue of 2 billion 500 million yuan in April, may be the highest level in nearly 2 years.

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