East 2016 revenue of 1 billion 800 million in the first quarter revenue is lower than the previous quarter

Taiwan LED packaging plant in the fourth quarter of last year, the fourth quarter of the last year by the backlight backlight into the off-season and other factors affecting the end of the customer, single quarter revenue cooling. Consider outside the industry may recognize the return of foreign exchange, the profit is better than last season. Have the opportunity to maintain a small profit situation throughout the year.

Outlook 2017, due to the impact of the lunar new year, in January this year, revenue fell to 516 million yuan (NT, the same below), minus by $17.85%, an annual decrease of 30.45%. Estimated overall first quarter revenue may be lower than the previous quarter.

However, this year the company does not expand revenue as the goal, will improve profitability. Is expected to launch this year Jiexin high diversity of products, including smart lighting lamps, emphasizing the low / no flicker effect blue backlight products and so on, in addition to the new customer orders in the second quarter is expected to be in place, lighting products shipments will gradually grow. As for a case on whether a increase in personnel costs and production costs, as well as CREE tort litigation results, all remains to be seen.

LED was originally a large package, consumer products and backlight applications. In recent years, restructuring, and actively expand the development of lighting products. Last year, the proportion of lighting lamps, wisdom lighting system lighting products such as total about 5-6, the proportion of nearly 4 into backlight (TV and mobile phone backlight each half), this year for new customers to join, backlight lighting product mix adjustment, plus the proportion and infrared and other niche products can multiply, estimate the backlight proportion will rise to 5 as above, lighting evaluation is reduced to 4, the proportion of niche products. 5%-10%.

At present, the East Bay lighting products to large channel customers in the United States mainly supply, sales to the Toshiba brand in Europe and Taiwan (China in the fourth quarter of 2015 achieved Toshiba brand lighting products in Europe and Taiwan China sales rights). Among them, the United States market share of about 7, the proportion of about 2 in Europe, China, Taiwan, Southeast Asia and other parts of the proportion of about 1.

Influenced by the factors of production, the new LED lighting market order, stabilize the traditional peak season, the East Bay following the second quarter revenue rose third last season, a small increase. However, due to the low demand for backlight and the end of the effect, the fourth quarter revenue cooling. In the first quarter of the Lunar New Year and the impact of low season, revenue continued to decline.

East in 2016 third quarter revenue of about $2 billion 166 million, an increase of about 1.8%, an increase of about 34%. Single quarter gross margin of nearly 22%, a new high in recent years, operating profit of $113 million, but also for the last 6 quarters of a new band, but due to losses outside the industry, making a single quarter net profit after tax of only $7 million, earnings per share of $0.02.

Before the three quarter total revenue of about 6 billion 166 million yuan, the annual increase of 1.18%, operating profit of 206 million yuan, the annual increase of 65%, but in 2015 the disposition of assets gains industry, 2016 is industry losses, so the first three quarters of net profit after tax of 41 million yuan, 0.13 yuan, the annual reduction of 78% EPS.

In the fourth quarter of last year, revenues of about 1 billion 910 million yuan, a quarter minus 12.8%, minus by. Initial estimate. Annual revenue of about 8 billion 70 million yuan (equivalent to about RMB 1 billion 800 million yuan), an annual reduction of 0.19%. In January this year, revenue fell to 516 million yuan, minus by $17.85%, an annual decrease of 30.45%.

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