Hong Qi SMD expansion is expected to be completed 08 years Q2, the amplitude will be more than 20%

LED packaging manufacturers Wang Qi currently SMD monthly capacity of 450 million, but considering the Taiwan plant capacity continued in full, plus the continued good 08 years, mobile phone market, it will further expand the SMD equipment capacity, the estimated 08 years Q2 monthly production capacity will be expanded to 550 million, more than 20% pieces of expansion. Hong Qi internal assessment, November revenue will remain 300 million yuan of high-grade level, December years for chassis factors, estimated approximately maintained at 2.8 Q4 billion yuan, total revenue of 885 million yuan, quarter by 4.5%.

As for the application of product sales progress, Wang Qi is currently 5 inches to 7 inches of backlight monthly shipments of about 6 thousand, but the proportion of total revenue is still low; the other in high power part, it is understood that the Hong Qi is still mainly through overseas shipping agents, this part also accounted for revenue of about 1% to 2% months. At the same time the product order master degree is still relatively unclear.

In the gross margin trend, legal person believes that due to the macro Qi of the season is still secondary continued clearing, therefore estimate the Q4 gross margin will be maintained at 20%, a single quarter EPS of about 0.47 yuan, the estimated 07 year total revenues of 3 billion 200 million yuan, the annual increase of 20%, total annual EPS of about 2.04 yuan, expected, white brand mobile phone market development will be the key observation about potential macro Qi 08 years after the operation.

Source: Lean news