Huaxing estimates Q4 combined revenue season by about 10%, but is expected to grow over the past 08 years Q1 consolidated revenue will exceed $10%

LED packaging manufacturers Huaxing said on the morning of 6 November, because by the end of the month to light customers (i.e. freezer products) supply situation is better than expected, but also makes the sales performance better than previously seen, the monthly growth of 7.8% in December, but the inventory of factors, revenue will decline again, at the beginning of the internal estimated Q4 consolidated revenue quarter by approximately 10%, but the prospect of 08 years of Q1 operation, due to the light of customer shipments have continued to expand the trend, so despite the influence of Lunar New Year holiday factors in February, expected quarter decline in performance is not significant, while single quarter consolidated revenue will more than 10% annual growth rate.

Huaxing November consolidated revenues of 110 million yuan, the monthly growth of 7.8%, an annual growth of 18.7%, the cumulative total revenue of its previous merger in November of $1 billion 995 million, an annual growth of 16%. Huaxing Q2 consolidated revenue of 380 million yuan, Q3 consolidated revenue of 345 million yuan, Q4 fear continued down to 3.1 billion yuan, shows that the company is operating in Q2 base is relatively high, write a single season high, plus the second half sales growth momentum was not as expected, the 07 annual consolidated revenue from Q2 also showed the slide the trend.

According to estimates, in order to Huaxing November combined revenue of 110 million yuan level, the profit of about $18 million a month, the cumulative pre tax earnings of about $229 million in the previous year, earnings per share of pre tax earnings of about $2.2.

Just about 60% sales Huaxing structure, the proportion of revenues to 65% is a niche type packaging component, the remaining 35% to 40% for modular products, including lights, backlight and lighting applications; in the backlight, the military display received Huaxing (outdoor aircraft) backlight products, has covered 10.4 to 15 inches, the company expects 08 years this part will accelerate sales while expanding the amount of product sales have doubled under the lights, will drive the modular product proportion continued rising, further boosted profitability.

Source: Lean news