Huaxing orders market is not as expected, the expected results will be compared with the Q3 Q4 continued to drop

LED Packaging Factory Huaxing (6164) pointed out that from the current market conditions LED orders, customer orders did not progress as previously expected, in addition to some new product orders schedule deferred, old customer orders have relatively light signs in Q4, expected in November and October is slightly with consolidated revenues of approximately in December, there will be obvious decline, the expected results will be compared with the Q3 Q4 continued to decline, this year is the peak performance determined in the Q2.

Legal person is estimated, Huaxing Q4 combined revenue will be more than 10% decline in Q3.

Huaxing pointed out that the current single kinetic energy has begun to feel the signs of light, some of the new applications of single schedule was not as expected, so this quarter sales performance is also relatively lack of growth momentum, as for the lights which are customer orders scale also only in steady state, the estimation of the season and revenue will decline than Q3.

Huaxing before October consolidated revenues of 1 billion 85 million yuan, an annual growth of 15.77%, the company since the end of October single month pre tax earnings of $9 million 800 thousand, the cumulative pre tax earnings of $211 million in pre tax earnings per share of $2.07 per share in October.

In cooperation with the family convenience store imported LED lamp application progress, Huaxing pointed out that at present 2 direct point device operation only, the refrigerated cabinet and freezer with low temperature lighting products (i.e. lamps) will be on the road, the signboard is slower, more than the subsequent hundred a synchronous facelift plan, because the family intends to change the number of additional stores, so the overall schedule is slightly deferred, however, expected before the end of the year will be launched the first phase quantization device operation, because the whole family after the merger of Niko chain there nearly 2500 home, inside quite confident can master the waves at low temperature the lighting of the import business.

Source: Lean news