Industry driven season + new shipments, LED Q2 factory after the operation is expected to continue to rise

The first quarter of this year the majority of Taiwan LED factory are better than the same period last year, but by the first quarter of the off-season, single quarter profits decline compared with the previous quarter. LED industry said that after the second season, the season to industry and new products will be shipped under organic, operation is expected to continue to rise.

LED industry in Taiwan said that the first quarter of this year, the capacity for the lighting and backlight continues to open, so the first quarter of the mainland market prices continued to decline, Taiwan related manufacturers are still subject to the price decline in shipments of mobile phone backlight and lighting pressure part.

However, LED industry also said that after the second quarter due to the season approaching, is expected to maintain a niche market and new application delivery vendors this year, overall, single quarter profit is expected to maintain a growth trend.

The LED industry in Taiwan in the first quarter of observation, a number of manufacturers in the locked niche market, last year and this year the first quarter earnings performance have rebounded significantly, among them, Wang Qi, Lunda, and Baihong East Bay plant, the first quarter of this year the industry was operating a turnaround, the second quarter growth trend estimates can be maintained.

Macro homogeneous product portfolio to display and consumer products, the company optimistic about the Mini LED this year in the cinema and large screen mobile phone backlight application development, is expected to Mini LED before the end of the fastest in the second quarter of this year have the opportunity to bring new revenue contribution to mass production.

Dongbei first quarter turnaround for the second quarter outlook, the company said, due to the second quarter of last year is in the operation of low tide, plus shipping for the last second quarters had better than the first quarter, the second quarter revenue forecast this year than last season and should have the opportunity to show the same period last year.

Baihong is locked up the aviation market, the company in 2016 the aviation market products accounted for about 2% of revenue to 3% last year, has been upgraded to level 5%. Because the product gross margin is high, is also an important reason for nearly two years to enhance the Baihong performance.

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