LED lamp order volume, Li Qing will be better than the first half of the second half of the operation

Li Qing first quarter gross margin decline, increased costs, single quarter profit was lower than expected, the second quarter into the off-season, the corporate estimated operating downturn, but the third quarter loungyee order volume, the second half of the new shipment of 6~7 new headlights, expected in the second half of the operation will be better than the first half.

Li Qing first quarter revenues 1 billion 59 million yuan (NT, the same below), quarter by 24.4%, the annual increase of 3.7%, slightly lower than expected, mainly Chinese domain car purchase Shanghai Koito, customer name change, the invoice can not be accounted for, and significantly reduce the proportion of new, single quarter gross margin of 18.38%, while the development costs increase, the cost rate of 13.41%, 10.19% higher than the same period last year, making 54 million yuan after tax earnings, quarter by 5, the annual reduction of 36.3%, earnings per share of 0.8 yuan.

The second quarter is the traditional off-season, legal estimates in 5 and June revenue is still weak, single quarter revenue fell 880 million yuan, while the LED purchasing mainly denominated in dollars, the dollar against the cost of imports, coupled with the mainland wage rises, single quarter profit will come to the bottom of this year.

Li Qing at the start of season third, received a Volkswagen Lavida taillights, brake lights and light direction after delivery, in the second half of the new products added 6~7 shipments, revenues will start back to temperature, September estimated monthly revenue have the opportunity to rebound to 400 million yuan, gross margin is expected to put a large scale by revenue, LED the headlamp revenue optimization product portfolio The second half of the profit driven, significantly better than the first half of the year.

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