LED semi annual earnings brisk performance

Light emitting diode (LED) for second quarter earnings brisk performance, than in the first quarter was up sharply phenomenon. The profit in the upstream epitaxial plant of Jingyuan Optoelectronics (2448) second quarter gross margin reached 34%, ranking LED plant crown, 80% quarter profit growth; Wang Qi (6168) quarter growth rate reached 177%; even the semi annual report as expected ligitek (8111), but also because of the first quarter of a low base the second quarter profit growth season, up to 247%, only the first half net profit per share of 0.35 yuan, the price earnings ratio is higher than the downstream LED packaging factory.

Statistics last week, only four LED factory released semi annual report, expected to be released this week profit billion light (2393) will still be LED factory profit Wang canyuan; (3061) the second quarter turnaround, but profit per share of about 0.2 yuan.

Crystal electric frequency first released semi annual report, the second quarter net income of 618 million yuan, 344 million yuan more than the first quarter growth of 80%, in the second quarter, the blue LED full capacity, the gross margin jumped sharply, growing from 30% to 34% in the first quarter, because currently EPISTAR orders mainly for high order Blu ray the main forecast in the third quarter gross margin is still up space.

According to the annual report of the crystal electric, evaluation according to the yuan Research Center, crystal electric second quarter net income of 619 million yuan, 560 million yuan significantly exceeded market estimates of about 10.5%, and business spending about 10.8% of revenue, better than the expected 11%, reiterated to buy, target price of 196 yuan.

LED packaging factory Baihong (3031) second quarter gross margin was also growing 4 percentage points to 26%, the second quarter net income of 139 million yuan, compared to the first quarter of 85 million yuan quarter by more than 60%, the first half net profit per share of 1.44 yuan.

Baihong assessment 8 and September revenues will grow, the company forecast third quarter revenue than the second quarter growth of 10% to 15%.

Second LED company rose season presents and Wang Qi, Wang Qi second quarter average gross margin has ascended to the 22%, better than the market expected, the second quarter net Yiyue 86 million yuan, 31 million yuan more than in the first quarter of substantial growth of 177%, the first half net income 117 million yuan, net profit per share of 0.78 yuan.

Looking forward to the third quarter, macro Qi consultant and spokesman Qian Songling pointed out that, from the current shipment situation, the third quarter revenue is still expected to refresh the record of a single quarter, the quarterly growth rate of at least 20% of the level. Ligitek entered the solar module shipments have been worse than expected, the first quarter net income of only 5 million 580 thousand yuan, while the second quarter earned 19 million 400 thousand yuan, a substantial growth over the first quarter, but the semi annual performance still disappointed the market, the first half net profit per share of 0.35 yuan, the price earnings ratio is also evident in the LED packaging factory in high.

Source: China Semiconductor Lighting Network