Large size panel backlight demand surge, LED packaging factory Q2 revenue steadily better

LED NB penetration continued to rise, the market forecast of LED NB this year is expected to reach 50% penetration. In addition, the downstream system vendors and brands are also actively developing LED backlight LCD monitor products, LED packaging manufacturers also have the opportunity to benefit.

Billion light (2393) recently launched by the number of manufacturers of NB authentication, using Toyoda Gosei chip NB backlight products, has begun volume shipments in the second quarter. Since the second quarter capacity utilization has reached a level of 70%, 100 million light forecast, the second quarter revenue is expected to grow by more than the previous quarter of 30%, estimated at NT $2 billion 600 million. As for the China from mainland and European markets in areas such as lighting standard case orders, since the beginning of the second half is expected to contribute, estimated 2009 backlight and size of display products in total revenue accounted for about 25%, the proportion of revenues will increase to 12%-15% lighting.

Hong Qi (6168) 2009 also actively layout of large size NB backlight business and keyboard backlight market. Prediction of large size backlight products will be before the end of May volume shipments, help the second quarter revenue and gross profit. Hong Qi estimates, second quarter revenue has more than $600 million opportunity, an increase of about 30% in the first quarter. In the first quarter, the proportion of NB keyboard backlight revenue of less than 10%, is expected by the end of NB keyboard backlight revenue accounted for 20%-30%.

Donper (2499) since the second quarter of the size of mobile phone and backlight product shipments, compared with the first quarter of substantial growth, coupled with lighting products to get customers long single blessing. East Bay estimates, in May revenues should still be able to maintain the level of the new quarter or a new challenge (initial estimate of about 3-3.2 billion yuan), the second quarter revenue is expected to exceed NT $900 million, compared with the first quarter growth of more than 70%.

Huaxing (6164) since April, the Assembly system module business gross margin is better, the proportion is rising. Among them, the main customers - low temperature lighting manufacturers IR April shipments revenue has grown to 26 million yuan, more than doubled in March, is expected in May will continue to heat up. In addition, orders from Asia's largest freezer customers, has begun to sell in the domestic market. Estimated Huaxing second quarter revenue is expected to increase by nearly 50% compared to the first quarter, about $400 million to NT $350 million. At the same time, the second half is expected to continue to increase the contribution of products from low temperature lighting.

Baihong (3061) in addition to the second quarter of small and medium size consumer electronics backlight demand picked up, companies also actively expand overseas synchronous street lighting, traffic lights, outdoor billboards and standard engineering business. Corporate estimates, Baihong second quarter revenue of more than 1 billion yuan is expected to increase in 45% quarter.

Overall, domestic LED packaging factory in the second quarter average capacity utilization rate will increase to 70% level. The main reason is that manufacturers benefit from LED TV urgent single effect, although not if the upstream LED epitaxial crystal clear, but in the back of the NB backlight penetration enhancement, phone backlight demand back to the temperature, the benefit is not shallow.