Ledlink 2017 profit growth slightly, lamp into the future key operation project

Taiwan LED lighting two optical lens factory ledlink optical announced to (2017) annual results last year, net profit per share of 2.79 yuan (NT, the same below), the best performance is nearly four years, the resolution of the board of directors allotted 1.8 yuan cash dividend.

Ledlink optical revenue last year reached 1 billion 234 million yuan, the annual reduction of 6.93% last year, net income of 145 million yuan, the annual increase of 7.4%, net profit per share of 2.79 yuan, 2.73 yuan is better than a year ago. Last year ledlink revenue fell slightly, but the annual profit growth slightly, mainly produce benefit of adjusting product mix.

Last year, Taiwan China LED firms performance generally rebounded, mainly due to China mainland market price movements slowed down, new capacity is no longer like a few years ago has opened the market regardless of price or quantity, good Chinese performance of Taiwan LED factory.

Ledlink through cost control, screening clients, since the second quarter of 2016 gross margin rose to more than 40%, started by quarter rise, the second quarter of last year, gross margin ascribed to 45.69%, but in the third quarter gross margin fell slightly to 43.78%, the fourth quarter of last year was 41.75%, but due to structural adjustment of product line strategy work. Last year, the cumulative average gross profit rate is still 43.73%, with the annual gross margin level, since 2012 is the best performance.

At present, ledlink outdoor lighting applications accounted for about 45%, about 35% commercial lighting, other (including vehicle) accounted for about 20%, by the end of last year, car products accounted for about 7% of car products covered car lamp, lamp, lamp and the fog lights, headlights and other automotive products through the LED lens. Light factory shipments to car factory cooperation, is expected to increase the proportion of revenues, expected future lamp is expected to become the company's major operating projects.

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