Lextar electronics 2017 turnaround, Chuzhou new production plant in the second quarter

LED vertical integration of lextar electronics manufacturers yesterday (14) announced on the fourth quarter of 2017 and annual financial statements. The company last year in the fourth quarter revenue decline, achieved consolidated revenue of 2 billion 700 million yuan, quarter by 14.8%, but the gross interest rate steady, maintain the 14.8% quarter by 0.6 percentage points, the annual increase of 20.5 percentage points, single season continued to earn. The annual gross margin reached 14.9%, a record high of nearly 6 years, the net profit of about 129 million yuan (NT, the same below), earnings per share 0.25 yuan, smooth turnaround. The main reason is the product portfolio continued to adjust the production efficiency, higher order product shipments growth.

For the 2017 turnaround, Lunda electronics said the company in 2017, is committed to improving the profit from the adjustment of product mix, improve production efficiency, and actively involved in higher order products and technology in three aspects of optimization, gradually show benefits. The future will continue to expand the lighting module with high technical content and high order display backlight products, and accelerate the development of the market, the layout of vehicle sensor, biological identification, UV and other new products, Mini LED, VCSEL 3D and promote the production of products such as sensors.

In addition, Ronda is located in Anhui province Chuzhou new factory building has been completed, is expected to be installed in March 2018, and the trial production in the second quarter, is now actively carrying out personnel recruitment and training. The future of the Chuzhou plant will become the third production base of lextar electronics after Suzhou, Xiamen is located in the mainland area, production projects include chip, package, playing parts and assembly of finished products.

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