Light win tech second quarter revenue rising gross margin hit a 5 year high

LED epitaxial chip factory / light win Tech in the second quarter of the year in the traditional peak season pushing up revenues, heating, Dan Jimao rate hit a new high of nearly 5 years, the industry profit steady, because industry exchange factors excluded, earnings per share 0.25 yuan (NT, the same below), the quarter increased 11 times, the annual increase of 1.3 times. The first half of the cumulative EPS about 0.27 yuan, a turnaround.

The second half of the expected performance may be better than the first half of the year, the annual profit has obvious opportunities for recovery, compared with last year, nearly 3 years of high profitability challenges. Among them, in July this year to 105 million yuan revenue, minus 4.1% months, the annual increase of 3.7%. Estimate the third quarter revenue should be kept more than 300 million yuan level.

At present, the company's main products are including four full-color LED, red yellow green light LED, LED, LED, UV, blue LED, in addition to consumer electronic products, also widely used in all kinds of outdoor and indoor lighting, display board, car brake lights and lamps, control equipment, dance lamp, medical beauty, nail baking, sewage processing, mosquito lamp and so on the niche market. The past has reached 4 the proportion of blue LED, after the adjustment, the proportion of blue LED has dropped to 3 the following.

In order to optimize the efficiency of production, the company is currently undergoing a relocation plan, the new plant is located in Tainan South tree Valley park. It is reported that the early will put both the production line equipment moved to the new factory, subsequent add equipment expand production scale, product niche applications will depend on market demand and the status of orders and.

Light hung was founded in 2006, due to changes in the industry in recent years, and actively adjust the product portfolio, in 2016 revenue and profit industry bottomed out, but because the recognized exchange loss and CB loss caused investors to redeem, only small profit. In the first half of 2017 new product production, increase the proportion of niche products, gross margin rose further, industry profit continued to improve.

Light hung in the second quarter of this year revenue of about 346 million yuan, an annual reduction of 1.79% quarter by 10.64%, mainly industrial, the company continued to push up the season and adjust the product structure. One quarter gross margin to 28.6%, hit a new high of nearly 5 years, a single quarter net income of nearly 25 million yuan, earnings per share of about 0.25 yuan, the quarter increased 11 times, the annual increase of 1.3 times. The first half of the cumulative total revenue of about 660 million yuan, the annual increase of 5%, gross margin reached 27.46%, the annual increase of 9 percentage points, earnings per share of 0.27 yuan. (source: financial network)

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