Mini LED Q3

The first quarter of this year, LED Lunda by season and price USD decline of small single quarter loss of 0.08 yuan (NT, the same below), in the second quarter, revenue estimate of corporate performance will be better than the first quarter, according to the new technical part, Ronda Mini LED forecast in the third quarter of next year may be a small ship, with revenue, while VCSEL progress slightly next year is expected to be slow. A small ship.

Mini LED crystal electric applications will be shipped in the second half of the year, and Ronda was opened, will be shipped in the third quarter estimates next year can be small, however, contribution revenue for VCSEL, Ronda said, because Apple iPhone X sales than expected, leading to customer attitude is wait-and-see, currently slightly slow, but continued development introduction, this year The second half will continue to import the customer market is expected next year, is expected to appear.

In addition, located in Anhui Chuzhou Lunda new factory has been in accordance with the schedule entered the trial production stage, and is recruiting and training, including grain production projects, packaging, playing parts and assembly of finished products, the Department of lextar following Suzhou, Xiamen, third production bases in mainland.

In order to improve the profit, Lunda will continue to adjust product mix this year, including the convergence of lighting products business, strengthen the lighting module customized design and technical services, and strengthen customer input Mini LED backlight layout, new technology development and application of high order to improve grain and package products proportion etc.. At the same time also is accelerating product development and market layout of the vehicle, sensors, biological identification, UV advanced optoelectronic applications.

At present, the backlight products accounted for the proportion of revenues of approximately 6 Lunda, lighting products accounted for about 3 of the total, other niche products accounted for about 1 into.

Although last year the gross margin rose to 14.9%, a record high of nearly 7 years, earnings per share of 0.25 yuan. But the first quarter of this year, Chuzhou is the traditional off-season factory relocation costs, exchange rate fluctuations, LED decline in value, single quarter revenue fell to 2 billion 648 million yuan, the annual reduction of 15.7% in 21 quarter gross margin of 12.24% low band; an annual reduction of 1.7 percentage points, nearly 5 season low; tax loss of 38 million yuan, the loss per share of 0.08 for nearly 5 yuan, a quarter of the most The downturn of the season.

In April this year, the camp back to rise to 992 million yuan, the monthly increase of 7.7%, the annual reduction of 2.4% in the first 4 months of revenue of 3 billion 640 million yuan, the annual reduction of 12.44%. The first quarter of this year is expected to be the bottom, second quarter revenue better than expected in the first quarter, the second half of the year and have the opportunity to better than the first half. As for the gross margin and profit performance, still need to continue to observe changes in product mix and LED prices, exchange rate etc..

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