Mini LED power, Wang Qi profit in 2017 or 103 year highs

Taiwan Hong Qi factory last year earnings per share for the 3 quarter amounted to 0.89 yuan (NT, the same below), estimated the annual profit opportunity since 103 years, the company layout Mini LED, currently has a sample certification, hopefully, have the opportunity to start from the second quarter of a small ship, in Yangzhou long yuan investment the electronic part, Yangzhou Long Yuan for electronic label product shipments volume in the fourth quarter of last year has been profitable, estimated this year will have a positive macro homogeneous profit. In business and industry steady growth, Wang Qi to cautiously optimistic performance this year, estimated this year's performance will be better than last year.

Wang Qi in recent years to avoid the LED lighting price competition intense market, focus on the display and other products, and strengthen the research and development of Mini LED and RFID chips and other products, plus depreciation burden greatly reduced, since the second half of last year to return to the normal track for Hong Qi performance, the third quarter of last year earnings is 140 million yuan, after tax earnings for 126 million yuan, single season earnings per share 0.62 yuan for the first 3 quarters of last year; the cumulative earnings after tax earnings for 199 million yuan, 180 million yuan, 0.89 yuan earnings per share for the fourth quarter of last year; the company consolidated revenues of 748 million yuan, a total of 106 years consolidated revenues of 3 billion 13 million yuan, corporate estimates, Wang Qi has the opportunity to profit since last year 103 year high.

In Mini LED, Acer Qi R & D 4 Mini LED as a Mini COB product can be applied to the LED cinema screen, has begun delivery, Wang Qi has sent samples of certification, because the mobile phone backlight for OLED capacity shortage, the short term is difficult to cut, and Mini LED in the 6 inch Mobile phone about 2600 Mini LED, the cost is about OLED 80%, mobile phone Mini LED backlight with LCD is designed to be competitive, if the mobile phone products Wang Qi passed certification, have the opportunity to shipments from the second quarter of small, for the second half of this year, Wang Qi added kinetic performance.

At present, Wang Qi monthly production capacity of about 550 to 600KK a year ago in November, consumer products (including terminal application indicator, mobile phone, game machine, Flash 3C, NB products and home appliances etc.) accounted for 45% of revenue, display products accounted for about 45%, other products (including infrared lamp 5%, textile etc.) accounted for 10%.

Wang Qi estimates, this year, consumer products accounted for more than 45% will be maintained, the display will be reduced to 40%, IR hopes to reach 10%.

Source: Information Times

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