New customer orders to join billion light Q3 revenue is expected to rebound

LED packaging manufacturers billion light in the second quarter of this year by the weak demand for backlight, LED decline and other factors, flat. Although revenue rebounded in June, but the second quarter revenue is still reduced by 2% quarter. Preliminary estimate of a quarterly earnings per share may be close to 0.8-1 yuan (NT, the same below), the cumulative estimate of about 2 yuan in the first half of EPS. Although the second half of the season effect is unknown, but under the support of seasonal demand, coupled with Japan and South Korea backlight new customers to join, is expected in the third quarter revenue is expected to rise by less than 1 or less.

For the Department of Taiwan billion light LED packaging manufacturers, is headquartered in the forest area of Taiwan province in New Taipei City, factory located in Taiwan, and the mainland court, Suzhou, Guangzhou and other places, and held by crystal electric (2.1%) and (9.6%) Taigu equity vertical integration of upstream LED grain supply. Global product marketing, revenue growth over the past 10 years. 2014 revenue exceeded 30 billion yuan innovation, earnings per share of more than $5, but also for nearly 4 years a new high band.

However, affected by the market downturn, IT TV TV demand flat, smart mobile phone and tablet computer momentum slowed and other factors, the traditional off-season after the first quarter, second quarter revenue reduced, estimated gross margin and profit may be lower than in the first quarter. For the third quarter, the company does not have a clear estimate. Market speculation, although into the traditional peak season, but because the industry visibility is still only about 1-2 months or so, the third quarter revenue growth may be limited. 2015 revenue is still able to maintain growth trend, the pressure increased.

Everlight revenues in 2014 amounted to 30 billion 569 million yuan, the annual increase of approximately 24%, gross margin of about 24.77%, an annual reduction of about 0.2 percentage points, but the cost is decreased, so the operating profit amounted to 2 billion 640 million yuan, the annual increase of 31%, net profit after tax of 2 billion 167 million yuan, the annual increase of 47%, earnings per share 5.12 yuan, for about 4 years since 2011 a new high. Allotted 3.99 yuan per share cash dividend, is the highest dividend since 2010 nearly 5 years.

The first quarter of 2015 revenue of about 7 billion 234 million yuan, the annual increase of nearly 16%, gross margin of about 24.7%, operating profit 663 million yuan, annual growth of 36%, net profit of 701 million yuan, after tax earnings 567 million yuan, the annual increase of approximately 35%, earnings per share of 1.31 yuan, representing an increase of 3.

Following the 4, May revenue of continuous decline in June this year, the camp back rose to 2 billion 430 million yuan, the monthly increase of 10.4% years 4.1%, second quarter revenue of about 7 billion 50 million yuan, quarter by 2%, decline due to revenue size decreased and the LED predictor, lower margin, single season earnings per share estimate of about 0.9-1 yuan lower.

In the third quarter, although the effect of the season is not clear, but the seasonal demand for support, plus Japan Taiwan TV backlight lighting products add new customer orders, steady growth is expected in the third quarter results are expected to pick up, but the recovery rate is limited. Speculation in the third quarter revenue of nearly 75-78 billion yuan, an increase of nearly quarter estimate of less than, or a single season EPS have the opportunity to rise to more than $1. 2015 revenue was estimated at 29 billion 500 million yuan, an estimated annual reduction of 5%, EPS first look at $4. May be lower than last year (5.12 yuan).

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