News: light operation or light off, Guang Lei good, edsson profit steady.

Q3 operation is flat, Q4 meets traditional off-season or light off.

Taiwan LED epitaxy / grain factory Guang Guang technology has completed its supervision in June this year and has been stationed in Hon Hai Group's Rong Chuang energy technology. It has continued to focus on the application of LED upstream upstream epitaxial / grain manufacturing, while strengthening the production of invisible products and putting it into Mini LED/Micro LED research and development. However, influenced by industrial competition and LED price pressure, the third quarter performance is mediocre, and the traditional off-season is coming.

At present, the proportion of red and yellow / four yuan /IR products accounts for about 5 of revenue. Most of them are used for car lighting, display, outdoor landscape lighting, safety monitoring and mobile phone face recognition. At present, the proportion of UV products is about 25%, of which UVA products can be used in the curing equipment market, UVC products can be used for sterilization of household appliances, but the proportion of UVC shipments is still low.

As for Mini LED/Micro LED, although the company has been put into research and development, the red light LED is limited by material characteristics. To achieve the higher threshold of Mini LED/Micro LED level technology, the huge transfer and detection technology needs to be improved. Currently, the blue light green Mini LED/Micro LED is progressing faster, especially the blue light Mini Mini backlight is less difficult. Mass production has been introduced.

In the first half of this year, Guang Hui's revenue was about 580 million yuan (NT $, the same below), an annual reduction of 11.7%, gross profit margin of 20%, and annual reduction of 7 percentage points. The industry's profit declined, net profit of 17 million yuan after tax and earnings of 0.17 yuan per share, or 37% per year.

Since the third quarter, the revenue has been slightly increased. In August, the revenue came to 103 million yuan, a monthly increase of 0.7%, but the annual reduction was nearly 7%. The accumulated revenue in the first 8 months was 780 million yuan, with an annual reduction of 10%. The company estimates that the third quarter revenue may be similar to that of the previous quarter. The fourth quarter is likely to fade when the industry slack season and LED continue to fall.

Guang Lei sensor components shipped prosperous, medium and long-term operation to better

Taiwan LED supply chain lock niche market transformation, of which, the light is aimed at high technology threshold and high product line transformation. Among them, the sensing component market is a bright and strong layout direction. Since September, the stock market has reached 5338, and has also promoted the recent strong share price performance.

Guang Lei accounted for about 44% of the sensor revenue in the second half of last year. Since this year, the components and shipments of sensor components have been fully loaded. After the company's capacity expansion, the proportion of sensing products now accounts for about 50% of revenue. The main application markets are car LED lamps, truck lights and other car market. In addition, there are wearable devices such as smart watches and smart bracelet. The market legal person is optimistic. In the future, the popularity of artificial intelligence will continue to increase, and the demand for sensing will only increase. Therefore, shipments will continue to benefit in the next year.

Alsson adjusted the product portfolio to work, and Q3 made a steady profit.

AI LED, a packaging plant in Taiwan, has strengthened product mix adjustment this year. It not only improves the proportion of lighting modules, and fades out of the TV backlight business, but also actively develops vehicle lighting and enters the supply chain of OEM lamps in Europe and the United States, so that the overall operation condition is mildly improved. Among them, the third quarter revenue may be slightly lower than last month, but product mix optimization is expected to further increase gross profit margin, corporate profits are still stable.

In the past, alsson supplied high power LED packaging components to the lighting and backlight area, and the main sales areas were mainly in Asia, Africa and other emerging markets. Affected by the fierce competition in the industry, the supply mode and customer structure have been gradually adjusted in order to improve profitability.

On the one hand, the company can increase the proportion of the lighting module and optimize the product profit by participating in the customer design. On the other hand, we should strengthen vehicle lighting product lines and actively increase the proportion of European and American customers. At present, the proportion of European and American business revenue has increased from only 2 to less than 3. In order to win the replacement of LED lighting in emerging markets, it also strengthened the layout in the Middle East, India and Africa.

In terms of automotive lighting, AI Yangzhou's opto electronics in 2017 ended its TV backlighting business, and attacked the automotive lighting market. It has shipped to European and American OEM light supply chain customers in the fourth quarter of 2017. The proportion of vehicle lighting in 2018 has increased to 25%-30%. At present, the company is actively developing the car business in mainland China. The proportion of vehicle lighting in 2019 is more than 3.

In the first half of this year, Altre had a turnover of 1 billion 435 million yuan (NT $, the same below), an annual increase of 8.2%, gross margin of 14.4% and an annual increase of 2 percentage points. Compared with the same period last year, the profits and losses in the first half of this year turned into a surplus. In the first half of the year, EPS was about 0.14 yuan.

Following a brief return in July, revenue rose to 220 million yuan in August, an increase of 4.8% over the past month and an annual increase of 20.8%, accounting for 1 billion 868 million yuan in the first 8 months and 10.79% annually. It is estimated that the third quarter revenue may be slightly lower than the previous quarter, but because of the optimization of product mix, gross profit margin may recover and profits will be stable throughout the whole season.

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