On 2017 revenue reduction of 6.5%, LED element market share continues to expand

Yesterday (27), Lite held ", published last year (2017 years) to earnings, annual revenue of 214 billion 564 million yuan (NT, the same below), the annual reduction of 6.5%; but by the portable business group recognized institutions one-time goodwill and equipment asset impairment 6 billion 980 million yuan, plus the inventory adjustment effect of optoelectronic products, all the year gross and operating margins were 12.9% and 3.9%, net income was 2 billion 629 million yuan, compared with the previous year (2016) 9 billion 416 million yuan; annual earnings per share for 1.13 yuan, 4.05 yuan lower than the previous year.

Lite branch pointed out that last year the main core business performance is steady, photoelectric sector revenues accounted for 24%; not visible LED market growth and market share continue to grow LED components and LED car lighting and street lamps shipped smoothly; because the inventory adjustment effect, photoelectric sector revenue reduction of 7%.

2017 is the bottom of Lite branch, estimated in 2018 will return to normal level.

Looking to the year operating performance, Lite group vice chairman and chief executive Chen Guangzhong said: "this year, the industry's performance will be better than last year, and the second half of the operation opportunity is better than the first half." In the gross margin, have the opportunity to increase by about 1 percentage points.

The Lite group vice chairman and chief executive Chen Guangzhong

Chen Guangzhong pointed out that the first quarter will be the core business and stable development, such as LED components, outdoor lighting, such as cloud computing performance is relatively stable. In the camera module, the fourth quarter of last year because of manufacturing quality problems in recent years, in the low tide, but it goes well, the second quarter of this year will be compared with the first quarter, the first quarter of this year than in the fourth quarter of last year, the opportunity to take 380~400 billion yuan revenue, if can do such a scale expected profit.

LED more information, please click on the LED network or the WeChat public account (cnledw2013).