On January consolidated revenue minus 8% months, Shijie factory fire on the profit impact will be significantly lower than revenue

Dachang electronic Lite department from node January global consolidated revenue amounted to 15 billion 600 million yuan, the annual growth of 22%, month by 8%; the high margin products in the power supply and LED revenue still show steady growth momentum, respectively over the same period last year growth of 48% and 19%.

Lite branch said that despite the Shijie plant in Dongguan due to short circuit accident electrical lines of fire after the loss, this will affect the performance of the overall revenue (display products in the proportion of total revenue is about 50%), but the display of product line of gross margin is relatively low, so the fire accident on the company's internal assessment of the relative effect of profit is very limited, and some of the production line after the completion of the assessment, and the insurance company will be identified after reforming and resuming production immediately.

Lite, pointed out that the 14 LCD screen production line in Shijie plant damaged in the fire, but other sites including LCD and TV monitors are not affected, and is expected to restore some capacity in the short term, is expected to be part of the LCD TV and monitor production line adjustment for LCD screen production line, at the same time by now stage of market demand for the off-season, chugu overseas finished inventory of about one to two months, can supply client demand, and has been in the first time to notify all affected customers as soon as possible for the fire, so as to minimize the impact.

Science has to China Lite Ping An insurance company to apply the property insurance claims, claims data and are now ready to list, the company estimated that the fire losses of about 2 billion 266 million yuan (including part of damaged plants was 247 million yuan, 671 million yuan for equipment parts, parts inventory is 1 billion 348 million yuan), is estimated to affect the overall profit will be relatively limited, and is expected to be recognized in earnings in Q2.

Source: Lean news