Order visibility visibility, LED downstream business performance

Order visibility slightly extended, LED plant performance warming. Downstream manufacturers Baihong (3031) exceeded three hundred million yuan NT mark, the East Bay (2499), Wang Qi (6168) month growth rate reached 30%.

Baihong March revenue of 307 million yuan, the monthly increase of 24.7%, total revenue in the first quarter of 393 million yuan, compared with the same period in 2008 reduced by about 30%. Baihong said, April orders of more than 270 million yuan, since the capacity utilization rate above 70% in March, but now many street enquiry, to test the single, light source, lighting system has. Street lamps accounted for the proportion of revenue in 2009, an opportunity from only 5% in 2008, up to two digits.

East Bay March revenue is better than expected, reaching 232 million yuan, the monthly growth of 36.3% in the first quarter revenue of $524 million, an annual decline of 36.4%. East Bay believes that the LED boom has been turned from the bottom, due to the lower reaches of the lower reaches of customer inventories, orders demand significantly reflux. Mobile phone backlight products, shipments increased 50% from the previous month, small and medium size backlight, also began to delivery, lighting products appear long single, showing increasing demand. Estimated quarterly revenue growth rate of second quarter up to 50%.

Acer Qi March revenues of 206 million yuan, up by an increase of $39% in the first quarter revenue of $475 million, compared with the same period in 2008, a decline of 38.7%. Hong Qi said that in March the main revenue is still white card mobile demand driven, the current capacity utilization rose to about 60%. April single condition is better than in March, the mobile phone is still the main growth. Order visibility has been stretched, but less than a month, it is not possible to determine whether the entire supply chain began to recover.

Looking forward to the second quarter of the market demand, the industry believes that China's home appliances to the countryside and 3G mobile phone policy promotion, are conducive to small and medium size backlight demand. Industry pointed out that the current visibility of the order is slightly extended, about three weeks or so, but still can not be determined as a stable order, in April received a single situation has reached 80% of revenue in the short term, optimistic.