Q3 crystal electric heating, Q4 light, the main Mini and VCSEL LED next year

The fourth is EPISTAR backlight turned pale, blue LED cooling demand, October revenue decline. But the company said the plant lighting, automotive products shipping good, four yuan LED ratio may be increased to 4, the overall performance in the fourth quarter is not bad. The estimate of revenues in the fourth quarter quarter may be reduced into 1 or so, but a single quarter profit may be high in recent years, the annual EPS will be the best performance in recent three years.

Next year, the next two years crystal electric key projects include Mini LED and VCSEL, is expected to continue production in the new product will be first half of next year, add energy for operation. In addition, the development of crystal crystal electric lighting company investments (Xiamen) formal plans listed in 2018, at present the development of crystal lighting (Xiamen) capital of approximately 56 million yuan (NT, the same below), crystal electric stake of about 27%, the largest shareholder of the company for electricity, the main production of LED grain, application in the backlight, lighting and so on.

EPISTAR general manager Zhou Mingjun said, the next few years, including the backlight, lighting, automotive, IR, display and other five special application field is still the next few years the most important crystal electric products market. Although the backlight is already saturated, but there are new products in the launch, like the CSP chip packaging products for Mini backlight, LED backlight CSP products import, which is the advantage of crystal electric and opponents of different.

With the crystal electric CSP chip level packaging technology, can meet customer requirements for the light type, the current CSP products are mainly used in TV backlight and mobile phone flash, shipment volume this year. Korean customer expected next year CSP LED backlight will be shipped this year than doubled.

RGB is also one of the advantages of the electric crystal. Zhou Mingjun stressed that the company is in four yuan / red LED ink has been a long time, has the advantage in the development of Mini LED LED, because the red light is the key. Four yuan / red LED epitaxial on opaque substrate, long after the completion of crystal back on the transparent substrate, when the Mini LED small chip size package, end yield a lot of difference, red LED price is currently almost two times the blue and green LED.

However, EPISTAR stressed that according to the cooperation with customers to develop feelings, the future Mini LED to be competitive, especially the price competitiveness, may be Mini LED a decrease in the number of about half of the cost will be more efficient, is expected before the end of 2017 to complete the design of the second quarter of 2018, a small amount of production.

VCSEL sensing function in the apple iPhone, after introducing 3D become red issue. Zhou Mingjun said, the crystal electric, VCSEL and four yuan LED, the same material of epitaxial growth process is similar, only the VCSEL structure is more complex, but it is more than 20 years ago, some crystal electric technology, crystal VCSEL development is a very natural thing, this technology is relatively mature in crystal electric. VCSEL is not a new product, but new applications make it much attention. VCSEL epitaxial to very uniform, this will affect the final yield and quality, competitiveness.

Some people questioned in the VCSEL and crystal electric competitors compared to what are the advantages? Crystal crystal electric power that, now about ten customers and certification testing, the products are mainly used in sensor and data center (optical communication). The company itself VCSEL performance with the existing manufacturers have no difference, the key is how to pull high production capacity. At present, there have been a number of 4 inch crystal electric machine for the production of VCSEL epitaxial, is expected next will turn 10 into the VCSEL platform, and will swing from 4 inches to 6 inches, the first quarter of next year should be completed capacity adjustment.

At present, the total number of MOCVD machine for crystal electric blue LED MOCVD machine more than 300 units, for four yuan LED about 60-70 in Taiwan, and 4 inches. 4 inch VCSEL epitaxial yield originally in 70%-80%, recently raised to 90%. 6 inches at the beginning of operation, the yield is not too good, about 70%, per machine per month to about 400.

The third quarter of this year in the crystal electric lighting and backlighting season plants driven by blue LED and four yuan LED shipments synchronous heating, since the single quarter revenue hit a new high of 12 quarters, one quarter gross margin in 2011 hit single season highs. Before the three quarter total revenues of 19 billion 333 million yuan, the annual increase of 1.2%, EPS of about 1.18 yuan. But by the off-season, the blue LED backlight cooling effect, October revenue dropped to 2 billion 70 million yuan, year, month minus 16.39% minus 2.9%. Four yuan LED in plant lighting, vehicle support, still having support. Estimates of revenues in the fourth quarter quarter by about 1 as possible.

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