Q3 or Q2 crystal electric revenue wins, breakthrough MicroLED technology investments. Neptunium

Taiwan LED chip manufacturers EPISTAR August this year revenue stood 2 billion 332 million yuan (NT, the same below), the monthly increase of 3.7%, the annual increase of 5.3%, the highest in nearly 28 month high band. The company, mainly due to continued production and plant full of blue light, lighting demand driven by four yuan LED heating demand. Although the cumulative revenue is still 8 months before the year by 0.3%, but the estimated third quarter revenue opportunities than last season and the same period last year, gross margin and industry as well as to improve the space.

In addition, the new state MicroLED display technology import that wearable device application samples have been released, because MicroLED must use RGB LED epitaxial crystal electric current, is the world's largest four yuan red LED epitaxial manufacturer, and has the ability to supply global RGB LED epitaxial manufacturers only crystal electric and OSRAM, coupled with market rumors of apple active layout MicroLED, is possible before the end of this year will run a small screen MicroLED related products, is generally believed that if MicroLED successfully entered the production phase, crystal electric will benefit from the long-term development trend of MicroLED.

General LED chip comprises a substrate and epitaxial layer, Micro LED Display is to RGB RGB LED epitaxial layer of micron to be stripped, through the huge amount of transfer (mass transfer) process to transplant the glass backboard and circuit substrate. On a single chip pixel (pixel) to form a high density matrix screen, replace the OLED luminescent materials. The LED light emitting element and high efficiency, stable structure and long term than OLED simplified and more cost advantages, make the development of niche Micro LED emerge.

The current MicroLED technology development bottleneck is that manufacturers must integrate RGB epitaxial on the same substrate and the back plate, and the Micro LED process equipment precision, can accurate enough to RGB LED epitaxial transfer to the target. Recent news, crystal electric invested in a micro neptunium LED epitaxial massive transfer technology has been a breakthrough, let MicroLED samples, baked into mass production time point of view.

EPISTAR is currently the world's largest supplier of four yuan red LED, also in the top three manufacturers of blue LED. The second quarter of this year to benefit from the blue LED in the high order TV backlight, mobile phone flash and so on new electronic products support, capacity utilization rate reached full, one quarter gross margin stood on the 20% hit a new high of nearly 2 years, a single quarter operating profit of 621 million yuan, single season earnings per share 0.69 yuan, a total of about half year EPS 0.42 yuan.

Keep the full load rate in the blue field, recently again to four yuan plant lighting needs LED shipments for heating, pushing up revenues in August hit a nearly 28 month high band, expected September revenue is still stable, the overall revenue in the third quarter is expected to be slightly better than the previous quarter and the same period last year, gross margin and industry may still have space to improve.

As for Lei chip VCSEL laser, outside the company has to undertake the Taiwan area laser packaging factory orders, and to four yuan, machine production used in 3D sensing and biological identification of related products. The China, LED vendors including ao'yang, Shunchang Sanan optoelectronics, HC semitek LED Dachang new capacity in the second half of the year from 2018 will have much impact on the market? It remains to be seen.

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