Q4 operating pressure is still expected to push the next big crystal killer applications

LED chip manufacturers EPISTAR since the second quarter of this year has received display market inventory adjustment, correction, backlight panel business demand, the rapid decline, and lighting products, new capacity out of lead to LED pile up in excess of requirement and other factors, the second quarter of 2015 capacity utilization fell to 7 into the water, not only revenue and gross margin decline, the industry turn. Tax is a small loss.

Although the company actively updated product / chip design in order to improve the profitability, but the specific benefit remains to be seen. At the beginning of the third quarter revenue estimates may be compared with the previous quarter, continued reduction, industry profit and high difficulty. Outlook for the fourth quarter, although the end of the year there will be a new production of lighting products, but because of the visibility of the backlight orders is still not high, coupled with the problem of excess production capacity LED unsolved, the fourth quarter of the estimated operating pressure is still large.

Crystal electric in the second quarter of this year revenue of about 6 billion 770 million yuan (NT below, equivalent to approximately RMB 1 billion 330 million yuan), quarter by 2%, the annual reduction of 18% business losses of 323 million yuan (equivalent to approximately RMB 63 million 440 thousand yuan), then turn to, since the second quarter of 2014 in the 5 quarter for the first time after tax loss. Accumulated 8 months before the company's total revenue of about $17 billion 446 million (equivalent to about RMB 3 billion 426 million yuan), an annual decrease of 11.57%. Forecast September revenue has the opportunity to rebound, the overall third quarter revenue estimated 62-64 million (equivalent to approximately RMB 12.18-12.57 billion yuan), estimated 1 quarter cut into the industry, estimated continued losses, outside the industry to see how the financial evaluation of interests and exchange gains.

In addition, EPISTAR said that next year will launch killer LED lighting solutions, and then with a market share of the first advantage to attract foreign investment, foreign pay, fearless crystal electric 17 will perform this operation for six consecutive days of layoffs, buy more than 10700 zhang.

Foreign executives said that when a company's life cycle or external competitive environment changes, and even the key technology changes, human resources to follow, so the organization of the positive adjustment of crystal electricity.

The day before the market came to crystal electric layoffs, but according to public information statistics of foreign stations, recently back Bujing electricity has been bought over six days, the cumulative buy 10703 tickets, buy foreign yesterday over 696, the share price 29.15 yuan, crystal rose 0.2 yuan.

EPISTAR deputy general manager and chief spokesman Zhang Shixian said that the recent and foreign circles are focused on discussion, foreign investment opportunity crystal electric next year, and to understand the short-term overcapacity, the crystal electric development of the most positive view of next year.

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