Ronda Q3 overall losses, but returned in March revenue next year

LED manufacturers lextar electronics since the fourth quarter by the backlight product shipment peak has passed, monthly revenue trend gradually decline, but because of lighting applications remained supportive, estimates of revenues in the fourth quarter may be slightly lower than last season. 2016 revenue decline is limited, after tax loss pressure is not small. As the Lunar New Year approaching, the first quarter of 2017 is expected to remain in the traditional off-season, the fastest in March after the revenue should be able to return to warm.

The president visited lextar electronics cleanroom production line Photo Credit: lextar Electronics

The company continues to adjust the product mix in order to improve the performance of profit and loss. Among them, the proportion of integrated light gradually pulled up, has accounted for about 3 of the overall lighting product revenue, the new board lights to join the control and dimming functions to meet the needs of customers in the application of intelligent lighting control. Application part, Lunda Core series LED packaging products, the use of one-stop homemade coated wafer (Flip Chip LED), with high brightness and high optical density and other characteristics, suitable for automobile and motorcycle headlamp, has scored after the car headlights heavy machine market.

For the BenQ group's Lunda LED manufacturers, production of one-stop production supply model of vertical integration from LED to LED packaging grain production base in Taiwan, Hsinchu, Suzhou and Chinese Chunan. The main customers for the early group enterprises, and to light, after the adjustment, the proportion of revenues dropped to 55%-60% backlight, lighting to enhance the proportion of 40%-45%. Another cooperation with the United States CREE CREE foundry power LED.

By the development of new technology and product development business to invest resources, development costs increase and other factors, the company in 2016 three quarter revenue is only 1.5% years, but the industry and a net loss after tax. Third quarter due to the continued adjustment of the product mix, the single strategy carefully, revenue is still a slight decline, after tax continued losses. Estimated annual revenue of a slight recession, after tax loss pressure is not small.

Lextar 2016 third quarter revenue 3 billion 470 million yuan, an annual reduction of 1.5% quarter by 3.7%, gross margin increased to 12%, quarter by 4.4 percentage points, the annual increase of 3.5 percentage points, operating profit 28 million 890 thousand yuan, the industry profit, single quarter net loss of 32 million yuan, the loss per share of 0.06 yuan, compared with the previous quarter, the overall losses are also reduced. Accumulated three quarter revenue of $10 billion 456 million, an annual decrease of 1.54%, after tax loss of $173 million, or a loss of $0.3 per share.

Following the decline in revenue in November, revenue continued to fall to 1 billion 139 million yuan in October, reduced by $0.2%, an annual reduction of 2.46%, the cumulative total revenue of about $12 billion 735 million in the first 11 months, an annual decrease of 2.75%. Estimates for the fourth quarter of 2016 revenue may be slightly lower than the previous quarter and the same period in 2015.

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