Seoul semiconductor performance in the two quarter, the strong growth of automobile lighting business

On the 27 day, the leader of the design and manufacturing of the LED market, the Seoul Semiconductor Corporation (Seoul Semiconductor), disclosed its performance in the second quarter of 2018. 2Q18, the company realized the combined income of 290 billion won (RMB 1 billion 721 million yuan), which was in line with the expected target (2800-3000 billion won), and achieved the operating income of 18 billion won (RMB 107 million yuan, tax interest depreciation and amortized profit (EBITDA) 45 billion won (about 267 million yuan).

In the second quarter, sales of the television sector increased substantially over the same period, and the third quarter is expected to continue to grow; sales of mobile services are expected to grow substantially in the third and fourth quarters, prompting their IT sector sales to continue to maintain high growth rates since 2017.

Car lighting sales in all regions also showed strong growth. The company's non - packaged Wicop products for automotive headlights have been further promoted, and foreign carmakers plan to use their technology in the bulk of the cars produced next year and in 2021.

The operating profit margin of the second quarter was 6%. The company expects a further stabilization of its new Vietnam plant to increase its third quarter utilization to meet demand in the peak season and improve profitability.

Seoul semiconductor is expected to achieve sales of 3000-3200 billion won in the third quarter, and year-on-year growth.

Sangbum Kim, the chief financial officer, said that although the season is weak, the company's sales are still 9% annual growth this quarter, and it is expected to continue this growth in the rest of the year. Wicop and Acrich have increased utilization, and Vietnam's factory, once fully established, will help improve utilization and challenge record sales again last year. (compiled: LEDinside Nicole)

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