Small size LED backlight shianyih electronic cabinet factory

Taiwan shianyih electronic (3531) in the face of small size LED backlight market prices decline, can still maintain high gross margin, not only manufacturers support, and show the operating depth. The company was founded in 1979, when the capital of 6 million yuan, and then put into the manufacture and sale of LED light emitting diode and display, and then expand the product line to various types of optoelectronic components. In addition, maker of shianyih electronic or 1998 first generation iPod panel light guide plate, a backlight module in the LED in Taiwan small and medium size in the field of maturity.

Shianyih electronic products distribution, with the largest backlight output accounted for nearly 94% of the communication products and non communication products accounted for 3:7. 2006 shianyih electronic with total revenues of 1 billion 990 million yuan, 2 billion 130 million yuan in 2007, the annual growth of 7%, while the domestic market accounted for 61%, accounting for 39% of export.

With the whole group report, the top 10 client sales accounted for the proportion of total revenue of about 75%, is the largest customer of Hongkong Truly Semiconductors Limited, the parent company is listed on the Hongkong Stock Exchange Ltd. (SEHK: 0732). Second customer is the Japanese manufacturer SeikoWatch-and-Learn Instruments Inc, 2006 year of shianyih electronic group to purchase a total amount of 191 million yuan in 2007, before the first half continued orders, accounting for shianyih revenue ratio of 10.53%, the amount of 110 million yuan. SII production base is located in Guangzhou China, backlight module supplier shianyih electronic is the only taiwan.

Shianyih in Taiwan's largest customer for panel makers Innolux, the first half of 2007 to shianyih group purchase accounting for 9.22% of revenue, the amount of 96 million 380 thousand yuan. The future will actively expand the international line display module customers, hoping to import the 5 major mobile phone brand supply chain, becoming the world's largest supplier of small and medium size backlight module.

In the gross margin, 2005 and 15.51%, 15.96% and trade Kneip Dayi 7.31% radiant compared to 26.49%, shianyih electronic tends to lead. In addition, in 2006 the gross profit margin than the top 1 manufacturers, more than nearly 20%. As for EPS, shianyih electronic in 2006 earnings per share of 4 yuan of above, and be roughly the same share in 2007 by a radiant, and also maintained at 4.86 yuan.

At this stage the market presents the downward trend in ASP, 2005, 2006 and the first half of 2007, the average sales price of backlight module shianyih electronic group with color displays, respectively 51.94 yuan, 43.33 yuan and 41.89 yuan; the price pressure, shianyih will gradually to larger size sales specifications of mobile, the first half of 2007 more than 2 inches aircraft sales proportion increased from 34.82% in 2006 to 65.67%, which makes the whole color display with the average price fell down backlight module.

Source: LEDinside