Strengthen the high order backlight and Mini LED, Ronda Q2 biggest quarter by two digit revenue

Taiwan Dachang LED lextar electronics in the first quarter of this year, by season Chuzhou factory relocation costs, exchange rate fluctuations, LED decline in value, revenue and gross profit decline, the loss of small single season. As expected, the first quarter of the year should be better than expected in the second quarter bottom, first quarter, the biggest revenue quarter by two digits, the second half will be better than the first half of the year. The company is continuing the convergence of lighting products business, and strengthen the high order Mini backlight and LED layout, to improve the profit.

Located in Anhui Chuzhou new plant has been in progress into the trial production stage, and is recruiting and training, including grain production projects, packaging, playing parts and assembly of finished products, the Department of lextar following Suzhou, Xiamen, third production bases in mainland.

In order to improve the profit, Lunda will continue to adjust product mix this year, including the convergence of lighting products business, strengthen the lighting module customized design and technical services, and strengthen customer input Mini LED backlight layout, new technology development and application of high order to improve grain and package products proportion etc.. At the same time also is accelerating product development and market layout of the vehicle, sensors, biological identification, UV advanced optoelectronic applications.

At present, the backlight products accounted for the proportion of revenues of approximately 6 Lunda, lighting products accounted for about 3 of the total, other niche products accounted for about 1 into.

Although last year the gross margin rose to 14.9%, a record high of nearly 7 years, earnings per share 0.25 yuan (NT, the same below). But the first quarter of this year, Chuzhou is the traditional off-season factory relocation costs, exchange rate fluctuations, LED decline in value, single quarter revenue fell to 2 billion 648 million yuan, the annual reduction of 15.7% in 21 quarter gross margin of 12.24% low band; an annual reduction of 1.7 percentage points, nearly 5 season low; tax loss of 38 million yuan, the loss per share of 0.08 for nearly 5 yuan, a quarter of the most The downturn of the season.

In April this year, the camp back to rise to 992 million yuan, the monthly increase of 7.7%, the annual reduction of 2.4% in the first 4 months of revenue of 3 billion 640 million yuan, the annual reduction of 12.44%. The first quarter of this year is expected to be the bottom, second quarter revenue better than expected in the first quarter, the second half of the year and have the opportunity to better than the first half. As for the gross margin and profit performance, still need to continue to observe changes in product mix and LED prices, exchange rate etc..

Source: Money DJ

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