Strengthen the higher-order backlight and Mini LED, Longda Q2 revenue spell up two digit season

Taiwan LED large factory Longda electronics in the first quarter of this year by the off-season, Chuzhou factory relocation costs, exchange rate fluctuations, LED fall, revenue and gross profit declined, a single season small losses. Legal person expects that the first quarter should be the bottom of the year, the second quarter is expected to be better than the first quarter, the revenue season increased by two figures, the second half will also be superior to the first half. The company is continuously converging the lighting product business and intensifying the higher-order backlight and Mini LED layout to improve profit.

The Chuzhou new factory in Anhui has now entered the trial production stage according to the progress, and is carrying out the recruitment and training of talent. The production project includes grain, packaging, parts and finished product assembly. It is the third production base in mainland after Suzhou and Xiamen.

In order to improve the profit, Longda will continue to adjust its product portfolio this year, including the convergence of lighting products, the customized design and technical services of the lighting module, the strengthening of the layout of the backlighting customers, the development of new technology such as Mini LED, the increase of the high order grain and the proportion of the packaging products, and so on. At the same time, it is also accelerating the development and market layout of vehicle, sensor, biometric, UV and other advanced photoelectric applications.

At present, back light products account for about 6 of the proportion of the revenue, the proportion of lighting products is about 3, and the proportion of other niche products is about 1.

Although the gross profit rate rose to 14.9% last year, a new high of nearly 7 years, the earnings per share were 0.25 yuan per share (NTD, the same). But this year, the first quarter of this year was affected by the traditional off-season, Chuzhou factory relocation expenses, exchange rate fluctuations, LED falling prices, single quarter revenue to 2 billion 648 million yuan, annual decrease of 15.7%, a new low of 21 quarter band, gross profit rate 12.24%, annual decrease of 1.7 percentage points, after tax losses 38 million yuan, losses of 0.08 yuan per share, for nearly 5 seasons to the most A sluggish season.

In April this year, the recovery of the camp was raised to 992 million yuan, the monthly increase of 7.7%, the annual decrease of 2.4%, the first 4 months revenue of 3 billion 640 million yuan, and the annual decrease of 12.44%. It is expected that the first quarter should be the bottom of this year, the second quarter revenue is expected to be superior to the first season, and the second half of the second half is better than the first half of the year. As for the gross interest rate and profit performance, we still need to continue to observe the changes in the product portfolio and the LED price trend, the exchange rate and so on.

Source: Money DJ

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