Table LED packaging factory Q3 profit, gross margin Baihong both record high

Taiwan LED packaging factory in the third quarter of this year to benefit from the Baihong LED lighting standard case, the traditional peak season project recorded revenues continued to increase, driven by the gross profit margin of nearly 6 years, the industry profit also hit single season highs in recent 5 years. Cumulative three quarter earnings per share of about $0.67 (NT, the same below), an increase of 1.5 times. With the advent of the off-season, the project is gradually coming to an end, following the October revenue cooling, pushing the overall performance of the fourth quarter will be lower than the previous quarter.

Outlook 2017, street lighting project whether there is a new case, remains to be seen. The company main product lines include SMD LED and infrared products, the future will actively towards niche applications such as market development, industrial equipment, robotics, face recognition, aerospace / vehicle lighting and so on, to help the industry performance and stability.

Baihong for LED packaging factory, the factory is located in Guangdong Dongguan Chinese, of which Dongguan gaohui photoelectric technology in LED manufacturing and supply for grain. In recent years, actively develop the application of infrared LED niche, while strengthening the promotion of lighting project business. Currently about 10% of the proportion of LAMP, SMD (the main consumer and traditional applications) of about nearly the proportion of up to, more than the proportion of infrared products into more than 4, the proportion of public projects / cases of about $2.

Influenced by the factors of single strategic restructuring, adjustment of industrial structure and LED company, operating in recent years Baihong correction, since 2012 two consecutive losses. 2015 began to change orders, customer structure adjustment strategy, improve the industry, reduce the first half operating losses in 2016, coupled with the industry interest, rent, dividend income and foreign exchange gains. The second quarter earnings per share in a single quarter since the fourth quarter of 2011, nearly 19 season highs.

Baihong in 2016 third quarter revenue 594 million yuan, quarter by 2%, the annual increase of 18%, one quarter gross margin of 21.5%, since the fourth quarter of 2010 for nearly 6 years, single quarter operating profit 49 million yuan, the highest in nearly 5 years, single season highs, but because on the season outside the industry have to dispose of interest. So the single season after tax net profit of 47 million yuan, earnings per share 0.24 yuan, still quarter by 37%.

Before the three quarter total revenues of 1 billion 653 million yuan, the annual increase of 7%, operating profit of 45 million yuan, the industry profit, increase 1.5 times after tax net profit of 132 million yuan, earnings per share 0.67 yuan, year. October revenue fell to 142 million yuan, down by $27.5%, but still an increase of 5.7%. Accumulated 10 months before the revenue of $1 billion 796 million, an increase of 7.2%.

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