Taigu Q4 monthly revenue will be the first challenge level of 100 million yuan, the biggest annual profit

The chairman of LED grain factory Taigu special assistant Liu Sanbao pointed out, Q3 listed more earnings because of inventory loss, has caused the quarter operating losses sustained, however, the company expected the worst is over, and reduce the degree of influence of inventory brightness higher specifications (1400mcd to 1500mcd) of the products have begun to cut into the customer supply chain gradually, the performance contribution from the new application of backlight is expected to gradually increase, expected this quarter monthly revenue will be the first challenge level of 100 million yuan, and will be before the end of the biggest full year profit target.

Taigu October operating benefit from part of the order delivery schedule and the deferred benefit orders will still continue weak, the company since October. Revenue rose to $95 million 730 thousand a record high level, the monthly growth of 12.5%, the annual growth of 55%, the cumulative October revenue of 730 million yuan, the annual growth of 11.7%.

But before the three quarter of Taigu cumulative net loss of 14 million 140 thousand yuan, net loss of 0.18 yuan per share, the company hopes that Q4 will surpass before the three quarter operating loss rate, to achieve full year profit target. It is reported that the current Taigu gross margin has rebounded to more than 25%, significantly better than the first half of the year, the internal continued more than 30% as the goal.

Liu Sanbao said, in fact the order was in good condition, especially the brightness better new products in the formal entry backlight applications, this part of the performance contribution is expected to gradually become more significant, the blue and green LED into full capacity continuous state, during the period of Q4 will import 1 MOCVD new machine equipment put into operation, it not only has the equipment capacity in upgrading and transformation efficiency, as in the four yuan, Taigu with yellow green light LED based products, the main display application market, this part is not affected by the off-season, is expected to import second sets of equipment.

Taigu internal expectations, in order to master the degree of continued weak, output continued to import new equipment supply, Q4 during the follow-up of monthly revenue does have the opportunity to challenge the level of 100 million yuan, or even do not rule out the revenue have the opportunity to present a trend of increasing month by month, the market supply and demand before the end of the LED also does not need to worry too much.

Source: Lean news