Taiwan factory Acer Qi 2008 Q1 operating conditions are not weak

Although the first quarter loss of up to $44 million, Taiwan LED packaging plant macro Qi (6168) is still due to a good combination of economies of scale and product mix, gross margin from the 07 quarter of first, a substantial increase to the current level of 30%. The company will distribute 1.5 yuan dividend in 2008, of which $0.5 in cash. Acer first quarter EPS quarter has exceeded the share price of up to $85 of crystal power (2448).

Wang Qi in the total gross profit growth of nearly 1 times, operating expenses are relatively increased, net income increased by 148% per year, up to 94 million 140 thousand yuan, a single quarter net profit per share (EPS) $0.57, far higher than market expectations, there are still 43.8 yuan high strength short term rewriting.

Hong Qi LED monthly production capacity increased from 450 million to 550 million, with the Chinese mainland white brand mobile phone orders back to the temperature, Hong Qi 5~6 months of this year's operating performance is expected to be weak in the short season. With the second half of the high power LED orders shipped, single month revenue is expected to challenge 310 million yuan a record high monthly record.

Acer Qi is a type of LED Taiwan SMD, its LED products are mainly used in mobile phone backlight, side light, street lights, digital photo frame, etc.. Due to the low gross margin gross margin of the phone side light source products shipped less, becoming the main reason for the significant increase in profits.

Source: LEDinside