The second half billion light heating operation, or the annual profit fell

The Department of Taiwan LED packaging manufacturers billion light year second quarter revenues and profits are better than last season, but lower than the same period last year, with the main product portfolio adjustment, price competition, new capacity benefit remains to be revealed, the first half of the cumulative earnings per share of about 1.56 yuan (NT, the same below), the annual reduction of 23.5%. The second half is expected to push up in the traditional peak season, revenue and profit have the opportunity to go higher than the first half, but because the first half of the base period is low, that the annual profit may decline compared to last year.

For the Department of Taiwan billion light LED packaging manufacturers, by mainland competition, billion light in recent years to actively adjust the product mix, the biggest stable gross margin. But this year the second quarter gross margin fell to 22.7% years, still less than 2 percentage points. The main reason may be larger, and the pressure of backlight and lighting application of bulk product price competition product mix adjustment and new production efficiency remains to be revealed and other factors.

The company focuses on the development of cautious orders, give up low margin products and continuously reduce the traditional backlight and lighting products revenue, and strengthen the development of automotive lighting, flash, display billboard and not visible products such as niche market. Among them, the car from the direction of lighting lamp, Chauchi Terua, dashboard backlight, atmosphere lamp, rear to front lamps and other products have layout.

But for automotive products business development, billion light investment in the construction of new factory in Miaoli, and has finished in the second half of 2016, and began production in 2017.

Billion light in the second quarter of this year rose to 6 billion 990 million yuan, the camp back quarter by 4%, but the annual reduction of 1.8%, one quarter gross margin fell to 22.7%, the annual reduction of 2.4 percentage points, single season earnings per share of about 0.85 yuan, the annual reduction of 16%. The first half of the cumulative earnings per share 1.56 yuan, the annual reduction of 23.5%, diluted earnings per share of 1.34 yuan.

Expected in the third quarter, the traditional peak season push up, have a chance to return to the single quarter revenue 7 billion yuan, but because the first half of the base period is relatively low, estimated annual revenue may be slightly lower than last year, profit estimated annual reduction of two digit amplitude.

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