Understand the operation of the plant

Billion light Q2 may return to the temperature; but the amplitude estimation is limited

LED packaging manufacturers billion light in the first quarter of 2016 by the off-season, LED decline and the impact of the Spring Festival, making single quarter revenue may be lower than the previous quarter and the same period in 2015. The second quarter is expected to improve, but because of the mobile phone products and TV backlight kinetic energy is limited, although the continued growth of lighting, the price is still pressure, it is estimated that the recovery rate is not.

Billion light in 2016 is expected to slow the growth of the business may be more difficult than in 2015. Because of the wisdom of the mobile phone market slowed down, the demand for television is calm, coupled with the continued reduction in the amount of LED backlight in the TV, the estimated backlight product shipments may be stable or slight decline. Although shipments of lighting products is expected to maintain two digit growth, but the product price pressure, profit contribution depends on product mix.

As for the application of infrared business support in the application of the device, the performance is expected to be flat or slight growth in 2016. In addition, the lighting project, the outside world may have a chance to get a light in 2016, Taiwan street lamp case, but the revenue recognition time points must be observed.

For business development of new products, new factory billion light Causeway is expected in 2016 the introduction of future production, automotive lighting, outdoor lighting, lighting, lamps are brand situation in Taiwan, Yuan Li and Gong factory in Guangzhou, Suzhou, the bulk of foundry production.

The lawsuit, billion light in 2012 Nichia white LED U.S. Patent No. US 5998925 and US 7531960, filed a patent invalid and non infringement advocates in the United States District Court for the Eastern District of michigan. The two patents were YAG phosphor used for LED and phosphor concentration related patents. Billion light received on January 19, 2016 a judge dismissed, Nichia requested a new trial request, the jury decided in April 22, 2015, once again confirmed right Nichia proposed all invalid.

For Nichia in March 24th issued a press release on its website, in China Beijing intellectual property court filed a patent lawsuit (China patent No. CN 97196762.8 and CN 200610095837.4), the two China patent is the one of Nichia white LED patent family, the two China billion light that patent, will assist the dealer put forward counter.

Billion light for LED packaging manufacturers, is headquartered in the woods, the factory located in Taiwan, Suzhou, China court, and Guangzhou, and held by crystal electric (1.8%) and (9.7%) Taigu equity vertical integration of upstream LED grain supply. Estimated in 2016 the proportion of nearly 3 of the lighting, backlight proportion estimates 20%-25%, invisible light about 15%-20%, other applications about 3 into.

Billion light in the first quarter of 2015 revenue came to 7 billion 440 million yuan (NT, the same below), the season increased by about 5%, an annual reduction of about 8%. The company estimates quarterly earnings per share of about 1 yuan. 2015 revenues of about 28 billion 819 million yuan, an annual reduction of 5.86%, the annual EPS estimated at about $4, an annual reduction of about 2, but is still nearly 5 times higher. 2016 1-2 month cumulative revenue of about 4 billion 513 million yuan, an annual decrease of 4.84%. First quarter revenue may be lower than the previous quarter and the same period in 2015.

The new century last year, a loss of 5.75 yuan per share Q2 back temperature

LED epitaxial plant in the new century to announce the annual consolidated gains and losses, the annual revenue of 2 billion 560 million yuan, compared with 2014's $4 billion 57 million fell by 49.22%. The annual loss of 5.75 yuan per share, compared with the year of the year to earn a small profit of $0.38, compared to profit from the loss of $2014. Conversion in the fourth quarter of last year, a loss of 2.98 yuan per share.

LED industry last year by the mad mad sell-off, backlight demand saturation double blow, the upstream epitaxial crystal factory miserable. Following the leading epitaxial crystal electric announced last year loss per share of 2.81 yuan, in the new century Taiwan factory epitaxial brother also fall into the hardest hit.

The new century, said last year, the loss of expansion, mainly two losses occurred. The first is the elimination of the old epitaxial crystal machine, the provision of assets impairment of 200 million; followed by the sale of inventory losses last year, the magnitude of the decline in grain prices, sales inventories recognized a loss of $650 million. The current inventory level has dropped smoothly, a decrease of 4 over the same period last year.

The new century pointed out that in the second quarter, the operation began to return to warm. This year's goal is to sprint wafer level packaging (CSP) new product performance, the biggest increase in gross margin. The new century has to Chinese lamp market customers, this year will continue the shipments; CSP terminal application also includes commercial lighting such as lights, special lighting such as a flashlight, the market has warmed signs. At the same time this year, the new international line of epitaxial large crystal foundry business, second quarter revenue is expected to increase by more than 1 quarter.

Thanks to the LED and car lighting, 2015 Lite EPS reached 3.11 yuan YoY 12%

Lite on technology held on 25 in the fourth quarter of 2015 that will benefit, power management system, optoelectronic products and storage equipment for use in promoting cloud computing, LED lighting and mobile device applications, the fourth quarter revenue of 57 billion 750 million yuan, quarter by 3%. Thanks to the effective supply chain management and improve operational efficiency, the fourth quarter net income of 2 billion 510 million yuan, net profit of 1.08 yuan per share, a record high since the 8 quarter; sales gross margin and operating margins were 13.8% and 5.1%, the annual increase of 2.9% and 2.7%.

Thanks to the power management system, photoelectric products, LED lighting applications in the cloud and gaming market growth, and mobile phone related business performance improvement, technology 2015 global consolidated total revenues of 216 billion 930 million yuan, gross margin and operating margins were 13% and 4%, the annual increase of 0.8% and 0.9%; net income is 7 billion 223 million yuan, net income per share was 3.11 yuan, the annual growth rate of 12%. Through active working capital management, plus net cash flows from operating activities,