Commercial lighting and professional lighting force, ledlink trading this year is expected to stabilize

The two optical lens / semi ledlink optical module factory in recent years focus on niche application lighting market and continuous adjustment of product portfolio and the development of lamp products, although by customers pull goods and mainland demand than expected impact on revenue is mediocre, but because of depreciation reduction, cost improvement, gross margin is still. Two years of continued ascension, last year's gross margin stood at 43.7%, a record high of nearly 5 years. At the beginning of this year should be steady operation.

The first quarter of this year by the Lunar New Year holiday, single quarter revenue fell to 290 million yuan (NT, the same below), quarter by 7.67%, but the annual increase of 1.77%. Forecast in the second quarter recovery in the number of working days, revenue is expected to return to temperature.

Ledlink for plastic optical lens suppliers, specializing in optical design, mold manufacturing, plastic molding technology, mainly used in all kinds of industrial and medical products, performances and other professional lighting and commercial lighting, smart lighting, outdoor lighting, lights and so on. Among them, the two optical lens revenue accounted for about 8, including the proportion of tooling and module products for about 2.

The original company actively towards lamp product development, is also very optimistic about the development of new products was related to LED light lights, is the main reason, because the temperature is low, can use plastic lens to improve the headlight design, ledlink to enter the mainland and South Korea customer supply chain. But by the impact of industrial restructuring, lamp optical design requirements is not high have been light factory integration within the system, so the revenue contribution is yet to be pulled up.

As for the existing main applications include commercial lighting, professional lighting market, the company will continue to adjust product mix, customer structure, hope to balance the scale of business revenue and profit margins.

Ledlink optical 2017 revenue of about 1 billion 234 million yuan, the annual reduction of 7%, but the gross margin rose to 43.73%, the annual increase of 2 percentage points, is the main reason to reduce the depreciation, cost improvement, operating profit 177 million yuan, net profit after tax of 145 million yuan, earnings per share 2.79 yuan, the annual increase of 2% for the highest level in nearly 4 years.

Source: MoneyDJ

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