LED backlight demand does not take off Q2 season is not prosperous

Canyuan (3061) yesterday about the temporary shareholders' meeting, canyuan chairman Jane tomoto said, originally forecast in the second quarter will be large size LED backlight demand will take off is deferred until the end of the second quarter, at the beginning of the third season, but made up in the lighting, tablet orders gap, second quarter revenue, both gross interest rates will be compared with the first quarter growth.

It is understood that the Korean panel factory recently raised product specifications, although the second quarter of Taiwan LED factory orders were quite full, but because the brightness increased, Taiwan factory can produce grain to meet the specifications of the product "very difficult", also need time to delivery.

Jane tomoto explained that last year by the market downturn, Korean panel customer LG panel shipments as expected, earnings last year substantial losses, back light demand LED TV synchronization is affected, with weak shipments from the client; at present that market demand is not obvious to warm, even LG also recently canceled visit itinerary.

Crystal electric (2448) this said, South Korean manufacturers requirements of products have a certain brightness, lower epitaxial plant products to achieve the hit rate is a certain difficulty; crystal power technology can be done, but this part of the product may yield but also to observe, as it cannot meet the requirement of the brightness of the products will be transferred to to other applications, but may not be able to pull the high price.

Canyuan first quarter size backlight is still 60~70% products to Korean customers, to influence and the development of lighting and other single tablet customers, not ready at the customer, canyuan forecast in the first quarter gross margin will be below the fourth quarter level of 20%, the first quarter accounted for TV backlight canyuan revenue is low, estimated at 30%.

But Jane tomoto pointed out that the second quarter observation lighting, tablet computer will be pushed up the two revenue growth momentum, which canyuan lighting business from a strategic partner of the East Bay (2499), and the application of market pathways, including Europe and China, and other regions, the first quarter of lighting power LED revenue accounted for about 15% in addition, if the power LED proportion is about 20~25%.

Canyuan Taiwan factory capacity in the second quarter will pull on the full, as to the investment in Yangzhou has started a small ship lucidity; legal assessment canyuan April revenue is expected to grow in March more than 400 million yuan, the second quarter revenue quarter growth rate of about 20~30%.

As for the beginning of this year canyuan and Mitsui cooperation, Jane tomoto said, and Mitsui alliance is mainly vertical integration in the industry supply chain, a backlight, lighting, Mitsui car in the product application, can help expand the product canyuan sea, this layout is non 1~2 can see the results of the season after 1 years, is expected to benefit can appear; get 2 seats in the board of directors Mitsui yesterday temporary shareholders' meeting, Shangzhi semiconductor by the original 2 seats reduced to 1 seat board.

Epitaxial plant canyuan, crystal electric yesterday (19) day stock price fell significantly, reflecting the disk is a time limit, the share price continued to break off at the end of collection of 35.2 yuan per share, EPISTAR also tumbled more than 4%, closed at 102 yuan per share.