LED boom is better than last year's estimated annual revenue of 7 billion yuan

Billion light chairman Ye Yinfu said recently about the LED boom this year than last year, the market forecast billion light year component business is expected to grow 40%, the annual revenue of about 33 billion yuan (NT, the same below, about 6 billion 650 million yuan) to 35 billion yuan (about 7 billion 53 million yuan), gross margin can be maintained for 24% to 25% per share, net profit is expected to from 6 yuan (about 1.2 yuan) - ranked LED profit king. Billion light board also through 5 billion yuan (about RMB 1 billion 8 million yuan) capital increase, will be used in the expansion of the plant and enrich working capital, indicating that the company still has confidence in the future, the relevant warrants can be layout.

Billion in March revenues of 2 billion 503 million yuan (about 504 million yuan), representing a growth of 12%, the first quarter total revenues of 7 billion 246 million yuan (1 billion 460 million yuan), the annual growth of 16.4%, better than the market expected profit last year, a record high, profit per share of more than 5 yuan (about 1 yuan), the decision of the board of directors allotted 4 yuan (US $0.8 yuan) dividend to the current share price of about 70 yuan billion (about 14.11 yuan) to calculate the dividend yield of about 5.7% is quite good.

LED before the bad news first, EPISTAR chairman LED backlight demand by one month, PHILPS LED lighting business equity's sale to Chinese Jinsha River group, recently rumored that the global second giant OSRAM will spin off LED lighting department. However, foreign chips did not cite off large billion light chips concentrated in corporate hands showed a more stable state, to display corporate billion light operating performance still have confidence, billion light twice stock price fell below the line, but with low buying emerged immediately stand back in line, it should be a line strong support, the recent share price trend to long pattern, investors can consider the stock price on back low contact DU, layout of Yushan Yushan DA, Yushan BU enjoy a larger profit band.

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