LED industry recently into revenue for April atrophy correction Jingyuan

By excess supply concerns and LED backlight panel products related to rapid price decline and other factors, the recent correction in LED industry. LED epitaxial wafer photoelectric manufacturers in November this year following the drop in revenue to 1 billion 660 million yuan, even after 3 month decline, expected December revenue is low, probably dropping 1 billion 600 million yuan level. Since January next year has not been off the traditional off-season, coupled with the Lunar New Year holiday in February and the number of days (according to the company), the fastest in 3-4 months in 2011, the results will be significantly warming. Corporate estimates, the fourth quarter of this year, electricity revenues estimated at about 5 billion yuan, the quarter minus 10%-15%, the first quarter of next year's revenue is estimated at nearly $4 billion 800 million, will be reduced by about 5% quarter.

But, despite the short term over the long term, the prospects for the development of low temperature, crystal electric still has many positive factors. Foreign firms that, even if the LED backlight product price pressure will continue in 2011, but due to crystal electric lighting business continues to expand, and gradually get rid of the backlight products low margin combination, plus pricing ability is better, is expected by the negative impact may be smaller.

In addition, crystal electric recently with ToyotaGosei Japan LED manufacturers to set up a joint venture company to expand cooperation, will also help to obtain a broader market crystal electric business, and for the long-term growth of crystal electric space provides a good business platform. As for the day before and Chinese crystal electric electronic information industry group established a joint venture company, will also operate crystal electric within the next few years, adding a positive long-term theme.

But in the short term by the traditional off-season, coupled with the demand for LCD TV backlight is a strong rebound in customers, year-end inventory, crystal electric in November this year following the drop in revenue to 1 billion 660 million yuan, 3 consecutive months after the loss of temperature, corporate estimates, crystal December revenue and low, may be 1 billion 600 million yuan into a month reduction of less than 5%, but still more than 20% years. Making the whole fourth quarter revenue reached 5 billion yuan, representing a decrease of about 10%-15%.

Profit, market expectations, crystal electric in the fourth quarter of 2010 one quarter gross margin will decline, the capacity utilization rate of product prices, and dropped to below 35%, the fourth quarter single quarter profit reduced to 1 billion 500 million yuan. In the current share capital of about 8 billion 475 million yuan, the fourth quarter earnings per share of about $1.7, compared with the previous quarter earnings per share of more than 2 yuan shrink. Annual profit of up to 6 billion 100 million yuan, earnings per share of up to $7.