LED upstream sapphire substrate factory Tera, trillion far, crystal beauty announced Q3 revenue

The day before, upstream of the LED sapphire substrate factory Zhaojing (4969), (4990), Jingmei Zhaoyuan (4944), Jia Jing branch (5242) have Q3 revenue, including Zhaojing September revenues of NT $110 million yuan, the monthly growth of 4.48%, Q3 revenue fell to 367 million yuan, 50% quarter September revenue decline; crystal beauty 83 million 370 thousand yuan, the monthly growth of 12.53%, Q3 also fell to 311 million yuan, the 59% quarter decline; Zhaoyuan single quarter revenue 380 million yuan, 39% quarter decline; Sinopec recruits Jia Jing branch (5242) Q3 revenue is only 80 million yuan.

Q3 sapphire prices continued to plummet, about 2 inches when a price from the end of June 20 to 23 U.S. dollars, down to the end of September 10 to about $12, the price cut under the dilemma that Zhaojing, Zhaoyuan (4944), Jingmei Q3 single quarter revenue decline rate as high as 3 to 6.

Industry said that the substrate industry in October revenue is expected to grow, Q4 gross profit will be better than Q3. The substrate industry said that many large short single effect epitaxial plant still remains to be seen, but at the end of Q3 inventory digestion has been almost, is expected to establish inventory slowly pull goods, but also because the inventory and dispel the gross profit by quarter increase.

Corporate estimates, substrate industry earnings of fear Q3 and Q2 will be the same as continued losses, the eutectic and Q2 to play more megabytes of inventory loss should be clean, Q3 is expected to shrink, while the crystal beauty because of inventory is still large, Q3 earnings fiasco.