East Bay June consolidated revenue of 603 million yuan (about 120 million yuan), the first half of the cumulative total revenue of 4 billion 530 million yuan (about 905 million yuan), compared with growth of 14% over the same period last year, according to a recent LED market slump, the East Bay should be a short-term phenomenon, the end of the second quarter demand has bottomed out, the lighting demand in the third quarter in the backlight and lighting products, the monthly increase in demand, the LED industry is expected to restore growth.
East Bay said that in June the overall revenue is mainly affected by the European lighting giant Philips low-cost clearing the old stock market continued to influence, wait-and-see atmosphere, estimated that this is only short-term market disorder, the third quarter orders to return the East Bay visible; say, Philips to sell the old stock, at the same time support and vigorously promote the half cycle of LED low light bulb, close to the traditional energy-saving light bulbs (CFL) provide retail prices to consumers, and the supply and demand fluctuation on the overall lighting market, the East Bay optimistic attitude.
Because half of the week price compared to the traditional LED light bulb energy-saving light bulbs (CFL) is very competitive, the average family can easily afford, so LED can replace the traditional lighting lamp further pointed out, the East Bay, will be ahead of the launch of high price in the third quarter, and more new architecture products cost competitive advantage, for should the rapid changes in the market, the second half of the estimated there will be rapid growth.
Donper said, the global LED lighting penetration as of early this year, only about 10-13%, "since there are international companies willing to support, Torgovnik estimation the second half of the LED lighting penetration is doubled, equivalent to a year can create new 10~12 billion light bulb needs, so the recent LED market slump should be a short-term phenomenon, the end of the second quarter the demand has bottomed out.
Lighting demand outlook for the third quarter, the East Bay, as to the annual revision of the new wave of lighting conditions, product sales cycle will start from the beginning of the second half, in fact, market sentiment has become clear, and the third quarter in addition to bulb lamp, lamp and lamp and other new products such as new orders taking over, in the third quarter, backlight and lighting products demand monthly temperature increasing, LED industry revenue is expected to restore growth momentum.
Dong believes that due to the overall second quarter revenue growth over the same period last year, in the case of a better product mix, gross margin will be better.
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