New version of the LED bulb bulb production shipments East Bay July revenue heating

LED packaging plant in the second quarter of this year due to the United States Department of customer product specification conversion results in less than expected, the cumulative first half earnings per share of $0.93 (NT, the same below). With the new version of the ball bulb production shipments, July camp rose to 800 million yuan (equivalent to about RMB 164 million yuan). Initial estimates 8-9 monthly revenue may rise month by month, the latest revenue challenge in September 900 million yuan (equivalent to about RMB 185 million yuan), is expected to hit a new high of nearly $more than and 20 since October 2012. Third quarter revenue of 25-26 billion yuan (equivalent to about 5.13-5.33 billion yuan), the quarter increased by 2-3.

East Bay Taiwan LED packaging manufacturers, HannStar for holding the 10% largest shareholder. In recent years, affected by the substantial expansion of LED industry, market structure and competition situation changes and other factors, and the East Bay itself to adjust the product and customer portfolio, caused the operation of ups and downs. Following a loss in 2011, in 2012 into a deficit, in 2013 to maintain a small profit situation. At present, the main products include TV backlight, mobile devices (mobile phones, tablet PCs, etc.) backlight, LED bulb, LED straight tube lights and so on. Among them, more than 4 of the proportion of TV backlight weighing more than 2, the proportion of the backlight backlight device into nearly, the proportion of about more than 2 lighting.

Although the second quarter of this year by the United States Department of customer for all Zhou Guang (Omnidirectional) bulb product standards to enhance product revision, output light effect from the original 40W upgrade to 60W, caused the East Bay second quarter bulb shipments decreased, 5-6 monthly revenue, less overall second quarter performance is not as expected. However, with the launch of the new version of the ball bulb production shipments, East Bay revenue has been re heating since July of this year. Because the lighting needs into the season, and the company has completed the lighting capacity expansion, coupled with the main small size high color gamut mobile application product orders, the company expected, the third quarter performance may show monthly growth trend.

The East Bay in the second quarter of this year revenue of about 2 billion 99 million yuan (about 430 million yuan), quarter by about 13%, the annual increase of approximately 7%, gross margin of 21.87%, single quarter operating profit of 202 million yuan (about 41 million 410 thousand yuan), industry investment losses of 56 million yuan (about 11 million 480 thousand yuan), single quarter net income 129 million dollars (about 26 million 445 thousand yuan), earnings per share 0.4 yuan, slightly lower than the first quarter. The first half of the cumulative total revenue of about 3 billion 960 million yuan (about 812 million yuan), the annual increase of approximately 4%, the first half net profit after tax of 299 million yuan (about 61 million 295 thousand yuan), the annual increase of approximately 4%, the first half of the earnings per share 0.93 yuan, the annual increase of nearly 30%.

Estimated revenue in the third quarter of this year may rise month by month, the fastest in August, late September revenue has the opportunity to challenge the $900 million (equivalent to about RMB 185 million yuan), may hit a new high of nearly more than and 20 months since the new wave band. Third quarter revenue of 25-26 billion yuan, the quarter increased by 20%-30%, the annual increase of 4-5 estimates, excluding outside factors, single quarter earnings per share estimate 0.6-0.7 yuan. Although the fourth quarter due to the advent of the industry off-season, the performance may be cooling, but in 2014 earnings per share is still close to the level of 2 yuan, will be the best in nearly 4 years since 2011.

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