Is the LED market downturn unsustainable? New Century response operation is normal

LED market conditions are sluggish, and the net loss after tax in the second quarter of the new century is 3. 3rd. 0. 6 billion yuan (New Taiwan dollar, the same below)The net loss per share in a single quarter is 1. 18 yuan, the cumulative net loss per share in the first three quarters of this year is 3. 75 yuan. Due to the difficulty of LED price competition, the market is difficult to operate in the new century. The New Century emphasizes that the company's current operations and financial status are normal. LED market conditions are sluggish, and the net loss after tax in the second quarter of the new century is 3. 3rd. 0. 6 billion yuan (New Taiwan dollar, the same below)The net loss per share in a single quarter is 1. 18 yuan, the cumulative net loss per share in the first three quarters of this year is 3. 75 yuan. Due to the difficulty of LED price competition, the market is difficult to operate in the new century. The New Century emphasizes that the company's current operations and financial status are normal. The new century has put forward an explanation for this. The new century has pointed out that the current products and technology layout related to the Flip Chip and CSP technologies and products have obtained a number of key technology patents in the United States, China, Japan, and Taiwan. become a Chip Flip Chip and CSP technology, patent and capacity Group. In terms of strategy, we are actively developing towards differentiation, customization and high value-added applications, with Flip Chip and CSP (Chip-Scale Package)Technology applied to TV backlight (High color rendering or ultra-thin) , Mobile phone flash, car headlights and special lighting and other fields for the camp operation layout direction. Zhong Kuanren, chairman of New Century Optoelectronics, has entered two of the top three major factories in the Taiwan headlights market, and the original supply chain (OE market) It has been imported into the US 100-year heavy truck light factory certification sample for small batch shipments. In addition, it is currently in progress with the certification of four car light factories in the mainland. It is expected that it will be able to pay attention to revenue in the first half of next year. As the high-current and high-illumination feature of mobile phone flash is the technical advantage of CSP, Apple will introduce CSP process into mobile phone flash to form a trend, which is expected to drive other smart phone brand manufacturers to follow up. new Century CSP in mobile phone flash application at present and supply chain enterprises in cooperation, China brand mobile phone factory certification in expected next year 1st season start contribution revenue. New Century CSP for TV backlight at present has success into Japanese-style and European TV brand supply chain import design was this year 3rd season started a small shipment is expected next year 1st season start volume shipment. In addition, CSP terminal applications include commercial lighting, public building lighting such as stadiums and special lighting such as outdoor professional flashlights, etc. In the new century, the proportion of low-power grain killing market is gradually reduced in the traditional grain part. At present, it has withdrawn from the low-grade lighting application market. In the second quarter of this year, the proportion of traditional grain in revenue has dropped to 3rd. and cut into the niche application market and foundry business, its gross profit margin is better than that of traditional blue LED applications, such as the application of green light in wearable devices of major international manufacturers, which is used to measure heartbeat and pulse. there are also blue light applied to the interior lighting of Japanese automakers, and blue light OEM orders are mainly special lighting orders released by International LED manufacturers. The new century has long adhered to the business philosophy of research and development innovation, and the performance specifications of LED products produced have always been the best in the industry. With the continuous and compact operating costs and the introduction of new products into the market one after another, and planning to dispose of idle plant land assets and new strategy project private placement will gradually improve the financial structure. The new century will further move towards a new type of LED company oriented by cladding, CSP patents and niche integration.