LED chip giant crystal: out of the bottom Q2 will turn profit

LED grain plant Crystal in late last year formal in hand guang jia and for 100 hold of sub-the company German securities issued by new report pointed out that Crystal by last year 4th season will mention column about 4 ~ The impact of a one-time inventory loss of 0. 5 billion yuan is estimated that Jingdian's loss per share will expand to 0. 51 yuan but this will is Crystal bottom after a season to column inventory loss after estimation this year 1st season will see to loss amplitude narrow and 2nd season will will by deficit go surplus, the annual earnings per share is expected to stand back 1. Above 5 yuan, the 'buy' rating is still maintained, with a target price of 70 yuan. German said Crystal last year 4th season for hand in hand guang jia will therefore to column about 4 ~ The one-time inventory loss of 0. 5 billion yuan is estimated to be affected by this. 51 yuan, the loss is higher than expected, so its annual earnings per share last year from 0. 08 yuan down-0. 51 yuan, but after the inventory loss is fully listed, it is optimistic that the combined crystal will have a new start this year. German analysis by industry traditional low season and products average unit price downturn estimation crystal this year 1st season revenue still is last year 4th season decline about 9 but after inventory adjustment after, it is estimated that the gross profit margin for the second quarter of this year will increase from 4. 1st in the previous quarter. 7 rose to 10. 6. The loss per share in the second quarter will be reduced to 0. 1st. 19 yuan prediction to 2nd season after Crystal will will by deficit go surplus and year earnings per share is expected to station back to 1. Above 5 yuan. In addition, from the perspective of industrial performance, Germany is optimistic about the market competitiveness of crystal power. German analysis, by improving luminous efficiency and new product design, it is estimated that LED factory will launch a unit price of 10 ~ 15 dollars of LED light bulb this also will lead to LED lighting become this year main market growth kinetic energy LED lighting components of market demand will be in advance in 2nd Season ~ 3rd season reaction and crystal with large of market scale, advanced technology and LED industry chain on the partners will will benefit in LED lighting of rapid development.