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LED product price increase crystal power Q3 revenue turned to profit

2019-12-19

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However, due to the impact of non-industrial losses, the net profit attributable to the owner of the parent company is only about more than 3 million yuan. Cumulative loss of 3 per share in the first three quarters. 18 yuan. Backlight momentum weakened in the fourth quarter, but orders for blue and red LED are still supported. Revenue is expected to cool down in the fourth quarter, but the decline is estimated to be limited. In the third quarter of this year, LED chip manufacturers, Jingdian, saw its gross profit margin turn positive to 13. 69, single season profit 1. RMB 0. 9 billion (New Taiwan dollar, the same below). However, due to the impact of non-industrial losses, the net profit attributable to the owner of the parent company is only about more than 3 million yuan. Cumulative loss of 3 per share in the first three quarters. 18 yuan. Backlight momentum weakened in the fourth quarter, but orders for blue and red LED are still supported. Revenue is expected to cool down in the fourth quarter, but the decline is estimated to be limited. Jingdian is a large LED epitaxial/chip factory. Its products are applied to panel backlight, lighting, LED Kanban, automobile lighting and other niche markets. The factories are located in Hsinchu, Miaoli, Tainan, Changzhou, Shenzhen, Xiamen and other regions in mainland China. Mainly used in TV backlight, lighting, consumer electronics, display, laptop/monitor backlight. This year's key products include CSP unpackaged chips, Quad/red LED, infrared products, etc. After the adjustment of the company's internal production capacity and equipment, the optimization of the product mix, the rebound of market demand and the rebound of some LED grain products, the gross profit margin became positive in the second quarter of this year and the loss of the industry decreased, however, after-tax losses continued to deteriorate due to loss of assets recognized outside the industry and investment losses. In the third quarter, due to the increase in the rate of growth and the price of some products, the single-quarter revenue increased slightly compared with the previous quarter, and the gross profit margin turned to more than 13, and the industry turned to profit. However, the loss outside the industry continued, resulting in a meager profit in a single quarter.

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