LED traditional off-season is coming, Taiwan packaging factory performance declines1

LED has entered the traditional off-season, and packaging factories Dongbei, Lunda and aidesen lack kinetic energy. October revenue has increased or declined slightly compared with September. Dongbei said that with the next wave of home appliance subsidies for mainland Chinese TV customers, the backlight orders will gradually return in the fourth quarter, and Lunda will continue to work on China's direct backlight TV. The demand for mainland TV is sluggish, and the impact on LED packaging factories in Taiwan is different. Dongbei's revenue in October was 5. NT $0. 3 billion (The same below), Monthly increase of 3. 31; Lunda 10. 5. 9 billion yuan, monthly reduction of 7. 02; Addison 2. 1. 8 billion yuan, monthly reduction of 7. 23. If compared with the same period of last year, Dongbei has reduced nearly 40%, mainly because the backlight accounts for a higher proportion of revenue, and the impact of the end of home appliance subsidies on the mainland is greater. In contrast, Addison, who focuses on high-power packaging, was not affected by the sluggish demand for TV due to his focus on the lighting market. Revenue in October increased by 35. 5% compared with the same period last year. LED vertical integration plant Lunda, due to the merger of Power Alliance effect, October revenue increased by 24. Over the same period last year. Lunda said that the fourth quarter entered the traditional off-season of LED backlight, and the demand for TV applications was relatively weak; In terms of lighting applications, in response to the decline in market prices, Lunda moved a large number of lighting assembly lines to the mainland and reduced costs through Lunda's own vertical integration advantages. Dongbei pointed out that the inventory adjustment of mainland TV customers has temporarily ended in the third quarter, so Dongbei's revenue bottomed out in September, began to grow slightly in October, and the fourth quarter revenue will grow month by month. The main reason is that the backlight orders are slowly returning, and the new backlight packaging products developed by Dongbei are also expected to increase the market share. In the lighting section, European and American countries gradually banned incandescent lamps and provided energy-saving subsidies. Dongbei's lighting customers increased their orders in the fourth quarter, resulting in lighting accounting for more than 25 percent of October revenue. At present, Dongbei's monthly revenue is significantly lower than that of the same period of last year. Dongbei is expected to surpass last year's performance after December. Adidas said that LED lighting has entered the traditional off-season, and orders for Christmas holidays in Europe and the United States have been shipped, so customers are not active. As the LED lighting market presents price-cutting competition, customers are waiting to see if there is a lower price, so the orders are short, and the order visibility is only about one month. However, Adidas is optimistic about the LED lighting outlook, and has invested 4. 0. 5 billion yuan to expand cross-Strait production capacity to meet the demand for orders next year.