LG Itno turned into a profit LED lighting into a first-class hero

Recently, LG Itno Corporation, an electronic parts supplier, announced its second-quarter sales revenue in accordance with International Financial Reporting Standards. In the second quarter, INA Itenotek's sales amounted to 11.17 million won (equivalent to RMB 619.56 million) and its operating profit was 5.9 billion won. It was a successful turnaround, which is the best performance of the company in history. one season.

Sales in the second quarter of 2011 increased by 6.7% from the previous quarter. In the second quarter, it made up for the losses in the first quarter and successfully turned losses into profits. Compared with the same period last year, sales in the second quarter increased by 14%, but operating profit decreased by 93%.

A related person from LG Itno said: "The industries such as monitors and semiconductors are in a state of stagnation. By widening the market in the fields of LEDs and materials, the highest quarterly sales performance in history has been achieved. In the active activities to reduce costs, it has come back to life. ”

In addition, he also said: "By optimizing the project structure, expanding the development of new areas such as LED lighting modules, touch screens, and vehicle parts, and laying a good foundation for continued growth in a difficult market environment."

Table: LG Innotet's second quarter 2011 results

(Unit: 100 million won)

In the third quarter of this year, the display and semiconductor markets will continue to be stagnant. Under such circumstances, LG Innotet will accelerate the improvement of corporate efficiency by improving resource investment efficiency and strengthening cost competitiveness.

LED is the first-class hero of LG Innotet's second-quarter sales growth. With the increase in demand for LED BLU for 3D TVs and tablets, and the growth in sales of LED lighting modules, sales of LED components increased by 34% compared with the previous quarter to 272.8 billion won. However, as new products were released in the second half of the year, the camera module was reduced by 9% compared with the same period last year, with sales of 289.4 billion won. Affected by the overall stagnation of demand in the TV, mobile phone and other industries, sales in the display and network sectors also fell by 1%, with sales of 255.7 billion won.

With the structural optimization of the printed circuit board (PCB) industry and the increase in sales of high value-added products, sales in the printed circuit board sector increased by 2% from the previous quarter to 101.6 billion won. In the field of materials, the mass production of new touch screen products has boosted LG Innotet's sales in this area by 39% from the previous quarter to 98.9 billion won. The expansion of auto parts modules has led LG Innotet's sales in this area to increase by 10% from the previous quarter to reach 77.6 billion won.