Taiwan's packaging leader Yiguang Electronics is optimistic about the market return in September

Liu Bangyan, general manager of the Everlight Production Group, said that in the case of increased demand for LED lighting, infrared and small and medium-sized panel backlights, the September performance has returned to the phenomenon, and LED TV backlight demand will pick up until the second quarter of next year.

When the outside world generally sees the decline of the LED industry, LED packaging leader Yiguang recently put forward the idea of ​​“returning to temperature in September”. This is a relatively positive statement in the LED industry, and the “backlight bottom” proposed by Teng Guangzhong, CEO of Sunlight Haven't come yet" have a different opinion.

Liu Bangyan believes that the September performance recovery comes from three major areas, including LED lighting, benefiting small and medium-sized backlights for smartphones and tablets, and infrared, Yiguang LED lighting will grow 20% in the third quarter. The proportion of the four seasons in revenue will increase from the current 8% to 10%, and will further reach 10% next year.

However, LED TV's current demand is still weak, making Yiguang's capacity utilization rate in the third quarter only about 70%. Liu Bangyan said that the price of the sapphire substrate upstream of the LED can be reduced to less than $10 in the fourth quarter, and the die is oversupply. Helps significantly reduce the cost of LEDs. The difference between the LED backlight cost and the CCFL will be at its lowest in the second quarter of next year, so the demand for backlights in the first quarter of next year will be amplified.

As for the outlook for the second half of the year, Liu Bangyan estimates that the third quarter revenue will decline by 10%, and the capacity utilization rate in the third quarter will be 70%. However, due to the phenomenon of warming up in September, the proportion of revenue in the first half of the year is 1:1. However, due to the oversupply of crystal grains, the cost is reduced, but the price of the products will also decline due to sluggish demand.

Liu Bangyan said that the penetration rate of LED lighting in Japan has reached 50%, and that Europe and the United States and advanced countries will increase from 10% to 20%. LEDs will have a lot of room for growth in lighting. Yiguang owns Taigu, and it has vertical integration in the industry. It has a cost advantage compared with its peers, while LED lighting has dual brands, so the growth of LED lighting is better than expected.

In the second quarter of the year, the consolidated revenue of Everlight was 5.449 billion yuan, up 27.76% from the first quarter. The operating gross profit was 1.353 billion yuan, up 22.44% from the first quarter. The combined gross profit margin in the single quarter was 24.83%. 4.29 billion yuan, 6.12% lower than the first quarter; consolidated operating income for the first half of the year was 9.715 billion yuan, operating gross profit was 2.458 billion yuan, and the combined gross profit margin was 25.3%.

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