Yang Lichang, Chairman of Accumulation: Micro LED will be the mainstream technology for the next generation of displays
Taiwan's LED driver chip makers accumulated a gross profit margin of 34.2% in the first quarter of this year, setting a new high in two years. The net profit per share for the quarter was 1.29 yuan (NTD, the same below). The company also released its own chip has been successfully designed to Samsung. On the display, it is estimated that the second quarter revenue will increase by 20%. As for the Micro LED that the market is concerned about, although there has been a gradual progress, it is expected that the display products will be available until the second half of 2019 (2H19). As for the automotive sector, the OE market has mainly introduced headlights and taillights, but it takes time to make a significant contribution. Looking back at the performance of the first quarter of this year, the accumulation analysis showed very good performance in the first quarter of this year. The gross profit margin in the first quarter was 34.2%, which was better than 29.5% in the fourth quarter of last year and 30.2% in the same period of last year. The main reason was taken from the niche product portfolio. The basic price strategy, as well as the promotion of customers such as the United States, South Korea and Japan, drove the overseas revenues to rise.
Chen Jikai, general manager of the accumulation, revealed that in the first quarter of this year, customers from non-continental regions such as South Korea, the United States and Japan increased their revenue by 40% compared with the same period of last year. In particular, their LED driver chips have been successfully designed into Samsung’s movie monitors. In addition, in response to the Olympics to be held in Japan in 2020, several Japanese customers have important cases underway, including Panasonic, which is expected to have some revenue contribution this year.
Accumulated revenue of 684 million yuan in the first quarter of this year, 4.3% in the quarter, the cost part, 175 million yuan in the first quarter, slightly lower than the 178 million yuan in the fourth quarter of last year, the season decreased by 2.1%, the first quarter net profit of 39.715 million yuan In the fourth quarter of last year, the net profit was 41.752 million yuan, the first quarter net profit per share was 1.29 yuan, and the net profit per share in the fourth quarter of last year was 1.31 yuan. The accumulation also explained that the tax in the first quarter of this year amounted to 12 million yuan, mainly because of the mainland. The company's parent company was moved from Brunei to Samoa, which is a money-making company, which is due to taxation in Taiwan.
Regarding the Micro LED and Mini LED parts of the market, Yang Lichang, Chairman of the Accumulation Group, expressed his conviction that Micro LED will be the mainstream technology for the next generation of displays and will be transformed into a supplier of Micro LED integration solutions. It is expected that there will be Mini LED display products in the second half of this year. Customized products with Mini LEDs imported into the backlight of mobile phones and TVs will also be available, and the backlights of the above-mentioned Mini LEDs and mobile phones will have revenue contribution since the first half of 2019. As for the Micro LED part, it is expected that there will be display products in the second half of 2019, and the Micro LED will have to contribute to the accumulation of revenue, I am afraid it will wait until 2020.
As for the other focus of the market, that is, the automotive market segment, which is concentrated in the automotive lighting market, mainly based on the OE market, has introduced headlights and taillights, and has also obtained AC Q100 certification, but it must have substantial revenue. Contributions also take time, but the accumulation of the layout in the automotive market will have important implications for the future development of the long-term.
Looking forward to this year, Chen Qikai mentioned that he is very optimistic about the second quarter and is also very optimistic about the full-year outlook this year. In addition, Yang Lichang believes that based on the evolution of small-pitch display specifications, and the penetration rate of Micro LED continues to increase, the accumulation of revenue in the next three years is expected to grow substantially. The corporate circle estimates that the first half of this year's revenue is expected to reach 1.4 billion to 1.55 billion yuan, while the second quarter revenue can reach 716 million yuan to 866 million yuan, compared with the first quarter of this year, the revenue season It increased by 4.7% to 26.6%, but the second quarter revenue growth rate is expected to fall to 20%. As for the second quarter, the gross profit margin can still be maintained above the 30% mark.
Motor Start Switch,Single Phase Motor Starter Switches,Single Phase Centrifugal-Switches,Electric Machine Centrifugal Switch Gear
Ningbo Zhenhai Rongda Electrical Appliance Co., Ltd. , https://www.centrifugalswitch.com