On March 1st, Yiguang (2393) will begin to ship a large number of LED TV backlight products this year. Ye Guangfu, chairman of Everlight, will also watch the LED market conditions this year. He pointed out that LED demand is good this year, and the annual growth rate of Yiguang's revenue is at least 30%. It is estimated that this year's revenue challenge will be 14.5 billion yuan (Taiwan dollar, the same below).
In January, Everlight’s revenue was not weak, reaching 1.16 billion yuan, the second highest in history . Everlight entered the LED TV last year and is slower. This year, it will start to ship in large quantities. The legal person is optimistic. This year, led by LED TV and LED screen, Yiguang has a good outlook.
Yiguang pointed out that in order to meet the market demand, it has greatly expanded its production capacity, and its main focus on SMD capacity expansion will be doubled from 1 billion to 2 billion. Everlight last year to convert convertible corporate bonds, Ruixuan also participated in the subscription, because Ruixuan will attack LED TV this year, and close relationship with Yiguang, the market has spread, Yiguang LED TV products have entered Ruixuan, LG and Samsung, Therefore, the contribution of LED TV products to revenue this year will increase significantly compared with last year.
Everlight invested in important LED epitaxial plants such as Jingdian, Taigu and Guangjia, and the supply of high-brightness blue LEDs was tight. Yiguang benefited from direct equity investment in upstream factories and was less affected by shortages. In addition, once the supply and demand situation in the third quarter is resolved, the upstream LED price will have a chance to loosen, which will help the downstream packaging factory gross margin.
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