In the fourth quarter of last year, LED chip maker Jingdian increased its gross profit margin and profitability in the industry. However, due to the loss of idle assets and the loss of equipment, it caused a small loss in a single quarter.
The first quarter of this year was affected by the industry's off-season, and the utilization rate was lower, but the product mix was better than the previous quarter, and the actual performance should be observed. After the second quarter, the operation is expected to gradually increase, and the ternary LED growth momentum is stronger.
Jingdian announced its annual financial report yesterday (21). The consolidated revenue for the year reached 25.539 billion yuan (the new Taiwan dollar, the same below, equivalent to about 5.771 billion yuan), an annual increase of about 0.11%.
However, from the perspective of single-quarter operation, the gross profit margin and profit-to-earnings ratio in the fourth quarter both rose at a double rate, reaching 18.4% and 6.7% respectively. The profitability rate for the profit of the industry rose from 2.88% to 6.7%. Increased by 3.82 percentage points.
Among them, in the second half of last year, benefiting from the stabilization of LED die prices, the growth of quaternary LED shipments, better product mix, and higher utilization rate, the gross profit margin rebounded quarter by quarter, following the third quarter gross margin of 13.69%, fourth. The gross profit margin for the quarter was 18%, the highest in the nine seasons since the fourth quarter of 2014.
In the first and second months of this year, the accumulated revenue was about 3.504 billion yuan, an annual decrease of 8.4%. It is expected that revenue in March is expected to return. The overall first-quarter product mix is ​​better than the previous quarter (four-yuan LED orders are still good), but it is affected by the industry's off-season and blue LEDs. The profit rate and overall revenue and profitability are also observed.
With the slowdown of the expansion of the industry, the stabilization of the market order, the stabilization of the price of blue LEDs, the re-adjustment of the production capacity of the crystal power, the optimization of the product mix, and the increase in the proportion of the four-element LED, the gross profit margin and profitability of the industry in the second half of 2016 Improve quarter by season.
Looking forward to 2017, the outside world has a positive view on the performance of Jingdian this year, and it is difficult to assess the changes outside the industry. In addition to continuing to expand high-end products such as CSP unpackaged chips and Flip chip flip-chips, the company is also actively promoting the shipment of quaternary LEDs (this year's proportion is 30%).
In addition, the new mobile phone proximity sensor (Proximity sensor) may gradually convert from the original IR infrared LED to VCSEL (vertical cavity surface-emitting laser), while the crystal power has both infrared LED and VCSEL technology, this part may be heavy this year.
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