Yiguang/Jingdian/Guangbao And Other November Earnings Report, Revenue Performance Is Much The Same.

- Dec 11, 2018-

Recently, Taiwan's LED manufacturers have announced their November revenue performance, including Yiguang, Jingdian, Guangbao, Liqing and Rongchuang. Overall, the revenue of each company has declined from last year, but niche products such as automotive, Mini LED and so on have a strong market, so each company is optimistic about future operation.——LED Christmas light

Yiguang announced that its revenue in November was 1.961.44 billion yuan (NT$, the same below), down 85.14 million yuan from October, a monthly decrease of 4.16%, a decrease of 280.69 billion yuan from the same period last year, an annual decrease of 12.52%; the cumulative revenue in the previous November was 22.474.04 billion yuan, a decrease of 2.729 billion yuan from the same period last year, a decrease of 10.82%.——LED Christmas light

Juridical persons are looking at Yiguang's niche market for automotive use, launching ADB matrix headlights, Mini taillights, Smart Multi Array taillights and infrared heart rate detection watches and other automotive related lighting products and modules in succession, which will be conducive to next year's performance.——LED Christmas light

Jingdian announced that its revenue in November was 1.357.14 billion yuan, a decrease of 332.25 billion yuan from October, a monthly decrease of 19.66%, and a decrease of 458.1 billion yuan from the same period last year, an annual decrease of 25.24%. Its cumulative revenue in November was 1.136.87 billion yuan, a decrease of 4.181.21 billion yuan from the same period last year, a decrease of 17.93%.——LED Christmas light

The fourth quarter is the traditional off-season of the LED industry, but the market is optimistic about next year's new Mini LED products business opportunities, crystal power will be one of the main beneficiaries.——LED Christmas light

Guangbao Technology's November revenue was 16.73 billion yuan, excluding the transferred mobile camera module business, with annual and monthly decreases of 5%. The combined revenue in the first November of this year amounted to 190.95 billion yuan, an annual decrease of 2.85%.——LED Christmas light

Optoelectronic sector 11 accounted for 15% of the total revenue. Among them, the market demand for invisible light LEDs continued to grow, coupled with smooth shipment of LED vehicle lighting, Optoelectronic sector revenue was flat compared with the same period last year.——LED Christmas light

The combined revenue of Liqing in November was 408 million yuan, a decrease of 12.93% annually. The cumulative revenue of Liqing in November was 3.975 billion yuan, or 10.76% annually. The mainland car market is facing a recession, dealer inventory is high, the fourth season is not busy, making Liqing revenue in September, has been declining for three consecutive months compared with the same period last year.——LED Christmas light

Liqing said that since last year, the company has strengthened its cooperation with major global first-class (Tier1) lamp factories, including Huayu Visual Technology, Damao Weiruiko and Guangzhou Xiaoji, to jointly develop and design LED lamp modules and even to mass production. As far as the order structure is concerned, the sales performance of the joint venture brand and the independent brand car factory is 3:1. With the adjustment of the order structure of the main customers, we hope to break through in adversity.——LED Christmas light

Rongchuang's revenue fell sharply in October, falling to 332 million yuan in November, 10.4% monthly and 39.9% annually, the lowest level in the past nine months and at least seven years. Mainly affected by the off-season demand for backlight and reduced orders from TV backlight customers. Due to the decline in crop momentum and the decline in gross margin estimates, it is not excluded that the fourth quarter may be a loss. The cumulative revenue of the first 11 months was 4.365 billion yuan, a decrease of 20.9% annually.——LED Christmas light

Looking forward to the first quarter of 2019, although the Lunar New Year is approaching, due to the unstable international economic situation, recent orders from mainland Chinese customers are also on the lookout. At present, the demand for New Year's Day stock is not clear, and the visibility of the first quarter is still low.——LED Christmas light

In terms of new product technology, Rongchuang has also invested in the development of Mini LED and Miro LED in recent years. It is expected that the new Mini LED products will start small shipments in the first quarter of 2019.——LED Christmas light

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