Baihong 08 years overall order visibility trend, capital spending is expected to double

LED packaging factory Baihong (3031) in 08 years last order visibility is clear, planned capital spending 08 years will reach 1 billion yuan, compared with 07 years has doubled, the main capacity expansion project in the SMD and infrared, the former is SMD per month from the beginning of the 200KK expansion to 270KK, the company expects 08 years Q4 will be expanded to 400KK, the mobile phone use accounted for revenue ratio 35%; the latter was the United States Department of Dachang customer specific orders, plus photo coupler of its products are made from Japanese competitors to single benefit, so 08 years production capacity will be gradually expanded to the double level 260KK.

In LED street, Baihong totaling 07 years will be shipped 3500 lights, 5000 lights behind the original delivery schedule, mainly because the customer changes caused by product design, which is currently part of the main customers from the mainland in Southern China, Vietnam, Thailand, the other in Africa have also received new orders, in addition to the original 3 order LED lamp year 80 thousand lights, 08 years will add 20 thousand more than expected to 30 thousand orders, 08 years of internal assessment shipments up to 50 thousand street lamp, and the proportion of revenues will increase to about 8%. In the other part of the lamp, Baihong is the mainland Chery car factory mainly LED lamp suppliers, this part of 08 years the proportion of revenues will be increased to more than 4%.

Will this month sales schedule Baihong, benefit from the SMD product demand continued to warm, and before the end of the project investment accounted for increased, so the company also expected this month revenue still have continued to climb a record high of 381 million yuan energy, sustainable level than in November, while the quarter revenue will not reflect the off-season light of the market conditions, quarter growth rate will exceed 10%. Legal person is estimated, Q4 will profit Baihong entering its 07 year peak level, in the consolidated gross margin continued up to more than 27% of the cases, a single quarter profit last quarter by more than 10% five.

In 08 years of Q1 revenue, Baihong assessment, affected by the reduced number of working days in February, expected 08 year Q1 revenue quarter by about 6% to 10%, and the expected March sales force will be back to the temperature effect when the key performance of the season, but overall, quarter revenue should be compared with 07 for the same period to maintain two digit increase.

Source: Lean news