The accumulation of gross margins in the first quarter, the second half of next year is expected to launch Micro LED engineering products

Taiwan LED drive chip manufacturers accumulated gross margin of 34.2% in the first quarter of this year, a record high since two years, single season earnings per share of net profit of 1.29 yuan (NT, the same below), the company also released its own chip has been successfully Design in to Samsung's display, forecast second quarter revenue can be increased by 20% quarter. As for the market concerned Micro LED, has been gradually progress, but is expected to be the second half of 2019 (2H19) will be the advent of engineering product display. As for the automobile industry, OE market, already imported car headlights and taillights, but want to have substantial contribution, but also need time. Review of the first quarter of this year, the accumulation of the first quarter of this year, the performance is very good, the first quarter gross margin of 34.2%, better than the fourth quarter of last year to 29.5%, and 30.2% in the same period last year, mainly due to take the self-interest based products combination, the basic price strategy, and the United States, South Korea and Japan to enhance customer driven, overseas revenue pulled up.

The accumulation of general manager Chen Qikai revealed that the first quarter of this year from South Korea, the United States and Japan non mainland customers, revenue growth of 40% over the same period last year, especially its LED driver chip has more smoothly Design in to display the movie Samsung in 2020 in the day, for the Olympic Games, a number of Japanese customers all There is an important case in the process, customers include Panasonic, is expected to have some contribution to revenue this year will be.

The accumulation of the first quarter of this year, revenues of 684 million yuan, quarter by 4.3%, the cost of parts, the first quarter of 175 million yuan, slightly less than 178 million yuan in the fourth quarter of last year, quarter by 2.1%, the first quarter net profit of 39 million 715 thousand yuan, the fourth quarter of last year net profit of 41 million 752 thousand yuan, the first quarter net profit of 1.29 yuan per share, the fourth quarter of last year net profit of 1.31 yuan per share; accumulation also added explain The first quarter of this year, listed taxes amounted to 12 million yuan, mainly because of the mainland's parent company by Brunei moved to Samoa, this is a profitable company, Taiwan to China caused by taxation.

Micro LED Mini LED, part of the market concerned, the accumulation of chairman Yang Lichang said, Micro LED will be convinced that next generation display mainstream technology, efforts to transition to Micro LED integration solutions provider, is expected to display products during the second half of this year there will be Mini LED come out, there will be Mini of LED is introduced into the mobile phone and TV backlight The customized products, and the Mini LED display and mobile phone backlight, since the first half of 2019 will begin to have a revenue contribution. As for Micro LED, the second half of 2019 is expected there will be a display of products, Micro and LED have the revenue contribution to the accumulation, I'm afraid I have to wait until 2020.

As another focus of the market, the market for cars, accumulation of lighting market in the car, mainly in the OE market, already imported car headlights and taillights, has achieved AC Q100 certification, but there should be a revenue contribution, it also takes time to accumulate in the car market, but the layout. For the future long-term development There will be an important investment.

This year, Chen Qikai said that in the second quarter of this year is optimistic, full year outlook are very optimistic. In addition, Yang Lichang believes that the small distance monitor specifications based on the evolution, and the Micro LED penetration continued to improve over the next three years, the accumulation of revenue is expected to grow sharply. The legal circle is estimated, the accumulation of the first half of this year revenue is expected to reach 1 billion 400 million yuan to 1 billion 550 million yuan, while the second quarter revenue of about 716 million yuan to 866 million yuan, compared with the first quarter of this year, revenue quarter by 4.7% to 26.6%, but the second quarter revenue growth rate is expected to fall in the 20% quarter. As for the second quarter gross margin will keep steady at above 30% mark.

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