[Text / Gaogong LED Xu Chaopeng]
Yiguang's stable growth in revenue is expected to be flat
Everlight's September revenue: NT$2,492 million, a decline of 18.19% compared with the same period in 2014, compared with 6.72% in August, the cumulative third quarter combined revenue of about 7.079 billion yuan, unchanged from the second quarter, slightly Growth of 0.3%, Yiguang believes that the fourth quarter revenue momentum will be the same as the third quarter.
Under the return of LED lighting orders, Yiguang has returned to growth track since August, and its revenue in September reached 2.492 billion yuan. However, the annual revenue performance of Yiguang in 2015 is only 1 in the first quarter. In March and March, it reached more than 2.5 billion yuan. The accumulated revenue of Yiguang from January to September 2015 was about NT$21.38 billion, down 4.7% year-on-year.
Looking forward to the fourth quarter, Yiguang expects that it will enter the lighting market in the peak season of shipment in the end of the year. It is expected to be in the off-season and will be flat with the third quarter. The market believes that Yiguang is expected to reduce material costs and disperse product lines. Maintaining stable profit, it is expected that the chip cost will fall in the third quarter, and the gross profit margin is expected to rebound to more than 23%. The German lighting factory Wofi, which is purchased by Yiguang, will enter the peak season of shipment in the fourth quarter, and the proportion of Wofi revenue will increase. The fourth quarter revenue will have a better chance than the third season.
Jingdian camp recovers temperature growth and is optimistic about Q4 shipments
Jingdian's September revenue: NT$21.47 billion, a monthly increase of 11.82%, compared with a 5.35% decline in the same period in 2014.
Analysts pointed out that despite the recovery of Wendian's September camp, the accumulated Q3 revenue for 2015 was NT$6,178 million, but compared with Q.7 billion, the single-quarter revenue was still reduced by 8.74%. dull.
"The LED industry is limited by the weak market momentum. The traditional peak season of Jingdian Q3 is not prosperous. However, with the adjustment of lighting inventory, the performance of some LED factories has recently rebounded." Jingdian said that Q4 will enter LED lighting. In the traditional peak season of sales, lighting shipments are expected to increase compared to the third quarter. After the visibility of the lighting market is improved, Q4 shipments are expected to increase.
Jingdian pointed out that as the price of LED lighting products continues to decline, the current price of LED bulbs is lower than that of general energy-saving bulbs, and the willingness of consumers to replace LED lighting is obviously high. It is expected that Q4 will be the best time to dress up in Europe and America, so recently The overall order volume is gradually warming up. At present, the market share of Jingdian in the general LED lighting market is about 20-30%, and it is optimistic that the future volume will expand, which will help the overall operation to gradually develop.
Looking forward to Q4, Jingdian believes that the order visibility of LED lighting applications is good, the overall shipments are expected to grow faster than Q3, but the demand for LED backlights is still weak. Overall, although Q4 is the traditional off-season of the LED industry, it is currently taking orders. There will be a chance that the off-season will not be light.
Some lighting practitioners pointed out that although the LED industry experienced a short-term recovery in 2014, it continued to oversupply in 2015. It is estimated that the ratio of overcapacity in 2015 and 2016 will be 10% and 12% respectively, compared with 2014. 4% rose sharply, and Jingdian was affected by the erosion of the mainland industry and the large price hikes of LED lighting customers. The industry estimates that Jingdian will wait until 2017 to turn a profit.
Dongbei LED lighting order return Q4 is expected to double-digit growth
Dongbei's September revenue: NT$550 million, a 7.8% increase from August's revenue, a 40% decline from the same period in 2014.
Dongbei pointed out that as the revenues stop falling, the lighting orders of European and American customers are gradually returning, and the LED market demand will return to the bottom. It is expected that the output value of lighting will reach nearly 30% growth in Q4. The market estimates that Dongbei's single-season revenue is expected to resume double-digit growth.
Dongbei said that LED lighting and backlight demand declined in Q2 and Q3 in 2015, mainly due to the low-cost out-of-stock inventory of international lighting manufacturers, and the impact of global sales of backlight products on the decline, impact LED industry As a whole, revenues have also subsided.
As Dongbei saw the revenue decline in August, it continued to rise again in September. Dongbei pointed out that the impact of the recent light bulb inventory of international lighting factories has come to an end, and customers have simultaneously reduced the existing inventory and the market price. After the channel inventory has undergone an adjustment period of about 1 quarter, the current European and American customer lighting orders have been returned after the Q3 quarter. It is estimated that the lighting output value will have a growth rate of nearly 30% in Q4, showing that the traditional off-season is not weak.
Dongbei said that since the LED industry has been affected by the market recession since 2015, the company has actively completed the transformation in the Q3 season. In addition to developing higher-order high-color gamut packaging products, it has also continued to increase the layout of LED lighting products. Enhance 100% of MIT's high-quality light bulbs made in Taiwan, and strengthen the design to increase the low-cost design version into the mainstream market.
This will also significantly increase the consumption of LED lighting bulbs, respond positively to market demand, and expand global market share. The total revenue of Dongbei Q3 is NT$1.56 billion. The market expects that the Q4 season will be expected to double-digit growth.
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