In the first half of this year, Hongqi lost a large number of LED TV backlight orders, while the main products of mobile phone backlights received flat performance. Currently, the capacity utilization rate is only 50%. In the first half of the year, the cumulative non-consolidated revenue was only 1.583 billion yuan (NTD, the same below) The annual decline was 21.88%.
Hong Qi said that the overall orders have not performed well this year. The first quarter revenue was only 777 million yuan, EPS -0.29 yuan. In the case that the capacity utilization rate has not risen, the second quarter revenue is not as good as that of other peers. It is estimated that the quarter will continue to maintain a loss. It is estimated that the second quarter EPS will be about -0.16 yuan, the second half. It is difficult to see a profitable turnaround. This year, it will be converted from a loss of 0.27 yuan to a loss last year.
Hongqi's product application areas and revenue share are: 10~15% for medium and large size backlights, 20% for small and medium size backlights, 30~35% for mobile phone backlights, 20% for lighting, and 15% for consumer electronics.
Hong Qi pointed out that the company's orders for LED TV backlights belonging to large-size panels continued to decline in the first half of the year, and the revenue of this product dropped to about 5%. In addition, the company's main mobile phone backlight products orders were only flat. Other product orders have not improved, so even if the LED industry enters the peak season in the second quarter, the company's capacity utilization rate has only increased from 45% in the previous quarter to about 50%. The second quarter revenue was 806 million yuan, up 3.7% from the previous quarter of 777 million yuan. Looking forward to the third quarter of the lighting season, lighting revenue is bound to grow from the previous quarter, but the lighting revenue share is only about 20%. As far as the overall situation is concerned, it should not be seen that it will greatly improve.
Hong Qi said that the overall orders have not performed well this year. The first quarter revenue was only 777 million yuan, EPS -0.29 yuan. In the case that the capacity utilization rate has not risen, the second quarter revenue is not as good as that of other peers. It is estimated that the quarter will continue to maintain a loss. It is estimated that the second quarter EPS will be about -0.16 yuan, the second half. It is difficult to see a profitable turnaround. This year, it will be converted from a loss of 0.27 yuan to a loss last year.
Hongqi's product application areas and revenue share are: 10~15% for medium and large size backlights, 20% for small and medium size backlights, 30~35% for mobile phone backlights, 20% for lighting, and 15% for consumer electronics.
Hong Qi pointed out that the company's orders for LED TV backlights belonging to large-size panels continued to decline in the first half of the year, and the revenue of this product dropped to about 5%. In addition, the company's main mobile phone backlight products orders were only flat. Other product orders have not improved, so even if the LED industry enters the peak season in the second quarter, the company's capacity utilization rate has only increased from 45% in the previous quarter to about 50%. The second quarter revenue was 806 million yuan, up 3.7% from the previous quarter of 777 million yuan. Looking forward to the third quarter of the lighting season, lighting revenue is bound to grow from the previous quarter, but the lighting revenue share is only about 20%. As far as the overall situation is concerned, it should not be seen that it will greatly improve.
Shaanxi Xinlong Metal Electro-mechanical Co., Ltd. , https://www.cnxlalloyproduct.com