LED chip unit prices stabilized

Jing Bing Chairman Li Bingjie estimated that the global LED lighting quantity growth this year (2013) will reach 100%, and the chip unit price decline this year is expected to stabilize, and Jingdian also set a target of 30% annual growth. Jing Guang, deputy general Zhang Shixian said that in April there will be a significant increase in operating capacity utilization rate rebounded to more than 90%, the second quarter revenue growth rate of 30% jump crystal power second quarter growth rate of growth, capacity utilization With a high product mix, the operation will be greatly improved. This year's growth trajectory is better than a season.

As for the performance of last year, Jingdian suffered a loss of 14.91 (NTD, the same below) from the industry’s losses in 2012. After tax loss, it reached a loss of 2.33 billion yuan, a loss of 1.3 yuan per share, and the combined gross profit margin dropped to a single digit. The number is only 7.35%, which is the worst performance on the market.

The losses of the external investment of Jingye Electric mainly come from Taigu, which was merged with Guangli and the formerly invested last year. The two chip factories suffered losses for two consecutive years. Taigu’s after-tax loss amount last year was 730 million yuan, and the loss per share was 2.65 yuan, gross profit margin. It is -23.62%, and it is negative for 2 consecutive years.

Guangsheng entered the market with crystals. The gross margin has been improved from the original -100% to the current -20% to -30% level. Jingdian estimates that Guangyu gross margin has the opportunity to return to positive numbers in the second quarter of this year and gradually reduce the burden on Jingdian.

Another chip maker in 2012 was subject to the fourth quarter demand freeze, the production rate plummeted, the market price grab single, let the loss increase, the combined gross profit margin of -0.97%, after-tax loss of 594 million yuan, per share Loss of 1.25 yuan.

In the new century, it was hard to escape the loss. Although the average gross profit rate remained at 2.8% last year, the operating expenses were high, and the operating net profit did not perform well. The after-tax loss was RMB 715 million, and the loss per share was 2.58 yuan.

According to the LED industry, the lighting market is at its infancy, and the industry must expand first and expand the market scale. After gaining a certain scale, the organic talks will be profitable. Looking forward to this year, as long as the market demand does not surprise, the price of the product will decline. The speed should slow down. Most businesses are happy to watch the market order this year better than last year.