Even though the electronics industry has entered the 2Q off-season of the five poor and six, the LED industry revenue can still maintain a high trend. In May, there are still many players who continue to record highs and maintain high-end revenues. The downstream packaging factory, Shunhong, successfully landed NT$400 million and RMB500 million respectively, and reached a new high in history. After a slight decline in revenue in April, Taigu resumed its growth momentum in May, but overall As LED manufacturers have achieved record highs since March, the growth rate in May has generally slowed down. The LED packaging factory leader Everlight only grew slightly by 0.5% from April.
The market believes that thanks to the strong demand for large-size backlights and hot orders, the LED industry's May revenue is expected to hit a new high, and it is expected that more than 10 companies will hit a new high. Among them, May's revenue reached 451 million yuan in May, up 17.18% from April. Compared with the same period in 2009, the annual growth rate reached 178.93%. It even hit a three-month historical high performance, and accumulated revenue from January to May. It was 1.571 billion yuan, a substantial increase of 191.07% compared with the same period in 2009. The performance was outstanding.
Driven by the rising proportion of TV, the gross profit margin continued to rise. The gross profit margin in April has exceeded 40% in one fell swoop. With the May revenue continuing to record high, the gross profit margin has a chance to be higher than that in April. In the second quarter, two additional organometallic chemical vapor deposition (MOCVD) machines will be added, and revenue will continue to increase. 2Q revenue will have a chance to reach more than 50% quarterly growth. It is estimated that 3Q monthly revenue is expected to exceed 5 100 million yuan mark.
In May, Luhong’s revenue reached 522 million yuan, a monthly increase of about 10%, an annual increase of 70%, and a new high level. Since Qihong 2Q will win the LEDTV order from the mainland, it is expected to start shipping in June. With mainland customers' shipments climbing and Korean manufacturers' TV orders expected to be in the second half of the year, the market expects that the performance of the company will continue to heat up in the second half of the year.
Hongqi's revenue in May reached 330 million yuan, a 3.7% increase in monthly, and also a record high in single-month revenue. The main reason for the growth is from increasing capacity utilization. It is expected to expand to 750 million in a single month in the third quarter. It is expected to enter the TV backlight supply chain in the third quarter.
Although the May revenue in the off-season has achieved good results, compared with the general growth of 5-66% in the same period of 2009, Yuanyuan and Taigu are multiplying, but the monthly growth rate has slowed down. Among them, Yiguang's May revenue was 1.432 billion yuan, maintaining a record high, but only about 0.5% growth in April, lower than the market expectation of more than 1.5 billion yuan, as for the May merger revenue reached 573 million. Yuan, a new monthly high, a 2.2% increase, if compared with April growth of 9.8% than March revenue, the monthly growth rate in May has slowed down, as for the second highest in history in April. However, the monthly growth rate reached 18%, reaching a record high in May, but the monthly growth rate was slightly slowed to 10%. Although the overall growth rate of some manufacturers in May was slightly slower, but the performance of the company continued to record high performance = the contrarian in the five poor and the absolute 2Q out of the momentum.
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