Dachang Longda Electronics, a vertically integrated LED manufacturer in Taiwan, recently released its financial results for the fourth quarter of 2017 and the full year. The company reported a decline in revenue during the last quarter of 2017, with consolidated revenue reaching 2.7 billion yuan, marking a 14.8% drop compared to the previous quarter. However, the gross profit margin remained stable at 14.8%, slightly down by 0.6 percentage points from the previous quarter, but increased by 20.5 percentage points for the full year. This brought the annual gross profit margin to 14.9%, the highest in nearly six years. The net profit after tax was approximately 129 million yuan, with an earnings per share of 0.25 yuan, signaling a return to profitability.
The improvement in performance was attributed to continuous product mix optimization, enhanced production efficiency, and increased shipments of high-end products. For 2017, the company successfully turned a profit, driven by its focus on three key areas: refining product portfolios, boosting operational efficiency, and investing in advanced technologies for high-end products. Looking ahead, Longda plans to expand its presence in high-tech lighting modules and premium display backlight solutions. It also aims to accelerate R&D and market expansion in emerging fields such as automotive technology, sensors, biometrics, and UV applications. Additionally, the company is pushing forward with mass production of Mini LED and VCSEL-based 3D sensing products.
In other developments, the new plant in Zhangzhou, Anhui Province, has been completed. It is expected to be installed by March 2018 and begin trial production in the second quarter of the same year. Recruitment and training efforts are currently underway. Once fully operational, the Zhangzhou facility will serve as the third mainland production base for Longda Electronics, following Suzhou and Xiamen. The plant will handle chip manufacturing, packaging, component assembly, and final product assembly.
With these strategic moves, Longda Electronics is positioning itself for long-term growth and technological leadership in the global LED industry.
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