Ronda's profit improved this year, and it is expected that Mini LED backlight will be mass-produced next year.
Ronda Electronics (stock code 3698) recorded revenue of NT$890 million in November, a decrease of 5.1% from October. The consolidated revenue for January to November 2017 was NT$11.17 billion. Ronda Electronics said that entering the traditional off-season in the fourth quarter, the revenue of backlight and lighting has declined. However, in the research and development of new products, we are actively developing a variety of new products, including backlight Mini LED, automotive lighting applications, face recognition and iris recognition and other 3D sensors, large touch screen IR modules, UV UV curing, etc. At the end of this year, we have been cooperating with customers in development. Some products have been introduced into access control systems, security cameras or wearable devices, and are expected to be gradually fermented next year. Since entering this year, Longda Electronics has continuously adjusted its product mix and lighting products to produce orders, resulting in a decline in revenue, but the gross profit margin has improved and the industry has turned a profit. The accumulated earnings per share for the first three quarters was about 0.17 yuan (NTB, under with). It is expected that the fourth quarter will be affected by the off-season and the performance will cool down, but the annual profit is still better than last year. At present, the company is actively investing in the research and development of Mini LED and Micro LED technology. It is expected that there will be a new mass production of Mini LED backlights in 2018. Despite the flat operating results this year, although the profitability turned into a profit, the profit situation was lower than expected, the company is still positive for the 2018 outlook. In terms of products, the company is currently working with a number of customers to develop Mini LED backlight products, which are mainly used in large-size IT products such as notebook computers and monitors. It is expected that products will be available in the market in 2018. In terms of application categories, the company has recently continuously adjusted its product portfolio, selected orders for lighting products with higher price competition, and actively expanded niche applications. Among them, UV products entered the top five nail machine brands in the US; It is used in mobile phones, laptops, access control systems, etc. It also cuts into the security surveillance field with an IR infrared module that combines the dual biometric functions of iris and face. In terms of factories, the new plant of Ronda in Chenzhou, Anhui Province, started construction in the third quarter of this year. It is expected to be completed in the first half of 2018. In the future, the production capacity of some Suzhou plants and Taiwan plants will be moved to the production plant in Zhangzhou, and the overall capacity adjustment plan will be gradually completed next year. Among them, the Luzhou plant will focus on downstream lighting assembly and packaging. The Suzhou plant will be responsible for the MOCVD front-end process. In addition to the MOCVD front-end process, the Hsinchu plant will also retain some of the packaged production capacity, responsible for high-end product production and new product development. . Ronda has invested in the upstream and downstream vertical integration of LEDs from AUO Group. From upstream epitaxy, die to midstream and downstream LED packages and modules can be produced by themselves. In the past few years, it has once fully developed lighting, making the proportion of lighting more than half. Due to the rapid decline in lighting products and fierce competition, the recent adjustment of lighting orders and lighting products has also dropped to about 40%, and the backlight has increased to 60%. In the third quarter of this year, because the lighting order strategy is still cautious, even if the backlight shipments are in the peak season, the overall revenue performance is not as good as the previous peak season, and some product problems lead to a decline in gross profit margin and cost. The single-quarter earnings per share is only about 0.08. Yuan, accumulated the first three quarters of earnings per share of about 0.17 yuan. With the peak season of backlight shipments, the revenue in October this year fell to 940 million yuan, down 4.7% month-on-year, 17.6% year-on-year. The accumulated revenue for the first 10 months was 10.28 billion yuan, down about 11% year-on-year. Estimated fourth-quarter revenue is lower than the previous quarter and the same period last year, this year's revenue will decline compared to last year, but the gross profit margin and profit have improved. CD Car Phone Holder,Car CD Slot Mount Holder,Car Phone Mount Holder,Car Accessory CD Phone Holder Ningbo Luke Automotive Supplies Ltd. , https://www.nbluke.com