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Dingyuan Hongqi's first quarter revenue hit a new high due to LED price decline
Affected by the new capacity of the land factory and the increase in the price of LEDs, the LED listed companies' revenues in March this year or the overall first quarter revenues mostly declined compared with the same period last year. However, Dingyuan expanded its development of sensor components business due to product mix adjustments. In March this year, its revenue hit a new high in the 31-month band and its revenue in the first quarter was 3 years. Under the support of the display project, Hongqi was affected by the new capacity of the Luchang plant and the increase in the price of LEDs. The LED listed companies' revenues in March this year or the overall first quarter revenue declined mostly compared with the same period last year. However, Dingyuan expanded its development of sensor components business due to product mix adjustments. In March this year, its revenue hit a new high in the 31-month band and its revenue in the first quarter was 3 years. Under the support of the display project, Hongqi’s revenue in the first quarter also reached a new high in the same period in the past three years. Dingyuan's March revenue of 306 million yuan (NTD, the same below), an increase of 47.35% over the previous month, an increase of 16.41% over the same month last year; accumulated first quarter of this year's revenue of 806 million yuan, an increase of 12.39% over the same period last year. In the first quarter of this year, revenue increased by more than 10% compared with the same period of last year. Ding Yuan said that it will start to enter the peak season in the second quarter based on past experience. It is expected that the second quarter revenue is expected to grow by 20 to 25% compared with the first quarter. After entering the trial production phase in the third quarter, the future will also be of significant benefit to the operation. For this year's operational outlook, Ding Yuan said that the first quarter is still in the industry's off-season, but the second and third quarters have always been the company's operating peaks, and in terms of current orders, it is estimated that the second quarter revenue can grow 20 to 25%. Ding Yuan said that in recent years, the transformation direction of LED factories in Taiwan is roughly the market of niche, small and high-tech thresholds, including the automobile market, sensing, special lighting, etc. Ding Yuan said that it is mainly to develop infrared sensing and optical communication products, which is also an important factor in Ding Yuan's industry to maintain profitability in recent years. As for Jingdian, Longda, Guangxu, Yiguang, Rongchuang, Guanglei, Edison, Yuhong and Dongbei, the revenue in March this year was lower than that of the same period of last year, mainly due to the industry's off-season, LED products falling prices, Downstream wait and see and other factors. Among them, Jingdian's revenue in March decreased by 20.39% year-on-year. The first quarter revenue was 5.147 billion yuan, down 10% year-on-year, setting a new low in the past five years. Ronda was also affected by the LED price drop and the company's adjusted product mix. The first quarter revenue was 2.648 billion yuan, down 15.69% year-on-year, and it was also the lowest in the 21st season. Although the product line contains multi-color LED chips, the first quarter revenue decreased by 13.9%, and it still dropped to a new low in the same period of the past seven years. (