Backlight product gross margin is low, round Q2 or sustained loss

April 05, 2024

After entering the traditional peak season of the LED industry in the second quarter, the grain factory round (3061) has entered full capacity since April, except for the combined revenue of the quarter to reach 1.454 billion Taiwan dollars (56.35% increase). It will also lead to positive business margins, but this season is still dominated by the shipment of low-margin backlight products, so the estimated gross profit margin is only within 5%, and the quarter will continue to maintain a loss.

The legal person said that with the capacity utilization rate reaching the full load water level, coupled with the gradual stabilization of the product price decline in the second quarter, the gross profit margin has turned positive since May, but from the whole season, because the main season sports energy still comes from Backlight products with low gross profit are estimated to have a gross profit margin of about 5% in the second quarter. However, the quarter is still at a loss, but it is estimated to be more than half of the first quarter's EPS -0.53.

Looking forward to the third quarter, Yuyuan also turned to a relatively conservative view of the market. The company pointed out that the company's continued optimism about LED backlighting will continue to grow strongly, but from the market situation in June, although customer demand is still in the month, However, the visibility of orders has been reduced to one month, so the company will increase the proportion of LED lighting (about 35%) to reinforce the backlight weakening gap.

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