Jingdian's December revenue terminated with 5 declines

Benefiting from the end of inventory digestion, the rush to enter the market, Jingdian (2448) last December revenue ended the decline in May, the trend rose 14.55%, and regained the 2 billion NTD integer mark. Without any impact from the inventory factor, the legal person expects that the LED replenishment inventory will start, and the LED factory is expected to be weak in the first season.

Cumulative crystal power revenue last year reached 27.713 billion yuan (equivalent to RMB 5.388 billion) , with an annual growth rate of 24.55%, which was the highest in history with Yiguang (2393)'s 30.612 billion yuan. Jingdian is expected to follow this year. Shangyiguang became a company with a rating of US$1 billion.

Last week, Jingdian announced its revenue in December last year, reaching 2.028 billion yuan (about 394 million yuan) , ending the five-month dilemma of continuous recession, a substantial increase of 14.55% from November last year, and the high base period of December 2013. Compared with the decline, only 0.9%, the entire fourth quarter of last year's revenue of 5.716 billion yuan (equivalent to about 1.111 billion yuan) , compared with the third quarter of the recession of 25.07%, the degree of decline is less than the legal estimate of 30%, the quarterly operation is expected to touch bottom.

Judging from the LED plant's revenue performance in December last year, Jingdian and Ronda (3698) pulled the end of the market. The contrarian trend grew in November last year. Yiguang and the new century (3383) only experienced a slight decline. Digesting near the end, replenishment stocks have been quietly launched, the peak season is coming.

Jingdian will merge Yuanyuan and Taiji solid-state lighting this year. Under the basis of not counting the revenue of Taiwanese solid-state lighting, the brokerage company estimates that the revenue of Crystal Power in 2015 is expected to officially stand at 30 billion yuan, reaching 32 billion yuan. Billion's 34 billion yuan, billion light, crystal power group revenue will exceed 60 billion yuan (equivalent to about 12.831 billion yuan) .

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