Taiwanese company Everlight announced the 2011 Q1 financial report

Taiwan's Everlight Electronics (2393) recently announced its 2011 Q1 earnings report. Q1 revenue was NT$3.738 billion, down 3.2% quarter-on-quarter and 4.28% year-on-year. Net profit after tax was 444 million yuan, up 89.6% quarter-on-quarter. 19%; net profit after tax per share is 1.05 yuan.

Yiguang spokesperson Liu Bangyan pointed out that under the upstream grain price cut, the company's Q1 gross margin rebounded to 25%, and Q2 is still expected to have less than 5% reduction space. Therefore, Q2 and Q3 gross profit are expected to reach 25~28%. The gross profit margin is about 26~29%.

In the utilization rate, Yiguang Q1 is about 60~70%, and in April it is 80%. Liu Bangyan said that with the opening of production capacity, the revenue in April is expected to grow by 10% in the month, and Q2 operation has opportunities. With double-digit growth in the quarter, it is expected that revenue for the full year is expected to grow by 30%.

Liu Bangyan said that the Q2 order visibility is about 1.5 to 2 months, and the lighting products will start to grow from April. Among them, the outdoor lighting in mainland China is mainly in cooperation with the local government, while the European and American countries are mainly based on LED bulbs and indoor lighting. LED lighting will have good results this year.

In the backlight section, there are currently 11 customers in Yiguang, including two in Japan, six in China, two in Taiwan, and one in South Korea. It is expected that two new TV backlight customers will be added in 2011, one is a Chinese manufacturer and the other is a Japanese manufacturer.

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