In the first quarter of the round, benefiting from the LED TV large-size panel backlight order, the capacity utilization rate gradually increased by more than 80%. The non-consolidated revenue in the first quarter reached NT$993 million, an increase of 17.27% in the quarter and an annual decrease of 10.14%. Yan Yuan believes that although the production capacity has increased, the price of backlights for large-size panels and some small and medium-sized panels continues to fall, so the gross profit margin cannot rise back to 15% in the first quarter of last year, and even worse than the average gross profit margin of 6.5 last year. %, it is estimated that the first quarter still maintains a loss.
Yuyuan said that the industry boom in the first quarter of this year has seen a rebound in product prices, and the decline in product prices has narrowed to around 5%, and capacity utilization has continued to rise. After entering the second quarter, the production capacity is almost full, and the capacity utilization rate exceeds 95%, which will further drive the gross profit margin to rebound. Yan Yuan pointed out that the new model of the direct-type LED TV market launched by Korean manufacturers at the end of March responded well. It is estimated that the large-size panel backlight orders will continue in the second quarter, and the small and medium-sized panel orders will take the lead in the second quarter. . Although LED lighting has begun to warm up, it is estimated that it will not see significant growth until the second half of the year. Overall, the operating conditions in the second quarter will be better than the first quarter, and orders will continue until the end of June.
There are about 57 MOCVD machines in the Taiwan factory. This year, the company plans to add six MOCVD machines. However, the procurement and import of the machine still takes about half a year, and will start running in the fourth quarter of this year. However, the current order demand is higher than the production capacity. Therefore, the company outsourced some orders to the subsidiary Yangzhou to promote production. At present, the 25 machines of the plant have been fully operational, and the 12 new machines set up at the beginning of this year will gradually join the ranks of mass production.
Yuyuan said that the industry boom in the first quarter of this year has seen a rebound in product prices, and the decline in product prices has narrowed to around 5%, and capacity utilization has continued to rise. After entering the second quarter, the production capacity is almost full, and the capacity utilization rate exceeds 95%, which will further drive the gross profit margin to rebound. Yan Yuan pointed out that the new model of the direct-type LED TV market launched by Korean manufacturers at the end of March responded well. It is estimated that the large-size panel backlight orders will continue in the second quarter, and the small and medium-sized panel orders will take the lead in the second quarter. . Although LED lighting has begun to warm up, it is estimated that it will not see significant growth until the second half of the year. Overall, the operating conditions in the second quarter will be better than the first quarter, and orders will continue until the end of June.
There are about 57 MOCVD machines in the Taiwan factory. This year, the company plans to add six MOCVD machines. However, the procurement and import of the machine still takes about half a year, and will start running in the fourth quarter of this year. However, the current order demand is higher than the production capacity. Therefore, the company outsourced some orders to the subsidiary Yangzhou to promote production. At present, the 25 machines of the plant have been fully operational, and the 12 new machines set up at the beginning of this year will gradually join the ranks of mass production.
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