Recently, the Taiwan area China LED chip manufacturer in November revenue data released in succession, leading crystal electric in November revenue of NT $1771000000, fell 7.6%, down 14.66% compared to the same period; 8 LED chip companies include crystal electric, total revenue of NT $3300000000, 15.1% year-on-year drop, ring than the 9.5% decline.
LED enterprises in Taiwan region as a whole, decline, whether the enterprise will appear the same situation? For this, the reporter visited listing Corporation, industry and the organization, in order to obtain the latest industry trends.
LED Corporation in November revenue generally decline
The latest data show, in November this year, 8 LED chip enterprises in Taiwan area (GEM circle, Ding Yuan, Hong, Guang Lei, Hua light, crystal electric, Taigu, new century photoelectric) total revenue of NT $3300000000, 15.1% year-on-year decline, a decline of 9.5%.
Among them, the LED chip manufacturer of crystal electric, Lunda, canyuan November revenue chain were decreased by 7.64%, 2.4% and 29.75%, especially leading crystal electric is hit, in addition to fell, year-on-year drop is a whopping 14.66%. In addition, 9 LED encapsulation enterprises (Bai Hong, Dongbei etc.) total revenue of NT $6040000000, an increase of 9.06%, annulus comparing drops 4.3%.
In fact, the reporter noted that, before the LED enterprises in Taiwan area has been showing signs of decline. In September, Taiwan area LED four major chip manufacturers EPISTAR, Lunda, new century, canyuan battalion receives annulus comparing glides all data, the decline was respectively 11.9%, 5.6%, 22.1%, 11.7%; however, the excellent performance of encapsulated end, September revenue growth of 1.55%.
By October, the situation continues to deteriorate, the LED chip manufacturer of crystal electric, canyuan battalion receives annulus comparing fell 15.48% and 36.22% respectively. Combined with the latest data in November, chip, package links have poor performance, the entire industry decline not usher in reverse.
A shares have little downward pressure
For the LED enterprises in Taiwan area revenue continued to decline, the general situation, colleagues whether appeared in the same situation?
In this regard, de Ho Runda (002005, the closing price of 9.03 yuan) Dong mi Dunfee expresses to the reporter, de Ho Runda and companies of the same industry or has the difference, de Ho Runda chip, package, through the acquisition of NVC, and channel. "Compared to last year, the company's sales or growth, but this is also our company, after all, de haorun amounts have NVC the sales channels."
At the same time, a reporter for the investor identity call country starlight (002449, the closing price of 11.83 yuan) and changelight (300102, the closing price of 13.19 yuan). China Star optoelectronics staff said, did not find fewer orders or other appropriate conditions, the operation of the company or the same as last year, did not appear large fluctuations, the company is currently almost full production. Changelight staff said that the relevant statistics has not come out, the overall situation feel ok.
The personage inside course of study expresses to the reporter, the fourth quarter of this year the majority of enterprises said that the whole market is cold, especially in the whole industry chain in the upstream. The formation of this case for two reasons: one is the first half of enterprise of a lot of LED impulse rushed quickly, some stock enterprises did not have the digestion, the four seasons of a lot of enterprises are in the inventory digestion; two is the fourth quarter before LED on downstream enterprises will be the stock, now the market price changes faster, system more mature, we are not active stock, resulting in reduced demand. Mostly do LED enterprises in Taiwan area the chip and package, the sales contract have relations and order.
"Another point to note is that the LED enterprises in Taiwan area of customer groups, such as package is mainly to the backlight, LED enterprises, is not so large backlight customer base, but is lighting customers. At present indoor lighting terminal growth rate remained at more than 70% growth, the market demand is still obvious."
A researcher at the brokerage said that the four quarter itself is the LED industry in the off-season, a bad report card is a normal phenomenon, not because of the off-season revenue decline that inflection point has come, after all, the market demand is still there.
SG Securities analyst in the studies mentioned in the report, encapsulation end November revenue fell 4.3%, encapsulation end closer to the downstream, showed that the LED industry boom index decreased. The end of November chip revenue fell 9.5%, greater than last year (4.8%). In the long term, Taiwan area upstream chip factory since the beginning of this year there were no expansion, while the mainland Sanan Optoelectronics (600703, the closing price of 14.94 yuan), Huacan photoelectric (300323, the closing price of 11.11 yuan) and the Australian Shunchang (002245, the closing price of 11.28 yuan) and other manufacturers of new capacity release, Taiwan area manufacturer chip link share it is bound to reduce, this should be a trend, Taiwan area, chip manufacturers and vendors gap is narrowing, the future is expected to further increase the share. According to tracking, compared to three quarter of October and November, chip manufacturer shipment no downward pressure.
