According to MoneyDJ report, Evergrande, a major LED packaging company, has been affected by red supply chain competition and LED price declines since 2019, and its revenue has continued to decline. It is estimated that annual revenue will decline by 15-20% for the third consecutive year.
However, at Everlight's November corporate briefing, Everlight stated that it is expected to expand production by 180KK in 2020, mainly for Mini LED invisible light and automotive applications. It is optimistic that the overall performance next year will grow by double-digit percentages, and the gross profit margin will also increase. improve.
It is understood that the revenue of Everlight for the third quarter of this year was 5.173 billion yuan (NT $, the same below), a year-on-year decrease of 17.7%; gross profit margin of 25.9%, an annual increase of 2.1 percentage points, mainly due to the decline in the proportion of lighting products; operating profit margin 5.38%, an annual decrease of 0.02 percentage points; net profit after tax was 292 million yuan, an annual decrease of 4.3%.
In the future, as new products such as invisible light, automotive, and various niche lighting applications continue to grow, and Mini LED has gradually entered the mass production phase after at least one year of development, Everlight expects that revenue in 2020 may stabilize. Or grow slightly.
Everlight Director Liu Bangyan also said at the briefing that next year ’s growth momentum comes from two major areas, first is new products, including UVA and UVC lamps, plant lights, and commercial lighting; secondly, backlight products, including Mini LED, displays, electricity Both competition and TV applications have the opportunity to grow. It is optimistic that the overall performance next year will grow by double-digit percentages (more than 10%).
Everlight Electronics is a Taiwan-based optoelectronic company that manufactures LEDs. Founded in Taipei in 1983, it was the seventh largest LED company in the world in 2009, and was promoted to the fifth largest manufacturer in the world by 2016. Everlight Electronics has 30 years of professional LED component research and development experience, and plays a key role in the global LED industry.