Q3's revenue is heating up, Q4 performance will continue to increase


Thanks to the strong growth in demand for medium and large-sized panel backlights, LED epitaxial wafer factory (3061) gradually expanded its production capacity in the third quarter, and revenue continued to heat up. After August's revenue reached a record high of 224 million yuan, the initial revenue in September was estimated to reach 240 million yuan. Although the fourth quarter is a traditional low quarter, it is currently believed that the fourth quarter results should maintain a growth trend compared to the third quarter. However, Yu Yuan said that visibility can be seen in November, December will affect shipments due to customer inventory, but also to observe.

Since the second quarter of 2009, thanks to the increased demand for LED-backlit LCD TV backlights, orders from Korean customers continue to be focused on, and the company continues to purchase new MOCVD machines and expand production capacity, and its performance continues to improve. After the August revenue reached a record high of 224 million yuan, the legal person estimated that the revenue in September will have a chance to challenge 240 million yuan, making the overall revenue in the third quarter reach 600-6.5 billion yuan, up 30 from the previous quarter. %the above. The single-quarter earnings per share estimate will also reach 0.3-0.4 yuan, a multiple increase from the previous quarter's after-tax earnings of 0.15 yuan. Looking forward to the fourth quarter, Yan Yuan believes that the current market demand looks good, and the demand for NB and TV backlights is still very strong. Now the visibility of order demand can be seen in November. As for whether the demand will decline in December due to the customer's year-end inventory, it will be observed again. However, based on the orders on hand, the fourth quarter results should continue to grow compared to the third quarter. The legal person estimates that the fourth quarter revenue will reach a new high, with a quarterly increase of 5%-10%. The annual after-tax earnings per share is expected to exceed 0.5 yuan.

Yan Yuan pointed out that the most important performance kinetic energy in 2009 is the medium and large size panel backlight. At present, major customers include Korean and LCD TV LCD TV and NB notebook computer supply chain related manufacturers. Among them, Ruixuan (2489), as well as home appliance manufacturers Datong Group, etc. also have a cooperative relationship with Yuyuan. At present, there are 27 MOCVD machines in Yanyuan, and it is estimated that by the end of 2009, the capacity will be increased by adding two MOCVD machines every month. It is estimated that by the end of 2009, the number of MOCVD machines will be around 33. It is reported that after the successful completion of the capital increase in 2009, the internal planning in 2010 hopes to introduce 30 MOCVD machines to double the production capacity. However, due to the recent demand for heat in MOCVD machine equipment and queues after placing orders, the number of new machines currently determined is about 12 units.

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