Baihong invisible light LED demand is strong, Q2 revenue is expected to increase by double digits quarterly
LED packaging company Baihong has benefited from the growth in orders for invisible light products and the increase in the proportion of niche application products this year. After the first quarter’s profit and the best performance in the same period in the past 10 years, it is initially estimated that the second quarter revenue is still better than the previous quarter. In the same period last year, profits in the first half of the year may have doubled year-on-year.
Looking into the second half of the year, Baihong expects that this year's revenue will have the opportunity to resume double-digit growth. It is estimated that the revenue ratio in the first half of the year is about 45 to 55. The main kinetic energy is still from invisible light products and niche application products. At the same time, the demand for related products including notebook computers and home appliances is also expected to remain stable.
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At present, invisible light products account for more than 50% of Baihong's revenue, visible light products account for about 40%, and a small amount of revenue comes from bid projects and other products. In recent years, the company has been actively developing into the diversified niche application market. In addition to the original consumer electronics, home appliances, aviation lighting, security control, indicator lights/signs, it has also successively entered new products such as automated mechanical parts, UV-related products, and special wavelength LED packaging. Technical field products.
Baihong's revenue in the first quarter of this year was 336 million yuan (NTD, the same below), a quarterly decrease of 10.97%, but an annual increase of 26.11%. The gross profit margin stood at 31.9%, setting a new high in more than 10 years, mainly due to cost structure improvements and products The portfolio improved, and the industry turned profitable year-on-year. After-tax net profit was 47 million yuan, and earnings per share were 0.28 yuan, an annual increase of 13 times, the best performance in the same period in the past 10 years.
Since the second quarter, revenue has increased first and then decreased. The cumulative revenue for the first five months is 630 million yuan, an annual increase of 24.65%. It is estimated that the second quarter revenue will exceed 400 million yuan, and it may increase by double-digit quarterly and year-on-year. More than 20%. If there are no surprises, profits in the first half of the year are expected to double the same period last year. (Source: MoneyDJ)
