LED packaging factory Everlight achieved good results in the first quarter, earning more than 1 yuan per share (NTD, the same below) in a single quarter, reaching 1.03 yuan, approaching the peak season level of the third quarter of last year, better than 0.72 yuan in the fourth quarter of last year , A substantial increase from 0.14 yuan in the same period last year. Looking forward to this year, the three major product applications of invisible light, backlighting and automotive applications will increase simultaneously. Revenue is expected to reach double-digit growth and profitability will be better than last year.
Everlight's performance in the first quarter of this year was very strong in the off-season as the LED market conditions improved and the prices of optocouplers and other products increased. Revenue was 5.885 billion yuan, net operating profit was 523 million yuan, net profit attributable to owners of the parent company was 458 million yuan, and basic earnings per share reached 1.03 yuan.
Everlight's April revenue was 2.066 billion yuan, an annual increase of 6.78%, and its revenue from January to April was 7.953 billion yuan, an annual growth of 23.25%.
For the whole year, Everlight will increase its temperature in the three major product applications of invisible light, backlighting and automotive applications this year, and revenue is expected to grow in double digits. In the previous law, Everlight released an optimistic outlook on the market outlook in 2021. Among them, optical couplers belonging to the invisible light field are expected to follow the pace of major international manufacturers and increase prices.
Everlight's current invisible light products account for more than 30% of its revenue, and the price is bullish, helping the company to profit. In addition, car products that have been cultivated for a long time are expected to produce benefits in 2021. Everlight estimates that the proportion of car-related products is expected to double to 10%. In addition, new backlight products will begin shipping this year, and MiniLED backlights are estimated to account for about 10% of the overall backlight revenue for the year.
Everlight last year, driven by the increasing demand for invisible light products, both revenue and profit resumed growth. Revenue in 2020 is 21.6 billion yuan, an annual increase of 3.14%, and earnings per share are 2.79 yuan, a record high in the past four years. (Source: Times Information)
