The LED packaging manufacturer Everlight’s August revenue was 2.242 billion yuan (NTD, the same below), an increase of 4.43% over July’s revenue of 2.147 billion yuan, an annual increase of 16.93%; the company’s current invisible light component product order demand continues to grow, Coupled with the high volume of new Mini LED displays and backlights, the legal entity expects that its operations in the third quarter will maintain good results.
In the first half of this year, Everlight benefited from the strong demand for its two major product lines, backlight and invisible light products, and its revenue and profit grew significantly compared to last year. From January to August, revenue was 17.036 billion yuan, an annual increase of 21.94%. In the first half of the year, the net profit attributable to the parent company was 1.066 billion yuan, and the earnings per share reached 2.4 yuan, which was a double of 1.02 yuan in the same period last year.
Looking forward to the third quarter, the revenue in July will be slightly affected by the routine inventory, and the revenue in August will recover. The overall third quarter is still the traditional peak season. The company's current invisible light component product order demand is still hot, plus Mini LED display , The high volume of new backlight products, and the recovery of the market conditions of automotive products, the legal person expects that the operation will be maintained at a good level this quarter.
In terms of market conditions, new invisible light production capacity has been gradually opened since the second quarter, and product prices have remained stable due to continued hot demand. In addition, the market has slowed down in the noise of LCD TVs. It is necessary to observe the subsequent shipment performance of backlight products. However, the operation of the first three quarters continued to be enthusiastic. The legal person estimates that the company will still perform well in the second half of the year, and it will challenge a five-year high for the whole year.
Looking back at the previous quarter, the second quarter continued to benefit from the overall strong demand, revenue and profit were better than those in the first quarter, and the single-quarter earnings per share were about 1.37 yuan. In the first half of the year, the net profit attributable to the parent company was 1.066 billion yuan, an annual increase of more than 1.3 times, and the earnings per share was 2.4 yuan, which was a record high over the same period in more than 10 years.
Benefiting from the strong orders for invisible light products and the price increase of some products, Everlight’s revenue in the second quarter reached 6.76 billion yuan, an annual increase of nearly 20%, and hit a new high in the past 15 quarters. The single-quarter gross profit rate increased again. Operating net profit increased to 795 million yuan, net profit was about 608 million yuan, and the single-quarter earnings per share was about 1.37 yuan, which was a single-quarter high since the fourth quarter of 2014.
Everlight achieved good results in the first half of the year, with revenue of approximately 12.64 billion yuan, an annual increase of approximately 24%. In the first half of the year, its operating profit was 1.319 billion yuan, an annual increase of approximately 1.6 times. The net profit attributable to owners of the parent company was 1.066 billion yuan, an annual increase of approximately 135%. Net profit per share was 2.4 yuan, a record high for the same period since consolidated statements.
