East Bay turnaround and look forward to Q3 revenue estimates by 10% quarter

Learned, LED packaging factory east Bay (2499) recently announced first half earnings, Q2 earnings season has turned around a single, gross margins improved significantly higher than 5% in Q1, but the first half of the foreign exchange loss of influence by the industry , after-tax loss of 0.28 yuan per share. Looking Q3, East Bay forecast revenue growth of 10% over Q2, gross margins are expected to increase with the simultaneous increase capacity utilization.

It is understood that the East Bay in the first half revenue of 15.57 billion yuan, 1.343 billion yuan over the same period in 2007 grew about 16%, the first half of the East Bay, said the main reason to increase market penetration of LED products, but by the exchange rate of NT Q1 l take effect, the industrys revenue was flat, but also bear the foreign exchange loss of business, resulting in the first half of a whole showed a slight loss. By phone and UC3854BN datasheet and needs of small and UC3854BN price and medium sized backlight market downturn, the East Bay over Q1 Q2 total sales down 11%, but continues to enhance capacity utilization and UC3854BN suppliers and cost reduction, the overall gross profit growth of 5% instead of buck the trend. East Bay pointed out that the first half of the industry and business income and expenses are under sharp impact of the exchange rate of NT produced a loss after tax net loss of 064 million yuan, 0.28 yuan per share after-tax loss, gross margins declined from a year earlier to 16.86% 12.82%. East Bay further pointed out that, due to enter the Q3, the NT was demoted back to trend, so the product gross margin is expected to rise, the loss will also reduce the lay, in addition, there are parts of the second half earnings are expected to lay revenue, estimated that in Annual payments will lay a tie.

Outlook in the second half, the East Bay said that with nearly off the end customer inventory, adjust inventory effects are also over estimated backlight product orders will increase from month to month, so the Q3 shipments and revenue per month will be by months, and have a chance to challenge the current year revenue high. In addition, the East Bay from August to Septembers orders based on status, preliminary estimates suggest that the overall capacity utilization is expected to grow 40% over Q2, while the company is committed to reducing raw material costs, increased capacity utilization and continuing down costs, estimated Q3 revenues and profits hit new high this year is expected to sync.

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