Taiwan's seven major LED chip factories lost a total of 4 billion Taiwan dollars in 2012

Recently, Taiwanese manufacturers' 2012 financial reports have been announced one after another. From the profit performance of the listed cabinet chip factory, in 2012, the LED industry chip end is still shrouded in the overcapacity of production capacity, Jingdian, New Century, Yuanyuan, Dingyuan, Huashang. Both Taigu and the Valley have shown a loss. The total of the 7 listed cabinets and chip factories totaled a loss of 3.975 billion yuan (NTD, the same below).

The decline in the price of LED chip products is higher than the growth in demand for chip products, which has become the main reason for the decline in gross profit and post-tax losses of various factories. The non-combined gross loss rate of Huashang and Taigu reached 68.98% and 23.63% last year. Although the non-consolidated gross profit margin of Yuan, Jingdian and Dingyuan remained at 1~15%, after deducting operating expenses and out-of-band losses, the above-mentioned operators' losses per share exceeded 1 yuan, of which Valley and the new century also suffered a loss of 2.65 yuan and 2.58 yuan per share respectively.

Among the various listed cabinet chip factories, only Guanglei and Guangxun maintain profitability. Guanglei is mainly benefited from the cooperation with shareholders of Japan, and the non-consolidated gross profit margin reached 19% in 2012. There are also 7%, after-tax profit of 336 million yuan, EPS 0.62 yuan; Guanglu is locked in the niche-type high-power lighting market development, although the fourth quarter of operating performance is relatively eclipsed, but the first three seasons also support the eye-catching results For the year-round operation, the non-consolidated gross profit margin was also 18%, the non-consolidated profitability rate was 7%, the after-tax profit was 85.436 million yuan, and the EPS was 0.85 yuan.

For the LED market conditions, Li Bingjie, chairman of Jingdian, admitted that the price of chips in Q4 in 2012 has experienced a sharp decline. The situation of oversupply has intensified, causing Jingdian to turn into a loss of 228 million yuan in 2012, and the loss after tax is also high. 11.08 billion yuan, the annual after-tax loss of 1.116 billion yuan, EPS -1.3 yuan.

Looking forward to 2013, Li Bingjie said that although Q1 did not see product prices continue to fall in 2013, the oversupply status of Q4 in 2012 will continue to affect the operating performance of various chip factories in Q1, I am afraid that it is difficult to escape losses, but enter Q2. Later, as the market demand rises significantly, there is a possibility of turning into profit.

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