Taiwan's LED factory Q3 performance is bleak, and the valley continues to lose money.

Taiwan's LED factory's third-quarter earnings report was bleak. Both Yuanyuan and Taigu's third-quarter profit continued to suffer losses. The loss per share was 0.07 yuan (NTB, the same below) and 0.64 yuan; while the third quarter of Jingdian continued. Reduce the scale of this year's losses. However, the LED industry entered the off-season in the fourth quarter, and its operating performance will decline from the peak in the third quarter.

In the third quarter, the revenue of the third quarter was 1.354 billion yuan, a quarterly increase of 9.81%. The operating gross profit increased from 23.63 million yuan in the second quarter to 96.06 million yuan. The gross profit margin increased from 1.91% in the second quarter to 7.09%. However, due to the increase in operating expenses, the third quarter still suffered a loss of 33.67 million yuan after tax, and the loss per share was still 0.07 yuan, which was inconsistent with the pace of revenue and profit, and was lower than the expectation that the market will turn profit in the third quarter. In the first three quarters, the accumulated profit loss was 168 million yuan, and the loss per share was 0.35 yuan.

The operating performance of Taigu in the third quarter has not improved significantly. The third quarter revenue was 374 million yuan, the quarter was reduced by 17.77%, the operating gross loss was 106 million yuan, up 53.36% from the previous quarter, and the gross loss rate was up. 28.24%, after-tax loss of 177 million yuan, an increase of 7.79% compared with the previous quarter, a loss of 0.64 yuan per share, accumulated a loss of 478 million yuan in the first three quarters of this year, a loss of 1.74 yuan per share. The industry has heard that Ye Haofu, the chairman of Yiguang, who is also the chairman of Taigu, is dissatisfied with the improvement of the operation of Taigu, and has made personnel adjustments. Taigu has also resigned through the general manager Wang Weikai on the board of directors. For the time being, Ye Haofu is also the general manager of Taigu.

In the third quarter of this year, Jingdian's consolidated revenue reached 5.673 billion yuan, a slight increase of 2% from the previous quarter, and it was transferred for two consecutive quarters. However, in the third quarter of the crystal power industry, the proportion of ultra-high-brightness quaternary LEDs with higher gross profit declined due to the product mix. As a result, the single-quarter gross profit margin of the crystal power industry fell to 13.4%, and the profit after tax in the third quarter also decreased to 1.29. 100 million yuan, 65.9% lower than the second quarter, a single quarter earnings per share of 0.15 yuan. However, the accumulated profit loss of the first three quarters was 8.58 million yuan, and the loss per share was 0.01 yuan.

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