On October 31, Lunda Electronics announced the third quarter of 2012 financial statements. In the third quarter, the combined turnover was NT$2,984 million, a 10.9% increase from the second quarter and a growth of nearly 15% from the same period last year. The consolidated operating gross profit was NT$360 million and the combined gross profit margin was 12.4%. The consolidated net profit after tax in the third quarter was NT$105 million, and the third quarter earnings per share were 0.25 yuan.
Zhang Boyi, deputy general manager of Ronda Electronic Finance, said that in the first three quarters of 2012, revenues rose month by month, in line with the company's expected performance at the beginning of the year. Revenue in the third quarter climbed again than in the second quarter, benefiting from the growth of the backlight market, the high rate of machine utilization, and strict control of inventory. In the third quarter, the capacity utilization rate remained above 80%, and the inventory turnover days decreased from 79 days in the second quarter to 67 days in the third quarter, and the assets were managed to the most effective. However, due to the decline in market prices and changes in product mix, gross profit margin declined slightly by 2.8 percentage points from the previous quarter. The EPS for the first three quarters of 2012 was 0.55 yuan.
As the third season is the traditional industry peak season in the backlight market, and demand is warming up, Ronda has smooth shipments of backlights such as monitors, TVs, notebook computers and smart phones. In addition, in the grain part, high-power die shipments increased, and the technical competitiveness of Ronda's die was pushed up by the verification of Korean and American manufacturers.
In the lighting module products, COB (Chip on Board) integrated packaging products continue to receive orders from European manufacturers, which are used in high value commercial lighting products such as downlights and PAR spotlights. In addition, its LM-80 certified 3014 and 5630 package products are steadily shipped to European and mainland lighting brands. In the lighting finished product segment, benefiting from the strong demand in the third quarter of the Japanese market, the lamp business of Ronda continued to increase. In addition, the 600 x 600 ultra-thin panel lamps of the lighting fixtures are also sold to Europe, which has received positive feedback from customers.
In spite of the pressure of market price decline, the company has taken advantage of the vertical integration of the products, and can properly allocate products in various stages such as die, package, module and finished lighting, while reducing costs through product design and supply chain management. Improve gross profit.
Since LED is the upstream industry in the backlight and lighting application market, the terminal demand for the Christmas holiday at the end of the year has been ahead of the third quarter, and the customer has inventory adjustment action at the end of the year. It is estimated that the fourth quarter will gradually enter the off-season. Dr. Su Fengzheng, Chairman and General Manager of Ronda Electronics, said that the company will strengthen customer business and deepen customer relationship, and continue to work on internal synchronization to strengthen technology research and development, personnel training, continuous control of costs, and enhancement of lighting product quality certification. To meet the challenges of next year.
Zhang Boyi, deputy general manager of Ronda Electronic Finance, said that in the first three quarters of 2012, revenues rose month by month, in line with the company's expected performance at the beginning of the year. Revenue in the third quarter climbed again than in the second quarter, benefiting from the growth of the backlight market, the high rate of machine utilization, and strict control of inventory. In the third quarter, the capacity utilization rate remained above 80%, and the inventory turnover days decreased from 79 days in the second quarter to 67 days in the third quarter, and the assets were managed to the most effective. However, due to the decline in market prices and changes in product mix, gross profit margin declined slightly by 2.8 percentage points from the previous quarter. The EPS for the first three quarters of 2012 was 0.55 yuan.
As the third season is the traditional industry peak season in the backlight market, and demand is warming up, Ronda has smooth shipments of backlights such as monitors, TVs, notebook computers and smart phones. In addition, in the grain part, high-power die shipments increased, and the technical competitiveness of Ronda's die was pushed up by the verification of Korean and American manufacturers.
In the lighting module products, COB (Chip on Board) integrated packaging products continue to receive orders from European manufacturers, which are used in high value commercial lighting products such as downlights and PAR spotlights. In addition, its LM-80 certified 3014 and 5630 package products are steadily shipped to European and mainland lighting brands. In the lighting finished product segment, benefiting from the strong demand in the third quarter of the Japanese market, the lamp business of Ronda continued to increase. In addition, the 600 x 600 ultra-thin panel lamps of the lighting fixtures are also sold to Europe, which has received positive feedback from customers.
In spite of the pressure of market price decline, the company has taken advantage of the vertical integration of the products, and can properly allocate products in various stages such as die, package, module and finished lighting, while reducing costs through product design and supply chain management. Improve gross profit.
Since LED is the upstream industry in the backlight and lighting application market, the terminal demand for the Christmas holiday at the end of the year has been ahead of the third quarter, and the customer has inventory adjustment action at the end of the year. It is estimated that the fourth quarter will gradually enter the off-season. Dr. Su Fengzheng, Chairman and General Manager of Ronda Electronics, said that the company will strengthen customer business and deepen customer relationship, and continue to work on internal synchronization to strengthen technology research and development, personnel training, continuous control of costs, and enhancement of lighting product quality certification. To meet the challenges of next year.
(This article is submitted by Ronda Electronics)
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