Due To The Demand For Inventory Replenishment, Taiwan LED Plant Recovered In May

Due to the demand for inventory replenishment, Taiwan LED plant recovered in May

Faced with the opening of new production capacity in mainland China and the increase in supply, the LED population in China’s Taiwan region has experienced several consecutive quarters of inventory adjustments. Recently, as demand for inventories has risen, there has been signs of recovery in revenue. LED Epitaxial/Grain Large-scale Crystal Power May revenue increased by nearly 9% in May. Because LED prices have fallen in the past few quarters, if compared with the same period last year, revenue is still mostly reduced.

The LED packaging giant, Everlight, led by backlight and lighting inventory recovery, the monthly revenue increased by 2.4% in May. However, due to price competition, it still declined by 16% year-on-year. The accumulated revenue in the first five months was still reduced by 10%. Similarly, with support from the Group, RongGeng, which is mainly used for consumer applications such as backlighting, increased its monthly revenue by 25.7% in May, but decreased by 6.56% year-on-year. Guang Lei and Ding Yuan warmed up due to the demand for sensing components. In May, revenue rose by 13.37% and 5.68% respectively, and they also grew by 5.9% and 6.97% respectively compared with the same period of last year. Dingyuan created a nearly three-year high in the same period.

Turnover of the LED packaging plant that turned to the niche application market in Dongbuy in May was 479 million yuan (NT, the same below), which rose by 6.6% month-on-year and increased by 11.6% year-on-year. Qihong’s revenue in May was 165 million yuan, a monthly increase of 25.2%, an annual increase of 9.44%, a new monthly high since the beginning of this year. High-power LED packaging plant Ai Feisen dropped out of low-profit PLCC last year and actively turned to the automotive market to optimize the product portfolio. In May, revenue rose 23% month-on-year, 30.7% year-on-year, and reached a band-high of nearly 14 months. The LED packaging factory Guangding’s revenue in May increased by 50.7% month-on-year and by 19.4% year-on-year, mainly due to the stability of LED industry and the sales of real estate sales.

Lead frame factory policy focus on CPU / connector fasteners, heating film, lead frame, automotive heat and other four major product lines, May revenue of about 386 million yuan, monthly decrease of 0.35%, but increased by 36%.

Tangshi Lighting Lighting Factory returned due to European ODM orders, and revenue stood at RMB 104 million in May. It increased by 4.9% month-on-year and 28.3% year-on-year, hitting a new high for 24 months. The cumulative revenue for the first 5 months increased by 11.4. %. The landscape lighting factory Grand Canyon-KY was affected by the timing of billing. In May, revenue fell to 129 million yuan, a monthly decrease of 30%, and an annual increase of 2.2%. Accumulated revenue for the first five months is still growing 126.66% annually. The company's prospects for landscape lighting projects in the Mainland in the next two years are still promising. Whether or not the Suzhou subsidiary plans to go to Shenzhen A-share listings in the mainland will affect the allocation of parent and subsidiary company's business resources. It remains to be seen.