Dongbei Q3 revenue of 1.5 billion yuan in Taiwan dollars per share loss of 0.19 yuan

September 06, 2019

[High-tech LED News] LED packaging factory Dongbei this year Q3 was affected by the international TV manufacturers' sales situation is not as expected, as well as the conversion of new and old models of customers, the single-season revenue fell to about NT$1.5 billion, and the industry maintained in the single quarter. Profit, but the outside market was recognized for the loss of investment losses, resulting in a Q3 single-quarter loss after tax of NT$64 million and a loss per share of RMB0.19 per share. In the first three quarters, the consolidated revenue was approximately NT$4.92 billion and the consolidated gross profit margin was approximately 16.4%. The net profit after tax for the first three quarters was approximately RMB138 million, and the after-tax earnings per share was approximately RMB0.42.

Looking forward to Q4, Dongbei said that as some TV TV new models are expected to be listed in the first quarter of next year, shipments are expected to increase before the end of the year, and the Q4 industry should not have any major evaluation losses. The Taiwan dollar exchange rate has remained stable at more than 30 yuan, and it is estimated that the company's Q4 should be able to recover profits.

In terms of lighting, Dongbei believes that it is estimated that the retail price of LED bulbs in 2012 is expected to be 20%-30% lower than this year, and continue to promote the expansion of LED lighting applications.

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