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Affected by the reduction in work and shipment days, LED packaging plants' revenue in February fell more than last month. The revenue of Yiguang and Qihong in February decreased by more than 10% from the previous month. Hongqi's February revenue decreased by 29%, and Huaxing's February revenue decreased by 47%. Only Dongbei's February revenue did not decrease. 4% increase from the previous month. It is expected that with the recovery of working days in March, and the demand for LED large-size backlight and lighting will continue to grow, the LED packaging factory will resume its revenue in March, which will help the first quarter revenue to stabilize.
In December, Everlight's revenue was NT$1,023 million, a decrease of 11.88% month-on-month and a year-on-year growth of 70.32%. Customers benefiting from the large-size backlight customers from Taiwan, China and South Korea have been in place, and the legal person estimates that Yiguang will gradually drive the shipment of large-size backlight products, and the capacity will increase after the expansion. There are opportunities to challenge 14-15 billion yuan.
Qihong’s revenue in February was 279 million yuan, a decrease of 19.7% month-on-month and an increase of 12.99% year-on-year. It is estimated that the revenue in March will rebound significantly to 450 million yuan, making the first quarter revenue reach 1.0-1.1 billion yuan.
Hongqi's revenue in February was 211 million yuan, a decrease of 29% in the month and a 42% increase in the same period of the previous year. The legal person estimates that Hongqi’s revenue in March is expected to rise to around 300 million yuan.
Huaxing's revenue in February was 0.82 billion yuan, 47% month-on-month, and 12% year-on-year. The recession was the most serious. However, Huaxing stressed that the current orders for LED lighting products are still good, and it is expected that revenue will rise in March this year.
In the LED cabinet factory in the listed cabinet in February, only Dongbei did not decrease. Dongbei's February revenues were 362 million yuan, up 4% month-on-month, and 112% year-on-year. With large-size backlight orders and shipments growing, Dongbei's March revenue estimates will have a chance to challenge historical highs.
The legal person estimates that billions of light, Dongbei, and Hongqi's revenue in the first quarter of this year are expected to increase by about 5% from the previous quarter.
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