Thanks to strong demand from downstream customers and rising LED TV shipments, Taiwan's Haoyuan Optoelectronics (3061) Q2 achieved a new high.
Among them, Q2 consolidated revenue was NT$1,368 million, a significant increase of 85.86% compared with Q1, operating gross profit was NT$633 million, a 1.26 times increase over Q1, and the average gross profit margin in a single quarter rushed to 46.27%. The pre-tax surplus was NT$478 million, a 1.39-fold increase over Q1, and the after-tax profit reached NT$432 million, a 1.19-fold increase over Q1, both hitting a single-quarter high.
In the first half of the year, the consolidated revenue reached NT$2,104 million, the operating margin was NT$912 million, the average gross profit margin was 43.36%, the pre-tax surplus was NT$678 million, and the after-tax surplus was NT$629 million. The earnings per share was 1.85 yuan.
Due to the increase in shipments of LED lighting, Yuyuan has a “prudent and optimistic†attitude towards the second half of the year. It is estimated that the second half of the year is expected to surpass the first half of the year. This year's results have the opportunity to hit a record high.
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