Recently, China's Taiwan LED chip makers' revenue data for November was released. Leading Crystal's November revenue was NT$1.771 billion, down 7.6% from the previous month and down 14.66% year-on-year; 8 LED chips including crystal power The total revenue of the company was NT$3.3 billion, down 15.1% year-on-year and 9.5% quarter-on-quarter.
The overall situation of LED companies in Taiwan has shown a downward trend. Will the same situation occur in mainland China? In response, the reporter visited listed companies, industry and institutions to obtain the latest industry trends.
Taiwan LED enterprise general decline in November sales <br> <br> latest data show that in November this year, eight in Taiwan LED chip companies (Formosa, the tripod yuan, Mitsuhiro, Opto, China, Epistar, Thai Valley , New Century Optoelectronics) total revenue of 3.30 billion Taiwan dollars, down 15.1% year-on-year, a decrease of 9.5%.
Among them, LED chip makers Jingdian, Longda, and Yuanyuan's revenues in November decreased by 7.64%, 2.4% and 29.75% respectively, especially the leading crystal power was hit hard, except for the decline in the chain, the year-on-year decline was even more Up to 14.66%. In addition, nine LED packaging companies (Jihong, Dongbei, etc.) totaled NT$0.64 billion in revenue, up 9.06% year-on-year and 4.3% quarter-on-quarter.
In fact, the reporter noted that LED companies in Taiwan have already taken the lead. In September, Taiwan's four major LED chip makers Jingdian, Lunda, New Century, and Yuanyuan's revenues all fell, with the declines of 11.9%, 5.6%, 22.1%, and 11.7%, respectively; September revenues increased by 1.55% from the previous month.
In October, the situation continued to deteriorate. LED chip makers' crystal and sleek revenues fell 15.48% and 36.22% respectively. Combined with the latest data in November, the chip and packaging links have performed poorly, and the decline of the entire industry has not yet reversed.
A-share companies <br> <br> little downward pressure on the case of Taiwan LED general corporate revenue continues to decline, mainland colleagues whether there was the same situation?
The reporter called Guoxing Optoelectronics (002449) and Ganzhao Optoelectronics (300102) as investors. Guoxing Optoelectronics staff said that it did not find fewer orders or other corresponding conditions. The company's operations are still the same as in previous years, and there is no big fluctuation. The company is almost full. The staff of Ganzhao Optoelectronics said that the relevant statistics have not yet come out, and the overall situation is still ok.
Zhang Hongbiao, research director of the High-tech LED Research Institute, told reporters that most of the companies in the fourth quarter of this year indicated that the whole market is relatively cold, especially in the middle and upper reaches of the entire industrial chain. There are two reasons for this situation: First, many LED companies in the first half of the year rushed quickly, some of the stocks of the company have not yet digested, many companies are digesting inventory in the fourth quarter; second, the LED industry in the previous four quarters will be stocked in the middle and lower reaches. Now, the market price changes faster, the system is more mature, and everyone will not actively stock up, resulting in reduced demand. Most LED companies in Taiwan do chip and package, and their sales are related to stocking.
"The other thing to note is that the customer groups of LED companies in Taiwan, such as packaging, are mainly based on backlights. The mainland LED companies do not have such a large backlight customer base. Instead, there are many lighting customers. Currently indoor lighting terminals. The growth rate is still maintained at more than 70%, and the market demand is still relatively obvious."
A brokerage researcher said that the fourth quarter itself is the off-season of the LED industry. Bad transcripts are normal. It is not possible to think that the turning point is due to the sharp decline in the off-season revenue. After all, market demand still exists.
Industrial Securities analysts mentioned in the research report that the packaged end of November revenue decreased by 4.3%, and the package side is closer to the downstream, indicating that the LED industry's business climate has declined. In November, chip-end revenues fell 9.5% from the previous month, which was greater than last year (4.8%). In the medium and long term, the upstream chip factories in Taiwan have not expanded their production this year, and the release of new capacity from mainland Sanan Optoelectronics (600703), Huacan Optoelectronics (300323) and Aoyang Shunchang (002245), Taiwan The share of the manufacturer's chip is bound to decrease. This should be a trend. The gap between mainland chip manufacturers and Taiwanese manufacturers is gradually narrowing, and the future share is expected to further increase. According to the tracking, compared with the third quarter, there is no downward pressure on the shipments of mainland chip manufacturers in October and November.
The overall situation of LED companies in Taiwan has shown a downward trend. Will the same situation occur in mainland China? In response, the reporter visited listed companies, industry and institutions to obtain the latest industry trends.
Taiwan LED enterprise general decline in November sales <br> <br> latest data show that in November this year, eight in Taiwan LED chip companies (Formosa, the tripod yuan, Mitsuhiro, Opto, China, Epistar, Thai Valley , New Century Optoelectronics) total revenue of 3.30 billion Taiwan dollars, down 15.1% year-on-year, a decrease of 9.5%.
Among them, LED chip makers Jingdian, Longda, and Yuanyuan's revenues in November decreased by 7.64%, 2.4% and 29.75% respectively, especially the leading crystal power was hit hard, except for the decline in the chain, the year-on-year decline was even more Up to 14.66%. In addition, nine LED packaging companies (Jihong, Dongbei, etc.) totaled NT$0.64 billion in revenue, up 9.06% year-on-year and 4.3% quarter-on-quarter.
In fact, the reporter noted that LED companies in Taiwan have already taken the lead. In September, Taiwan's four major LED chip makers Jingdian, Lunda, New Century, and Yuanyuan's revenues all fell, with the declines of 11.9%, 5.6%, 22.1%, and 11.7%, respectively; September revenues increased by 1.55% from the previous month.
In October, the situation continued to deteriorate. LED chip makers' crystal and sleek revenues fell 15.48% and 36.22% respectively. Combined with the latest data in November, the chip and packaging links have performed poorly, and the decline of the entire industry has not yet reversed.
A-share companies <br> <br> little downward pressure on the case of Taiwan LED general corporate revenue continues to decline, mainland colleagues whether there was the same situation?
The reporter called Guoxing Optoelectronics (002449) and Ganzhao Optoelectronics (300102) as investors. Guoxing Optoelectronics staff said that it did not find fewer orders or other corresponding conditions. The company's operations are still the same as in previous years, and there is no big fluctuation. The company is almost full. The staff of Ganzhao Optoelectronics said that the relevant statistics have not yet come out, and the overall situation is still ok.
Zhang Hongbiao, research director of the High-tech LED Research Institute, told reporters that most of the companies in the fourth quarter of this year indicated that the whole market is relatively cold, especially in the middle and upper reaches of the entire industrial chain. There are two reasons for this situation: First, many LED companies in the first half of the year rushed quickly, some of the stocks of the company have not yet digested, many companies are digesting inventory in the fourth quarter; second, the LED industry in the previous four quarters will be stocked in the middle and lower reaches. Now, the market price changes faster, the system is more mature, and everyone will not actively stock up, resulting in reduced demand. Most LED companies in Taiwan do chip and package, and their sales are related to stocking.
"The other thing to note is that the customer groups of LED companies in Taiwan, such as packaging, are mainly based on backlights. The mainland LED companies do not have such a large backlight customer base. Instead, there are many lighting customers. Currently indoor lighting terminals. The growth rate is still maintained at more than 70%, and the market demand is still relatively obvious."
A brokerage researcher said that the fourth quarter itself is the off-season of the LED industry. Bad transcripts are normal. It is not possible to think that the turning point is due to the sharp decline in the off-season revenue. After all, market demand still exists.
Industrial Securities analysts mentioned in the research report that the packaged end of November revenue decreased by 4.3%, and the package side is closer to the downstream, indicating that the LED industry's business climate has declined. In November, chip-end revenues fell 9.5% from the previous month, which was greater than last year (4.8%). In the medium and long term, the upstream chip factories in Taiwan have not expanded their production this year, and the release of new capacity from mainland Sanan Optoelectronics (600703), Huacan Optoelectronics (300323) and Aoyang Shunchang (002245), Taiwan The share of the manufacturer's chip is bound to decrease. This should be a trend. The gap between mainland chip manufacturers and Taiwanese manufacturers is gradually narrowing, and the future share is expected to further increase. According to the tracking, compared with the third quarter, there is no downward pressure on the shipments of mainland chip manufacturers in October and November.
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