LED industry stock market shines macro Qi Yiguang crystal power strong


The LED group was hit by the quarterly report last week, and the stock price was seriously affected. However, due to the high growth of the industry, the LED population will shine with the stock price correction and the popularity of the electronic stocks returning to the mainstream. (6168) led the army to attack the daily limit, Yiguang (2393) followed up with a surge of more than 4%, and Jingdian (2448) rebounded strongly from black and red, driving the entire ethnic group to perform strongly.

The first quarterly report before the end of April was released, and the stock prices of related stocks were also suppressed. Among them, the LED group's crystal performance was the most disappointing, the gross profit margin fell to 21%~23%, and the profit per share was less than 0.8. Yuan, the impact of the stock price fell below 80 yuan, but also affected the overall ethnic momentum. However, as the negatives have disappeared and the electronic stocks stabilized, yesterday (23), the crystal power finally stabilized and rebounded, which has a supporting effect on the shareholding of the ethnic group. The LED population has a good price today, and generally has a 2% increase. Among them, Hongqi, Yiguang, Yuyuan (3061), Yiquan (2486), and Yuhong (3031) have grown in the second quarter. Incentives in early trading of individual stocks are relatively eye-catching.

In the first quarter of the LED epitaxial second-line factory, the gross profit margin is expected to be better than that of the crystal. In the fourth quarter of last year, the revenue of the company was 417 million yuan, the gross profit margin was estimated to be more than 30%, and the first quarter revenue was 412 million yuan. Due to the relatively high utilization rate in the off-season, the legal person estimated that the company even deducted employee dividends. Cost, exchange loss and off-season price decline factors, the first quarter gross profit margin is still estimated to reach 27% to 28%, the first quarter after-tax net profit per share is estimated to be about 0.2-0.25 yuan. In addition, it is also optimistic about the second quarter revenue and the gross profit margin will increase simultaneously. It is estimated that the annual EP will reach 1.6 yuan to 1.8 yuan.

Hongqi's gross profit margin for the whole year last year was about 22%. In the fourth quarter, due to the improvement of product mix and production scale, the gross profit margin was further increased to 24%. The legal person pointed out that in 2007, the LED market grew substantially, and Hongqi also benefited. The company began to set up new machines in 2007, and the new production capacity was officially put into operation from the end of February 2008, although it was affected by the decrease in working days in February. Revenue, but since March, the mainland mobile phone inventory adjustment has come to an end, the mainland white card mobile phone orders have also returned to warm, the operation in 2008 will gradually become better.



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