Longda Electronics announced Q3 performance report net profit after tax of 176 million Taiwan dollars

Ronda Electronics announced its third quarter 2013 financial statements on the 4th. The consolidated revenue for the third quarter of 2013 was NT$3.696 billion, a decrease of 3.9% from the second quarter and an increase of 27.7% from the same period last year. The gross profit margin of the consolidated business in the third quarter was 15%, a slight decrease of 2% from the second quarter. The third quarter net profit after tax was 176 million yuan, and the basic earnings per share was NT$0.35. The consolidated revenue for the first three quarters of 2013 was NT$10.429 billion, the consolidated operating margin was 14%, and the net profit after tax was NT$915 million. The basic earnings per share for the first three quarters was NT$1.82.

Zhang Boyi, chief financial officer and spokesperson of Ronda Electronics, said that the peak season was not strong in the third quarter. The main factors included: First, mainland backlight customers pulled goods early in the second quarter, while third-quarter stock levels were high and demand weakened. Second, the speed of notebook and tablet conversion applications is accelerating; Third, the lighting market still has a large price competition pressure. However, due to the vertical integration of Lunda's operation model, the products are properly deployed at various stages such as die, package, module, and finished lighting to effectively control costs. Therefore, the gross profit performance is in line with expectations. And the inventory turnover days maintain the same 64-day reasonable water level as the second quarter, and the assets are managed effectively.

Longda Electronics said that in the third quarter of the product development, the Ronda handheld device LED successfully entered the Japanese first-line mobile phone brand with its high efficiency and low energy consumption. In addition, the straight-down TV backlight of Ronda continued to grow. In the third quarter, it has accounted for half of TV application revenue, and it is expected to continue to grow in the future. At the same time, it will launch thin-type direct-lit TV application LED products. The special optical design can reduce the light-mixing area of ​​the backlight module to 1.5 cm (OD15). Advanced optical technology will be applied to a new generation of TV panels.

In the first quarter of this year, Lunda Electronics acquired Power Alliance, and the plant and production integration project in Taiwan has gradually produced benefits. Currently, the integration of Suzhou plant and production equipment in the mainland is underway, and the mainland business and supply chain step is strengthened. Will be able to play a comprehensive effect.