Gross profit margin for the third quarter was 31.3%. Earnings per share for the first three quarters was 3.45 yuan.
Longda Electronics announced its own settlement of the third quarter financial statements. In the third quarter, the turnover was NT$ 2.64 billion, an increase of 10.9% over the second quarter. The operating gross profit was NT$ 827 million, and the quarterly growth rate was 21.0%. The gross profit margin was 31.3%. In the third quarter, the operating net profit was 618 million yuan, with a quarterly growth of 19.1%. The net profit after tax was NT$512 million, up 11.2% from the previous quarter. The basic earnings per share for the third quarter was 1.43 yuan, and the annual return on equity (ROE) was estimated to be 29.5%.
Third Quarter 2010 Financial Results Summary
Longda Electronics announced its own settlement of the third quarter financial statements for 2010, which is summarized as follows:
Turnover was NT$ 2.64 billion, an increase of 10.9% from the second quarter
Net profit after tax is NT$512 million
The basic earnings per share is NT$1.43
Gross profit margin is 31.3%
Operating net profit margin is 23.4%
Total LED shipments (in package count) for backlight applications in the third quarter of 2010 were approximately 667 million, a decrease of 13.8% from the previous quarter.
About Ronda Electronics
Longda Electronics Co., Ltd. (3698) is a subsidiary of BenQ AUO Group. It was established on May 23, 2008. It is the only professional manufacturer of ultra-high brightness LED (Light Emitting Diode) epichip (Epi) and chip in Taiwan. (Chip), packaging (Package) to energy-saving and intelligent lighting products, its product range includes LCD backlights, commercial lighting sources, consumer lighting sources and various lighting fixtures. Longda Electronics officially merged with Kaiding Technology in March 2010. Currently, the company employs approximately 2,100 people and is headquartered in the Science and Technology Park of Hsinchu City. The manufacturing base includes Taiwan Hsinchu Science Park, Hukou Industrial Park and Zhunan Science Park. Expanded to Suzhou, China.
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