Zhaoyuan increased its production capacity by 10 million US dollars or became the world's largest PSS
Zhao Yuanzi's Shandong Yuanhong Optoelectronics Board of Directors approved a cash increase of 10 million US dollars. According to the director of Zhaoyuan, the use of Yuanhong's capital increase is mainly to enrich working capital, purchase machinery and equipment and expand the plant, but does not include Yuanhong's production capacity. After Zhaoyuan officially merged with Sino-US Blue Crystal on January 1, 2013, the high-brightness patterned sapphire substrate PSS can see 1 million pieces per month, making it the world's largest PSS manufacturer.
Zhaoyuan’s third-quarter revenue was 318 million yuan (NTD, the same below), and the quarterly recession reached 35%. Due to the large decline in revenue in the third quarter, Zhaoyuan’s gross profit margin in the third quarter fell to 10.5% from 15.5% in the previous quarter. The industry made a small profit of RMB 11 million, but considering the loss outside the industry, the third quarter after the tax was slightly smaller. The loss was 0.02 billion yuan, and the after-tax EPS was -0.02 yuan.
Looking forward to the fourth quarter, as the LED industry enters the off-season in the fourth quarter, both demand and price are softer than the third quarter. However, Zhaoyuan has launched a new product, Carrier Wafer, which can be used in the process of GaAs power amplifier (PA) components. It is a large-size (36-inch or higher) product, compared with the current sapphire substrate of the same size. The price is several times higher than the sapphire substrate. It is still actively sampling and has been shipped in a small amount. It has positive impact on unit price and gross profit margin, and is expected to support the operating performance of Zhaoyuan in the fourth quarter.
In addition, Zhaoyuan’s merger of Sino-US Blue Crystal is expected to take effect on January 1 next year. Sino-US Blue Crystal's revenue for the first half of the year was 316 million yuan, the loss after tax was 1.89 million yuan, and the after-tax EPS was -0.05 yuan. The industry estimates that China-US Blue Crystal will contribute a new revenue of 839 million yuan in 2013, pushing up the annual growth rate of revenue of more than 50% next year.
Zhaoyuan’s third-quarter revenue was 318 million yuan (NTD, the same below), and the quarterly recession reached 35%. Due to the large decline in revenue in the third quarter, Zhaoyuan’s gross profit margin in the third quarter fell to 10.5% from 15.5% in the previous quarter. The industry made a small profit of RMB 11 million, but considering the loss outside the industry, the third quarter after the tax was slightly smaller. The loss was 0.02 billion yuan, and the after-tax EPS was -0.02 yuan.
Looking forward to the fourth quarter, as the LED industry enters the off-season in the fourth quarter, both demand and price are softer than the third quarter. However, Zhaoyuan has launched a new product, Carrier Wafer, which can be used in the process of GaAs power amplifier (PA) components. It is a large-size (36-inch or higher) product, compared with the current sapphire substrate of the same size. The price is several times higher than the sapphire substrate. It is still actively sampling and has been shipped in a small amount. It has positive impact on unit price and gross profit margin, and is expected to support the operating performance of Zhaoyuan in the fourth quarter.
In addition, Zhaoyuan’s merger of Sino-US Blue Crystal is expected to take effect on January 1 next year. Sino-US Blue Crystal's revenue for the first half of the year was 316 million yuan, the loss after tax was 1.89 million yuan, and the after-tax EPS was -0.05 yuan. The industry estimates that China-US Blue Crystal will contribute a new revenue of 839 million yuan in 2013, pushing up the annual growth rate of revenue of more than 50% next year.
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