In the face of new capacity production and supply increase in mainland China, the LED population in Taiwan has undergone several consecutive quarters of inventory adjustments. Recently, the inventory replenishment demand has risen, and revenues have shown signs of recovery. LED epitaxial / grain large crystal power in May revenue increased by nearly 9%. Since the price of LED has fallen in the past few quarters, if compared with the same period last year, the revenue is still decreasing year by year.
Driven by backlight and lighting inventory, LED packaging giant Everlight increased its revenue by 2.4% in May, but due to price competition and 16% year-on-year decline, the accumulated revenue in the first five months was still reduced by 10%. In the same way, Rongchuang, which is mainly engaged in consumer applications such as backlighting, was supported by the Group. In May, its revenue increased by 25.7% in May, but it was reduced by 6.56%. Guanglei and Dingyuan increased their demand for sensing components. The revenue in May increased by 13.37% and 5.68% respectively, which was 5.9% and 6.97% higher than the same period of last year. Dingyuan also hit a new high in the same period in the past three years.
Dongbei, the LED packaging factory that turned to the niche application market, had revenue of 479 million yuan (NTD, the same below) in May, up 6.6% month-on-month and 11.6% year-on-year. Shunhong’s revenue in May was 165 million yuan, a month-on-year increase of 25.2% and an annual increase of 9.44%, a new monthly high this year. Edison, a high-power LED packaging factory, withdrew from the low-profit PLCC last year and actively turned to the automotive market to optimize its product mix. In May, revenue rose 23% month-on-month, 30.7% year-on-year, and hit a new high of nearly 14 months. LED packaging plant Guangding's revenue in May increased by 50.7% month-on-month and 19.4% year-on-year. The main reason was that LED industry was stable and real estate sales were recorded.
The lead frame factory is focused on four main product lines: CPU/connector fasteners, heat spreader, lead frame, and vehicle heat dissipation. The revenue in May was about 386 million yuan, a decrease of 0.35% in the month, but an increase of 36%.
The lighting factory Tangshi Lighting returned from the European ODM orders. The revenue in May was 104 million yuan, up 4.9% month-on-month and 28.3% year-on-year. It hit a new high of nearly 24 months. The accumulated revenue in the first 5 months increased by 11.4. %. The landscape lighting factory Grand Canyon-KY was affected by the record. The revenue in May fell to 129 million yuan, a 30% decrease and an annual increase of 2.2%. In the first five months of the accumulated revenue, the revenue still increased by 126.66%. The company is still optimistic about the prospects for mainland landscape lighting projects this year and next. As for whether the Suzhou subsidiary plans to go to the mainland Shenzhen A-share listing in the future will affect the allocation of business resources of the parent and subsidiary companies, remains to be seen.
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