Taiwan LED packaging plant's February revenues both showed growth
In February 2010, Taiwanese LED chip maker Epistar and LED packaging manufacturers Everlight EL ectronics, Lite-On Technology and Harvatek saw significant year-on-year growth. The situation is mainly due to the strong demand for LED backlights (BLU) for LCD TVs.
In February, Jingyuan Optoelectronics' total revenue reached NT$1.27 billion (US$39.8 million), down 2.56% from the previous month, but up 83.97% year-on-year. The company's January-February revenue reached NT$2.57 billion, a growth rate of 130.3%.
Jingyuan Optoelectronics pointed out that its order visibility will continue into the second quarter of 2010, and orders in March will be 30-40% higher than its capacity. Despite the small number of working days in February, the company's TV LED backlights and AlGaInP LED orders are strong. The company also said it expects its March revenue to show growth.
Market observers said that Jingyuan Optoelectronics' revenue in March is expected to reach NT$1.4 billion. At the same time, the company's total sales in the first quarter amounted to NT$3.8-3.9 billion. Market observers also said that the company's second-quarter revenue is expected to grow 10-20% from the previous quarter, reaching NT$4.2-4.6 billion.
Everlight Electronics announced that its February revenues reached NT$10.2 billion, down 11.88% from the previous quarter but up 70.32% year-on-year. The company's cumulative income in January-February was NT$2.18 billion, a year-on-year increase of 93.11%.
According to market observers, Everlight Electronics plans to expand its monthly production capacity of SMD LEDs, which will increase to 13 billion units by the end of March and will increase to 17.5 billion units by the end of the second quarter. Sources estimate that Everlight's second-quarter revenue will increase by 15-20% from the previous quarter.
Lite-On Technology announced that its consolidated revenue for February reached NT$8.53 billion, down 9.16% from the previous month, but up 40% year-on-year. The company's total sales in January-February reached NT$17.91 billion, a year-on-year increase of 48%.
Lite-On Technology said that in February, sales data of all major business units of the company showed an annual growth in revenue, and the annual growth rate of the photovoltaic (LED) and camera module business units was 50% and 34%, respectively.
Hongqi's revenue in February reached 2.1109 billion Taiwan dollars, down 29.26% from the previous month, but up 41.96% year-on-year. The company's accumulated revenue in January-February was NT$509.49 million, a year-on-year increase of 89.35%.
January 2009 to January 2010: Taiwan LED manufacturers Jingyuan Optoelectronics, Yiguang, Lite-On Technology and Hongqi Revenue (chart)
January 2009 to January 2010: Taiwan LED manufacturers Jingyuan Optoelectronics, Yiguang, Guangbao Technology and Hongqi revenue status
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In February, Jingyuan Optoelectronics' total revenue reached NT$1.27 billion (US$39.8 million), down 2.56% from the previous month, but up 83.97% year-on-year. The company's January-February revenue reached NT$2.57 billion, a growth rate of 130.3%.
Jingyuan Optoelectronics pointed out that its order visibility will continue into the second quarter of 2010, and orders in March will be 30-40% higher than its capacity. Despite the small number of working days in February, the company's TV LED backlights and AlGaInP LED orders are strong. The company also said it expects its March revenue to show growth.
Market observers said that Jingyuan Optoelectronics' revenue in March is expected to reach NT$1.4 billion. At the same time, the company's total sales in the first quarter amounted to NT$3.8-3.9 billion. Market observers also said that the company's second-quarter revenue is expected to grow 10-20% from the previous quarter, reaching NT$4.2-4.6 billion.
Everlight Electronics announced that its February revenues reached NT$10.2 billion, down 11.88% from the previous quarter but up 70.32% year-on-year. The company's cumulative income in January-February was NT$2.18 billion, a year-on-year increase of 93.11%.
According to market observers, Everlight Electronics plans to expand its monthly production capacity of SMD LEDs, which will increase to 13 billion units by the end of March and will increase to 17.5 billion units by the end of the second quarter. Sources estimate that Everlight's second-quarter revenue will increase by 15-20% from the previous quarter.
Lite-On Technology announced that its consolidated revenue for February reached NT$8.53 billion, down 9.16% from the previous month, but up 40% year-on-year. The company's total sales in January-February reached NT$17.91 billion, a year-on-year increase of 48%.
Lite-On Technology said that in February, sales data of all major business units of the company showed an annual growth in revenue, and the annual growth rate of the photovoltaic (LED) and camera module business units was 50% and 34%, respectively.
Hongqi's revenue in February reached 2.1109 billion Taiwan dollars, down 29.26% from the previous month, but up 41.96% year-on-year. The company's accumulated revenue in January-February was NT$509.49 million, a year-on-year increase of 89.35%.
January 2009 to January 2010: Taiwan LED manufacturers Jingyuan Optoelectronics, Yiguang, Lite-On Technology and Hongqi Revenue (chart)
January 2009 to January 2010: Taiwan LED manufacturers Jingyuan Optoelectronics, Yiguang, Guangbao Technology and Hongqi revenue status
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