LED industry welcomes rising prices

This year’s LED price increase was triggered by optocouplers (invisible light). Lite-On and Everlight followed up with international manufacturers to increase prices, mainly due to rising costs. Starting in the second quarter, Epistar and Long Dada joined the ranks of price increases, and began to reflect the benefits of price increases in the second quarter.

As for the LED chip part, Sanan Optoelectronics joined the price increase of quaternary LED chips and is in a situation of slight increase. The world’s major quaternary LED factory Jingdian currently maintains a full capacity, while the blue LED part has begun to ship due to MiniLED. The overall price of blue LEDs has stabilized.

According to LEDinside, large-scale LED packaging companies and display billboard manufacturers in mainland China also adjusted their prices in May to varying degrees. For example, LED packaging leader Mulinsen has increased by 20-30% this year. Since the beginning of this year, Mulinsen has executed the increase twice. Price action.

Everlight, the leader in LED packaging, has adjusted the price of optocouplers, entered the harvest period for automotive products, and has strong demand for ultra-fine-pitch display billboards. The legal person estimates that Everlight’s 2021 earnings per share will look at 4.5-5 yuan (NTD, The same below), the profit is expected to set the best record in seven years.

Everlight’s automotive products were released later than expected due to the lengthy impact of the automotive industry certification. Related products completed certification this year. The new plant in Miaoli in Taiwan will expand production. This year, automotive-related products are expected to rise from single-digit percentage points to Double digits.

In addition, Edison, a downstream LED manufacturer, has made a successful transformation, supplying car lamp modules to Tier 1 car factory, driving the proportion of car revenue to rise to 25-30%, becoming one of the main product lines, and the company plans to extend downstream to car The finished lamp is expected to be delivered in small quantities in the second half of the year. Edison expects that with the relief of the supply of automotive chips, the automotive lamp module is expected to restart in August.

Addison turned a loss to profit last year, with a profit of 42 million yuan for the year, a net profit of 0.35 yuan per share after tax, and a net profit of 0.29 yuan per share after tax for the first quarter of this year. 0.1 yuan, the company's profit in the first quarter and May reached 46 million yuan, with a surplus of 0.39 yuan per share, and it has already earned more than last year.

As the proportion of Edison's component products has decreased, LED modules and finished products have been replaced by LED modules. After turning a profit last year, the legal person estimates that Edison’s revenue this year is expected to grow by 20-35%, and this year’s earnings per share is expected to be challenging. Starting at 1 yuan.

In addition, Fortune's first-quarter financial report has been close to the point of balance of profit and loss, and the gross profit margin has soared to 13.7%, which has nearly doubled compared with the previous quarter and increased by more than 10% compared with the same period last year. Based on the excellent financial report of the first quarter, the foreign investment circle is expected to increase the EPS estimate of Fucai in 2021. The previous foreign capital's profit valuation for Fucai was only 0.52 yuan.

Fucai’s MiniLED products began mass production and shipment in March of this year. With the help of orders from US customers, Fucai’s monthly revenue has risen month by month. 3.335 billion yuan, a monthly increase of 1.59%.

In the case of continuous price increases by major factories, we: Dongguan Zhiding Electronic Technology Co., Ltd. still insists on using good raw materials, providing customers with competitive prices, and doing our best to cooperate with domestic and foreign small and medium-sized enterprises. Production.