Jingdian, New Century Announces 2010 Q3 Financial Report

LED chip Dachang Jingdian (2448) consolidated revenue of 16.189 billion NT dollars in the first three quarters, with a gross profit margin of 39.52%, an operating profit of 4.628 billion yuan, a pre-tax surplus of 5.2 billion yuan, and a net profit after tax of 4.628 billion yuan per share. The net profit after tax was 5.78 yuan, and the overall performance was better than expected.

Jingdian Q3 consolidated revenue in the first quarter was about 6.1 billion yuan, and the gross profit margin in the single quarter reached 40.7%, which was a contrarian growth from Q2's 39.5%. The net profit in a single quarter reached 1.7 billion yuan, and the operating net profit margin was also close to 30%. The net profit after tax in a single quarter was 1.9 billion yuan, and the net profit per share after tax was 2.31 yuan, which was higher than Q2.

Jingdian said that Q3's operation continued to grow, mainly benefiting from the growth of LCD TV backlights (Back Light), and the demand for lighting products is also good, but the status of notebook computers is still not ideal. At present, the revenue of crystal TV backlight products and lighting products accounted for 25% and 20% respectively, and the revenue of other products was 55%.

Looking ahead to Q4, Jingdian said that revenue may decline month by month, but as the end-user inventory has reached a relatively low level, and in order to lay out the 2011 market, customers' orders in October and November are slightly slightly higher than September. It is picking up, but the overall situation in a single quarter is still unclear.

In the new century (3383), the accumulated revenue for the first three quarters was NT$1,86,634 million, with a gross profit margin of 35.86%, a profit margin of 20.84%, a post-tax surplus of 399 million yuan, and an EPS of up to 2.62 yuan, higher than the expected level of 2 yuan.

The company's Q3 revenue reached 888 million yuan, a quarterly increase of 38%, mainly due to the simultaneous warming of shipments of various applications such as TV backlighting, lighting, and kanban. Q3's profit per share exceeded NT$1.37. It grew by more than 70% compared with Q2's 0.78 yuan.