Longda Electronics turned profitable in 2017 and trial production in the second quarter of Zhangzhou New Factory

Taiwan LED vertical integration Dachang Longda Electronics announced the fourth quarter of 2017 and the full year financial statements yesterday (14). In the fourth quarter of last year, the company's revenue declined. The consolidated revenue was 2.7 billion yuan and the quarter was down 14.8%. However, the gross profit margin was steady at 14.8%, the quarter was reduced by 0.6 percentage points, and the annual increase was 20.5 percentage points. The gross profit margin for the year reached 14.9%, a record high of nearly 6 years. The net profit after tax was about 129 million yuan (NTD, the same below), and the earnings per share was 0.25 yuan, which turned into a profit. The main reason is the continuous adjustment of the product mix, the improvement of production efficiency, and the growth of high-end product shipments.

For 2017, turning to profit, Longda Electronics said that the company is committed to improving profitability in 2017, optimizing from three aspects: adjusting product mix, improving production efficiency, and actively investing in high-end product technology. In the future, we will continue to expand high-tech lighting modules and high-end display backlight products, accelerate the development and market layout of new applications such as automotive, sensor, biometrics, and UV, and promote the mass production of Mini LED and VCSEL 3D sensing products. .

In addition, Ronda's construction of the new plant in Zhangzhou, Anhui Province has been completed. It is expected to be installed in March 2018 and trial production in the second quarter. Currently, talent recruitment and education are being actively carried out. In the future, the Zhangzhou plant will become the third production base of Longda Electronics in the mainland after Suzhou and Xiamen. The production projects include chip, packaging, parts and finished product assembly.


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