In the first quarter of this year, Ronda was affected by the off-season, LED price decline and the US dollar. The single-quarter small loss was 0.08 yuan (NTD, the same below). Looking forward to the second quarter, the legal person's revenue performance will be better than the first quarter, targeting new technologies. In part, Ronda's Mini LED is expected to be shipped in small quantities in the third quarter, and will contribute to revenue next year, while VCSEL is slower and will be expected to ship in small quantities next year.
The crystal Mini LED application will be shipped in the second half of the year, and Ronda will not give up, it will be shipped in the third quarter, and it is expected to contribute revenue next year. However, for the VCSEL part, Ronda said that due to Apple iPhone X The sales were not as good as expected, resulting in a biased attitude towards customers. The current progress is slow, but the company continues to introduce R&D. It will be introduced to customers in the second half of this year, and it is expected that the market will be expected next year.
In addition, Ronda's new plant in Luzhou, Anhui Province, has entered the trial production stage according to the progress, and is currently recruiting and training talents. The production projects include grain, packaging, parts and finished product assembly. After Lunda, following Suzhou and Xiamen, The third production base established in the mainland.
In order to improve profitability, Ronda will continue to adjust its product portfolio this year, including the convergence of lighting products business, strengthening the customized design and technical services of lighting modules, as well as strengthening the layout of backlight customers, investing in new technologies such as Mini LEDs, and improving the application of lights. The proportion of high-order crystal grains and package products, and so on. At the same time, it is also accelerating product development and market layout of front-end optoelectronic applications such as automotive, sensor, biometrics, and UV.
At present, the proportion of backlight products accounts for about 60% of Ronda's revenue, and the proportion of lighting products is about 30%. The total proportion of other niche products is about 10%.
Although gross profit margin rose to 14.9% last year, a record high of nearly 7 years, earnings per share of 0.25 yuan. However, in the first quarter of this year, due to the traditional off-season, the cost of relocation of the factory in Zhangzhou, exchange rate fluctuations, and LED price decline, the single-quarter revenue fell to 2.648 billion yuan, down 15.7% year-on-year, which was the lowest in the 21st quarter; the gross profit margin was 12.24%. The annual decrease was 1.7 percentage points, which was the lowest in the past five quarters; the after-tax loss was 38 million yuan, and the loss per share was 0.08 yuan, which was the lowest season in the past five seasons.
In April this year, the battalion recovered to 992 million yuan, a monthly increase of 7.7% and a year-on-year decrease of 2.4%. The revenue for the first four months was 3.64 billion yuan, down 12.44% year-on-year. It is expected that the first quarter should be the bottom of this year, the second quarter revenue is expected to be better than the first quarter, and the second half will have a better chance than the first half. As for gross profit margin and profit performance, it is still necessary to continuously observe changes in product mix and LED price trends, exchange rates and other factors.
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