Guanglei (2340) orders strong, initially estimated December revenue of more than NT$600 million, an opportunity to hit a new high since July 2008. In terms of orders, it is estimated that revenue in the fourth quarter is expected to grow by more than 20% compared with the third quarter. Profits are expected to double from the third quarter, setting a new high for the single quarter this year.
Since LED TV and LED Monitor entered the high growth period in 2010, the upstream LED chips may continue to be in short supply. Under the surge of new Chimei orders, Nichia will release more OEM orders to Guanglei in the future, along with the new beauty and the day. Asianization cooperation is getting closer and closer. It is estimated that in 2010, Guanglei will be able to grow 0.5 to 1 times more chips than in 2009, and 600 million will be seen on the market. And Guanglei recently received a large-scale display on the large-scale display of the Taiwan Pavilion of the Shanghai World Expo. The order has also been shipped since December, leaving Guanglei's fourth quarter and first quarter 2010 results to be weak.
It is understood that Guanglei's revenue in November was 573 million yuan, an annual growth of 53.35%, and the accumulated revenue from January to November was 4.782 billion yuan. Since large-screen display orders have been shipped since December, the company estimates that December revenue has more than 600 million yuan, a record high since July 2008. Fourth-quarter revenue is expected to grow more than 20% from the third quarter. Under the gross margin, the profit is expected to double from the third quarter, setting a new high in 2009.
Since LED TV and LED Monitor entered the high growth period in 2010, the upstream LED chips may continue to be in short supply. Under the surge of new Chimei orders, Nichia will release more OEM orders to Guanglei in the future, along with the new beauty and the day. Asianization cooperation is getting closer and closer. It is estimated that in 2010, Guanglei will be able to grow 0.5 to 1 times more chips than in 2009, and 600 million will be seen on the market. And Guanglei recently received a large-scale display on the large-scale display of the Taiwan Pavilion of the Shanghai World Expo. The order has also been shipped since December, leaving Guanglei's fourth quarter and first quarter 2010 results to be weak.
It is understood that Guanglei's revenue in November was 573 million yuan, an annual growth of 53.35%, and the accumulated revenue from January to November was 4.782 billion yuan. Since large-screen display orders have been shipped since December, the company estimates that December revenue has more than 600 million yuan, a record high since July 2008. Fourth-quarter revenue is expected to grow more than 20% from the third quarter. Under the gross margin, the profit is expected to double from the third quarter, setting a new high in 2009.
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