Dingtian third quarter revenue of 373 million yuan, gross profit of 69 million yuan, gross profit margin of 18.63%, operating loss of 9.039 million yuan, after-tax loss of 12 million yuan, loss per share of 0.24 yuan for the fourth consecutive quarterly loss The first three quarters of revenue 8.93 billion yuan, down 11.93%, after-tax loss of 29 million yuan, loss per share of 0.59 yuan.
Dingtian GPS module factory, Quanta shares up to 38% held on the 30th that the law will be held, the Chief Financial Officer Huang Kai Lun pointed out that the fourth quarter of 2017 operating dimming, the full year to turn around the possibility of a deficit to profit this For the first time since the listing of Dingtian days loss, compared with peers, the performance is still robust in recent years GPS by the smart phone navigation system, the market has shrunk dramatically, most of the industry restructuring.
Dingtian also shift from a simple car navigation products, car audio and video with the market, and has received orders from domestic and foreign manufacturers, even if successful transformation, but financial performance was weak. Dingtian Huang Kailun pointed out that the reason for the loss is due to domestic and foreign The market is shrinking. The domestic market is mainly due to the cooperation of domestic automobile brands. However, in recent years, the domestic automobile market in Taiwan has been squeezed by the expansion of imported car market, which also indirectly affects the shipment volume of Dingtian.
As for the international car customer orders, it is learned that shipments in the third quarter is expected to start, but also led to the third quarter revenue growth compared with the second quarter, Dingtian third quarter revenue up 28%, while the two sides are in the initial stage of cooperation , Profit margins are limited. However, as the client has a huge market in Japan, Dingtian has the opportunity to continuously expand its product line after entering into the supply chain.
Mitac group's mobile communications business, but also to GPS as the core, by the shrinking market impact in recent years, continued losses, continued transformation under the hard work, has finally achieved, has been Subaru and other depots using its system, from the one-time sales shipments Mode, into long-term charges. Dingtian said that it is also in the transition phase, 2018 is expected to have better performance.
Huang Kelun said that it is also developing a driving recorder and a 360-degree panoramic radar system. At present, most systems use image recognition and will be affected by weather. Dingtian is developing radar detection and it is estimated that the second half of 2018 or 2019 will be roll out.