Jingdian will hold a regular shareholders meeting this week, the market will focus on the division of the various businesses of Jingdian, and the impact of continuing new production capacity in mainland China.
In the report to shareholders, Jing Bing Chairman Li Bingjie pointed out that after the expansion of production capacity in the Chinese mainland in the fourth quarter of last year, new overcapacity issues affected the balance of the LED market. It is expected that demand will recover in the third quarter of this year. Will use new technologies in the market, such as Mini LED application of mobile products or laser applications, to balance the impact of excess capacity.
Li Bingjie also stated that as countries around the world attach great importance to energy conservation and environmental protection issues, and due to the improvement of luminous efficiency and the miniaturization of LEDs, the LED market still has potential development opportunities. For example, the demand for LED high-efficiency tube and filament-type LED bulbs is increasing year by year. With substantial growth, the penetration rate of LEDs in lighting and automotive applications continues to increase. LED plant lighting applications are increasingly being considered and IR (infrared) LEDs are in control, smart phone sensing, and Mini LED are used in various displays. Estimated crystal chip shipments this year to 562.9 billion.
As for the promotion of the VCSEL (Vertical Resonant Cavity Surface-Laser) foundry business, Li Bingjie pointed out that in addition to the significant growth in the sales volume of VCSEL epitaxial wafers that have been used for data transmission, Jingdian has started to apply it to this year. Tested VCSEL products.
Li Bingjie also said that since the second half of the year of the same year, crystal power has seen a slight improvement in the supply and demand conditions of the nitride LED. However, since the fourth quarter of last year, the capacity expanded by the industry in this year has gradually opened again, and the competition has turned increasingly fierce. Although the environment is getting worse, Jingdian still does not abandon the goal of turning losses into profits, and is fully committed to reducing operating costs and optimizing the product mix. As a result, the net consolidated operating income for the year 106 was approximately 1% lower than that in the year of 105, but the consolidated net profit for the year ended 2010 was 106. New Taiwanese currency of 2.31 billion yuan. Consolidated NT net profit of NT 1.69 billion after taxation. Not only did it turn a profit, but profitability increased dramatically, exceeding the budget target.