On the evening of April 24, Guoxing Optoelectronics released the first quarter report of 2017, achieving an operating income of 653 million yuan, a year-on-year increase of 42.16%, and achieving a net profit attributable to shareholders of listed companies of 51.76 million yuan, an increase of 38.29%. At the same time, the company released the first half of 2017 performance guidance, the net profit attributable to shareholders of listed companies is expected to increase by 30% to 70%.

The packaging capacity continues to grow, and the small spacing illuminates the next year. In 2016, the company will seize the market opportunity and use its own funds totaling 1.05 billion yuan to expand the packaging production line. The SMD packaging capacity will increase by 40%. , rapid expansion to 6000 KK / month, which is 1200 KK / month in small pitch package. At the beginning of 2017, the company once again invested 200 million yuan to increase the production capacity of small-pitch packaging. It is expected to reach production in July. After the production, the company's small-pitch packaging capacity will reach 1700 KK / month, surpassing Everlight's global small-pitch packaging faucet. It is expected that the compound growth rate of the small-pitch market will remain above 50% in the next three years. The company is expected to take advantage of the industry's advantages and continue to expand its packaging capacity to lead the company's performance.

The technical strength is strong, and the leading position of the industry is stable. The display industry shows that the point spacing of the industry is shrinking, and the technical strength of the packaging enterprise is further improved. At present, the company has successfully developed small-sized indoor high-density high-density 0808/0606 and outdoor high-defense high-density 1921 devices, achieving indoor P2/outdoor P4 small-pitch high-density display, and has first-mover advantage and quality advantage in the global high-end market. . At the same time, the company actively deployed forward-looking semiconductor technology. The flip chip CSP advanced packaging technology took the lead in mass production in China. In 2016, it invested in RaySent Company of the United States to lay out the third-generation semiconductor related technology based on silicon substrate. The company's technology research and development strength is leading in the industry, and its leading position cannot be shaken.

The chip business is expected to turn losses, and the industrial chain integration advantage gradually reflects the completion of the company's management integration of National Star Semiconductor and Yaweilang Technology in 2016. Through intelligent transformation, the capacity growth will be 40% under the same number of equipment, with the LED chip market. Gradually warming up, the gross profit margin of the chip business has stabilized and rebounded, and the company's chip business is expected to turn losses into profit this year. Based on the package, the company promotes the vertical integration development strategy of the upstream and downstream of the industrial chain. At the same time, it leverages the vast platform of major shareholders to complement the advantages of downstream Foshan Lighting (000541). In the next few years, the company's industrial chain integration advantages will gradually be reflected, and it is expected to further reduce costs, increase market share and comprehensive competitiveness of the company.


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Kable-X Technology (Suzhou) Co., Ltd , https://www.kable-x-tech.com