[High-tech LED News] Tongxin Electric Q2 revenue of NT$1.571 billion, a 3.3% increase, an increase of 7.2%, Q2 net profit of 214 million yuan, a quarterly increase of 0.7%, an annual increase of 1.8%, Q2 earnings per share is 1.51 yuan, unchanged from the previous quarter, Q2 gross margin was 30.4%, higher than the previous season's 26.8%; cumulative first half of this year's revenue was 3.093 billion yuan, an annual increase of 19.5%, the first half of the net profit reached 427 million yuan, an annual increase of 27.6 %, the first half of the earnings per share was 3.01 yuan, and the gross profit margin was 28.7%.
Tongxin said that the LED backlight module demand is not as expected, and the LED TV penetration rate is not as fast as imagined. Therefore, Tongxin Electric started from the process and material improvement. As the price of gold is getting higher and higher, the price is compressed. Growth, the conversion of gold plating to silver plating can reduce costs, if the quantity and cost cannot keep up with the price growth, the process improvement is the main reason for the increase in gross profit margin.
Tongxin Electric pointed out that general lighting is still growing continuously. So far, it has not been threatened by any (snap). In the mainland market, there are more than 70 inquiries and samples, and the potential of mainland manufacturers cannot be ignored.
Tongxin said that the LED backlight module demand is not as expected, and the LED TV penetration rate is not as fast as imagined. Therefore, Tongxin Electric started from the process and material improvement. As the price of gold is getting higher and higher, the price is compressed. Growth, the conversion of gold plating to silver plating can reduce costs, if the quantity and cost cannot keep up with the price growth, the process improvement is the main reason for the increase in gross profit margin.
Tongxin Electric pointed out that general lighting is still growing continuously. So far, it has not been threatened by any (snap). In the mainland market, there are more than 70 inquiries and samples, and the potential of mainland manufacturers cannot be ignored.
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Yangzhou Hengyuan Electromechanical Equipment Co., Ltd. , https://www.lchypower.com