The LED packaging factory Huaxing (6164) will continue to climb revenue in October, and the fourth quarter revenue will also increase from the previous quarter. Huaxing has a net profit before tax of RMB 93.23 million in the first three quarters of 2009, with a net profit before tax of 0.82 yuan per share. The legal person estimates that Huaxing's fourth-quarter revenue will increase by 15%-20% in the quarter, and the single-quarter earnings per share will be estimated to be 0.3-0.4 yuan. In 2009, the after-tax profit per share will be close to 0.9-1 yuan.
At present, Huaxing's main business includes LED parts and LEDAssembly system assembly. Among them, LED parts include Lamp type LED, SMD type LED, Display display application, etc. LEDAssembly business has light bar, backlight, and other components or foundry business. In the past, Huaxing LED parts accounted for 60%-70% of the total revenue, but in the third quarter of this year, the LEDAssembly business? The overall revenue share has climbed to 45%. In terms of profit, Huaxing has been pre-tax for the first three quarters of 2009. The net profit was about 93.22 million yuan. The net profit before tax for the first three quarters was about 0.82 yuan. The estimated post-tax profit per share for the first three quarters was about 0.6 yuan. The legal person estimates that Huaxing's fourth quarter revenue will grow by 15%-20% from the previous quarter. Based on Huaxing's third-quarter revenue of approximately 350 million yuan, Huaxing's fourth-quarter revenue is expected to reach 4-4.2 billion yuan, and the single-quarter earnings per share estimate is 0.3-0.4 yuan. The annual after-tax profit per share, there is an opportunity to approach 0.9-1 yuan.
In recent years, Huaxing low-temperature lighting products have successively entered Wal-Mart, Cosco and other large chain stores, mainly through IngersollRand. At present, major customers include Coca-Cola, Sanyo Electric, and the whole family convenience store in Taiwan. In the second half of 2009, not only the existing customers still maintain stable supply, but also received new lighting orders from another supermarket chain in Taiwan, as well as another multinational frozen freezer industry. It is expected that new LED low-temperature lighting orders will be in the fourth quarter. Start volume shipments. In addition, the Japanese customers that Huaxing has started shipping in the near future will also have a larger number of light bar product orders in the fourth quarter, and have already shipped in October. Huaxing expects that in October, the revenue will increase from September and the overall fourth-quarter results will be better than the third quarter.
At present, Huaxing's main business includes LED parts and LEDAssembly system assembly. Among them, LED parts include Lamp type LED, SMD type LED, Display display application, etc. LEDAssembly business has light bar, backlight, and other components or foundry business. In the past, Huaxing LED parts accounted for 60%-70% of the total revenue, but in the third quarter of this year, the LEDAssembly business? The overall revenue share has climbed to 45%. In terms of profit, Huaxing has been pre-tax for the first three quarters of 2009. The net profit was about 93.22 million yuan. The net profit before tax for the first three quarters was about 0.82 yuan. The estimated post-tax profit per share for the first three quarters was about 0.6 yuan. The legal person estimates that Huaxing's fourth quarter revenue will grow by 15%-20% from the previous quarter. Based on Huaxing's third-quarter revenue of approximately 350 million yuan, Huaxing's fourth-quarter revenue is expected to reach 4-4.2 billion yuan, and the single-quarter earnings per share estimate is 0.3-0.4 yuan. The annual after-tax profit per share, there is an opportunity to approach 0.9-1 yuan.
In recent years, Huaxing low-temperature lighting products have successively entered Wal-Mart, Cosco and other large chain stores, mainly through IngersollRand. At present, major customers include Coca-Cola, Sanyo Electric, and the whole family convenience store in Taiwan. In the second half of 2009, not only the existing customers still maintain stable supply, but also received new lighting orders from another supermarket chain in Taiwan, as well as another multinational frozen freezer industry. It is expected that new LED low-temperature lighting orders will be in the fourth quarter. Start volume shipments. In addition, the Japanese customers that Huaxing has started shipping in the near future will also have a larger number of light bar product orders in the fourth quarter, and have already shipped in October. Huaxing expects that in October, the revenue will increase from September and the overall fourth-quarter results will be better than the third quarter.
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