Yiguang Chairman Ye Yinfu recently stated that he is optimistic that the LED boom this year will be better than last year. The market estimates that Yiguang's component business is expected to grow by 40% this year, with annual revenue of approximately 33 billion yuan (NT$, the same below, (approximately RMB 6.65 billion) to 35 billion yuan (approximately RMB 7.053 billion), the gross profit margin can be maintained at 24% to 25%, and the net profit per share is expected to jump from 6 yuan (approximately RMB 1.2), firmly ranking the LED profit king. Everlight's board of directors also approved a capital increase of 5 billion yuan (approximately RMB 1.008 billion), which will be used to expand factories and enrich working capital, showing that the company still has confidence in the future and that relevant warrants can be deployed.
Yiguang’s revenue in March was 2.503 billion yuan (approximately 504 million yuan), an increase of 12% over the same period last year. The cumulative revenue in the first quarter was 7.246 billion yuan (1.460 billion yuan), an annual growth of 16.4%, which was better than market expectations. Last year’s profit was a record With record highs, earnings per share exceeded 5 yuan (approximately RMB 1), and the board of directors decided to allocate a dividend of 4 yuan (approximately RMB 0.8). Based on the current stock price of Everlight of about 70 yuan (approximately RMB 14.11), the dividend yield is about 5.7%, which is quite good.
There has been constant bad news about LED. First, the chairman of Epistar believed that the demand for LED backlights would be delayed by one month. Philips sold its equity in its LED lighting business to China Jinshajiang Group. Recently, it was reported that Osram, the world's second largest manufacturer, will spin off its LED lighting department. However, foreign capital did not move out of Everlight on a large scale, and the chips were concentrated in the hands of legal persons, showing a relatively stable state, showing that legal persons still have deep confidence in Everlight's operating performance. Everlight's stock price fell below the annual line twice, but low buying orders emerged and then returned to the annual line. It is obvious that the annual line should be a strong support. The recent stock price trend has returned to a bullish pattern. Investors can consider placing Yushan DU, Yushan DA, and Yushan BU at low prices to enjoy larger band profits.
ANNA