Lextar's revenue dropped slightly last year, and new Mini LED backlight products will be launched this year

Recently, Longda announced its consolidated financial statements for the fourth quarter and full year of 2018. The consolidated revenue in the fourth quarter of 2018 was NT$2.418 billion, a decrease of 19.6% from the previous quarter, and the consolidated operating gross profit margin was 11.3%, a decrease of 6 percentage points from the previous quarter. In 2018, the consolidated revenue for the whole year was NT$11.055 billion, a year-on-year decrease of 8.2%. The consolidated operating gross profit margin was 14.1%. The consolidated net profit after tax was NT$49 million. The basic earnings per share for the year was NT$0.1.

Longda said that the market price fell in the fourth quarter, and the company significantly reduced its lighting finished product business in 2018, resulting in a decrease in annual revenue. Looking forward to 2019, customers will be relatively conservative in placing orders due to the impact of the U.S.-China trade war. However, market expectations for new technologies have driven industry players to accelerate R&D investment.

In view of the increasing demand for high-end displays, Lextar is the industry leader in mini LED backlight applications, taking the lead in commercialization and application last year For laptops and monitors, we will launch new products this year to achieve higher dynamic contrast effects and continue to lead the industry in the field of mini LED backlight technology. In addition, Lextar is also developing other new product technologies simultaneously, including 3D sensing, RGB Mini LED displays, automotive lighting, UV sterilization, high-power professional lighting, etc. These are all Lextar's focused development directions, and it will recruit technical talents to invest in the new generation of optoelectronic semiconductor applications.

On the other hand, Lextar continues to carry out production efficiency improvement plans. Lextar completed the construction of its factory in Chuzhou, Anhui in 2018 and started mass production in June last year. It has established a one-stop production integrated manufacturing base including die, packaging, SMT parts, etc. to improve the efficiency of operation and management. In the future, it will introduce supply chain partners to gradually realize the self-made key components.