Topic: Industry benefited from new capacity, LED TV shipments continued to grow, and Yuanyuan (3061) initially estimated November revenues to exceed NT$252 million, surpassing October to create a new monthly high. As the proportion of LED TVs climbs, Yuyuan expects fourth-quarter results to surpass the third quarter.
Thanks to the steady growth of orders for LED TVs such as Samsung, LG and Ruixuan, LED TV shipments increased sharply in the fourth quarter, and the proportion of LED TV revenues jumped from about 30% in the third quarter to 50%. Under the rising proportion of LED TV, it also made the performance of the round and strong. With the new production capacity gradually opened, the fourth quarter results of the round up again, the initial estimate of November revenue will exceed 252 million yuan, a record high in a single month, while the gross profit margin is also due to the rise in the proportion of LED TV and other products, In addition, the full capacity utilization rate is expected to be better than the third quarter. The fourth quarter results have the opportunity to surpass the third quarter and create a new record for the quarter. In response to the demand for orders, two MOCVD machines will be added in the second half of the year, which is expected to increase production capacity by 5-10%.
Thanks to the steady growth of orders for LED TVs such as Samsung, LG and Ruixuan, LED TV shipments increased sharply in the fourth quarter, and the proportion of LED TV revenues jumped from about 30% in the third quarter to 50%. Under the rising proportion of LED TV, it also made the performance of the round and strong. With the new production capacity gradually opened, the fourth quarter results of the round up again, the initial estimate of November revenue will exceed 252 million yuan, a record high in a single month, while the gross profit margin is also due to the rise in the proportion of LED TV and other products, In addition, the full capacity utilization rate is expected to be better than the third quarter. The fourth quarter results have the opportunity to surpass the third quarter and create a new record for the quarter. In response to the demand for orders, two MOCVD machines will be added in the second half of the year, which is expected to increase production capacity by 5-10%.
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