Accumulated Q2 increased by 67% in profit season. Gross profit rose to 38.7%

[High-tech LED News] LED driver IC Taiwan Plant Accumulation Technology (3527) recently announced Q2 earnings report, Q2 revenue climbed to NT$ 528 million, a 35.1% quarter-on-quarter, the second-quarter revenue record; the net profit after tax NT$79.54 million, a 67.3% increase in the quarter. Under the effective adjustment of the product mix, Q2 gross profit margin rebounded 2.2% to 38.7% compared with Q1, and the after-tax earnings per share for the single quarter was 2.44 yuan, and the accumulated net profit per share for the first half of the year was about 3.88 yuan.

Accumulation refers to its product-related display fields, mostly related to the government's public construction and labeling. It is not a consumer product such as 3C or panel. It is not affected by the boom, and the recent decline in LED chips will make LED display applications. More and more wide, it is very beneficial for accumulation.

Accumulation pointed out that the company's Q2 global LED display driver IC has reached 55% of the market, and the future growth momentum focuses on lighting, which is the area to be strengthened at this stage of accumulation.

Based on current demand, the accumulated Q3 revenue and gross profit will be equivalent to Q2, and the annual revenue will increase by 5% to 10%.

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