Jiuyuan's August revenue is expected to return to the bottom of the Q4 revenue in the second half of the year

September 01, 2019

[High-tech LED News] Jiuyuan accumulated NT$2,035 million in revenue from January to August, with an annual growth rate of 7.11% and EPS of 3.96 yuan in the first half of the year. Jiuyuan said that due to delayed delivery of machinery and equipment, August revenue was NT$223 million, with a monthly recession of 15% and an annual recession of 25.32%, which is the bottom of the second half.

In August, the IC test grew by 5.8%, and the amount was NT$90.54 million, which accounted for 40.6% of the revenue. Due to the sluggish downstream LED factory, the revenue from the LED cutting provocation business was only NT$104 million. The monthly recession was 19%, accounting for 46% of revenue, but it is still the product line with the highest proportion of Jiuyuan's revenue.

Jiuyuan said that the revenues in September and October will gradually return to the warmer, and the mainland LED industry will return to normal, because the MOCVD machine operating rate is not high, so the purchase speed is slowed down. Jiuyuan said that the overall Q3 revenue will decline by 5 to 10% compared with Q2, and Q4 will slowly warm down with customer demand.

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