"This year will be a key year for the transformation of the photovoltaic business structure in the new century. Due to global overcapacity and the low price impact of mainland LED chip manufacturers, the company's performance this year may be reversed." August 18, Taiwan's LED chip Zhong Kuanren, chairman of the new century optoelectronics (3383.TW), said in an exclusive interview with "New Industry" that the revenue of New Century Optoelectronics last year was close to 1 billion yuan, and 57 MOCVD equipment (LED epitaxial wafer production equipment) was put into production. Two major LED chip manufacturers, second only to Taiwan Jingyuan Optoelectronics (2448.TW).
Zhong Kuanren also said that due to the unstable pressure of major customers in the Japanese and Korean markets, New Century Optoelectronics is accelerating the pace of expansion of the mainland market. “It is estimated that in the third quarter and the fourth quarter of this year, the proportion of revenue in the mainland China market will rise to 50%.â€
Declining performance
"It is estimated that the performance in the second quarter of this year will continue to lose money." Zhong Kuanren said that the overcapacity of LED chips may not be completely alleviated in the short term.
Based on this, since November last year, the revenue of the new century optoelectronics began to decline.
In the 2011 Annual Report of New Century Optoelectronics, the revenue of photovoltaics in the new century in 2011 was 4.49 billion Taiwan dollars (about 953 million yuan), a year-on-year increase of 50%, and the net profit was NT$303 million (about 64.29 million yuan), a year-on-year decline of 49. %.
The two opposite directions of income and net profit directly indicate the fierce competition in the LED chip industry.
In the 2011 new revenue report of New Century Optoelectronics, the growth rate of photoelectric revenue in the new century in January was as high as 135.6%, but in August, the growth rate has slowed down to 32.8%. In November, the revenue of new century photoelectric revenue was up compared with that of November. It began to decline, and the decline continued to expand and continued until the first half of this year. New Century Optoelectronics' revenue for the fifth consecutive month has fallen by more than 20% year-on-year.
Zhong Kuanren admits that due to the price impact of mainland LED chips, the company's 2012 revenue may decline by nearly 20% compared with 2011, and the revenue this year is expected to be 800 million yuan.
In fact, the market pressure of Optoelectronics in the new century is not limited to this. Because, the new Century Optoelectronics 60% income from Japanese and Korean customers.
It is reported that Sharp, Samsung and LG are the customers of New Century Optoelectronics, and New Century Optoelectronics supplies LED chips for LED backlights.
However, due to changes in the global panel structure, and the panel giants are developing their own LED industry chain, it also constitutes the risk of the future market of the new century.
In March 2012, Foxconn became one of Sharp's shareholders. Prior to this, Foxconn has become a major shareholder of the Sharp 10th generation panel factory. Foxconn's main LED chip supplier is Nichia, and Foxconn itself is also developing the LED industry chain.
In addition, since its establishment in 2009, Samsung Group's Samsung LED has gradually penetrated LCDTV backlight, NB backlight, LCD monitor backlight, LED lighting and other applications, from the upstream sapphire material to downstream components, has formed a stable LED industry chain. And the production capacity has been expanding.
From this point of view, the potential crisis of the new century Optoelectronics is self-evident.
Unfinished
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Zhong Kuanren also said that due to the unstable pressure of major customers in the Japanese and Korean markets, New Century Optoelectronics is accelerating the pace of expansion of the mainland market. “It is estimated that in the third quarter and the fourth quarter of this year, the proportion of revenue in the mainland China market will rise to 50%.â€
Declining performance
"It is estimated that the performance in the second quarter of this year will continue to lose money." Zhong Kuanren said that the overcapacity of LED chips may not be completely alleviated in the short term.
Based on this, since November last year, the revenue of the new century optoelectronics began to decline.
In the 2011 Annual Report of New Century Optoelectronics, the revenue of photovoltaics in the new century in 2011 was 4.49 billion Taiwan dollars (about 953 million yuan), a year-on-year increase of 50%, and the net profit was NT$303 million (about 64.29 million yuan), a year-on-year decline of 49. %.
The two opposite directions of income and net profit directly indicate the fierce competition in the LED chip industry.
In the 2011 new revenue report of New Century Optoelectronics, the growth rate of photoelectric revenue in the new century in January was as high as 135.6%, but in August, the growth rate has slowed down to 32.8%. In November, the revenue of new century photoelectric revenue was up compared with that of November. It began to decline, and the decline continued to expand and continued until the first half of this year. New Century Optoelectronics' revenue for the fifth consecutive month has fallen by more than 20% year-on-year.
Zhong Kuanren admits that due to the price impact of mainland LED chips, the company's 2012 revenue may decline by nearly 20% compared with 2011, and the revenue this year is expected to be 800 million yuan.
In fact, the market pressure of Optoelectronics in the new century is not limited to this. Because, the new Century Optoelectronics 60% income from Japanese and Korean customers.
It is reported that Sharp, Samsung and LG are the customers of New Century Optoelectronics, and New Century Optoelectronics supplies LED chips for LED backlights.
However, due to changes in the global panel structure, and the panel giants are developing their own LED industry chain, it also constitutes the risk of the future market of the new century.
In March 2012, Foxconn became one of Sharp's shareholders. Prior to this, Foxconn has become a major shareholder of the Sharp 10th generation panel factory. Foxconn's main LED chip supplier is Nichia, and Foxconn itself is also developing the LED industry chain.
In addition, since its establishment in 2009, Samsung Group's Samsung LED has gradually penetrated LCDTV backlight, NB backlight, LCD monitor backlight, LED lighting and other applications, from the upstream sapphire material to downstream components, has formed a stable LED industry chain. And the production capacity has been expanding.
From this point of view, the potential crisis of the new century Optoelectronics is self-evident.
Unfinished
For more information, please visit: http://
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