Due to the uncertain industry climate, Jiuyuan Q3 is not only prosperous in the peak season. After entering Q4, revenue continued to decline, making the second half of the operating performance not as expected. December revenue will decline slightly from November, and the Q4 single-quarter revenue season will be reduced by about 18%. The LED cutting picking business will be about 20% due to oversupply in the industry. The outlook for the first quarter of the next year is still conservative. After the Lunar New Year, customer demand will be expected to slowly warm down. Tinned Copper Clad Steel,Professional Tinned Copper Clad Steel,Heat-Resistant Tinned Copper-Clad Steel,Tinned Copper Clad Steel Metal Wire changzhou yuzisenhan electronic co.,ltd , https://www.yzshelectronics.com
According to the legal person, the overall capacity utilization rate of the fourth quarter of Jiuyuan is only 50-60%, which makes the proportion of labor and equipment depreciation costs relatively higher, and the gross profit margin will also fall to 32%.
Looking forward to the market outlook, the legal person believes that the LED industry as a whole is still in the off-season, and it is in an oversupply state. In addition, the 2012 LED TV penetration rate is conservative, and the general outbreak of general lighting demand will need to be in 2013, and there is no obvious improvement opportunity in the short-term. Yuan will lack growth momentum, and the expansion of the Changzhou plant in mainland China has also stopped. 