Edison Opto Expects to Achieve Great Growth in Q3 for Increasing OEM Orders

As the effectiveness of layout in Chinese market is paying off, OEM orders continues to increase. LED packaging enterprise Edison said that Q3 is the traditional peak season for LED lighting, order visibility has stretched to 1.5 to 2 months, the capacity utilization of existing production lines can be maintained at 90%. Relevant sources expect that the revenue of Edison in the third quarter will grow more than 10% over the second quarter, higher than the average for the industry.

Revenue is Expected to Increase over 10% in Q3

Jianrong Wu, Chairman of Edision, pointed out that China is a major producer of compact florescent lamps, the major compact florescent lamp manufacturers also began very interested in LED lights and actively shifted to LED sectors. Wu analyses, in view of scale that China annually produces about 10 billion of compact florescent lamps, orders from these Chinese manufacturers will still be the main market influencers.

The demand of Chinese compact florescent lamp plants is optimistic, Wu said that these manufacturers have certain requests to supplier's production capacity, if the capacity is not enough, customers would not consider placing orders. Wu stated that the company will expand its production capacity to 500 million monthly at first, then it is more likely to get orders, COB module and high power components are in the expansion of production capacity, it is estimated that the new capacity will be fully realized in the third quarter.

With the addition of new capacity and increasing OEM (Original Equipment Manufacturer) orders, Edison planned that the monthly revenue in future should be benchmarked against that of July, increasing from 300 million NTD.

Analyst estimates that Edison's revenue in Q3 will be about 910 million NTD, an increase of 12% over the second quarter, gross margin will be 12.9%, slightly higher than the 12.3% in the second quarter; quarterly net income after tax and EPS (Earnings Per Share) are about that in the second quarter.

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