Taiwan LED epitaxial plant Q4 operation bearish, the first half of next year is still busy season

Benefiting from the strong demand for lighting and backlights, the LED plant's capacity in the second quarter was full and revenues were high. Only the LED market turned sharply from mid-August. In September, the upstream epitaxial plant and the downstream packaging plant in Taiwan showed two mixed conditions. LEDinside research assistant Yu Yu pointed out that with the backlight entering the off-season, the lighting inventory is high, the fourth season performance is not good. Chu Yuchao pointed out that the current LED (Light Emitting Diode) upstream epitaxial wafer factory was previously affected by the customer's excess orders, and the backlight season 3 entered the off-season, mainly in the second and third quarters. High, if the order is not returned in October, the fourth season will continue to be weak, it will take some time for the inventory to go, and it is only possible to reply after the first season of next year. Jingdian: Order to the end of October, Jingshi Finance Minister Zhang Shixian said that the previous orders from customers and the backlights entered the off-season, which caused the revenue to weaken in August. The backlight shipments began to decline in September, and the fourth quarter will be in the off-season in previous years. As for the lighting due to customers over-order, the proportion of shipments in September is less than expected, the next performance, depending on the lighting sales in October and November. At present, LCD TV backlights account for about 30% of crystal power revenue, and lighting is about 30. Others such as display kanban account for 10~15. He said that the current order visibility of crystal power is up to the end of October, and November is still not clear. The land factory grabs the backlight market. However, due to the current shipment of panel factories in Taiwan, the semi-finished products are mainly OpenCell, and the mainland panel factory and the LED rear-end packaging factory are also up. The backlight part has begun to be used by the mainland LED packaging factory. erosion. Chu Yuchao said that with the LED TV backlight, the ratio of purchasing Taiwanese manufacturers has been increasing. The ratio of back-end packaging such as Ruifeng, Jufei and Hongli in the backlight of the mainland has gradually increased. He said that because the mainland panel factory and the TV brand factory use the mainland's local LED as the backlight source, the ratio is gradually rising; as for the large and medium-sized backlight LED factory, Ruifeng and Jufei, the large-size backlight in the first half of this year The revenue of LEDs has grown compared to last year. As for the lighting market, it has entered the peak season of sales. From September, the revenue of various packaging factories continued to climb. It is not difficult to see the reason why the former chairman of Everlight, Ye Haofu, watched the lighting market and demand in the second half of the year. In the first half of next year, the peak season can be stored in the Super, but only the current overall lighting market performance, only the mainland China demand is good, other regions are declining, the Chinese mainland market still depends on the market performance of the 11th holiday this year, In order to determine the trend of the fourth season. If the mainland is not good, and other regions are not good, then the channel dealers have to deal with the inventory problem. As for the current inventory accumulation, he said that because the channel is spread to the second and third floors, the whole Inventory is difficult to count, if the fourth quarter begins to clear inventory, conservative point of view, it may take more than one season to complete the clear, the first half of next year, LED still has a peak season.