Edison, a downstream LED manufacturer, has made a successful transformation. The supply of automotive lamp modules has driven the proportion of automotive revenue to rise to 25%-30%, becoming one of the main product lines. The company plans to extend downstream to finished automotive lamps. Looking forward to the second half of the year With a small delivery, Edison expects that the supply of automotive chips will ease, and the automotive light module is expected to restart in August.

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Edison turned a loss to profit last year, with a profit of 42 million yuan (NTD, the same below) and a net profit of 0.35 yuan per share after tax. In the first quarter of this year, the net profit per share after tax was 0.29 yuan, the company's first The quarter and May profit reached 46 million yuan, and the earnings per share were 0.39 yuan. It has already earned a profit for the whole year of last year.

As Edison’s component products have decreased in proportion, LED modules and finished products have been replaced by LED modules. After turning a profit last year, the legal person estimates that Edison’s revenue this year is expected to grow by 20%-35%, depending on the supply of automotive chips. As the automotive, special lighting, and commercial lighting businesses are good, profits are expected to increase by multiples.

Edison is a veteran LED packaging factory. After years of transformation, it will turn a loss to profit in 2020. With the increase in revenue of car lamp modules, the double rate in the first quarter of this year has set a new record since the third quarter of 2011. The profit rate has increased by more than 10% over the same period last year, which shows the role of the car light module in its operation.

Edison said that in the past, the company’s component and module product operations accounted for half and half, but due to the meager profit of components, the company started a transformation from components down to modules, finished products, and locked car light modules. At present, the proportion of component revenue has dropped. To 30%, the revenue of modules and finished products will increase to 60%. Among them, automotive lamp modules and commercial lighting modules account for 25% and 35% respectively. Under conversion, automotive-related revenues account for 25%-30%. One of the main product lines. (Source: Business Times)