LED TV and other products demand increased temperature Taiwan factory Jinshan Electric Q1 net profit increased by 27%

Jinshandian consolidated revenue of NT$705 million in the first quarter of this year, with a combined gross profit margin of 23.26%, an increase of nearly 3% compared with the same period of last year. The operating net profit was NT$94.89 million, which increased by 19.34% year-on-year; The interest in asset evaluation was 13.31 million yuan, which was better than the 2.78 million yuan in the same period of last year. The net profit after tax in the first quarter was 107 million yuan, an increase of 26.67% and EPS 1.17 yuan.

Jinshan Electric is a manufacturer of domestic aluminum electrolytic capacitors and solid capacitors. Its products are used in screens and LED/LCD TVs. It has been affected by the related booms. However, the company has benefited this year. The demand for LED TVs has rebounded from the bottom, and the shipment of new product type (Pencil type) aluminum capacitors has increased. In addition, the company has actively developed the solid capacitor market and successfully developed a large Canadian display adapter customer. Most of the manufacturers in the quarter did not perform well, but Jinshan Electric was able to rise against the trend.

Looking forward to the second quarter, Jinshan Power's consolidated revenue in April was NT$261 million, which was not growing from March. The monthly reduction rate was 6.2%. Jinshandian said that the company's revenue is not significant. It is considered to be flat, and it is expected that it will be equivalent in May and June. Based on this estimate, Jinshan's second quarter combined revenue is expected to be around NT$780 million, a slight increase of 7% from NT$729 million in the first quarter.

The legal person estimates that this year's Jinshan Electric revenue will be little different from last year. The consolidated revenue is estimated at NT$3.38 billion, with an annual growth rate of 5%, while the gross profit margin is expected to be around 23%, slightly better than last year's 22.8. %, the annual EPS is estimated at 4.5 yuan, slightly better than the previous year's 4.43 yuan.

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