Xuming Optoelectronics 6-8 month financial report is not good LED chip still has price pressure
[High-tech LED News] US LED chip factory Xuming Optoelectronics (SemiLEDS) recently announced the 2011 fiscal year Q4 (June-August) financial report: Xuming Optoelectronics revenue from June to August this year, 5.3 million US dollars, 54% annual reduction; Diluted net loss per share reached $0.49, compared with a net profit per share of $0.18 in the same period last year. Q4 gross margin was -93%, compared with 53% in the same period last year. Xu Ming said that it was mainly affected by factors such as inventory impairment charges.
Xu Ming’s annual revenue was $33.9 million, an annual decrease of 5.2%; the industry’s diluted net loss per share reached $0.79, and the annual net profit was $0.25.
Xu Ming estimates that this quarter (September-November) revenue is between 6 million and 7 million US dollars, with a median value of 6.5 million US dollars, a quarterly increase of 23%, diluted per share of pure loss between 0.29-0.31 US dollars, Mao The interest rate will still be negative.
Xu Ming’s director and CEO, Trung Doan, said that the LED market conditions in Asia are still difficult. The mainland China market has not improved due to factors such as inflation. The market demand for street lighting is weak and the overcapacity of backlights has caused the price cuts not to be removed, but the average selling price. (ASP) has stabilized slightly, and the decline is not as dramatic as in previous seasons.
Xu Ming’s annual revenue was $33.9 million, an annual decrease of 5.2%; the industry’s diluted net loss per share reached $0.79, and the annual net profit was $0.25.
Xu Ming estimates that this quarter (September-November) revenue is between 6 million and 7 million US dollars, with a median value of 6.5 million US dollars, a quarterly increase of 23%, diluted per share of pure loss between 0.29-0.31 US dollars, Mao The interest rate will still be negative.
Xu Ming’s director and CEO, Trung Doan, said that the LED market conditions in Asia are still difficult. The mainland China market has not improved due to factors such as inflation. The market demand for street lighting is weak and the overcapacity of backlights has caused the price cuts not to be removed, but the average selling price. (ASP) has stabilized slightly, and the decline is not as dramatic as in previous seasons.
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