On August 13, Lunda Electronics announced the second quarter of 2012 financial. In the second quarter, the consolidated turnover was 2.611 billion yuan (NTD, the same below), which was 19% higher than the first quarter and nearly 10% higher than the same period in 2011. The consolidated net profit after tax in the second quarter was RMB 126 million, and the earnings per share was RMB 0.3. Longda Electronics' consolidated revenue for the first half of 2012 was 4.805 billion yuan, with a basic earnings per share of 0.3 yuan.
In the first quarter of the year, Ronda reached profit and loss, and its revenue and profit in the second quarter climbed again. This was attributed to the combination of customer portfolio and product mix for backlight and lighting business, continuous increase in capacity utilization, and inventory. Strict control and so on. In spite of the pressure of market price decline, Ronda's capacity utilization rate in the second quarter was about 80%, and the inventory turnover days fell to 79 days, making the most effective management of assets.
In the performance of each product line in the first half of the year, Ronda Electronics has doubled in both the backlight and lighting applications. The backlight application has Korean, Japanese and mainland customers' orders, while high-end products are also introduced into the volume to maintain growth momentum. In the lighting module product line, Ronda has been working hard in the LED lighting market with packaging, COB (integrated packaging) and light bar, light board and other module products, and has become an important partner of brand customers in Europe and mainland China. Growing fast. In the finished lighting part, flat-panel lamps have been favored by European and American manufacturers, and the proportion of lighting products will gradually increase. In addition, Ronda's new generation of LED tubes received orders from the first-tier European manufacturers, and they shipped in the second quarter. They also entered the US brand manufacturers and will deliver them one after another.
Longda Electronics said that it will continue to control costs in the second half of the year, expand lighting components, lighting finished products and backlight products, and strengthen the quality certification of lighting products to meet the US and European market standards.
In the first quarter of the year, Ronda reached profit and loss, and its revenue and profit in the second quarter climbed again. This was attributed to the combination of customer portfolio and product mix for backlight and lighting business, continuous increase in capacity utilization, and inventory. Strict control and so on. In spite of the pressure of market price decline, Ronda's capacity utilization rate in the second quarter was about 80%, and the inventory turnover days fell to 79 days, making the most effective management of assets.
In the performance of each product line in the first half of the year, Ronda Electronics has doubled in both the backlight and lighting applications. The backlight application has Korean, Japanese and mainland customers' orders, while high-end products are also introduced into the volume to maintain growth momentum. In the lighting module product line, Ronda has been working hard in the LED lighting market with packaging, COB (integrated packaging) and light bar, light board and other module products, and has become an important partner of brand customers in Europe and mainland China. Growing fast. In the finished lighting part, flat-panel lamps have been favored by European and American manufacturers, and the proportion of lighting products will gradually increase. In addition, Ronda's new generation of LED tubes received orders from the first-tier European manufacturers, and they shipped in the second quarter. They also entered the US brand manufacturers and will deliver them one after another.
Longda Electronics said that it will continue to control costs in the second half of the year, expand lighting components, lighting finished products and backlight products, and strengthen the quality certification of lighting products to meet the US and European market standards.
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