Taiwan-based LED secondary optical lens maker Ledlink Optics has reported third-quarter net profits of NT$45.10 million (US$1.54 million), representing an on-quarter decrease of 2.36%. Accumulated revenues for the first three quarters of 2012 were NT$643 million with net profits of NT$102 million.
According to the firm, third-quarter revenues were NT$242 million, showing an on-quarter growth of 6% and an on-year growth of 36%. In the third quarter, gross margin was 51%, slightly higher than 48% reported in the second quarter.
Ledlink indicated that secondary optical lens is an important component in the LED lighting supply chain and currently there are only a few competitors. With continuous cost-down, the price of legacy products falls by 5-10% every year. Nevertheless, said Ledlink, the introduction of new products facilitates the firm's price negotiation and stabilizes its gross margin.
The firm's plant in Yangzhou, China will begin trial production in November.
