Excellence Optoelectronics Inc (EOI) said that it has actively transferred its development focus to LED automotive lighting in the past three to four years, it has passed the international certifications successively, its revenue in last year was pulled up to 60%, in view of that there still is large change in the LED industry, EOI will continue to actively expand automotive lighting niche market in the future, the revenue in this year is expected to be pulled up to 70%, in order to avoid the predicament that the prices of a majority of LED products have continued to decline continuously.
The main products of EOI can be divided into LED automotive lighting and other LED lighting, the former accounts for about 60%, while the latter takes up about 40% (including lights, signal lights, etc.). EOI pointed out that its total consolidated revenue in 2012 amounted to 1.383 billion NTD, an annual increase of 11%, which mainly benefits from the growth in the shipments of LED modules and LED street lights, but because the prices of LED signal light declines, capacity utilization of some production lines cannot be improved and operating expenses and operating losses increases, the consolidated gross margin and operating margin fell to 21.47% and 2.46% respectively, the after-tax loss is 15.087 million Yuan.
For the operation in this year, EOI said that in addition to that its LED automotive lighting attracted new customers, it got the tender that about 50,000 street lights in North America for its second-generation LED lights at the end of last year, it will continue to ship until the third quarter of 2014, which has become the major momentum of revenue growth in this year. The total consolidated revenue of EOI during January to April reached 540 million Yuan, an annual growth of 31.52%.
