Taiwanese LED chip manufacturer Epileds released their December consolidated revenue. Affected by stocktaking towards the end of 2013, revenue for December reached NT $110 million (US $3.7 million), a decrease of 6.87 percent compared to November but a yearly growth of 16.38 percent. The company revenue for 4Q13 was NT $345 million, an increase of 6.76 percent from 3Q. Total revenue for 2013 reached NT $1.32 billion, with a yearly decrease of 2.15 percent due to impact from price drops.
Consolidated revenue for 4Q13 was NT $345 million, quarterly increase of 6.76 percent. Operational performance was not slack during the off season with 4Q production utilization rate reaching 90 percent and above. The good performance seen during the traditionally slack season is hoped to show in 1Q14 market demands. The company believes that the LED light demand situation will remain good, and that aside from the impact from Lunar New Year in January, production utilization rate performance is estimated to maintain 4Q13 levels.
Epileds anticipates that the LED lighting boom will remain strong and the volume of market demand will continues to rise. Although prices continued to drop, decline is expected to slow slightly. The supply and demand situation is anticipated to stabilize by the end of 2014 with price decline less than 2013.
Epileds specializes in the high-powered LED lighting market, mainly producing blue, green, red, yellow, ultra violet, and infrared chip products for the outdoor, indoor, and commercial lighting market for application in wall wash lighting, stage lighting, and other high grade lighting. The company added an additional two MOCVD units at the end of 2013 and now has a total of 17 units. Optimism towards the development of market demands for LED lighting has not changed. The company will continue to steadily increase production capacity every year.
