The financial report recently published for Taiwan LED manufacture 2Q performance shows LED packaging manufacturers are fairing far better than the majority of wafer manufacturers whom are still in a state of deficit. Among seven packaging manufactures on the market all experienced gains this quarter aside from Bright LED Electronics Corp and Harvatek whom had profit loss of NT$0.07 and NT$0.44. Edison Otp and PARA Light were able to turn their profits around this quarter, and Everlight still was able to maintain a good performance with EPS NT$ 0.9, keeping their top spot.
LED packaging manufacture Everlight was able to maintain their last quarter performance with consolidated revenue for Q2 of NT$597.1 million, their highest to date. The company maintained precise control over developmental costs. On top of that, with utilization rates for production capacity increased 80 percent and higher, new technology and products released, this quarter's gross margin still maintained 26.3 percent, surpassing that of last quarter's 22.49 percent. 2Q after tax net income reached Nt$401 million and increase to 78.74 percent with EPS NT$0.92. Everylight was therefore able to keep a firm grasp on their position at the top of LED packaging manufactures, beating that of Lexstar (3698) EPS NT$0.59.
Aside from Everlight, LEDTech Electronics and PARA Light have also locked their center of operations this year at increasing gross margin performance. Through adjustment to their operation strategy, LEDTech Electronics raised their 2Q gross margin to 30.88 percent, higher than last quarter's 29.70 percent and last year's 2Q 27.6 percent. Due to the operation being locked at the low range lighting niche market, this quarter's gross margin was higher than that of Everlight making it the highest for LED packaging manufactures. PARA Light through eliminating low gross margins and negative gross margin placement orders and at the same time raising gross margin product market proportions, the company was able to increase the 2Q consolidated gross margin to 27.27 percent, with a quarterly increase of 6.25 percent and yearly increase of 11.46 percent helping the company out of the red for 2Q.
This year's focus for Edison was on expanding their market scale. The company originally focused on the high range LED market, but this year it has begun to actively expand low-to-mid range PLCC production capacity and also aggressively enter the Chinese Market where products have a relatively lower gross margin. Although 2Q profit margin was only 12.26 percent, through the expansion of their market scale, 2Q EPS was NT$0.22.
