Today (10) Daliguang held an online corporate presentation, announcing that the earnings per share (EPS) in 2018 was NT$181.68 (the same as below), the second highest in history.
Daliguang Chief Executive Lin Enping said that this year's three lenses are indeed more than in previous years. As for the previously predicted progress of new technology (secret weapons) in 2020, most customers are currently in the process of design, with the opportunity to start shipment as soon as the end of this year or early next year.
Three days ago, Daliguang announced revenue of 3.227 billion yuan in December last year, a monthly decrease of 19.49%, an annual decrease of 33.86%, a new nine-month low since March last year; revenue of 12.445 billion yuan in the fourth quarter of last year, a quarterly decrease of 23.81%, an annual decrease of 22.65%; cumulative revenue of the whole year of 2018 was 49.952 billion yuan, an annual decrease of 598%. Daliguang said it expects revenue in January to be equal to that in December.
Global smartphones are facing a weak demand dilemma. Daliguang has seen a rare peak season in the fourth quarter of last year. The market has a relatively pessimistic view of the boom in 2019.
At today's law forum, in view of the gross profit rate fell below 70% in the fourth quarter of last year, Lynn Ping pointed out that the main reason was the decline in revenue scale, while for the high amount of inventory in a single quarter, it was considered that 1-2 months of inventory was still reasonable.
Looking ahead to the first quarter, Lynn Ping said that the revenue forecast for January this year was flat with that for December last year, and that February may decline from January. One of the reasons was the fewer working days during the Spring Festival holidays. As for the follow-up mobile phone market demand, it still depends on the terminal sales situation, Daliguang can not predict.
In response to the trend of smartphone lens product specifications mentioned at the French Speech Conference, Lynn Ping said that this year there are more than three lenses, 7P (seven plastic lenses) design products began to be delivered last year, and it seems possible to use all 7P lenses in the configuration of the three lenses.
In addition, Samsung's shipment status, a new customer of great interest, was pointed out by Lin Enping. Samsung's products began to be shipped last year. As for the quantity, of course, we hope that customers can pull more goods, but it still depends on the status of the sales side of the market.
At the French Speech Conference in October last year, it was said that optical fingerprint identification is not a big Lighting market, but today, Lynn Ping said that both new applications, including optical fingerprint and 3D sensing, are being implemented, and orders will be accepted as long as the price and gross profit rate are reasonable. Among them, 3D Sensing applications are still mainly mobile phone applications. The 3D sensing small lenses used in front lenses have been shipped since last year and are expected to grow this year.
Daliguang has always maintained the production mode of order-taking, and customers will order before production. Lynn Ping said that it takes 5-6 months from design to open-die manufacturing, which is simpler or faster. At present, orders are more high-end, but as long as the price is reasonable, they will still receive low-end orders. At present, the strategy of order-seeking is still maintained as long as the price is reasonable.
As for the follow-up mobile phone market demand, it still depends on the terminal sales situation, Daliguang can not predict. In the fourth quarter, profit declined, excluding customers'downward trend. Despite the weakening of the market, Daliguang's expansion plan remained unchanged. In view of Daliguang's follow-up expansion schedule, which everyone cared about, Lin said that the expansion schedule was still as usual, and the capacity would be increased gradually. At present, the overall progress and planning did not change with last year. In addition, recruitment is still ongoing.