China Optoelectronics' large-size backlight module heats up, and revenue rebounds in September

September 14, 2022

Core Tip: China Optoelectronics (5371), a backlight module/projector manufacturer in Taiwan, was affected by a significant decrease in the shipment of imaging products in August this year. Although the shipment of backlight modules increased slightly, the monthly revenue was still slightly lower than the previous month and the same period last year. . It is expected that revenue will have a chance to rebound in September, driven by the purchase of large-size backlight module products.
Taiwan's backlight module/projector manufacturer, China Optoelectronics (5371), was affected by a significant decrease in the shipment of imaging products in August this year. Although the shipment of backlight modules increased slightly, the monthly revenue was still slightly lower than the previous month and the same period last year. It is expected that revenue will have a chance to rebound in September, driven by the purchase of large-size backlight module products.

The main driving force comes from the continuous purchase of products such as TVs and public displays, and the demand for notebook computer backlight modules has also recovered. China Optoelectronics expects that the overall shipment of backlight modules/energy-saving products in September this year is expected to increase by about 10% compared with August.

In terms of projector/imaging products, benefiting from the growth in shipments of home entertainment and smart micro-projection products, the cumulative shipments in the first eight months of this year exceeded 960,000 units, an annual increase of 79%. However, due to the recent shortage of materials and unstable terminal demand , Following the 23% month-on-month decrease in shipments in August, it is estimated that shipments in September may decrease by about 10%.

Affected by the ups and downs of different products and businesses, China Optoelectronics’ revenue in August this year reached 4.06 billion yuan, a monthly decrease of 2.05% and an annual decrease of 1.8%. The accumulated revenue in the first 8 months was 33.917 billion yuan, an annual increase of 13.7%. Among them, in the first half of the year, due to favorable product mix and exchange rate, earnings per share were 3.3 yuan, an annual increase of 42%.