Dingyuan’s revenue in July increased slightly by 3%, and the utilization rate remained 7-8%.

Dingyuan's non-consolidated revenue in July was 253 million yuan (NTD, the same below), with a monthly increase of 2.68% and an annual decline of 5.06%. Ding Yuan pointed out that there was not much difference in the order status in July, so the monthly revenue only increased by 2.68%, which was within the same range. The current order visibility is about 1~2 months, and the utilization rate is maintained at 70~80%.

Dingyuan's product business includes lighting components, light-receiving components, LED foundry and other trading businesses. By the end of June, it accounted for 55%, 29%, 6%, and 10% of revenue. The company's light-emitting components include binary, ternary, and quaternary red LED chips, while light-receiving components are based on photodiodes, phototransistors, and Kina semiconductors.

From the industrial business structure in July, the revenue of light-receiving components reached 0.83 billion yuan, up 22.18% from the previous month. The revenue of light-emitting components and LED foundry business was 132 million yuan and 0.16 billion yuan respectively. The previous month's recession was 6.97% and 8.08%; other trading business revenue was 0.24 billion yuan, up 11.59%. Based on the above income, the deducted sales return was 1.882 million yuan, and the non-combined revenue in July was 253 million yuan.

Ding Yuan pointed out that the status of the whole customer's order has not changed much. The change in the revenue of individual products in July was affected by the company's raw material inventory, which made the product shipping process and status different, but from a company perspective. In view, the overall performance is still flat.

Ding Yuan analysis, when the non-combined revenue reached more than 300 million yuan, the utilization rate will reach full load, and the company's monthly revenue from March to July is maintained between 2.4 and 2.6 billion yuan. Maintaining at 70%~80% level, the market has not seen stimulating demand yet, and the order visibility is only about 1~2 months. Therefore, the company still maintains a cautious and conservative view on the outlook for the third quarter. It is estimated that the third quarter revenue will be maintained. Only slightly grew from the previous quarter.

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