Taiwanese LED manufacturer Huashang Optoelectronics held a shareholder meeting yesterday (19th). The company still suffered losses last year to make up for the loss of 2.453 billion yuan (NTD, the same below). The shareholders' meeting will sell the investment subsidiary Huaxin Branch to hold shares. More than 5.981 million shares were sold in the open market at market price in batches; this year's operations have gradually achieved results with the development of niche products, and strive to turn for profit.
Huashang expects LED industry to go out of the bottom this year, but blue and white LEDs will still face price competition. Therefore, Huashang has finished producing blue LED chips, betting resources in quaternary LED and infrared products, predicting that Blu-ray will be invested by new capacity of mainland chip factories. Although the market conditions will not be bad again, Taiwanese companies are not easy to make money, and they are eroded by low-price competition.
The company emphasizes that product transformation is expected to gradually see results. Last year's after-tax loss of 159 million yuan converges from 266 million yuan in the previous year. This year, it will strive to turn from profit to profit, mainly in resources placed on high-margin products. The basic LED products include high-priced markets such as automotive and Internet of Things, and expand the existing product lines to increase the development of invisible products, to open up new niche applications, and strengthen the product line of stable profit in the four yuan and infrared.
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