Taiwan's Q4 industry is afraid of the spring next year

LED manufacturers in the Taiwan region generally enjoyed good performance in the third quarter, but in the fourth quarter, they switched to the off-season and the industry blew cold winds. The industry said that the fourth quarter looks very light, and that this year’s late Chinese New Year’s time, the industry’s spring may be delayed. 3 to 4 next year.

The Epitech plant in the upstream Epistar plant first forecast that the annual industrial peak has passed in July. Since August, the revenue of the camp was affected by the customer's digestion of inventory, and the operation was slow. In October, the revenue came to 1.917 billion yuan (NT). Breaking 2 billion yuan, monthly decrease of 15.47%, the fourth consecutive month of decline, while coming to the second low this year, the off-season effect was the first to respond.

However, in another new century, Epistar's new century witnessed a small recovery after four consecutive months of falling revenue in October. The single-month consolidated revenue was 268 million yuan, a monthly increase of 3.75%, but the annual decrease was still 28.47%. The cumulative consolidated revenue in the first 10 months was 3.536 billion yuan, an increase of 9.26% year-on-year.

The recent LED industry audio transmission, upstream chip factory facing the pressure of inventory adjustment, South Korea, Taiwan, Japan factory by China's mainland factory is suffering from low-cost competition, whether to break the Red Sea market out of the new blue sea niche market has become the key to the success of the company.

According to the latest report, the output value of the LED packaging market in 2014 reached US$14.6 billion, and it slightly increased to US$15 billion in 2015, with an annual growth rate of only 3.2%.

Chu Chaochao stated that the growth of the LED packaging industry has slowed down, and the rise of mainland Chinese manufacturers has brought strong competitive pressure on the market, which is the most severe test of the LED industry in 2015.

However, a few days ago, foreign investors began to call into the LED market on the bargain-hunting. Credit Suisse pointed out that in the short term, the order kinetic energy, including general lighting and backlighting applications, may still slow down. This may affect LED supply chain revenue performance, especially upstream. Industry, but based on end-customers due to tight production capacity, general lighting market demand is still stable growth of two factors, this is only a short-term inventory correction, rather than demand problems.

Credit Suisse believes that when general lighting and backlight products and other related applications are launched, it is expected that the order momentum will start to warm up from the end of the first quarter of next year.

LED stocks fell on the 27th in the crystal led, almost completely annihilated, individual stocks fell 2% to 3% range, the performance of the stock market is relatively weak.