Market listed companies have released their March revenue reports this week with the LED industry coming out on top, according to an article by Economic Daily News. LED manufacturers had unusually good performance in January and February, a traditionally slack season for the industry. The growth trend continued into the peak season where it picked up pace in March. Order visibility already extended to 3Q14. The second half of this year is anticipated to be smooth for the industry.
LED manufacturers saw significant revenue growth in March. Manufacturers including Unity Opto, Everlight, Epistar, and Lextar increased by at least 20 percent while Edison Opto, Harvatek, and Forepi grew 30 percent.
Energy Star certification boosted Unity Opto’s LED lighting shipment volumes
Unity Opto has seen shipment volume double recently as the company obtained Energy Star certification for their lighting products, said Chairman Wu Ching-huei. Demands for LED lighting, mobile phone backlight, and TV backlight have also risen.
FOREPI benefits from hike in European and U.S. LED lighting orders
LED epitaxial manufacturer FOREPI showed a clear increase in revenue in March. Completion of manufacturing adjustments, hike in European and U.S. LED lighting orders, as well as increased flip-chip supplies to Samsung have all driven up revenue growth. The company has close cooperation with LED upstream and downstream supply chains, in addition to Unity Opto.
Increase in LED lighting orders from European and U.S. international and regional manufactures drove up March revenue, said FOREPI Chairman Chien Fen-ren. LED lighting revenue share is anticipated to increase over 40 percent this year.
LED industry flourishes in March
The entire LED industry flourished and showed clear growth in March. Everlight Chairman Robert Yeh projected that revenue grew 20 percent last month. Harvatek also saw a clear increase in revenue, according to Chairman Billy Wang. Additionally, Lextar experienced order improvements in March.
Profit margin to see substantial growth in 2Q14 for Epistar
Epistar Chairman B.J. Lee said production capacity utilization rate was almost full in 1Q14 and will reach full capacity in 2Q14. Lee estimates that profit margin in 2Q14 will increase substantially.