LCD driver IC plant Rui Ding (3592) announced last year's full-year revenue of 9.056 billion yuan, down 1.3% from the previous year, but Ruiding tripped into the customer supply chain of China's panel makers last year, and its annual revenue reduction was better than corporate expectations. 5% to 10%; Looking forward to this year's market conditions, although the large-scale panel climate is still conservative, Ruiding enters the small and medium size driver IC market on the one hand, and on the other hand, it depends on non-drive IC product lines such as touch ICs and power management ICs. , support the operation.
Ruiding's revenue in December last year was 686 million yuan, a decrease of 3.4% in the month and an annual increase of 2.5%; in the fourth quarter, revenue was 2.162 billion yuan, 5.9% lower than the 2.256 billion yuan in the third quarter.
Over 90% of Ruiding's products are drive ICs for large-size panels. In the past, parent company AUO (2409) once accounted for more than 90% of Ruiding’s revenue. In order to reduce its dependence on AUO, Ruiding started in the second half of last year. New Chinese customers have been added to spread the risk of overly concentrated customer structure.
It is understood that China's large-size panel customers Ruiding obtained should be BOE. Under the adjustment of customer structure, Ruiding’s single-month revenue in the second half of last year changed smoothly from a year-on-year recession to annual growth, and it also allowed Ruiding’s annual camp. The year-on-year reduction was compressed to 1.3%, better than expected.
Although this year's boom in large-size panel products is still affected by the sluggish global economy, coupled with the suspension of the subsidy program for home appliances to the countryside, the growth of TV sales in China is expected to be reduced to 10% to 12%. Dimensions of panel-driven IC-based Ruiding operations cast uncertainties; however, Ruiding also actively enters the market for small and medium-sized panel-driven ICs. Other non-drive IC product lines including power management ICs and touch ICs are also shipping. The large size panel is heading against the wind.
Ruiding’s after-tax profit in the first half of last year was 422 million yuan, a year-on-year decrease of 49.6%, and EPS of 6.5 yuan. The legal person estimates that Ruiding’s EPS will fall between 11 yuan and 12 yuan last year, although it is down from 19 yuan the year before last year. However, the performance of making more than one equity is still the leader in the LCD driver IC group.
Ruiding's revenue in December last year was 686 million yuan, a decrease of 3.4% in the month and an annual increase of 2.5%; in the fourth quarter, revenue was 2.162 billion yuan, 5.9% lower than the 2.256 billion yuan in the third quarter.
Over 90% of Ruiding's products are drive ICs for large-size panels. In the past, parent company AUO (2409) once accounted for more than 90% of Ruiding’s revenue. In order to reduce its dependence on AUO, Ruiding started in the second half of last year. New Chinese customers have been added to spread the risk of overly concentrated customer structure.
It is understood that China's large-size panel customers Ruiding obtained should be BOE. Under the adjustment of customer structure, Ruiding’s single-month revenue in the second half of last year changed smoothly from a year-on-year recession to annual growth, and it also allowed Ruiding’s annual camp. The year-on-year reduction was compressed to 1.3%, better than expected.
Although this year's boom in large-size panel products is still affected by the sluggish global economy, coupled with the suspension of the subsidy program for home appliances to the countryside, the growth of TV sales in China is expected to be reduced to 10% to 12%. Dimensions of panel-driven IC-based Ruiding operations cast uncertainties; however, Ruiding also actively enters the market for small and medium-sized panel-driven ICs. Other non-drive IC product lines including power management ICs and touch ICs are also shipping. The large size panel is heading against the wind.
Ruiding’s after-tax profit in the first half of last year was 422 million yuan, a year-on-year decrease of 49.6%, and EPS of 6.5 yuan. The legal person estimates that Ruiding’s EPS will fall between 11 yuan and 12 yuan last year, although it is down from 19 yuan the year before last year. However, the performance of making more than one equity is still the leader in the LCD driver IC group.
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