MINI FAKRA Automotive Cable Assembly Dongguan Zhuoyuexin Automotive Electronics Co.,Ltd , https://www.zyx-fakra.com
In the off-season, Jingdian's November revenue decreased by 14.04%.
On December 7, Jingdian announced that its consolidated revenue for November reached 1.815 billion yuan (NTD), marking the second-lowest figure of the year. Compared to October, the monthly revenue dropped by 14.04%, and compared to the same period last year, it fell by 15%. The cumulative revenue for the first 11 months of the year stood at 23.318 billion yuan, representing a slight annual decline of 0.66%.
Jingdian attributed the drop in November revenue to the seasonal slowdown and a decrease in shipments of Blu-ray LEDs, lighting products, and backlights. The company noted that the traditional off-season typically affects performance during this time of the year.
Looking ahead to December, Jingdian reported that the current order situation remains stable. However, after customers complete their inventory counts at the end of the month, they may begin pulling goods, potentially leading to an increase in order volume.
The company's leadership emphasized that while the traditional low season for blue LEDs has impacted backlight shipments, the lighting segment is still performing strongly. They expect the third-quarter operations to continue supporting overall performance, with the revenue decline this quarter possibly being less severe than in previous years.
In September, Crystal Power recorded its highest revenue since April 2015. This was driven by the peak season for backlight applications and strong demand for lighting products. The results exceeded market expectations and marked a significant improvement compared to the previous 12 seasons.
In the third quarter, Jingdian’s net profit after tax reached 804 million yuan, the highest since the third quarter of 2014. The net profit per share was 0.75 yuan. For the first nine months of the year, the after-tax net profit totaled 1.254 billion yuan, turning from a loss to a profit compared to the same period last year, with a net profit per share of 1.18 yuan—exceeding market forecasts.
Notably, the 2017 High-tech LED Annual Conference will be held on December 21st and 22nd at the Baoan Dunxi International Hotel in Shenzhen. The event will focus on "Deepening the Smoke and Eliminating the Soft Power, Deep Integration, and Tapping New Opportunities." As a sponsor of the opening ceremony, Jingyuan Optoelectronics will participate in in-depth discussions and exchanges with industry leaders.