LED sapphire substrate demand recession USI photoelectric Q1 profit greatly reduced the 95%

This year Q1 LED sapphire substrate demand and unit price compared with the same period last year recession, the ACME in the first quarter from industry invested subsidiary of USI photoelectric profit greatly reduced, ACME reported a USI optoelectronic the firstquarter profit contribution of only NT 13.8 million yuan, greatly reduced by 95.44% compared with 303 million yuan in the same period last year.CROSS parent company in Taiwan plant and Kunshan plant losses are caused by single-quarter pretax loss of NT $ 2.24 million yuan, is fortunate to have income tax benefit 253 million New Taiwan dollars, the company's single-season barely hold a profit of about 30 million New Taiwan dollars, almost in the loss of the flat edge. However, ACME, said the second quarter of passive components and sapphire results will be compared to the first quarter upturn, the single-season should be profitable.ACME, said The USI photoelectric operation has stepped out of the bottom in the third quarter of last year and began covering the stock, the customer from the fourth quarter of last year, while the first quarter, although the Lunar New Year holiday off-season factors, but also to see the backlight source market demand slowly warmed, and now, into the second quarter, market demand has joined the lighting needs, the USI photoelectric visibility of orders already seen in June.CROSS USI Optoelectronics has developed a 120kg crystal growth furnace, to become one of the major supplier of the global large-size sapphire orders stepped out of the domestic market, and by the customers in North America, Japan and South Korea, Therefore, the outlook is fairly positive.