Lextar has seen positive financial results for the first half of 2012 that came from the break-even Q1 and a magnification of sales and profits in Q2”, said B.Y. Chang, CFO and Vice President of Lextar. “The improvements were attributed to the combination of first, the adequate leverage of product and customer portfolios in backlighting business and lighting business, and second, the raise in utilization, and then the good management of inventory.” Despite challenges of price erosion accompanied by the severe market competition, the firm generated results that were in line with its guidance mainly by utilizing its advantages of vertical integration, reflecting a reasonable portfolio in all phases including chip, packaging, module and lighting products. Besides, Lextar has also shown cost reduction result from reinforcement of product design and supply chain management. The company reported a utilization rate of over 80% on the second quarter and shortened its days sales of inventory to 79 days, which shows its efficient management on asset optimization.
In the first two quarters of 2012, Lextar showed growth momentum from its backlighting and lighting business units. With the broadened range of high-end products and the extended customer base from Korea, Japan and China, Lextar has effectively sustained its profitability in backlighting business. As for module business in lighting, the company has long been recognized by its packages, COB (Chip on Board), light bars and light boards, making itself a reliable partner to European and Chinese incumbents thus has continued climb in sales. Lighting application business, which received orders from the first-tier brands in Europe and the US for its new generation of LED light tubes following the shipments of panel lights to the global brands, will keep growing its value of product portfolio by increasing the emphasis on LED lighting fixture.
It specializes in manufacturing high-brightness LED epi wafers, chips and packages, as well as energy-saving and smart lighting products. The range of applications includes LCD backlighting, professional lighting source, consumer lighting source and various lighting products. Lextar officially acquired LightHouse Technology Inc. in March 2010. The company now houses more than 2,400 employees and its headquarters is in the Hsinchu Science Park, Shenzhen. Its manufacturing plants are located in the Hsinchu Science Park, Hukou Industrial Park and Chunan Science Park in Shenzhen, and a assembly plant in Suzhou, China.
In the first two quarters of 2012, Lextar showed growth momentum from its backlighting and lighting business units. With the broadened range of high-end products and the extended customer base from Korea, Japan and China, Lextar has effectively sustained its profitability in backlighting business. As for module business in lighting, the company has long been recognized by its packages, COB (Chip on Board), light bars and light boards, making itself a reliable partner to European and Chinese incumbents thus has continued climb in sales. Lighting application business, which received orders from the first-tier brands in Europe and the US for its new generation of LED light tubes following the shipments of panel lights to the global brands, will keep growing its value of product portfolio by increasing the emphasis on LED lighting fixture.
It specializes in manufacturing high-brightness LED epi wafers, chips and packages, as well as energy-saving and smart lighting products. The range of applications includes LCD backlighting, professional lighting source, consumer lighting source and various lighting products. Lextar officially acquired LightHouse Technology Inc. in March 2010. The company now houses more than 2,400 employees and its headquarters is in the Hsinchu Science Park, Shenzhen. Its manufacturing plants are located in the Hsinchu Science Park, Hukou Industrial Park and Chunan Science Park in Shenzhen, and a assembly plant in Suzhou, China.
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