[High-tech LED News] Hong Kong Xiansi (595) recently announced its annual results as of the end of March this year. The company's net profit reached 122 million yuan. Although the net profit surged, the gross profit margin fell from 5.13% to 4.8%. The LCD TV business has expanded and the LCD gross margin is lower than other semiconductor businesses, so the overall gross profit margin is lowered.
First of all, we are committed to the upstream development, especially the LED business and group brand products, hoping to increase the Group's gross profit margin. He also said that it will launch 100 million yuan to expand its Wavesquare capacity three times a year, reaching about 1,500 chips per month. It is also discussing with the strategic investors about the development of LED business.
At present, the proportion of Wave Square, the Korean LED chip manufacturer, is 31.84%.
First of all, we are committed to the upstream development, especially the LED business and group brand products, hoping to increase the Group's gross profit margin. He also said that it will launch 100 million yuan to expand its Wavesquare capacity three times a year, reaching about 1,500 chips per month. It is also discussing with the strategic investors about the development of LED business.
At present, the proportion of Wave Square, the Korean LED chip manufacturer, is 31.84%.
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