Ronda's Q1 revenue was NT$2.888 billion, up 32% year-on-year
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The company also announced revenues for April 2013, totaling NT$1.24 billion, an increase of 13% from March and a 47% increase from the same period last year.
Zhang Boyi, deputy general manager of the financial department of Lunda Electronics, said that the first season was the traditional LED off-season, and that some products of Longda Electronics were still in the combined adjustment period at the beginning of the merger with Power Alliance, which led to a decline in gross profit margin from the previous quarter. However, due to the recognition of the merger purchase gains, the basic earnings per share in the first quarter reached NT$0.92. The inventory turnover days were also reduced from 74 days in the fourth quarter of last year to 63 days in the first quarter of this year, enabling the most effective management of assets.
Looking forward to the second quarter, Ronda Electronics also said that the backlight and lighting market demand is picking up, driving capacity utilization, and optimizing the product mix, the company is optimistic about the second quarter gross profit margin rebound. In terms of products, smartphones and tablets for backlight applications will grow significantly; and new specifications for lighting applications will have the first Japanese brand customers, plus the demand for lighting components in the mainland market is expected to increase. The second season lighting products will continue to grow. The average capacity utilization rate in the second quarter was about 70% to 80%. 