In the new century, the revenue of 370 million yuan in October was up 5.8% from September.

[High-tech LED News] In the new century, the revenue of NT$370 million in October was up by 5.8% from the previous month, and the annual growth rate was about 11.6%. The company explained that the main performance of lighting products made up for the TV TV backlight source gap. In addition, the outdoor billboard market, which was originally focused on in the new century, also supported the basic performance. Accumulated revenues for the first 10 months of this year amounted to NT$ 3.94 billion, an annual growth rate of nearly 70%.

In the new century, Q4 revenue is expected to be close to NT$1.1 billion this year, and the quarter will be reduced by about 10%. However, the proportion of lighting products shipments is expected to increase, and the decline in the cost of sapphire board may help the gross profit margin of the fourth quarter of this year to rebound slightly from the previous quarter. The annual revenue is estimated to be NT$4.6-47 billion, with an annual increase of 50%. The annual profit is estimated at NT$600 million, and the earnings per share is estimated to be between RMB 2-2.5.

Looking ahead to 2012, lighting is one of the most promising growth projects in the new century. As the new century signed a cooperation agreement with the mainland Putian Group this year, in the future, Putian will provide EMC (Energy Management Contract) services to mainland chain hotels and stores (providing Putian LED lamps from the new century, and then collecting some of the saved electricity costs). Q4 has started shipping this year, and it is expected to contribute NT$500 million to NT$600 million in revenue in 2012.

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