Small-pitch driver IC market strong accumulation camp watch increase

In 2016, in the global small-pitch display LED driver IC market, the accumulation technology of Dafa Shenwei, although the performance of the fourth quarter of 2016 slightly declined due to the traditional off-season effect, the market demand for small-pitch display in the mainland is still in the ascendant, coupled with the new layout of the company. The shipments of LED driver ICs and indoor lighting LED driver ICs have also steadily increased. In 2016, the global small-pitch display LED driver IC market was a big accumulation of technology, although the fourth quarter of 2016 was due to tradition. The off-season effect has declined slightly, but the market demand for small-pitch display in the mainland is still in the ascendant. In addition, the company's new layout of LED driver ICs and indoor lighting LED driver ICs has steadily increased, and the company first estimated the first in 2017. The quarterly results have the opportunity to be flat compared with the fourth quarter of 2016. Looking at the level of NT$600 million, it shows the strength of the operating growth in the off-season. Although the outlook for the technology industry in 2017 is still prosperous, the overall economy is still volatile, but the accumulation has been estimated that the high revenue growth in 2017 should be easily double-digit percentage points, and the profitability is also better than 2016. One. Accumulation has been estimated to have a revenue of 2.49 billion yuan in 2016, which is more than 20% more than in 2015. For Taiwanese analog IC design operators, an analog IC solution with a unit price of only a few dollars is added. Every year, the average unit price of the chip drops by 10 to 20%. The company can also surrender its annual revenue growth of more than 20%. It can be seen that in 2016, the global small-pitch display LED driver IC market is invincible and attacked. The grand occasion of grams. After the accumulation of settlement in the first three quarters of 2016, the EPS has exceeded 5 yuan, the market initially estimated that the 2016 EPS should be able to stand at 6 yuan, and the company's past dividend policy has always been a generous attitude to observe, the accumulation of this year's dividend policy has a chance to see 5 yuan. However, for the accumulation of a stable operating policy, the company's top management has apparently not been confused by the 2016 profit growth trend, not only actively reducing the cost of the existing LED driver IC product line, but also adopting 0.13/0.15 micron, etc. More advanced process technology to increase grain output. On the other hand, the company also locks in the market for the automotive and new display technology Micro LED market, continuing the market development strategy of accumulating a step earlier, higher technology and updating applications than competitors. So as not to be easily dragged into the pure chip price war without any added value. In the cross-strait LED industry chain, we are more optimistic about the global small-pitch LED display market demand in 2017. There is still more than 50% growth capacity. The accumulation also predicts that its LED driver IC shipments are expected to increase by at least 30% annually. Under the decline in driving IC quotations, the company's top management has initially estimated that revenue in 2017 will grow at least 10-12%. As for the LED driver IC solution for the delivery of the car, the company also plans to move from the current aftermarket to the pre-installation order. The customer structure also hopes to directly communicate with the OEM and ODM foundry, and then directly communicate with the brand depot. Although the current performance of LED lamp driver IC product line is still not high, but the advantages of medium and long-term order stability and gross profit and profit are just right for the accumulation of operating style, so that the interior is also optimistic about the LED lamp driver IC product line will be in the future The company's new operating column foot.

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