[High-tech LED News] Tongxin Q3 combined revenue of 1.582 billion Taiwan dollars, equivalent to Q2, down 12.6% compared with the same period of last year; operating gross profit of 498 million yuan, a 4.2% increase, an annual decrease of 6.8%; gross profit margin 31.5%, net profit before tax was 329 million yuan, up 36.7% quarter-on-quarter, 1.3% year-on-year; net profit after tax was 267 million yuan, up 24.7% quarter-on-quarter, 0.3% less than the same period last year, EPS 1.81 yuan.
Tongxin Power's accumulated revenue for the first three quarters was NT$4.676 billion, an annual growth rate of 6.3%; operating margin was NT$1,384 million, with an annual growth rate of 9.3% and a gross profit margin of 29.6%, which was better than the 28.8% level in the same period last year. Net profit of NT$800 million, an increase of 7.7%; net profit before tax of 830 million yuan, an annual increase of 17%; net profit after tax of 694 million yuan, an annual increase of 15.2%, EPS 4.71 yuan.
Due to the weak demand in the backlight market, the third quarter LED ceramic thermal bulk substrate revenue of 654 million Taiwan dollars, 17% lower than the previous quarter, the proportion of shipments of AIN aluminum nitride substrate changes, with Xindian statistics, Q3 The product accounted for 27% of the total LED ceramic heat sink substrate, which was the same as the second quarter, which was higher than the 5% level in the same period of last year. It is estimated that the proportion of aluminum nitride substrate will not change much in the short term.
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