LED manufacturer Lunda January this year a success of the camp to collect and bring spring of 2014 operations. Credit Suisse Securities latest research report , Ronda continued to strengthen the lighting business, LED lighting optimistic this year will reach 40% of revenue accounting , another more direct type backlight thin material helps it to develop new products and access markets Chinese brands , plus flip products on the Korean market is also expected to see the benefits , it is estimated that this year's revenue is expected to Ronda grow 13 percent over last year , and with the improvement in the product mix, the gross profit margin is expected to rise from 13.1% in 2013 to 2014 14.8%.
Ronda January consolidated revenue was 1.22 billion yuan ( NT , the same below ) , the monthly increase of 11% annual growth of 28%. Credit Suisse noted , Lunda -than-expected revenue performance in January , mainly to benefit the notebook and monitor applications backlighting orders picked up, as well as Europe and Japan continue lighting up the goods orders .
Looking February , Credit Suisse believes that with the fewer number of days , I believe Lunda February revenue will decline compared to January , but March will see the rise , with an estimated overall revenue in the first quarter compared with the previous quarter decline of about 5 to 6%.
For the full year performance of Ronda , Credit Suisse said its LED lighting business continued to strengthen this year , with the growth of existing and new customers , estimated that the LED lighting business revenue accounted for 30 per cent from 2013 to 2014 growth 40% , while in the field also have launched more backlit thin direct type backlight new products, materials contribute to its pioneering Chinese brand and market access , in addition, Lunda this year is also expected to see the benefits of flip chip products in the Korean market , so Lunda estimated revenue this year is expected to grow 13 percent over last year , gross margin is expected to rise from 13.1% in 2013 to 14.8% in 2014 .
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