CLP's LED lighting performance grew 410% annually

Taiwan Plant CLP (1611) LED lighting business benefited from Cree technology and channel cooperation. In 2010, its performance grew by 410%, accounting for 40% of revenue.

CLP LED sales are currently based on modules. Q2 revenue is NT$1.57 billion, a quarterly increase of 15%, Q2 EPS is 0.34 yuan, and a quarterly increase of 26%.

CLP estimates that traditional lighting performance in 2010 will maintain NT$3.8 billion, LED performance will be 2.64 billion yuan, and electric vehicles will be worth 0.7 billion yuan. Revenue will reach NT$6.56 billion, an increase of 66%.

The estimated gross profit margin will fall to 18.2% in 2010, but the 2010 expense ratio will decline. The EPS is estimated to be 1.44 yuan, an increase of 49%.

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