Tongjia estimates Q2 revenue is expected to rise Q3 is unclear

Tongjia's April revenue was only flat with the previous month. Looking ahead to the market, Tongjia pointed out that orders in May were in good condition, and it is estimated to be at least the same as in April. The second quarter revenue is also expected to maintain a growth pattern. However, since June, customers have been hoping to keep their inventory at a low water level, and their repayment will not be strong. Therefore, the follow-up revenue in the third quarter is uncertain.

About two-thirds of Tongjia is a Taiwanese customer, and another third is from the mainland, and a few Korean system customers. Among them, many customers in Taiwan have sold their products to Europe, so they are not affected by the European debt storm. Tongjia said frankly that although the order visibility is still maintained at 2 months, it seems that the rush order in the third quarter is not as much as the second quarter, and it is treated with caution in the third quarter.

Tongjia's AC/DC PWM IC has a revenue share of approximately 80% and a DC/DC PWM IC of approximately 20%. It also produces a small number of LED backlight driver ICs. Tongjia's shipments of DC/DC PWM ICs with lower gross margins in the first quarter, plus new product LED backlight driver IC yields to be improved, gross margin is slightly slippery compared to the fourth quarter of last year, but still maintained at 36% Left and right level. Tongjia pointed out that the second quarter revenue is expected to grow, and the gross profit margin can be equal to the first quarter when the product mix remains stable.

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