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Genesis mainly focuses on supplying green LED chips for LED outdoor billboards in mainland China

Despite the company’s improvements in cost structure and production efficiency, Everlight’s earnings before interest, taxes, depreciation and amortization would likely fall further in the next two years from 14.4 percent in the first quarter, the agency said.

Genesis mainly focuses on supplying green LED chips for LED outdoor billboards in mainland China. And green LED chips products have 90% share in the company’s total products, while 10% were blue LED chips before 2009.  However, it takes a big change as the increasing demand for white light LEDs. Currently, blue LED products accounted for 80% of total products, while green LED products accounted for 20% in first-half 2012.

The company chairman David Chung has pointed out that China is the second-largest market for Genesis and approximately 40% of 2011 total revenues came from mainland China.
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