LED lighting module factory Liqing Technology pointed out that it has successfully entered the Sanli vehicle and obtained the certification of the brand car factory. It is expected to generate operational benefits in the fourth quarter, and the related expansion has been started in response to the order demand of Wuhan Xiaoyan customers. plan.
Liqing's consolidated revenue in May was 302 million yuan (NTD, the same below). Due to the May 51 holiday in China, the revenue decreased compared with the previous month, but it still continues to benefit from LED lamp penetration. The increase led to a 30% increase in May revenue compared to the same period last year; the combined revenue for the previous five months was 1.709 billion yuan, an increase of 11% over the same period last year and a record high for the same period in history.
Li Qing said that as the mainland government pays more and more attention to the development of energy-saving and new-energy vehicles, it not only provides a management mechanism for “double points†for each brand car manufacturer, but also gives preferential policies for related subsidies to accelerate the application of new energy concepts in brand vehicles. The R&D technology process such as fuel efficiency improvement, LED lamp features are lightweight, energy-saving and carbon-reducing, high visual visibility and driving safety. It is one of the automotive component products actively introduced by brand car manufacturers.
According to the latest research report, China's new energy vehicle LED lamp market will grow at a compound annual growth rate of 54% from 2017, reaching US$95 million in 2022, highlighting the huge market opportunities for LED lights.
Li Qing stressed that according to the historical revenue performance of the past five years, the first half of the year has been paid for five consecutive years to maintain annual growth, especially in the second half of the year, with the entry into the automotive industry peak season, and currently there are more than seven LEDs in Liqing. The headlight module products continue to be mass-produced and shipped, and we are confident that the revenue performance in the second half of the year will be significantly better than the first half.
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