Auto industry Q3 traditional off-season, Li Qing August revenue still hit a record high.

China's largest LED lamp module manufacturer Li Qing technology self merger in August combined revenue of 359 million yuan (NTD, the same below), although the brand car factory summer break industry off-season, but in the overall LED lamp module orders shipped prosperous, August revenue increased by 17.13% annually, and wrote for 3 consecutive months, a single month revenue, a record high in the same period, the monthly increase of 0.13% Consolidated revenue in August was 2 billion 801 million yuan, up 20.60% from the same period last year.

Li Qing said that the layout of LED lamp module Market in addition to the main customers including Huayu visual technology, the Great Wall automobile and other products, such as LED taillights, daylight lamps and other modules, continuous production volume notes, benefiting from the trend of LED lamp permeability enhancement and design diversification and complexity, the main customers are increased to LE The demand for modular products such as D headlights and high-order LED taillights has also increased gradually, creating a high volume of orders for Li Qing's overall orders, and noting that the long-term utilization capacity of the company is near full load. It is also a key factor contributing to the excellent performance of Li Qing's annual revenue growth of more than 14% a year in the past 5 years.

Looking forward to the third quarter, Li Qing pointed out that although the third quarter is the traditional off-season of the automobile industry, the orders for new car LED taillights and headlights developed by major customers in recent years have been gradually produced and shipped in the second half of this year, pushing up the utilization ratio of the production bases.

With the peak season of traditional industries in the new car sales market in the fourth quarter, there will be an opportunity to increase the overall performance of the company in the second half of the year when the main customers are warming up. In addition, in order to meet the order needs of Huayu group customers, it has accelerated the pace of Wuhan new plant's production line construction. In the first half of next year, we will put into production capacity in the first half of next year.

Source: Yahoo Chi Mo

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