Benefiting from LED headlight / fog light penetration, Liqing June and Q2 revenue doubled in the same period.

Li Qing's combined revenue in June was 375 million yuan (NTD, the same below), a monthly increase of 24.15%, an annual increase of 66.6%, a cumulative second quarter revenue of 1 billion 24 million yuan, an annual growth rate of 36.23%, and a single month and 2 quarter revenue doubled to a record high. Cumulative revenue in the first half of the year was 2 billion 83 million yuan, an annual increase of 17.70%.

Li Qing said that benefiting from China's visual technology, the Great Wall motor and Wei Ruike, the main customers of the company continued to increase the power of LED light module product stocking, so that the overall shipment volume expanded synchronously with the introduction of LED lights from the new car to the general RV penetration rate. The second quarter was not affected by the Qingming holiday and the mainland may day holiday. There are still good results in terms of less working days and interference with exchange rate factors.

In order to actively accelerate the performance of headlights / fog lamps and to meet the new orders needs of major customers in the second half of the year, such as China vision technology and big Mao Wei Ruike, Li Qing continued to increase the replacement of new and old products in the second quarter. The overall sales performance of headlights / fog lamps in the second quarter of 2018 is still significantly higher than that of the same period last year, although the short-term fear may affect the operation table slightly. Now, however, the benefits are gradually emerging. The new and old products are coming to an end. The new orders in the second half of the year will be shipped in a timely manner, which will help the camp to continue to pick up.

Source: Zhong Shi e Bao

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