Hongqi: heating up in the second half of the year. Mini LED is used for authentication in mobile phones.

Hongqi yesterday (21) the shareholders' meeting will be allocated 1 yuan (NT $second). As the second quarter is still off season, Hongqi said that the second quarter is almost the same as the first quarter. Due to the peak season of the second half of the year, it is expected that the second half of the year will be better than the first half of the year. As for the Mini LED of the company's layout, it is still under recognition.

Hongqi held a shareholder meeting yesterday. In recent years, Hongqi shunned the fierce competition such as LED lighting and so on, focusing on products such as display panels, vehicle panels and other products, and strengthened the research and development of Mini LED and RFID chips and other products, coupled with a substantial reduction in depreciation burden.

At present, the production capacity of Hong Qi month is about 550 to 600KK, of which consumer products (including terminal lights, mobile phones Flash, game machines, 3C products, NB and household appliances) account for about 50% of the total revenue, 40% of the display products, and 10% of other products (including infrared 5%, textile lights and vehicle panels).

Hongqi combined revenue in the first quarter of this year was 774 million yuan, an annual growth of 12.83%, a gross profit margin of 163 million yuan, a combined gross profit margin of 21.45%, an annual increase of 1.67 percentage points, a post tax surplus of 43 million 220 thousand yuan, and a profit of 0.21 yuan per share.

Hongqi consolidated revenue in May was 247 million yuan, an annual decrease of 1.11%, and accumulated 1 to May combined revenue of 1 billion 303 million yuan, an annual increase of 11.5%.

Hongqi said that in the second quarter, due to the off-season, the second quarter results were expected to be similar to those in the first quarter. Due to the peak season in the second half of the year, the second half of the year will be better than the first half.

In the part of Mini LED, the 4 Mini LED developed by Hongqi is combined into a Mini COB package, which can be applied to the LED screen of the cinema. At present, the delivery has been started, and the Mini LED is used in the authentication.

Hongqi consolidated revenue in 2017 was 3 billion 13 million yuan, operating margin was 663 million yuan, the combined gross profit margin was 22%, an annual increase of 9.81 percentage points, the after tax surplus was 226 million yuan, and the earnings per share were 1.12 yuan.

Source: Zhong Shi e Bao

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