LED lamp factory Li Qing first quarter revenue highs this year, Shanghai Koito revenues accounted for 4

LED lamp module manufacturers Liqing technology in the continuous improvement of LED light penetration, driven by customer needs continued warming, the cumulative first quarter consolidated revenues of 1 billion 59 million yuan (Note: NT, the same below), an increase of 4.02% over the same period last year, a record high over the same period. March consolidated revenues of 250 million yuan, by the end of March Shanghai Koito was renamed "Chinese domain vision technology (Shanghai) Co. Ltd., customer billing payment deferred operation effect, causing some new models lighting products revenue recognition during the deferred revenue performance in March, representing a decrease of 20.15%, month minus 23.02%.

In the second quarter, Li Qing pointed out that good LED lights to enhance penetration is better than that of the global market for new car sales growth performance in the global auto industry toward electric, intelligent clear trend, brand car factory to speed up the application of "intelligent" and "environmental protection" two major themes of the technical process, the LED lamp has the characteristics of light weight, energy saving and carbon reduction, high visibility and safe driving, car factory is one of the brand new models into the positive development of auto parts products currently.

In addition, Li Qing and major customers continue to actively take the initiative to adjust the development including headlight system (ADB), active headlight steering system (AFS), three eyes (compact dual function ultra-compact triple-eyed bi-function LED) new product application technology, is expected to double in the implementation of the new products and the strategy of the company under the engine has the opportunity to inject momentum. The whole operation, up from the slowdown affect the growth of new car sales report.

For this prospect, Li Qing said, the company is the largest supplier of China LED lamp module, market share of about 10%, with the rear lamps and lamp as the main product, the main customers for the Shanghai Koito last year, accounting for 30% of revenue, the Great Wall car accounted for 28% of this year, Shanghai Koito penetration rate increase, Li Qing the proportion of revenue is also expected to climb, the estimated annual revenue will reach more than 40%.

Source: wealth news

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