Li Qing's revenue is high in July, and sales performance of LED headlights / fog lamps is driving profits.

Recently, LED lamp manufacturer Li Qing announced that its combined revenue in July was 358 million yuan (NT $, the same below). Although it entered into the traditional auto industry in the off-season and the depreciation of the RMB exchange rate affected the conversion of revenue, the single month revenue decreased slightly from last month. However, the LED lamp module of the beneficiary has maintained a long performance in shipping, driving the July revenue over the same period last year. A significant growth of 45.82%, and a record high in the same period of history; accumulative total revenue from 1 to July in 2018 was NT $2 billion 442 million, up 21.13% over the same period last year.

Li Qing said that in July, the revenue could enter the brand car factory's traditional summer break, and it could still pay outstanding achievements in its annual growth, mainly in order to maintain certain level of order visibility for its LED lamp module products, including Huayu visual technology, the Great Wall automobile and Wei Ruike, especially in the LED taillights and headlights of new models. Orders have been gradually added to mass production since June, resulting in increased productivity utilization of production bases. Benefiting from the brand car factory's accelerated penetration of new LED lights into new cars, it will help the car Department of Liqing to have a good order environment. With the warming up of the main customers, there will be an opportunity to note that the overall performance of Li Qing in the second half of the year is better than that of the first half of the year.

Looking forward to the third quarter of 2018, Li Qing hopes that the share of global LED lights in the car light market will continue to increase, which will benefit the growth environment of the company's overall business orders. Although the third quarter is the traditional off-season of the auto industry, but since 2016, the new car orders for research and development, such as Huayu visual technology and big Mao Wei Ruike, are expected to be produced and shipped in the second half of this year. As the gross profit margin of new orders is better than the average level, the company actively accelerates the LED headlights / fog. The sales performance of the lamp and its assisting in the adjustment of new and old products will increase the gross profit margin and profit performance of Li Qing in the second half of this year.

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