Li Qing new year in September revenues increased by more than 8 New Year

LED lighting module manufacturers Li Qing technology consolidated revenue of 400 million yuan in September, a record monthly revenue of a new high, compared with the same period last year grew by 83.15%.

2016 third quarter revenue of $856 million, representing a growth of 41.86% over the same period last year, also hit a record high over the same period.

Li Qing said that in September a substantial increase in revenue on the one hand due to part of the car is expected to ship in September, the new car lights products, in 7, in the summer of the car factory during the period of the beginning of the Qing Dynasty began to stock due to the beginning of August.

In addition, from the car brand manufacturers to accelerate the introduction of LED light permeability keep ascending trend, the main customers include the Great Wall, Shanghai Koito and Guangzhou Koito on Li Qing demand LED lamp module, driven by Li Qing in the traditional off-season third quarter car remained stable growth, and hit a historical high of key factors.

At present, Li Qing continued to gain a foothold in China's largest LED lighting module factory, the first 3 quarters of this year, accounting for car revenues accounted for more than 94%.

Research firm LEDinside latest research report pointed out that in 2016 the global automotive lighting market value of LED reached $1 billion 570 million, and in 2020 to maintain an annual growth rate of 6% per year.

With the development of global automotive safety regulations, new energy saving and carbon reduction policy continued to launch, in addition to the requirements of the new mandatory installation of lamp, the car brand for automobile electronics factory also accelerated toward the security, intelligence, and energy saving and carbon reduction technology research and development process, the application of LED to drive a new car headlights, taillights, daytime running lights contain headlights and continuously improve permeability, helps to maintain good order visibility Liqing.

According to the China Automobile Industry Association statistics, the first 8 months of this year, new car sales reached 16 million 575 thousand, representing a growth of 11.43% over the same period last year, indicating that the overall Chinese new car market to maintain a good sales growth environment.

Li Qing optimistic about the upcoming season of the fourth quarter of the traditional automotive industry.

Li Qing pointed out that due to the government Chinese for small displacement (1600c.c) half purchase tax preferential policies expire at the end of this year, is expected to significantly stimulate the brand depot generally considered small cars, and lower priced China independent brand car factory show good sales performance.

The main customers China Liqing largest SUV brand car factory and the Great Wall cars and Japanese, Europe and the United States Department of a joint venture brand car factory continued to launch more Car Buying concessions, boost sales, driven by the continuous improvement of LED lamp module products stock strength, creates the overall operating by quarter growth.

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