On June 9, Liqing announced that its consolidated revenue for June reached 337 million yuan (NTD, the same below), a monthly decrease of 18.57% and a year-on-year decrease of 5.70%. However, the new car market maintained good sales performance, accumulating the second quarter. , The consolidated revenue in the first half of the year was 1.216 billion yuan and 2.716 billion yuan, with annual growth rates of 15.39% and 58.60%.
Li Qing also expects that as customers' pull strength recovers, the overall operation of this year will rebound at the end of the second quarter, and the third quarter is expected to perform well in the off-season. Although in the second quarter, due to the imbalance in the short-term supply and demand of global automotive chips, brand automakers responded by shutting down to slow down the pull of the overall automotive industry chain. In addition, due to the characteristics of the industry, the company’s June revenue performance was reduced. Annual performance.
Li Qing said that thanks to the good sales performance of the new car market in mainland China and the clear trend of increasing LED penetration, major customers including Huayu Vision Technology, Damao Vorike, etc. have strong demand for LED car light modules. Not only did it lead to a 58.60% year-on-year increase in revenue in the first half of the year, but with the recovery of customers’ pull of goods, it is expected to contribute to Liqing’s overall operation rebound in the second quarter this year.
Li Qing further pointed out that with the development of the automotive industry toward intelligent, energy-saving and carbon-reducing technologies, the demand for automotive LEDs will increase. According to TrendForce's latest "2020-2021 Global Automotive LED Product Trends and Regional Market Analysis" The report estimates that in 2021, the penetration rate of LED headlights in global passenger cars will have a chance to reach 60%. Among them, the penetration rate applied to electric vehicles will have a chance to reach 90%, which will help Liqing continue to develop more. Market category.
In the first half of this year, Liqing’s revenue from LED headlights accounted for 23%, and LED headlight modules (including taillights, daytime running lights, etc.) used in new energy vehicles reached nearly 50 projects, developed and shipped, and are responsible for car emissions. Under the trend of stricter standards, Li Qing is also actively developing related LED lamp modules for hybrid vehicles and electric vehicles with major customers, which will enable the company to maintain good order visibility in the future.
Looking forward to the third quarter, Liqing said that it maintains a cautiously optimistic view; and pointed out that although the traditional automotive industry has entered the off-season in the third quarter, the company expects that after the global shortage of automotive chips gradually eases, brand car manufacturers are expected to shorten the summer vacation and increase the market. In addition, the Taoyuan Guanyin Factory, which is deployed for mass production of LED headlight controller products, has been assisted by the advancement of major customers’ pull of goods to the second quarter, and the overall production capacity utilization rate has gradually increased. Pulling higher, as the customers' ability to pull goods continues to increase, it will promote the company's third-quarter operating performance in the off-season. (Source: moneyDJ)
