Liqing’s consolidated revenue in August reached 391 million yuan (NTD, the same below), an annual increase of 7.08%. The cumulative consolidated revenue in the first August was 3.477 billion yuan, an annual increase of 38.87%. Receipts have all rewritten new highs over the same period of the year.
Li Qing said that under the traditional summer vacation of brand car factories, the number of working days of car factories is less, and the global shortage of automotive chips has caused about 40-50% of Li Qing’s partial orders to be delayed. However, it is benefited from the continued acceleration of the automotive industry. Energy-saving, carbon-reduction, smart cars, etc., have driven the increase in the penetration rate of LED lights per vehicle, which has maintained a certain demand for orders and boosted revenue growth in August.
Looking forward to the second half of 2021, Li Qing pointed out that in the short term, the global chip shortage has significantly slowed the production pace of vehicle manufacturers in mainland China, and the delivery speed has also slowed down. Energy vehicles are still the main targets of various automakers in 2021. Li Qing is also currently working with major customers to develop related LED lamp modules for hybrid vehicles and electric vehicles.
In addition, China's auto dealer inventory warning index continued to decline in August, down 0.6% to 51.7% from July, and the problem of chip shortages is expected to gradually improve before the industry peak season in the fourth quarter. As the supply and demand of chips are expected to recover Bringing a wave of replenishment of inventory orders, driving the fourth quarter of the camp's sports performance.
