Liqing, Guangbao And Other Taiwan Factories Announced May Revenue, Vehicle Lighting Growth Efforts

- Jun 13, 2019-

Recently, a number of Taiwan factories have reported may revenue, among which liqing and aggregate revenues have increased to varying degrees year-on-year, while guangbao and crystal power have decreased year-on-year.

It is worth noting that the order volume of liqing lights continues to increase, while the shipment of LED lighting for liqing cars continues to grow.

LiQing technology may consolidated revenue of $353 million (nt $, the same below), up 16.88% from the same period a year earlier, the cumulative 1 to 5, 2019 consolidated revenue of 1.737 billion yuan, annual growth of 1.66%, LiQing said that the main benefit from the LED light permeability ascend, major customers cargo strength increasing, mitigate the effects of China's overall decline in new car sales.

Liqing said, the new car lamp design is no longer only the aesthetic condition, but also added to the function of energy-saving, complex type of lights, many changes and other elements.

In addition, the increase of the average set of taillights per vehicle from one set to two sets will help drive up the price of liqing's single product and push the overall operation back to the track of growth.

LiQing pointed out that, for many years to master in LED lights together with the main customers of optics, mechanism and electronic function design close relations of cooperation, the current orders, still in a previous year continues to increase, the permeability of the headlights use leds have gradually ascending trend, in the future as the main customer cargo increasing temperature, the strength will bring the positive to the overall operation of pump.

Looking ahead to the second quarter of 2019, she said she remained cautiously optimistic.

Recent market to stimulate the sluggish new car sales in China, local governments have been relaxed the conditions of the new car purchase, plus China auto emission new rules "the six" standard, part of the first-tier cities early in the year to July, will accelerate the sale of "the five" model, LiQing focus on the one hand, face on the barriers to entry higher LED headlights and rear lamp module niche product research and development, on the other hand, also enhance the joint brand depot revenue, is expected to gradually improve, new car sales benefit to improve the overall gross margin and profit ability.

Guangbao's revenue in May was 14.796 billion yuan, up 9 percent on the month and down 19.98 percent on the year.

Cumulative consolidated revenue in the first five months of this year was 69.524 billion yuan, down 16.8% annually.

The optoelectronics division accounted for 17 percent of total revenue in May.

LED vehicle lighting shipments continued to grow from last year.

Information products accounted for 65% of revenue;

Among them, benefited from cloud computing advanced server, netcom equipment power management system, AI smart home equipment power products continued to grow;

In addition to the smooth shipment of laser multifunctional transaction machines and the increase of market share of computer peripheral products such as keyboard and mouse, the revenue of information products division increased by nearly 10% per month.

Meanwhile, the storage unit accounted for 13 percent of total revenue in May.

In may, its consolidated revenue was 1.289 billion yuan, down 15.0% month-on-month and 28.9% year-on-year.

Its cumulative revenue for the first five months of this year was 6.559 billion yuan, down 24.0% from the same period last year.

Cumulative may revenue reached 295 million yuan, up 20.2 percent month-on-month and 1.3 percent year-on-year. Cumulative may revenue totaled 1.234 billion yuan, down 1.5 percent year on year.

Sources: science and technology news, liberty times, Taiwan economic daily