The Shipment Of LED Automotive Lighting Module Is Expected To Increase In 2019

- Mar 18, 2019-

According to industry sources, Excellence Optoelectronics, a manufacturer of LED automotive lighting modules, has increased its shipments to Tesla, while the weak sales of new cars in China have led to a decline in Laster Tech's shipments to the Chinese market.

According to the source, Lianjia Optoelectronics is a supplier of Tesla Model 3 LED automotive taillights and brake light modules. As the weekly shipment of Tesla Model 3 has increased from about 5,000 to 8,000 units, it is expected to increase to 10,000 units in the second half of 2019, and the shipment of Lianjia Optoelectronics will increase accordingly. At present, the shipments to Tesla account for about 5% of the total revenue of Lianjia Optoelectronics, while the shipments to the supply chain of American and Chinese automobile manufacturers account for about 50-60% and 10% respectively.

It is reported that since the delivery of the order has been scheduled for 2021, Lianjia Optoelectronics has added four new production lines to its Taiwanese factory and four more in mainland China at the end of 2018. A new plant is being built in Michigan, USA, and is scheduled to be completed by the end of 2019.

In 2018, the combined revenue of Lianjia Optoelectronics reached NT$3.388 billion (US$110 million), gross profit was 19.92%, net operating profit was NT$171.2 million, net income was NT$148.4 million, net profit per share was NT$0.91. In addition, in 2018, Lianjia Optoelectronics also issued a cash dividend of NT$0.55 per share.

In February 2019, the combined income reached NT$335 million, up 6.93% annually, 10% year-on-year. In January-February, the combined income reached NT$639.5 billion, up 21.22% year-on-year.

According to sources, Laster is mainly focused on the Chinese market, with automobile manufacturers Great Wall Automobile and Automotive Lamp Manufacturer Huayu Visual Technology (Shanghai) Co., Ltd., Damao Weiruike Automotive Lamp Co., Ltd. and Guangzhou Xiaoji Automotive Lamp Co., Ltd. as its main customers. In February 2019, Laster's combined income was NT$339.5 million, an increase of 4.8% annually and 4.52% year-on-year. From January to February, the combined income was NT$663.4 million, down 18.03% year-on-year.