Zgar International (M) SDN BHD , https://www.szvape-pen.com
Optimistic about the continued growth of LED market demand this year, the packaging factory Hong Qi pointed out that the company still has plans to expand production capacity this year, but will not buy large new machines, and will cooperate with the group members Jiuyuan to jointly improve the front-end machine process, it is estimated that this year's production capacity will Will be amplified by 10~20%.
Hong Qi and Jiu Yuan Tong are members of the group, and the chairman of the board is Wang Binglong. The company said that Jiuyuan has the ability to manufacture machine-made equipment, and Hongqi relies on its advantages to come from the main modified front-end machine process. It takes 3 months compared to other industry-developed machines, and Hongqi needs only one machine to adjust the machine. Month time, and can observe the market conditions to adjust at any time.
Hongqi's consolidated revenue in March this year reached a record high of 531 million yuan. The company pointed out that the demand for OEM orders, which accounted for about 40% of the revenue, was good. The RGB LED orders for LED displays were also very prosperous, which led to a record high revenue in March.
Looking forward to the performance in April, Hong Qi said that the current rate of production is about 7 to 80%. As the company will adjust the order of each product line according to the improvement status of the machine, according to the current production and shipment schedule, the shipment will be more obvious in the middle and late April, so the overall 4 month revenue performance cannot be determined whether it can Go beyond March.
In addition, Hong Qi said that in addition to the existing foundry business, the company will strengthen the development of various niche-type markets this year, including LED display, mobile phone Flash LED, etc. Among them, LED display mainly operates in the Chinese market, accounting for approximately The proportion of revenue is 5~10%. At present, customers are constantly chasing the list, and Flash LED is also focusing on the Chinese mobile phone market. The company's target monthly capacity is increased from 1kk to 3kk. 
GLII Comments: Gaogong LED Industry Research Institute (GLII) statistics show that in 2013, Taiwan's Hongqi Q1 achieved revenue of 182 million yuan, a year-on-year increase of 6%; in 2014, the company's Q1 achieved revenue of 241 million yuan, a year-on-year increase of 33%. The company's performance accelerated. Considering that the company has received orders from relevant Japanese customers and the car lights have started to ship, the company's new market has achieved initial results, and the later expansion and capacity utilization will also facilitate the release of performance. Can be expected.