LED integrated manufacturer Fucai was affected by the lockdown in mainland China in the second quarter of this year. Its single-quarter revenue performance may be mediocre, and its gross profit margin and profit may also be affected by capacity utilization and depreciation.
expects the market to recover in the second half of the year, driven by the increased contribution of MiniLED and the support of applications such as sensing and plant lighting. Fu Cai said that Mini LED has two major applications in backlight and display. There are new projects in progress this year. However, due to factors such as the Russia-Ukraine war, the blockade in mainland China, and the decline in terminal consumption, some cases have been slightly delayed. High The market is relatively stable.
Image source: Paixin.com official photo gallery
Together with the new production capacity of the factory in mainland China, Fucai's current annual production capacity of MiniLED epitaxy has reached 1.5 million pieces (approximately equivalent to 4-inch pieces). It is expected that there will be new customers from American automakers in the second half of this year. The product will be delivered in mass production and will be mainly used in the backlight of center consoles and dashboard displays.
Affected by the blockade in mainland China since the second quarter of this year, Fucai's revenue in April remained at 2.953 billion yuan (NT$, the same below), roughly the same as last month, with an annual increase of approximately 1.4%. The cumulative revenue in the first four months is 11.499 billion yuan, an annual increase of approximately 17.4%. It is estimated that there may be revisions in May and recovery in June. The overall second quarter is expected to be flat. (Source: MoneyDJ)
Please mark the source when reprinting! For more information about LED, please pay attention to the official website or search the WeChat public account (LEDinside).
