LED big manufacturer Fucai was affected by variables such as lockdowns in mainland China and inflation, weak demand for consumer electronic products in the second quarter of this year. Backlight and quadruple products cooled down simultaneously, performing lower than expected. The company is expected to hold a legal person briefing on August 5, and will put forward opinions on the outlook for the second half of the year.
Although the trend of MiniLED application and the development of Micro LED technology continue to move forward, the buying situation in the consumer electronics market is unclear under the influence of inflation problems. It seems that some application products such as backlighting are still under great pressure in the third quarter.
Based on long-term operational considerations, Fucai proposed a capital expenditure budget of 8 billion yuan (NTD, the same below) this year, which will mainly expand MiniLED and high-end red light LED production capacity, and start the construction of Micro LED production lines early, as well as investing in Jingcheng Semiconductor to strengthen the third-generation semiconductor layout production capacity and technical layout.

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In terms of Micro LED, in addition to investing in Qinchuang, Fucai also has the technical strength to develop and mass-produce Micro LEDs. It is expected that by 2024, it will use the existing Taiwan factory production capacity to produce Micro LEDs, and after 2025, a new Micro LED factory will join the operation.
is affected by many factors such as lockdown in mainland China, changes in consumption after the epidemic, inflation, cooling demand for consumer electronics, weakening demand for blue light LEDs, etc. Fucai's revenue in the second quarter of this year fell to 7.78 billion yuan, a quarterly decrease of 8.96%, and an annual decrease of 16.92%. The revenue in the first half of the year was 16.3 billion yuan, and the annual growth rate converged to 0.5%. (Source: MoneyDJ)
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