LED packaging module manufacturer Huaxing's revenue in November was 89.36 million yuan (NTD, the same below), the highest in the past October, with an annual increase of 41.58% and a monthly increase of 37.45%; the revenue in the first 11 months of this year was 870 million yuan, an annual increase of 27.24%. This year's revenue is expected to increase by more than 25% year-on-year, and the operation is certain to convert profits.
benefited from the transformation benefits and low-temperature lighting shipments entering the peak season in the second half of the year. Huaxing's revenue in November rebounded significantly compared with October, and the overall fourth quarter maintained the peak season level of the third quarter; the company's gross profit margin in the first three quarters remained above 25%, and its operating profit was about 5 million yuan, and its industry successfully turned losses into profits in the first three quarters. The net profit attributable to the parent company is approximately RMB 16 million and the earnings per share is RMB 0.16. It is expected to continue to make profits in the fourth quarter and is confirmed to be profitable this year.
Image source: Paixin.com genuine photo gallery
Looking ahead to next year, the company will continue to expand the extended application fields such as smart lighting, plant lighting, vehicle lighting, health lighting, UVC LED, etc., and aim to maintain the growth rate this year next year.
Among them, the low-temperature lighting industry will introduce new products with 20W specifications in 2022, and will expand high-value-added product projects and strengthen the expansion of emerging markets. It is estimated that the revenue challenge of the low-temperature lighting industry will challenge 50% growth in 2022.
Huaxing specially established a UV dedicated public institution in 2021, focusing on BioLED brands. In addition to distributing Philips UVC ultraviolet equipment, it has also launched various types of own products, with a targeted share of revenue next year from only 1.5% this year to 10~15%.
By the third quarter, LED components accounted for about 58% of Huaxing's revenue, commercial lighting products accounted for about 18%, low-temperature lighting products accounted for about 15%, and other UV products accounted for about 9% of revenue. (Source: Times Information) Please mark the source when reprinting
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