LED car lamp module factory Liqing announced today that its earnings per share for the first quarter were 0.28 yuan, a quarterly decrease of 71% and an annual increase of 75%.

(Photo by reporter Fang Weijie)

[Reporter Fang Weijie/Taipei Report] Liqing (3346), an LED car lamp module factory, announced today that its first-quarter earnings per share (EPS) was 0.28 yuan, a quarterly decrease of 71% and an annual increase of 75%. A decrease of 7.14% and a year-on-year increase of 51.94%, setting a record high for the same period of the year. The cumulative revenue in the first four months of this year was 2.17 billion yuan, an annual increase of 11.78%, which was also a record high for the same period in history. Looking forward to the second quarter, Liqing maintains a cautiously optimistic view.

Liqing said that the overall gross profit rate in the first quarter was 13.95%, an annual increase of 1.78 percentage points, the profit margin was 2.72%, an annual increase of 2.32 percentage points, LED headlight revenue accounted for 27% of the total, an annual increase of 8 percentage points, headlight controllers 18%, an annual increase of 13 percentage points, the good order demand from customers continues to inject capacity utilization rate to a certain level.

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Liqing mentioned that in April, it benefited from the purchase of first-tier suppliers of LED lights such as Huayu Vision and Hella, as well as the expansion of the production capacity of Taoyuan Guanyin Factory and the rush of orders from customers of well-known American car manufacturers. Driven by the shipment performance of LED headlight controllers, it has maintained a double-digit annual growth rate every month.

Looking forward to the second quarter, Liqing believes that it is still necessary to observe the degree of convergence of the car purchase subsidy policies offered by various local governments in China, as well as the price cuts and promotions adopted by various brand car manufacturers. At present, major customers maintain a good demand for stocking, and Liqing also simultaneously improves the efficiency of each production base, optimizes the ability to receive orders, and continues to strive for new car models and new customers to expand the market share of LED lights.

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