Hongqi Q2 revenue is expected to grow by 50%, and will challenge NT$5 billion

Recently, Hongqi has received orders from a number of large Japanese customers. 4 began mass production and shipment, and is expected to indirectly enter the Apple supply chain, which will greatly increase the capacity utilization rate of the new plant. In the second quarter, the revenue growth rate rose by 50%. In cooperation with the TV manufacturer TCL, Hongqi's 2012 revenue will challenge NT$5 billion, an increase of 60%.

It is reported that Hongqi has two major growth kinetics in the second quarter. First, orders from major Japanese customers will start to be shipped in large quantities in April, which will enable the production capacity of Hongqi's new plant to increase rapidly. The second is the cooperation opportunity with TCL. Hongqi defeated the packaging factories in Korea and Taiwan with the strength of automation and became the partner of TCL joint venture. The two parties jointly established TCL Hongqi, and TCL Hongqi will supply the LEDs required by TCL Group. It was supplied by Taiwan's Hongqi, which drove Hongqi's revenue to rise month by month. At present, Hongqi's main customers are OSRAM and Seoul Semiconductor, accounting for more than 20% of revenue.

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