Jufei Optoelectronics: Mini LED business is booming in production and sales. Wuhu is expanding the Mini LED production line

Search

Copy

It is reported that the company's performance will decline in 2022. The company stated that due to the impact of the economic environment in the post-epidemic era, the consumer electronics market has been greatly affected, and the comprehensive gross profit margin has declined. However, the company has adjusted its business strategy in a timely manner to maintain the stable development of its core business, and the rapid growth of new businesses such as automotive LED and MiniLED has provided guarantee for the company's operating performance.

The company's Mini LED products are mainly used in application terminals such as TVs, e-sports, notebook computers, displays, and automotive electronics. The company's Mini LED business is making good progress, with both production and sales booming, and shipments increasing month by month. There are currently a lot of funds and many companies entering this field, and the early competition is fierce. From the terminal point of view, well-known domestic and foreign companies continue to launch new MiniLed products, increasing the popularity of MiniLed products, and consumers are increasingly recognizing MiniLed products. The company's advantages are that, first of all, MiniLed customers are highly overlapping with customers of traditional products; secondly, the company has always focused on technological innovation while taking into account the stability of product performance. The company has sufficient funds of its own and is expected to gain a higher market share during the period of rapid growth of MiniLed products. In addition, the company has steadily expanded production in response to customer demand. The second phase of the production base of the Huizhou subsidiary is also making new production capacity planning. In order to meet the needs of customers in East China, Wuhu is also currently expanding its Mini LED production line.

The company's automotive backlight products have fully entered the supply chain system of global customers, and it is currently the only mainland brand. Most of its competitors are overseas brands; automotive lighting products are also constantly being introduced. Under the trend of intelligent and electrified cars, consumers are increasingly pursuing the technological sense and beauty of cars, and are less sensitive to car prices. Therefore, the proportion of automotive electronics in vehicle manufacturing costs continues to increase. Overall, the competitive landscape for automotive products is better than that for consumer electronics. The company's automotive business has experienced strong growth in recent years. In terms of technology, automotive backlight products are more technically difficult than consumer electronics. The company's automotive backlight products have stable performance, high added value and good profitability. In addition, the company stated that the market side of the company's traditional consumer electronics products is under greater pressure. From the current point of view, the market conditions in the second half of the year are significantly better than the first half of the year.

The company stated that its current cash flow is healthy and there is no financial burden. In 2022, the company's profit growth will mainly come from the rapid development of new businesses and the expansion of overseas markets of traditional businesses. New businesses include Mini LED products, automotive LED products, invisible light, etc.