Advanced Facilities Efficient ProductionOn March 10, Xingyu Co., Ltd., a car lighting company, released an announcement on the main operating data from January to February 2022. The company's revenue and net profit both increased compared with the same period in 2021.
The announcement stated that according to the statistics of the Passenger Federation, from January to February this year, the production and sales of passenger vehicles in the narrow sense showed a positive year-on-year growth trend. The company's shareholders' net profit increased by about 5% year-on-year. The company's operations were normal and all work was carried out in an orderly manner.
It is understood that Xingyu Co., Ltd. is an auto parts enterprise mainly engaged in the research and development, production and sales of automotive lamps and related products. It is one of the main domestic manufacturers of automotive lamp assemblies and design solutions. The company's products include headlights, fog lights, ambient lights and other automotive lighting products. At present, Xingyu Co., Ltd. products have been imported into FAW-Volkswagen, BMW and other well-known domestic and foreign car manufacturers.
In terms of performance, in the first three quarters of 2021, Xingyu Co., Ltd. achieved operating income of 5.658 billion yuan and net profit attributable to the parent of 739 million yuan, up 19.16% and 4.46% year-on-year respectively. Due to being in the upper reaches of the automotive industry, Xingyu's performance in the third quarter was affected by negative factors such as the shortage of chips in the automotive market and rising raw material prices. The single-quarter revenue was 1.707 billion yuan, down 8.71% year-on-year.
In terms of projects, the mold factory and electronic factory of the intelligent manufacturing industrial park, which raised 1.5 billion yuan, will start construction in September and November 2021, respectively.
It is understood that after the mold factory is completed, it will have an annual production capacity of 360 sets of various molds such as headlight masks, rear light masks, monochrome/multi-color trim rings, and an annual production capacity of ordinary headlight welding, through-lamp hot plate welding, coating The production capacity of 12,000 pairs of various tooling such as assembling and pressing, ordinary tire tools, and standard equipment.
After the electronic factory is completed, it will have an annual production capacity of 40.8 million vehicle light sources and other electronic modules.
Xingyu Co., Ltd.'s plant in Serbia has completed the basic construction of the plant in June 2021, and the plant is currently in the state of equipment commissioning. It is reported that the total investment of the project is 60 million euros (equivalent to RMB 468 million).
Today, the automotive industry is developing towards electrification, networking, intelligence, and sharing. In order to adapt to the development trend of automobiles, Xingyu Co., Ltd. is also investing in the digitalization and intelligence of automotive lights.
At present, Xingyu Co., Ltd. has successfully developed two types of pixel-type headlights. One is an imaging intelligent headlight using Micro LED as the light source. Xingyu Co., Ltd. said that the headlight has a simpler structure and higher height. optical efficiency. The other is an imaging smart headlight that uses DMD as the core optical device.
In addition, in October 2021, Xingyu Co., Ltd. and Arcsoft Technology, a computer vision and artificial intelligence company, reached a cooperation to cooperate on the application of artificial intelligence technology and high-performance intelligent vision products in the automotive field.
In February of this year, Xingyu Co., Ltd. and Huawei reached a cooperation in the smart car light business, which covers other businesses in the field of smart car lights and smart car lights. It is understood that Huawei has more than 20 years of technology accumulation in the optical field, and with the help of the technical accumulation in the optical field, it has created smart car lights, AR-HUD and other automotive light products.
In this cooperation, Xingyu Co., Ltd. will combine Huawei's core technology and software algorithms in optical products, platform-based and modular intelligent modules and controller capabilities to build system-level capabilities from design to manufacturing and delivery of intelligent vehicle lights. On this basis, we will cooperate with Huawei on more automotive optical products.