d losses into profits in March last year, with annual revenue exceeding 900 million yuan (NTD, the same below) and making a profit. In the first quarter of this year, there was no profit performance due to inventory adjustments, but revenue continued to grow compared to last year. , the whole year is expected to stand above 1 billion yuan, coupled with asset activation, profit growth can be expected.
Liu Shouxiong said that after the successful transformation in the past two years, it is necessary to recruit talents and promote the application of lighting and clean technology based on semiconductor components. Huaneng Optoelectronics, a subsidiary holding 95.80% of the shares, also plans to go public within three years.
The competition in the LED industry is fierce. Huaxing is an established LED packaging factory, with nearly half of the revenue from components and modules, 10% from foundry, and 20% from lighting fixtures and engineering.
Huaxing started to develop UVC LED epidemic prevention under the BioLED brand last year, and the results were better than expected. Originally, the new business and agency business targeted 5% of revenue last year, and this year’s multiple reached 10%. Under the long-term strategy of marketing, in addition to the UVC air purification equipment for business use, it has recently cooperated with the double DIKE brand to launch the BioLED co-branded ultraviolet UVC air purifier to expand the home market.
Huaxing has been investing in LED for more than 40 years. After the ups and downs of the industry, the market has set off a big wave of carbon reduction in recent years. Enterprises take energy saving, energy creation and energy storage more seriously, and finally look forward to the opportunity to turn around. The spokesperson said that replacing high-efficiency LED energy-saving lamps can help companies ESG; Huaxing has been supplying Coca-Cola freezers for a long time, reducing energy consumption under constant illumination, which is in line with the market trend of carbon reduction and the carbon reduction requirements of major international manufacturers for supply keys .