Advanced Facilities Efficient ProductionLiqing Technology has successfully obtained the certification of the brand car factory. Its customers include world-renowned first-tier suppliers of LED automotive lights, including Huayu Vision Technology, Koito Automotive Lights, Sanli Automotive Lights, Hella Automotive Lights, etc. Under the high recognition of customers, Liqing’s The order volume has also continued to increase, and staff are currently being actively recruited. As the shipment volume has increased, it has become an important driving force for revenue and profit in the second half of the year.
Li Qing said that the global shortage of automotive chips has slowed the growth of the entire automotive industry chain. However, thanks to the stabilization of the epidemic in mainland China and the government's vigorous promotion of preferential policies to stimulate car purchases, the sales of new cars in mainland China have clearly bottomed out. Major customers are strong in sourcing. In particular, Volkswagen Lavida, Honda Civic and other cars have shown good sales in the Chinese mainland market, and the shipment of Liqing LED taillight modules is booming.
The average capacity utilization rate of the two production bases of Liqing Shanghai and Dongguan still maintained a level of nearly 85%. Therefore, the revenue in May increased by 26.58% compared with the same period last year, and the historical single-month revenue record for the same period was changed. In the first five months Cumulative revenue increased by 75.57% annually.