Ruifeng Optoelectronics: LED car lights will be sold to new manufacturers in the second half of next year

Ruifeng Optoelectronics (300241.SZ) Dong Zhuangzhuang said: "In the second half of next year, LED car lights will be sold to new manufacturers. It is estimated that the total sales of LED car lights will reach more than 20 million next year."

He also said: "There are some LED car lights sold this year, mainly for Hyundai and Ford. The sales of LED car lamps are estimated to reach 10 million this year. Some new car manufacturers will be cut into next year."

"The gross profit margin of LED car lights can now reach more than 60%. Because there are fewer manufacturers of LED lights in China, the gross profit margin is very high," he added.

On the interactive platform of Shenzhen Group's listed company investment relationship online, Zhuang Jili once said that automotive electronics products will be the key development areas of the company in the next three to five years. Due to the long certification period of automobile customers, the company has been in recent years. The sales growth of automotive electronics products is slow.

Zhuang Jierli said, "After LED street lights, commercial LED lights, and civilian LED lights, LED car lights will become another booming segment of the LED industry."

In 2013, the company's semi-annual report showed that the operating income was 294 million yuan, a year-on-year increase of 67.01%; the net profit was 2,618.21 yuan, an increase of 31.61%; the net cash flow from operating activities was 33.415 million yuan, a year-on-year decrease of 26.52%.

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