Huaxing's April revenue is expected to grow by 50% throughout the year.
Taiwan's Huaxing Electronics (6164) consolidated net revenue of NT$166 million in April 2011, up 31% month-on-month. Net profit before tax increased to 12 million yuan in a single month. The accumulated net revenue for the first four months of 2011 was 527 million yuan.
In recent years, Huaxing has been effective in low-temperature lighting. The LED low-temperature light strip business is still holding orders from major global customers such as Coca-Cola, Pepsi, and North America. In addition, this year's products will be shipped to Southeast Asia, China and Eastern Europe.
Huaxing will vigorously develop lighting products from this year. In the future, orders for related lighting products will be placed in its subsidiary Huaneng. The company's component cost has achieved considerable advantages, and the production capacity has been completed. It is estimated that Huaneng's 2011 revenue will be about 1 billion yuan. The proportion of Huaxing's overall revenue is about 35%.
Huaxing plans to cooperate with Taiwan's lighting manufacturers to seek new orders. The company will lock in some lighting products and will not enter LED street lights and table lamps with lower gross profit margins.
The market estimates that Huaxing's 2011 revenue is expected to grow by 50% to NT$2.7 billion. Based on a gross margin of 30%, EPS will challenge $2.
In recent years, Huaxing has been effective in low-temperature lighting. The LED low-temperature light strip business is still holding orders from major global customers such as Coca-Cola, Pepsi, and North America. In addition, this year's products will be shipped to Southeast Asia, China and Eastern Europe.
Huaxing will vigorously develop lighting products from this year. In the future, orders for related lighting products will be placed in its subsidiary Huaneng. The company's component cost has achieved considerable advantages, and the production capacity has been completed. It is estimated that Huaneng's 2011 revenue will be about 1 billion yuan. The proportion of Huaxing's overall revenue is about 35%.
Huaxing plans to cooperate with Taiwan's lighting manufacturers to seek new orders. The company will lock in some lighting products and will not enter LED street lights and table lamps with lower gross profit margins.
The market estimates that Huaxing's 2011 revenue is expected to grow by 50% to NT$2.7 billion. Based on a gross margin of 30%, EPS will challenge $2.
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