LED packaging business is growing steadily, and Jiangxi Hongli is expected to be fully optimistic. The LED packaging capacity has increased from 3000 KK/month in early 17 to 5000 KK/month at the end of 17 years, driving LED packaging business revenue to increase by 53.92% to 3.114 billion, achieving operating profit of 213 million, an increase of 20.01%. Due to the short production time of Jiangxi Hongli and the low average utilization rate, Jiangxi Hongli suffered a slight loss in 2017, and the LED package was also lowered due to the lower gross profit margin of the international OEM business in the business structure. The overall gross profit margin. After one year of integration, the capacity utilization rate of Q1 has gradually increased. It is expected that the profit and loss will be realized from Q2 in 2018, and the annual profit is expected to exceed 50 million. LED automotive lighting business has formed a complete layout, and it is expected to create another profit in the future. The company's LED automotive lighting business achieved revenue of 263 million in 2017, an increase of 48.58% over the same period of last year. It signed a strategic cooperation agreement with Jingyuan Optoelectronics to ensure the supply of car-scale LED chips. The acquisition of the front-mounted lamp products of the Yishan lights 56 % equity, the company has realized the integrated layout of chip (crystal cell), car gauge packaging, LED car light intelligent module, LED car intelligent lighting, covering the overseas Tier1 manufacturers Hella, Bosch, Magna, domestic host Brand manufacturers Geely Group, Great Wall Group, BAIC Group, Dongfeng Group. At present, the penetration rate of LED exterior lights is less than 15%. As the penetration rate continues to increase, especially in the future, the penetration of LED smart headlights continues to increase. The company is expected to "recreate a Honglizhihui" in the LED automotive lighting sector in the future.
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