Redditch adjusts the structure to attack intelligent lighting products

LED lighting secondary optical factory Red Dick, power attack intelligent lighting products, including automotive lighting, to provide professional-grade customers to adjust the high-end products, adjust the product structure, the first quarter gross margin of 39.74%, set the seventh quarter Since the new high, the second quarter will continue to screen high-quality customers and continue to optimize their profitability.

Leytek optical lens products account for 80% of revenue, molds and modules account for 20%, and 40% to 50% of optical lenses are used for professional outdoor lighting. Household and commercial lighting accounts for 30% to 40%, others There are stage lights and headlights.

According to Reddick, digital light control markets such as water dance and car use are one type of intelligent lighting. This part is highly customized and requires precision. It will continue to actively expand its customer base in the future.

As a result, Reddick's outlook for the second quarter is not a significant increase in revenue, but a positive improvement in profits, such as customer screening and semi-automated introduction of production lines, which is also the focus of this year's operations.

Looking back at the first quarter results of Reddike, the revenue was 302 million yuan, an increase of 1.93%, but the gross profit margin was 39.74%, which made the company's profit after tax in the first quarter of 22.93 million yuan, an annual growth of 46.33%. EPS 0.49 yuan, which is significantly better than the 0.35 yuan of EPS in the same period, is 40%, and is better than the growth rate of revenue.

Reidke reviewed the operation last year, indicating that due to factors such as the strengthening of the US dollar and the slowdown in the growth of emerging countries, the penetration rate of LED lighting products has slowed down. At the same time, the company actively cooperates with LED professional lighting customers or develops Local King. New customers to build long-term growth momentum.

This year, with the increase in the degree of customization and the increase in the penetration rate of LED lighting, Reddick indicated that order visibility has improved. In terms of new product investment, such as automotive lighting, the current stage accounts for about 3 to 5%. The demand for the next quarter will be met quarter by quarter. The forecast is expected to reach 7% to 10% at the end of this year. The follow-up is expected to expand to the projector. Heat-resistant demand-related products, and continue to invest in development with industry needs.

Reidke’s recent shareholder meeting, tonnounce an independent director Luo Chengzong, and passed the EPS of last year’s financial report of 2.6 yuan, with a cash dividend of 1.1 yuan and a stock dividend of 0.5 yuan.

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