As the shipment of low-temperature lighting increased significantly in October compared with September, Huaxing's consolidated revenue in October reached 136 million yuan (NTD, the same below), up 10.53% from the previous month. However, the company pointed out that it is still not the peak season for the company's main products (low temperature lighting), so the revenue performance is still low, it is estimated that it will not increase significantly until January next year.
Huaxing said that the company's products are divided into two categories: traditional package components and LED Assembly: traditional package components include LAMP, SMD, Display; LED Assembly includes low temperature lighting, indoor lighting, backlight and so on. The two major categories currently account for 44% and 56% of revenue. Among them, low-temperature lighting is the company's most important product, accounting for 40% of the revenue. The company's top three customers also come from low-temperature lighting, such as Ingersoll Rand (IR), Coca-Cola, Pepsi and other American companies.
Low-temperature lighting is mostly used in refrigerated containers, beverage freezers, vending machines, etc. For customers, their shipments are mostly in summer, so Huaxing is the upstream low-temperature lighting supplier, and the shipping schedule is started ahead of winter. It is estimated that it will not be seen until January next year that the revenue of low-temperature lighting will increase significantly.
In the third quarter of this year, Huaxing lost the stagnation effect of the low-temperature lighting season. The combined revenue for the quarter was only 398 million yuan, down 15.17% from the previous quarter. However, due to the second quarter, it recognized the asset impairment of about 24.5 million yuan, making the third The quarter EPS 0.14 yuan is higher than the EPS 0.03 yuan in the second season. Huaxing said that from the third quarter to the current order status, the monthly performance is very stable, so it is estimated that the fourth quarter revenue will be the same as the third quarter.
Huaxing said that the company's products are divided into two categories: traditional package components and LED Assembly: traditional package components include LAMP, SMD, Display; LED Assembly includes low temperature lighting, indoor lighting, backlight and so on. The two major categories currently account for 44% and 56% of revenue. Among them, low-temperature lighting is the company's most important product, accounting for 40% of the revenue. The company's top three customers also come from low-temperature lighting, such as Ingersoll Rand (IR), Coca-Cola, Pepsi and other American companies.
Low-temperature lighting is mostly used in refrigerated containers, beverage freezers, vending machines, etc. For customers, their shipments are mostly in summer, so Huaxing is the upstream low-temperature lighting supplier, and the shipping schedule is started ahead of winter. It is estimated that it will not be seen until January next year that the revenue of low-temperature lighting will increase significantly.
In the third quarter of this year, Huaxing lost the stagnation effect of the low-temperature lighting season. The combined revenue for the quarter was only 398 million yuan, down 15.17% from the previous quarter. However, due to the second quarter, it recognized the asset impairment of about 24.5 million yuan, making the third The quarter EPS 0.14 yuan is higher than the EPS 0.03 yuan in the second season. Huaxing said that from the third quarter to the current order status, the monthly performance is very stable, so it is estimated that the fourth quarter revenue will be the same as the third quarter.
Wooden Wall Clock,Wood Wall Clock,Wooden Wall Clock Led,Natural Wood Wall Clock
Guangzhou Huanyu Clocking Technologies Co., Ltd. , https://www.findclock.com