Ronda stock was officially approved for the fastest July listing transaction

[High-tech LED News] Taiwan LED factory Longda Electronics (3698) stock listing application on the Taiwan Stock Exchange for more than 8 months, officially approved recently, is expected to be listed before the end of July.

Longda Electronics is a subsidiary of BenQ AUO Group. Founded in 2008, it is the only company in Taiwan that produces LED epitaxial wafers, chips, packages and strips to energy-saving and intelligent lighting products in the first, middle and lower reaches. Production bases include Zhuke, Hukou and Zhunan, and will expand to Suzhou in the future. Its product range includes LCD backlights, commercial lighting sources, consumer lighting sources and various lighting fixtures.

It is reported that Ronda merged with Kaiding Technology in March 2010 to expand its products and production lines to LED packaging and lighting applications. Under the combined use of multiple benefits, the production cost was effectively reduced and the gross profit margin increased to 28.7%.

Ronda said it will continue its capacity outsourcing plan this year and cooperate with the Group's Power Alliance (3080) strategy. In the new plant planning, the Zhunan plant area currently under construction will be positioned as a lighting application plant. The production line includes SMT and lighting source assembly. It is the fourth plant of Ronda Electronics and is expected to be mass-produced this year. .

In order to meet the three major trends of QCC, Longda Electronics proposed the LSVP Strategy (Lighting Solution and Value Provider) this year, actively deploying integrated products and services in the lighting market, and simultaneously immersed in ODM/OEM brand customers in Europe, America and Japan.

Lunda said that under the development of LSVP strategy, in addition to strengthening the existing light source products such as lamps and bulbs, Ronda is actively developing integrated lamps such as flat lamps and downlights, and introducing strategic partners to bring quality products to customers. Service with higher added value to achieve a smart lighting vision.

Ronda's Q1 performance this year is not as good as expected. The net profit loss after tax is NT$74.18 million, EPS loss is 0.2 yuan, and the April performance is nearly 40%. The legal person predicts that Ronda Q2 will turn a profit.

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