Guangding (6226) received an order for LED streetlights released by the Lianyungang Municipal Government of Jiangsu Province, with a standard amount of RMB 30 million, of which RMB 15 million (about NT$72 million) is expected to be completed in the fourth quarter. Ma Dingpeng, chairman of Guangding, said that Lianyungang City has newly installed and replaced 40,000 old street lamps every year. The potential business opportunities are not small. Guangding has set a target of 300 million Taiwan dollars for LED lighting business next year. The following is an exclusive interview with Ma Jingpeng:
Q: How do you look at the prospects of Guangding in the second half of the year?
A: In the first quarter, due to the financial turmoil, orders fell sharply. The first quarter revenue fell 43% compared with the same period of last year, resulting in a loss of 23.85 million yuan in the first quarter. Since the second quarter, Guangding has gradually recovered. July revenue has rebounded to 80% last year, and the situation has improved compared to the beginning of the year. However, the second quarter's operating performance will be further explained after the financial report is released.
In April of this year, Guangding received orders for Lianyungang lighting project and LED street lamps, set up 600 street lamps on the local people's road, and installed LED street lights in front of Guannan County Government. It is expected to receive RMB 30 million by the end of this year. Engineering orders of 140 million Taiwan dollars)
RMB 15 million is expected to be completed in the fourth quarter, and the actual amount recorded depends on the progress of acceptance. However, overall, the fourth quarter will benefit from the LED lighting business fermentation, which is expected to have better performance.
Q: What is the size of the local LED street light market and the opportunity of Guangding in the mainland LED street light market?
A: There are 5 million people in Lianyungang City. The local LED lighting business opportunities include lighting projects and LED street lights. Lighting project refers to the installation of LED-assisted lighting on buildings to beautify the urban landscape. Lianyungang is very active in lighting projects. In terms of street lamps, Lianyungang's new installations and replacement of old street lamps have reached a scale of 40,000 baht per year, and the chance of changing into LED street lamps is very high, which is a great opportunity for Guangding. In fact, the characteristics of the mainland are to pay attention to the S?, the time of Guangding's layout in the mainland is very early, which is very beneficial. And as early as 2000, Guangding entered the high-power LED package, but because the pace is too early, the market is not mature enough, and it has suffered a lot. Until this year, LED lighting has dawned, and the layout of high-power LEDs is also To be effective.
Q: Please tell us about the lighting industry's growth in the future of Guangding, and the medium and long-term layout?
A: The mainland LED street lamp has a large market, and it is estimated that LED lighting will bring in an order of 300 million Taiwan dollars for Guangding next year. Guangding will look for related partners to establish a joint venture company, including thermal module factory, power supply supplier, etc., focusing on LED lighting, the initial planning of Guangding's shareholding is over 50%.
Q: LED TV and LED NB backlight are the main growth drivers for the LED industry today and tomorrow, but there is not much light in the backlight.
A: The development of LED backlights has to fight for economic scale. It is difficult for Guangding to be a second-line LED factory to fight with its peers, but Guangding is not absent in the backlight field. Basically, LED components are the basics of Guangding, and will maintain a stable scale. The lighting industry will play the role of a cannon and will be the main source of growth for the future.
Q: How do you look at the prospects of Guangding in the second half of the year?
A: In the first quarter, due to the financial turmoil, orders fell sharply. The first quarter revenue fell 43% compared with the same period of last year, resulting in a loss of 23.85 million yuan in the first quarter. Since the second quarter, Guangding has gradually recovered. July revenue has rebounded to 80% last year, and the situation has improved compared to the beginning of the year. However, the second quarter's operating performance will be further explained after the financial report is released.
In April of this year, Guangding received orders for Lianyungang lighting project and LED street lamps, set up 600 street lamps on the local people's road, and installed LED street lights in front of Guannan County Government. It is expected to receive RMB 30 million by the end of this year. Engineering orders of 140 million Taiwan dollars)
RMB 15 million is expected to be completed in the fourth quarter, and the actual amount recorded depends on the progress of acceptance. However, overall, the fourth quarter will benefit from the LED lighting business fermentation, which is expected to have better performance.
Q: What is the size of the local LED street light market and the opportunity of Guangding in the mainland LED street light market?
A: There are 5 million people in Lianyungang City. The local LED lighting business opportunities include lighting projects and LED street lights. Lighting project refers to the installation of LED-assisted lighting on buildings to beautify the urban landscape. Lianyungang is very active in lighting projects. In terms of street lamps, Lianyungang's new installations and replacement of old street lamps have reached a scale of 40,000 baht per year, and the chance of changing into LED street lamps is very high, which is a great opportunity for Guangding. In fact, the characteristics of the mainland are to pay attention to the S?, the time of Guangding's layout in the mainland is very early, which is very beneficial. And as early as 2000, Guangding entered the high-power LED package, but because the pace is too early, the market is not mature enough, and it has suffered a lot. Until this year, LED lighting has dawned, and the layout of high-power LEDs is also To be effective.
Q: Please tell us about the lighting industry's growth in the future of Guangding, and the medium and long-term layout?
A: The mainland LED street lamp has a large market, and it is estimated that LED lighting will bring in an order of 300 million Taiwan dollars for Guangding next year. Guangding will look for related partners to establish a joint venture company, including thermal module factory, power supply supplier, etc., focusing on LED lighting, the initial planning of Guangding's shareholding is over 50%.
Q: LED TV and LED NB backlight are the main growth drivers for the LED industry today and tomorrow, but there is not much light in the backlight.
A: The development of LED backlights has to fight for economic scale. It is difficult for Guangding to be a second-line LED factory to fight with its peers, but Guangding is not absent in the backlight field. Basically, LED components are the basics of Guangding, and will maintain a stable scale. The lighting industry will play the role of a cannon and will be the main source of growth for the future.
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