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Having a backer can make a difference LED factory Rongchuang goes on the market with a “gold spoon”

Rongchuang Energy, backed by Hon Hai and Nichia Chemical, was listed today (9th) at 72 yuan (NT$, the same below). After opening at 90 yuan in early trading, it has been rising all the way, reaching a maximum of 92.8 yuan, a surge of 20.8 yuan, or 28.89%. It has successfully launched the honeymoon market. Chairman Zhuang Hongren said that as the demand for backlights continues to expand, he is quite optimistic about the performance of the second half of the year and is confident that it will be better than the first half.
Rongchuang's consolidated revenue last year was 6.6 billion yuan, an annual increase of 25.89%, with a gross profit margin of 19.3%, net profit after tax of 687 million yuan, and earnings per share of 5.29 yuan. In the first quarter of this year, revenue reached 1.675 billion yuan, with earnings per share of 1.09 yuan, a record high for a single quarter.
With the technical and export support of major shareholders such as Hon Hai and Nichia, and the alliance with major international brands, Rongchuang can work together to develop forward-looking products and provide complete solutions. The current main sales model is to obtain upstream grain raw materials from the major shareholder Nichia Chemical, accounting for nearly 70%, and then ship to shareholder customers Innolux and South Korea's Samsung. This year, 1.2-watt 7020 LED chips have been introduced into large-size models, significantly improving the luminous efficiency of backlight modules and reducing costs.
Zhuang Hongren emphasized that in order to cooperate with the parent company's policies, the company is also making every effort to sprint into the automotive market, while expanding the company's product line and attacking mainland brand factories. As the demand for backlights continues to expand, it is quite optimistic about the performance of the second half of the year and is confident that it will be better than the first half of the year.
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