Hongkai’s new Nantong LED factory will be put into mass production in the fourth quarter of this year

LED factory Hongkai held a press conference on the 25th. General manager and spokesperson Zeng Zhihong said that the new generation EVO smart LED car lights developed by the company have been certified by many international Tier 1 manufacturers, and the gaming market application has grown by more than 50% in the first quarter, with strong growth momentum. The new Nantong factory will be mass-produced in the fourth quarter of this year, and plans to continue to expand production capacity.

Zeng Zhihong said that Hongkai EVO series smart LEDs create more than 3 times the brightness in a smaller size, increasing from about 2000mcd of traditional LEDs to 7000mcd, thereby meeting the penetration requirements under wooden trim panels in smart cockpits. At the same time, this product simplifies automobile circuit design, reduces interference, and provides a wider brightness adjustment range, and has achieved a technological leadership in the market.

Zeng Zhihong mentioned that Hongkai's RGB and Smart LED products in the gaming machine light source application market grew significantly by more than 50% in the first quarter of this year compared to the same period last year, and are expected to have outstanding performance in this year's revenue. This is mainly due to the technological leadership that has increased customer acceptance, and the products have successfully penetrated into more transaction-related applications.

Zeng Zhihong further pointed out that Hongkai is actively exploring non-mainland Chinese markets. Many Korean and European car manufacturers have certified products, and the Indian market is also a key development target. In the field of sensing components, the OTS optical tracking sensor developed by Hongkai is used in smart wearable devices. It has been shipped in small quantities, gradually bringing new revenue sources to the company.

Regarding the construction of the new factory in Nantong, Zeng Zhihong said that Hongkai is accelerating the construction and has currently invested half of the 60% convertible bond funds. The rest will be injected in the second quarter. The factory equipment will be commissioned in April and a small amount of trial production will be carried out from May to June. It is expected to be officially mass-produced in the fourth quarter. The monthly production capacity in the first phase can reach 200 million units, twice that of the Shenzhen factory. Future plans can expand to four times the current level.

Zeng Zhihong mentioned that the new Nantong plant will give priority to the production of sensing components and high-end EVO series ICLED automotive products, while the Shenzhen plant will focus on the production of basic products.

Regarding Hongkai’s joining the Silicon Photonics Alliance at the end of last year, Zeng Zhihong said that Hongkai will integrate its miniaturized LED technology and laser expertise to expand its technical advantages in the field of optoelectronic integration, and on April 11 Participate in the official founding meeting of the alliance.

Hongkai's product revenue accounted for 55.2%, intelligent sensing accounted for 55.2%, automotive light sources accounted for 42.4%, new displays accounted for 2%, and the rest accounted for 0.4%.