Benefiting from the surge in demand for LED lighting, the operational growth engine of LED secondary optical lens factory Redik has been launched. After revenue hit a new high in March, orders increased significantly in the second quarter, and the annual operating growth rate is estimated to be 30% to 40%.
The director of Redick said that its total molds currently exceed 2,500 sets, and the proportion of customized orders reaches 65% to 70%. It is understood that when there are more customized orders, the visibility of orders will be higher, the outlook for the second quarter is optimistic, revenue is expected to hit new highs month by month, and the overall operation will show a growth trend quarter by quarter.
Redick’s global market share in LED lighting lens lenses has reached 35%, with strong growth momentum in the future. The legal person estimates that due to the surge in demand for LED lighting this year, Redick's revenue and profits are expected to grow significantly, and its full-year performance is expected to grow by 30% to 40%.
The legal person pointed out that LED lighting will enter a period of rapid growth. In addition, Redick's machine investment has established a high entry threshold, and the market share is expected to continue to increase in the future.
Redick was founded in 2008. It is mainly engaged in the research and development, manufacturing and sales of secondary optical lenses. The terminal applications can be used in street lighting, stage lighting, architectural lighting, landscape lighting, commercial lighting, etc. The application range is quite wide. Redick’s consolidated revenue in March reached 119 million yuan (NT$, the same below), a significant increase of 62.38% from February. The cumulative first quarter revenue was 288 million yuan, an annual increase of 25.72%.
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