Hongxin Electronics: BOE And Shenzhen Tianma Are Long-term Customers

- Aug 06, 2018-

On August 3, Hongxin Electronics responded to investors' questions on the interactive platform, saying that BOE and Shenzhen Tianma are major customers who have long-term cooperation with the company.


Hongxin Electronics specializes in the development, design, manufacture and sale of flexible printed circuit boards (FPC), a key high-tech enterprise in the National Torch Program. In addition to the demand in the mobile phone and tablet fields, Hongxin Electronics is closely following the market demand, focusing on the development of automotive FPC products, while strengthening technical reserves in the 5G, Internet of Things, wearable devices, medical and other fields.

 

According to Hongxin Electronics' 2018 first-half results announcement, the company expects net profit attributable to shareholders of listed companies from January to June 2018 to be 400.594 million to 44.726 million, a year-on-year change of 3.00% to 15.00%.

 

Hongxin Electronics said that the company's second-quarter operating income increased by 124% quarter-on-quarter, and its net profit increased significantly. The main reason is that the company's investment in the “volume-to-roll” automatic production line has entered a stable operation period after running-in, and the production efficiency and product yield have remained stable at a high level. The company's management level has been further optimized and the process cost has continued to decline. Therefore, the operating benefits began to appear. The development strategy of “transformation from manufacturing-oriented enterprises to R&D-oriented enterprises” has been smoothly promoted by the company. The advantages of intelligent manufacturing system, industrial Internet system, “volume-to-roll” production line and product technology are formed by a large number of R&D investment. Accelerate the appearance. At the same time, as the smart phone industry is further concentrated in the dominant enterprises, the market share of the dominant enterprises continues to expand, and the company's important flexible circuit board suppliers as “head customers” will also benefit, and the shipments will increase substantially. The quarterly operating results achieved the best level in history, and various operating indicators increased significantly.