Hongqi benefited from the large shipments of LED TV. In August, its revenue surged. In August, its revenue reached 391 million yuan, up 11.71% from July. Compared with the same month last year, it increased by 49.19%, setting a new monthly high. The accumulated revenue for the first eight months was 2.521 billion yuan, a year-on-year increase of 53.96%.
Hongqi cooperated with Seoul Semiconductor to enter the Korean LED TV supply chain and began mass shipments in the third quarter. As LED TV shipments began to expand from the third quarter, Hongqi’s view on the second half of the year was also Optimistic, Hongqi's revenue in July reached 350 million yuan, and August revenue climbed to 391 million yuan, a record high in a single month. According to current orders, the third quarter revenue performance is expected to be better than the second quarter. .
In the first half of the year, Hongqi's consolidated revenue was 1.775 billion yuan, operating gross profit was 434 million yuan, average gross profit margin was 24.45%, pre-tax surplus was 285 million yuan, post-tax surplus was 214 million yuan, and earnings per share was 1.13 yuan. In the second half of the year, LED TVs began to ship in large quantities. The legal person estimates that Hongqi's third-quarter revenue is expected to grow by 10% compared with the second quarter. Profits are expected to grow at a high level, setting a new record for the single season.
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