As Zhuliu large-size LED backlight manufacturers begin to gradually extend their layout focus to the field of small and medium-sized backlights, the market has previously worried that Jufei Optoelectronics' market share of small and medium-sized LED backlights will be challenged and its gross profit margin will decline.
This year, the gross profit margin of Hongli’s LED packaging products has been relatively stable, without significant fluctuations. In the future, the price of LED packaging products will be mainly affected by factors such as LED technological progress, industrial scale expansion, and market competition.
In addition, regarding the company's LED automotive lighting business, Hongli Optoelectronics said that the company's Foda Signal subsidiary is mainly responsible for the LED automotive lighting business. It is currently mainly exploring foreign aftermarket markets. This year, it will increase efforts to develop domestic and foreign markets and expand foreign market share. At the same time, it will also actively explore the domestic vehicle supporting market. Strengthen OEM/ODM cooperation with major international manufacturers and expand the scale of LED automotive lighting business.
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