LED market conditions are difficult to sustain? The new century responds to normal operations

LED market conditions are sluggish, Taiwan's LED chip factory in the third quarter of the new century after-tax net loss of 360 million yuan (NT, the same below), single-quarter net loss per share was 1.18 yuan, accumulating the first three quarters of this year's net loss per share It is 3.75 yuan. Due to the difficulty in LED price competition, the market is difficult to operate in the new century. The new century emphasizes that the company's current operations and financial status are normal. LED market conditions are sluggish, Taiwan's LED chip factory in the third quarter of the new century after-tax net loss of 360 million yuan (NT, the same below), single-quarter net loss per share was 1.18 yuan, accumulating the first three quarters of this year's net loss per share It is 3.75 yuan. Due to the difficulty in LED price competition, the market is difficult to operate in the new century. The new century emphasizes that the company's current operations and financial status are normal. In this new century, the new century pointed out that the current product and technology leading layout related to Flip Chip and CSP technology and products, has obtained a number of key technology patents in the United States, China, Japan, Taiwan and other countries, becoming a global chip Flip Chip and CSP technology, patent and capacity leader. Strategically actively differentiated, customized and high value-added applications, with Flip Chip and CSP (Chip-Scale Package) technology applied to TV backlights (high color rendering or ultra-thin), mobile phone flash The fields of automobile headlights and special lighting are in the direction of operation. Chairman of the New Century Optoelectronics Zhong Kuanren At present, the LED car headlights solution in the new century has entered the top 3 of the market in the aftermarket of the Taiwanese headlights. The original supply chain (OE market) has been introduced to the US Centennial Heavy Truck Light Factory. The certified samples are shipped in small quantities, and are currently in the process of being certified with four mainland lamp factories. It is expected that revenue will be available in the first half of next year. Due to the high current and high illumination characteristics of the mobile phone flash, it is the technical advantage of CSP. Apple has introduced the CSP process into the mobile phone flash to form a trend. It is expected to drive the follow-up of other smart phone brands. The new century CSP is applied to mobile flash, current and supply. Chain companies are cooperating to carry out Chinese brand mobile phone factory certification, and it is expected to contribute revenue in the first quarter of next year. The new century CSP is used in TV backlights. It has successfully entered the Japanese and European TV brand supply chain import design. It has started a small amount of shipments in the third quarter of this year. It is expected to start mass shipments in the first quarter of next year. Other CSP terminal applications include commercial lighting, public architectural lighting such as stadiums and special lighting such as outdoor professional flashlights, etc., the new century has an ink layout. In the new century, the traditional grain segment will gradually reduce the proportion of low-power grain killing market. Currently, it has exited the low-end lighting application market. In the third quarter of this year, the proportion of traditional grain in revenue has dropped to 50%, and it has been cut into niche applications. Market and foundry business, its gross profit margin is better than traditional blue LED applications, such as the application of green light in the wearable devices of international manufacturers, used to measure the heartbeat pulse, and the blue light applied to the interior lighting of Japanese automakers, and Blu-ray OEM orders are mainly for special lighting orders released by international LED manufacturers. The new century has long been adhering to the business philosophy of R&D and innovation. The performance specifications of LED products produced have always been the industry leader. With the continuous improvement of operating costs and the introduction of new products into the market, it plans to gradually dispose of idle plant land assets and new strategic projects. The introduction will gradually improve the financial structure. The new century will further move towards the new state-of-the-art LED company with CSP patent and niche integration application orientation.

Casting is a process manufacturing way which is the liquid metal material is poured into a mould which is with hollow cavity of desired shape. The manufacturing way mainly includes Iron Castings, Steel Castings and non-ferrous metal castings. 

Iron castings are usually from processing ways of green sand casting, furan resin sand casting, shell mold casting, and automatic molding line casting. 

We owned 6 automatic molding lines, 22 electric furnaces, 120 sets machining equipment, and equipped with shot blasting equipments, advanced inspection equipments including X-rays, spectrum, CMM etc.. 

The related industries mainly include agricultural equipment - Tractor Parts, agricultural parts; flow control industry - valve body, valve disc, valve bonnet, pump housing, pump impeller, handwheel; automotive parts - steering knuckle, connecting rod, brake disc and drum; Engine Parts - gearbox parts, exhaust manifold, intake manifold; cylinder parts; lathe parts; turbocharger parts; manhole cover and so on. 

Sand casting

Electric furnace

sand casting

shot blasting

CNC machining

X-ray

Spectrum

Iron Castings

Iron Castings,Cast Iron,Cast Iron Flange,Iron Sand Castings

Dandong Hengrui Machinery Co., Ltd. , http://www.hrcastings.com