Recently, REFOND said that the recent capacity expansion has eased its capacity bottlenecks, while in the case that backlight procurement is transferring and demand in lighting market is accelerating, the expansion will be helpful for the company to realize earnings growth in future. In the short term, it becomes more possible for REFOND to achieve great revenue growth in the second half of this year.
Bank of China International (BOCI) stated that REFOND will achieve continued growth in the coming years for full benefit from the growth in lighting demand.
REFOND expands capacity with its own funds, a large-size backlight LED capacity of 1,904 KK / year, lighting LED8 of 388KK / year and automotive electronics LED1 of 527KK / year will be formed in the future. The company's expansion will begin to ease capacity bottlenecks in the first half of this year from the second half of this year, so that the performance in the second half of this year will be better.
BOCI predicates that the trend to purchase backlight devices from mainland China will still continue in the future; lighting demand brought by the lighting market reversal will directly boost the revenue growth of REFOND in the second half of this year even in the next 2-3 years.
