Da Yi estimates that revenue will decline by 15% in June, Q2 revenue or quarterly increase of 10%

Passive component chip resistor manufacturer Da Yi Technology initially estimated that the monthly revenue in June will decline, in line with the seasonal changes in previous years, but overall, the second quarter, benefiting from the long working days, and the company's LED substrate shipments continue Slowly rising, revenue still grows at least 10% from the first quarter. The legal person estimates that Da Yi's June revenue will drop to 300 million yuan (NTD, the same below), and the second quarter combined revenue estimate is 9.5-960 million yuan, up 12% from the previous quarter.

Da Yi said that since June is the end of the season, there is a problem of closing accounts in advance in response to customer inventory. In the past June revenue, single-month revenues generally fell from May, and last year's revenue decreased by 15%. The decline will converge.

Looking forward to the third quarter, Da Yi admits that the company recently analyzed the third quarter of the past four years, showing that the electronics industry's off-season season is not as obvious as before, mainly because the current electronic products may not release new models in the third quarter, whether it is NB and mobile phones are all new products at any time. The supply season is not so obvious. It is expected that the company's chip resistance and protection component demand will be equivalent to the second quarter.

However, Da Yi is still optimistic about the development of new LED substrate products. It is reported that Da Yi's current products have been certified by domestic and foreign LED lighting manufacturers and have been officially shipped. The average monthly revenue contribution of the second quarter substrate is 2,000. In the case of about 10,000 yuan, there will be an opportunity to stand at 25 million yuan in July. In the third quarter, the goal is to fight for 30 million yuan in a single month. If it can reach 30 million yuan, it will reach a loss in a single month.

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Another major player in the market is Contemporary Amperex Technology (China). The company opts for contracts & agreements as its inorganic business strategy for increasing its clientele base globally. For instance, in May 2019, the company was awarded a contract by Eugene Enerfarm for its energy storage system project. Under the contract, the company supplied lithium iron phosphate batteries that support energy storage systems and provide better safety and longevity.

Recent Developments

This research report categorizes the lithium iron phosphate batteries market by power capacity, industry, application, and region.

In February 2019, BYD introduced a next-generation lithium iron phosphate battery technology for its forklifts and warehouse equipment. The advanced lithium iron phosphate batteries are cost-effective and maintenance-free.

In January 2019, RELiON launched a next-generation series of lithium iron phosphate batteries named the Insight Series. The batteries are designed for deep-cycle applications such as marine, renewable energy systems, floor machines, and recreational vehicles.

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Shenzhen Zhifu New Energy Co., Ltd. , https://www.sunbeambattery.com