Hongxin Electronics: Both Jingdong And Shentianma Are Long-term Customers

- Aug 17, 2018-

In response to investors' questions on the interactive platform on August 3, hongxin electronics said that both Beijing Oriental and shenzhen tianma are major customers of long-term cooperation with the company.

Hongxin electronics specializes in the development, design, manufacturing and sales of flexible printed circuit board (FPC), a key high-tech enterprise in the national torch program.Apart from the demand of mobile phones and tablets, hongxin electronics is keeping up with the market demand, focusing on the development of on-board FPC products, and at the same time strengthening its technical reserve in the fields of 5G, Internet of things, wearable devices and medical treatment.

According to hongxin electronics' earnings forecast for the first half of 2018, the company expects the net profit attributable to shareholders of listed companies to be between 4005.94 million and 472.65 million from January to June, 2018, with a year-on-year change of 3.00% to 15.00%.

Hongxin said its operating revenue rose 124 per cent month-on-month in the second quarter, while net profit rose sharply.The main reason is that the full-automatic "roll-to-roll" production line developed by the company with a large amount of investment enters the stable operation period after running, the production efficiency and product yield remain stable at a relatively high level, the management level of the company is further optimized, and the production process cost continues to decline, so the business benefit starts to show substantially.The development strategy of "transformation from manufacturing enterprise to r&d enterprise" determined by the company is progressing smoothly, and the intelligent manufacturing system, industrial Internet system, "volume to volume" production line advantage and product technology advantage formed by a large amount of research and development investment are accelerating in an all-round way.Further to the superior enterprises at the same time, along with the smartphone industry concentration, superior enterprises continue to expand market share, the company as an important flexible PCB supplier "customer" head also benefiting, shipments surged, comprehensive build company in the second quarter performance to achieve the best level in history, the business indicators from increased substantially.