Mengdong Optoelectronics doubles its revenue in February and increases its annual revenue by 3 billion yuan.

Xingda Touch Panel Dachang Mudong Optoelectronics Co., Ltd. (4950-TW) announced its February performance and received continuous resumption of Wen Xiong's orders. The consolidated revenue reached 266 million yuan, a monthly increase of 46.88%, an increase of 100% year-on-year. Monthly revenues were 447 million yuan, an increase of 60% year-on-year, showing that it was not a bad season. With the continuous increase in the proportion of capacitor products this year, the increase in gross profit, and the increase in mainland customers, legal persons estimate that this year's revenue will have the opportunity to challenge 3 billion yuan, and the profit growth rate will increase.

Hudong is principally engaged in the production and sales of touch panel modules. Its main production base is located in Suzhou, China. Its product portfolio has also been actively developed into projected capacitive products from past full-plane resistor products. Last year, projected capacitors accounted for the proportion of revenue. Up to 40% this year, Chinese brand customers launched a large number of smart phone plans. It is estimated that capacitor products will account for more than 90% of the company’s overall revenue, and profitability will increase significantly.

The core technologies of Mudong are roll-to-roll printing, roll-to-roll yellow light, automated testing and other production technologies, and they are integrated into continuous production of fine-film thin film projected capacitive touch panels, and were successfully introduced into mass production last year. The technology uses yellow light to develop a roll-to-roll process, and uses roll-to-roll slicing relative to the industry. It has a high precision of lamination, a large amount of output per unit time, a narrow side effect is the same as the glass capacitance, and has a high bonding yield. The characteristics of light weight, low cost of raw materials, thin thickness and other characteristics, suitable for a small number of consumer electronics 3C products, development speed characteristics.

At present, the business development strategy of MuDong has already established a basis for good cooperation between Chinese brand mobile phone customers on resistance products, and jointly developed a variety of smart capacitor products for the new generation of smart phones, and actively sought certification from Japanese, Korean and Taiwan brand customers. Has been one after another China's brand and international mobile phone, tablet brand customer orders and volume output. According to market research agency Gartner, ZTE, Huawei, and TCL have all entered the world’s top ten smart phone makers in the fourth quarter of the year, with a market share of over 10%. With the continuous growth of the global smart phone market, especially China's branded mobile phone industry has launched a large number of 3G mobile phones, and WIN8 has launched a favorable environment for accelerating the use of personal computer touch applications. This year, the operation of Mudong will have significant performance.