Xinjin breaks into Toshiba LED TV supply chain to become the world's largest TV bearing supplier

After receiving the Sony TV order, Xinjin will enter Toshiba's LED TV supply chain. Next year, TV bearing shipments will double to 8.5 million to 9 million units. With the orders of international manufacturers, Xinjin's revenue is expected to exceed 100. The 100 million yuan mark will challenge the annual growth rate by 20%.

The market penetration rate of LED TV has increased significantly this year. It is expected to reach 70% at the end of this year and 90% next year. As LED TV emphasizes thinning and raises the threshold of its mechanical key and base production, Xinjin has advantages in related technologies and becomes LED. The biggest beneficiary of TV thinning.

It is understood that Xinjin won the large order of Sony LED TV and LED monitor bearing up to 1.2 billion yuan (NTD, the same below) in September. After entering the Toshiba supply chain, Xinjin became the world's largest TV bearing supplier. .

The main customers of Shinjin's next year's TV bearings will be Funai, Sony and Toshiba. It is estimated that next year's shipments will be 8.5 million to 9 million units, double the number of more than 4 million units this year. New orders have begun in November. goods.

On November 5, Xinjin stated that in order to supply Japanese customers nearby, the company plans to set up factories in Malaysia or Thailand by the end of next year. Since Sony and Toshiba have factories in Malaysia and Thailand, the legal person believes that Shinjin will set up a factory there to meet the orders of Sony and Toshiba.

Xinjin is expected to be in the fourth quarter with the third quarter. In September this year, Xinjin started the self-made rate improvement plan, which has achieved the effect of cost reduction. Therefore, while the revenue of Xinjin will expand next year, the gross profit margin will still maintain the high level of 23.5% to 24% this year. In the orders of major manufacturers such as Toshiba and Sony, Xinjin has continued to increase its application shipments such as AIO. The revenue next year is expected to exceed 10 billion yuan, and the annual growth rate will challenge 20%.