It is reported that Reddick’s revenue for the first quarter of this year reached NT$85.1 million, an increase of 3.4% in the quarter and an annual growth rate of 49.06%. Reddick said that the company has been established for about 4 years and is still in the growth stage, so the revenue performance is not bad. March revenue hit a new high, reaching 35.5 million Taiwan dollars.
After the traditional off-season (the first season), it is estimated that the second quarter and third quarter revenue will increase with the expansion of the LED lighting market, and the company's order visibility is about 1~2 months. Up to 80%, it is expected to reach 90% by the end of the second season.
Radek pointed out that optimistic about the LED lighting market in the next five years, began planning and setting up a new Yangzhou plant in 2009. It is expected that the third quarter of this year will be completed and trial production will begin. The initial plan will introduce 20 machines, and the plant can import up to 250 machines. It is expected to be imported in 5-6 years. If the capacity reaches full capacity, the capacity of the new plant in Yangzhou will be more than double that of the Dongguan plant. At present, Reddike has been reviewed by the cabinet buying center, and will be officially listed in June at the earliest.
After the traditional off-season (the first season), it is estimated that the second quarter and third quarter revenue will increase with the expansion of the LED lighting market, and the company's order visibility is about 1~2 months. Up to 80%, it is expected to reach 90% by the end of the second season.
Radek pointed out that optimistic about the LED lighting market in the next five years, began planning and setting up a new Yangzhou plant in 2009. It is expected that the third quarter of this year will be completed and trial production will begin. The initial plan will introduce 20 machines, and the plant can import up to 250 machines. It is expected to be imported in 5-6 years. If the capacity reaches full capacity, the capacity of the new plant in Yangzhou will be more than double that of the Dongguan plant. At present, Reddike has been reviewed by the cabinet buying center, and will be officially listed in June at the earliest.
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