Weishi Electronics has entered the supply chain system of new energy vehicles with a double increase in revenue and profit in the first half of the year.

Weishi Electronics released its semi-annual report on Aug. 17, saying that in the first half of 2021, the company's operating income was 590 million yuan, an increase of 26.21% over the same period last year, while the net profit belonging to shareholders of listed companies was 39.1637 million yuan, an increase of 3.46% over the same period last year.

From a product point of view, Weishi electronic backlight display module products achieved sales revenue of 459 million yuan, an increase of 26.45% over the same period last year, accounting for 77.70% of the company's sales revenue. Among them, VR backlit display module products achieved sales revenue of 46.5278 million yuan, accounting for 7.88% of the company's sales revenue, an increase of 135.61% over the same period last year. LCD module products achieved sales revenue of 33.1113 million yuan, accounting for 5.61% of the company's sales revenue, an increase of 22.94% over the same period last year. The sales revenue of touch decorative panel (IML) products reached 27.9538 million yuan, accounting for 4.74% of the company's sales revenue, an increase of 44.41% over the same period last year.

In terms of new customer development, the backlight display module added first-class automotive suppliers such as Yanfeng Visteon and BHTC in the first half of the year on the basis of last year's addition of LCD manufacturers such as LGD, QC, Alpai, Xinli International and so on. In terms of touch decoration panels and display components, on the basis of the addition of well-known auto parts customers such as Nobo, Marelli, Chase, Guang'an, Wenzhou Changjiang, Prezhun and other well-known auto parts customers last year, Shenzhen territory was added during the reporting period. and get new business from the above new customers. The development of new products in addition to new customers, the existing main customers of the new unilateral has also made some achievements, to Tianma, JDI, LGD, Sharp and so on, the company got 21 new orders during the reporting period.

Weishi Electronics said that while consolidating its position in the field of on-board backlight display, the company has gradually expanded into the field of on-board display of new energy vehicles, and has successfully entered the supply chain system of domestic and foreign brands of new energy vehicles.