Under the decline of blue LED prices, Everlight's non-backlight and lighting operations accounted for more than half of the first time in 2016. Looking forward to 2017, Yiguang is still optimistic about its own operations. Chairman Ye Weifu pointed out that IR, automotive, small-pitch display and Sensor is the main growth momentum, this year's operation is expected to be better than last year, and have the opportunity to see 2 digits. Liu Bangyan, general manager of Yiguang Production Group, retired recently. Chairman Ye Haofu will take over the position and directly manage the production line on the first line. He said that he is going to eight nights and ten, and he will dedicate his life to Yiguang. Looking forward to 2017, Ye Haofu is optimistic about the layout of non-blue LEDs this year, especially in IR, cars, small-pitch displays and Sensors, which is the main growth momentum of Everlight this year. On the small-pitch display, due to the improved resolution, there is a great advantage in long-distance viewing. The application surface has been expanded to the cinema screen, as well as military use. Everlight has received orders from Korean cinemas. The screens required for the room also have potential customers. In the automotive products, affected by the certification time, the progress of the Yiguangyuan Li Factory was slightly behind expectations. In the fourth quarter of last year, it entered the mass production stage and began to focus on revenue. The equipment capacity is estimated to account for 30% of the overall vehicle production capacity. The products are mainly delivered to the Tier 1 depot, but Ye Yufu pointed out that the vehicle product certification time is as long as 3 to 8 years. Last year, the revenue accounted for only a single digit. This year, the estimate still maintains this level. In the field of self-driving, Yiguang cooperates with European car manufacturers to combine IR and sensors for detection; in the Internet of Things, Yiguang plans to enter wearable devices such as heart rate sensors. Last year, due to the decline in the price of blue LEDs, the proportion of Yiguang's non-lighting and backlight operations exceeded 50% for the first time by 55%, which was significantly higher than the 40% in 2015. The small-pitch display and mobile phone flash accounted for 17%, while the vehicle products were In single digits, with the expansion of non-blue LED layout, Yiguang’s revenue and profit this year are still expected to surpass last year.
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