Huaxing Electronics (6164) estimates that the total shipment of LED lamps in 2011 will challenge 4 million units, and the company is actively planning the construction of the third plant in Zhaoqing, Guangzhou.
Huaxing said that the current monthly production capacity of LED lamps is about 100,000. Last year, it actively deployed the mainland China and Southeast Asia markets. In addition, it has entered the harvesting period in 2011, and the overall shipment volume is set at 400. With a million targets, the cumulative sales volume is expected to exceed 10 million.
The company estimates that revenue from LED tube revenues will reach 70% in 2011, and other components will be about 30%.
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