LED automotive lighting module manufacturers saw revenue stabilize in July. Lih-Ching's July revenue was NT$701 million, flat compared to the previous month but down 11.81% year-on-year. Benefiting from trends towards intelligent, lightweight, and differentiated automotive lighting designs, orders remained stable. Lianjia reversed its two-month decline, with July revenue reaching NT$474 million, a year-on-year increase of 7.71%, and its cumulative revenue for the first seven months returning to a growth trajectory.
Despite ongoing uncertainties in the macroeconomic market, both companies remain optimistic, believing that the expansion of automotive LED lighting applications will help drive business recovery. Lihching's board of directors approved investment plans in the United States and Mexico, including increasing capital at its Mexican production base and establishing a wholly-owned sales company in the US to strengthen local supply capabilities in the North American market. Mass production and shipments are expected to begin in 2026.
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Li-ching stated that with the Chinese mainland's automobile sales policies driving market recovery, her orders for headlight modules have stabilized, and the supply of headlight modules for the popular Tesla Model Y has been stable; the new project for headlight controllers for BYD's Ocean series models has also begun supplying, boosting sales in the Chinese mainland market.
However, affected by exchange rate factors, although Lih Ching's main business continued to be profitable in the first half of the year, with an operating profit of NT$41.86 million, the depreciation of the US dollar resulted in an operating foreign exchange loss of NT$120 million, leading to an after-tax loss of NT$76.53 million, or NT$0.63 per share. To expand its global footprint, in addition to its previous decision to set up a factory in Mexico, Lih Ching yesterday added another investment in the United States.
Lianjia reported a slight 1% decrease in revenue to NT$2.772 billion in the first half of the year, while July revenue increased by 7.71% year-on-year to NT$474 million, driving total revenue for the first seven months to NT$3.246 billion, a year-on-year increase of 0.18%. Despite the double impact of US currency fluctuations in the first half of the year, the company's overall business layout is sound, and operational momentum is gradually recovering. (Source: Taiwan Economic Daily)
