MiniLED backlight business adds momentum, and Ruiyi Q4 revenue will be better than Q3

Backlight module factory Ruiyi Optoelectronics pointed out that each quarter in 2021 is very stable, originally expected to be the fourth quarter is also NT$14 billion, but because the main customer MiniLED backlight laptop new products smoothly mass production, but it seems that it will be higher than expected, better than last quarter. Originally expected to decline by around 10 percent this year, it now looks likely to have a slightly better chance than last year.

In response to the development of new MiniLED products, Ruiyi's capital expenditure in 2021 is slightly higher than last year, mainly for related equipment procurement, and it is estimated that there will still be some capital expenditure for MiniLED-related investment in 2022, but it is not a large amount of huge investment.

MiniLED technology, Ruiyi explained that the company undertook the Order for the MiniLED backlight of the laptop, but did not receive the backlight module of the 12.9-inch tablet, mainly because of the customer's own considerations (balancing the supply chain).

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Looking forward to 2022, the company's view is more conservative, because the demand related to working from home may slow down, coupled with some model shipment adjustments, including the 12.9-inch model may return to zero next year, and the estimated revenue performance is expected to be flat in the case of still good demand for laptops and downward revision of tablets.

In addition, in terms of on-board products, the company has entered the supply chain of the U.S. electric vehicle manufacturer's in-car display device, including a central control system with high specifications, and the growth rate of in-vehicle product shipments this year is estimated to be more than 50%, but the vehicle products are relatively stable, will not suddenly grow significantly, and the overall revenue proportion is still low.

Overall, the order situation of Ruiyi from Us customers in 2022 should be similar to this year, and Ruiyi's position in the supply chain of US customers should remain stable. The main difference is that shipments of the 12.9-inch model may be zeroed. As for the external 11-inch model will be introduced into OLED, it seems that it may be delayed any longer. (Source: MoneyDJ)

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