Guangfeng Technology Li Yi interview with CNBC: car business will become the company's main source of income in the future
DATE:  Aug 28 2023

when listed companies focus on the disclosure of the first half of the results, a few days ago, the first batch of science and technology board listed companies Guangfeng technology (688007.SH) chairman and CEO Li Yi, accepted the United States mainstream financial media CNBC live interview, introduced the company's operating situation and future development direction. It is reported that this is also after Li Yi was invited to accept an exclusive interview with CNBC at CES in the United States in January this year, showing the high attention of Guangfeng Technology in the international market.

(Guangfeng Technology Li Yi Accepts Exclusive Interview with CNBC)

According to the 2023 semi-annual report announced by Guangfeng Technology, the company achieved operating income of 1.073 billion yuan in the first half of the year; realized a net profit of 74.9146 million yuan to the parent, an increase of 62.98 percent over the same period last year; and the company's overall gross profit margin reached 37.7 percent, an increase of 7.39 percentage points over the same period last year. Among them, the strong recovery of the cinema services business and the acceleration of the in-vehicle optical business into the landing stage became the highlights.

it is reported that at CES in the United States at the beginning of the year, BMW group launched the I digital emotional interaction concept car (Dee) in the world. among them, the amazing four-window fusion display technology was provided by guangfeng technology as the core device, which also became the opportunity for CNBC's first interview. Since then, Guangfeng Technology has independently participated in the Shanghai Auto Show, releasing the world's first car-grade color laser headlights, and appearing in various application solutions such as car window display, transparent display in the car, large entertainment screen in the car, and smart surface, which have aroused widespread concern in the industry.

(Guangfeng Technology independently participated in Shanghai Auto Show)

"I think the car business will be our main source of revenue in the future." Li Yi said in response to a CNBC host's question about the expansion of Guangfeng Technology's on-board optical business. Less than a week after this interview, Guangfeng Technology announced that it had received a notice of fixed-point cooperation from Huayu Vision.

Up to now, Guangfeng Technology has accumulated fixed-point cooperation from BYD, Selis, BAIC New Energy, Huayu Vision and other head new energy vehicle companies and first-tier suppliers. Li Yi pointed out that Guangfeng Technology, as a scientific innovation enterprise, uses core technologies to build core devices and develops new application scenarios with core devices. For example, it has developed sky screen projection, window display, lifting projection inside the car, headlights that can display images outside the car, etc. It does not need to follow others but can create it itself.

"We are actively engaging with leading automakers at home and abroad. These efforts will bring us growth in the next two to three years. At the same time, we remain open to new applications and new business opportunities, hoping to use Our technology enriches people's lives." Li Yi said.

(Guangfeng Technology Li Yi Accepts Exclusive Interview with CNBC)

While entering the international automobile market and gaining more opportunities, it also means that it will face more fierce global market competition. Regarding how to stand out in the international competition, Li Yi said: "Many companies in the current market are crowded in crowded areas. Doing similar things lacks core competitiveness and is easily eliminated. As the original inventor of ALPD semiconductor laser light source technology, Guangfeng Technology focuses on innovation, new creation and pioneering business, which is our way to deal with global challenges and competition."

according to the financial report, the research and development investment of guangfeng technology reached 0.126 billion yuan in the first half of the year, accounting for 11.78 of the operating income. at the same time, centering on the original ALPD semiconductor laser light source technology, the company has obtained 1901 authorized patents worldwide, including 1007 authorized invention patents. in addition, the home intelligent projection products equipped with ALPD 5.0 optical machine will be released soon and are expected to cover the sales hot spots in the second half of the year. Overall, Guangfeng technology research and development investment is the forefront of the industry, patent advantages are obvious and high value.

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