China will replace Western Europe as the largest application market for LED lighting

Driven by the continued growth in revenue from power management ICs such as LED lighting, smart mobile devices and LED backlighting, F-Angpo has consolidated revenues of 265 million yuan in July, and has set record highs for five consecutive months. Increase by 4.5% and 48% year-on-year.

The year-on-year growth rate of F-angpo’s four product lines, including communications, consumer electronics, industrial control, and computers, also rose in tandem with the LED lighting products. The performance of LED lighting products was particularly bright, accounting for nearly 20% of revenue. Revenue increased by more than 1.5 times from last year.

F-Angpo pointed out that with the market expecting that mainland China will replace Western Europe, becoming the largest application market for LED lighting, coupled with the high development potential of emerging countries, Asia will be the most important market for LED lighting production and consumption. F-Angpo is expected to benefit significantly from the full range of LED lighting drive solutions and its excellent geographical advantages.

In addition, in the communication products segment, F-Angpo pointed out that with the rise of smart mobile devices in mainland China, the annual growth rate of F-Angpo's mobile phone charger has reached 30%. According to market research, including the four major brands in China, such as ZTE, Huawei, Coolpad, and Lenovo, all ranked among the top 10 smart phone brands in the world in the second quarter. F-Angpo's performance in mobile phone charger products will continue to increase.

Looking into the performance of the second half of the year, it is expected that revenues from related power management ICs such as LED lighting, mobile phones and flat panel chargers will continue to grow. New products related to MCU-related products such as mobile power shipments, smart home appliances and LED smart dimming will be expanded to new product lines. It is expected to further stimulate the overall camp sports.