Xinruida said that the company's vehicle display products include display terminals and modules. The performance parameters of the 15.6-inch vehicle suspension screen version 2.0 sample currently developed by the company have been recognized by customers. The company's project research and development around smart cockpits, electronic rearview mirrors, HUD and other display application fields are advancing as planned. In terms of production, the company has established a vehicle-mounted display production base in Wuhu. The production line has been completed and is about to enter production.
It is reported that Xinruida has taken on-vehicle display as one of its corporate strategic plans since it undertook the Mini LED major science and technology project in Anhui Province in 2017. With the accelerated development of the four modernizations of new energy vehicles, the company has also accelerated the advancement of related projects in recent years.
In November 2023, in order to improve the supply chain level of vehicle-mounted display terminals and create greater business synergies, Xinruida jointly established Ruilong Electronics with related parties to devote itself to the services and solutions of intelligent automotive cockpit solutions.
Currently, Ruilong Electronics has established a full-scale team of personnel that can undertake multiple projects at the same time, and currently has four R&D bases in Hefei, Wuhu, Dalian and Shenzhen. Ruilong Electronics also carries out industry-university-research cooperation with Hegong University Automotive Industry Institute and other universities, institutions, and AI companies. It is reported that Ruilong ElectronicsThe domain control products under development based on global high-computing power car-grade chips will soon be unveiled at world-renowned OEM exhibitions.
In April this year, Xinruida used 10 million yuan of its own funds to establish Wuhu Xinruida New Display Device Co., Ltd. to accelerate the introduction of Mini LED and other technologies into the automotive field. The company's main business scope includes: display device manufacturing; display device sales; smart vehicle equipment manufacturing; smart vehicle equipment sales; electronic component manufacturing, etc.
Information shows that Xinruida is mainly engaged in the overall solution of development, design, manufacturing, sales and technical services of the entire industry chain of new display materials, modules and terminals. In the first half of the year, due to intensified competition in the overseas market of display terminal business, Xinruida achieved revenue of 482 million yuan and net profit attributable to the parent company of 54 million yuan.
ANNA