Sunonwealth taps into Hefty Philips Orders

Sunonwealth Electric Machine Industry Co., Ltd. began developing LED fans last year and secured orders from Philips for its LED lamps in the second quarter.

Products contracted by three other buyers would likely add to the shipments, therefore Sunonwealth executives expected its shipments for the second half of this year to further surge. It's said that the company is verifying product samples with the buyers. LED fans would likely increase to account for 8% of the company's total shipment for this year.

Due to contracts for LED fans, some institutional investors believe Sunonwealth's earnings for the second half of this year may increase considerably. Based on higher profits of the products, it estimates LED fans to constitute over 10% of the company’s revenue throughout this year.

Additionally, the firm's latest only 4 mm fans for ultra-slim lamps are also estimated to contribute to the firm's revenue growth for the year. The newest fan is only half the size of last generation.

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