Reported 9 months ago
Yaohua's first-quarter low-orbit satellite (LEO) panel orders have exceeded expectations, accounting for over 15% of the total. The company will introduce a second LEO satellite customer, with expectations for volume growth in the third quarter. Yaohua anticipates further growth in average gross margin for the second quarter due to increased production capacity and higher ASPs of new models. Additionally, the company is optimistic about the high-growth potential and demand in the low-orbit satellite market, aiming to secure additional supply chain partners beyond its current main suppliers, WUS Printed Circuit (2313) and itself.
Source: YAHOO