International precision 冀 HDD business declines, intends to develop LED business

On May 14th, the representative of International Precision Investor Relations, Pan Jianyi, said after the annual general meeting that the profit of the hard disk drive (HDD) business, which accounts for half of the company's revenue, is low, and the company must increase its equipment utilization rate to achieve break-even. The company plans to develop LED business.

He said that the profit of HDD business is reduced to the nature of the industry, and the proportion of future business can be reduced to one-third, which is the same as that of hydraulic equipment and auto parts. The hydraulic equipment is a cyclical business. It fell last year and it is believed that there will be a recovery this year.

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