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LED industry prosperity increases to help double net profit Liad VR experience first profit

Liad, who performed well last year, released the first quarter of April 20 on the evening of 2017. The company's performance achieved another good result and achieved revenue of 11. 5% in the first quarter. 2. 8 billion yuan, net profit doubled to 1. 7. 2 billion yuan, basic earnings per share 0. 21 yuan. The report shows that in the first quarter of 2017, the company's revenue increased by nearly year-on-year, mainly due to the increase in orders and acceptance items during the reporting period. In addition, the acquisition of lanshuo technology, Vanke era, purui lighting, Zhongtian lighting, Junze lighting, NP company led to an increase in operating income. However, the fair value change loss of the shares held during the reporting period increased compared with the same period of last year, and the fair value change income decreased by 117 compared with the same period of last year. 29. At present, Liad has formed a large-scale lighting Enterprise Group in China through investment and mergers and acquisitions. In the first quarter, the performance of the lighting business group remained high, with operating income of 3. 1. 4 billion yuan, an increase of about over the same period last year, with a gross profit margin of 43. 91. In the traditional main business, the intelligent display sector has also maintained rapid growth. In the first quarter, small-scale orders were signed. 7. 9 billion yuan, an increase of 33 over the same period last year. 45; As of the announcement date of the report, small-pitch TV orders achieved 4. 9. 5 billion yuan, an increase of over the same period last year; In particular, the small-Pitch New Order for channel sales is 0. 6. 9 billion yuan, an increase of nearly 6 times over the same period last year. In addition, the cultural tourism sector achieved a revenue of about 79 million yuan, and the VR experience achieved profitability for the first time. Last year, the company acquired natural point, laid out the VR industry, and invested in the application space of VR and LED display products. On January 25, NP completed the acquisition and delivery of all its shares, enriching the VR experience performance of Happy Cities. 2- In March, NP company realized operating income of 3983. 360 thousand yuan, combined net profit 1179. RMB 540 thousand. As of the announcement disclosure date, the cultural tourism, intelligent display, and Night Tour economic sectors have not fully confirmed the total amount of orders with a revenue of more than 10 million. RMB 8. 7 billion. It is worth noting that Liad's dependence on large customers has decreased. In the first quarter of this year, the total procurement scale of the top five suppliers increased year-on-year, but the proportion was 35. 68 to 28. 22, the total revenue of the top five customers reached 2. 1. 7 billion yuan, the proportion fell to 19. 26. The LED industry generally saw good revenue last year. Tongzhou Ming technology is expected to increase in the first quarter, and its net profit will double over the same period of the previous year, with a profit of 52 million yuan. The company pointed out that the domestic LED small-pitch market continued to improve, and the sales volume increased significantly compared with the same period of last year. The sales revenue of foreign trade continued to grow. Sunshine lighting's net profit in the first quarter increased by about 15. Essence Securities research pointed out that LED display and mode innovation will extend from hardware to content service and operation innovation. Under the background that the prosperity of LED small-pitch industry continues to improve and small-scale companies cater to the needs of large industries, the industry will usher in a period of innovative development and frequent integration, it will rely on the high-level attributes of the screen to carry content and act as a media entrance, and gradually expand the content business such as cultural media and urban landscape.

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