Colorite opens new stock subscription, "the first stock in video image display control", and its full-year net profit is expected to increase by up to 39.42%

Since its establishment, Colorite has always attached great importance to R&D and innovation to consolidate its core competitiveness. The prospectus shows that the company will invest 54.211 million yuan in research and development in 2021, with a compound growth rate of 36.35% in the past three years. Through years of R&D technology accumulation, the company has a first-class research and development and technology application team in software, hardware, optics, image algorithms, embedded, communications, cloud networking, etc. It is reported that the company has successively developed massive pixel rapid optical correction technology, large screen physical spacing fine-tuning technology, multi-channel ultra-8K video low-latency processing technology, virtual shooting XR technology, image bit extension technology, non-linear color gamut calibration technology, mobile display grid broadcast control management technology, etc., becoming one of the few companies in the industry that masters the core technologies of LED display control and video processing. At the same time, the company has established a comprehensive intellectual property protection system based on business and strategic needs. As of September 13, 2022, the company has 98 authorized patents (including 77 invention patents) and 49 software copyrights. In the first half of the year, the company achieved revenue of 271 million yuan. Industry insiders pointed out that at present, "information videoization and ultra-high-definition video" have become Development trends of the global information industry. The popularization and application of 5G communication technology will provide impetus for the rapid development of ultra-high-definition video technology. From the perspective of development trends, the application of 5G+8K will effectively promote the development of new media, command and dispatch, telemedicine, video conferencing, industrial control, culture, education, entertainment, and AR/VR. In recent years, Colorite has followed industry development trends and developed a series of new products suitable for 5G transmission and 8K video processing, which have been recognized by customers and the market. In the future, the popularization and application of 5G+8K will provide excellent market opportunities and a good development environment for the company's product expansion and business growth. It is worth mentioning that in addition to its outstanding innovation capabilities, Colorite also has good profitability performance at the performance level. According to the prospectus data, in 2019, 2020 and 2021, the company's operating income was 330 million yuan, 395 million yuan and 582 million yuan respectively, and its net profits were 63.1629 million yuan, 63.7894 million yuan and 108 million yuan respectively. The net profits after deducting non-profit items were 60.999 million yuan, 62.7555 million yuan and 103 million yuan respectively. Since 2022, Colorite has produced and Sales are running well. As the domestic and overseas market demand in the LED display industry continues to grow, the company's existing major customers are fulfilling orders well, and demand for new orders is gradually being released. Data shows that in the first half of this year, the company achieved revenue of 271 million yuan and net profit after non-compliance deductions was 49.477 million yuan. At the same time, based on the company's operating conditions, orders on hand, shipments and market environment so far in 2022, according to preliminary calculations by Colorite's management, it is expected to achieve revenue of 640 million to 720 million yuan in 2022, a year-on-year increase of 9.88% to 3.62%; net profit attributable to the parent company is 120 million to 150 million yuan, a year-on-year increase of 11.54% to 39.42%. Kallet said that the company takes "the future of vision" as its development goal and will make every effort to promote the company's transformation from a research and development enterprise to an innovation, creation and integrated service enterprise based on the original technology and market; further strengthen the company's brand influence in the market, increase marketing promotion efforts in domestic and foreign markets, and achieve a dual-wheel drive situation of export and domestic sales; promote the deep integration of research, production, and sales, innovate corporate management and operation models, and become a leading enterprise in the industry.