Large size LED TV can replace traditional mosaic display

Lyad recently launched the "large LED TV" caused a sensation in the industry, according to the report of Lyad analysis, "large size LED TV" in some application fields will be on the market existing LCD spell wall, DLP rear wall splicing display products have a certain alternative, in the commercial display field has great potential, but if the market for new product acceptance will slow, may cause the company to reach the expected level of income, have an adverse impact on future production operations and financial condition.

The day before, Riyadh released three quarter quarterly report shows that in 2013 1 to September, the company operating income of 440047988.08 yuan, representing an increase of 12.09%; gross profit margin was 36.04%, compared with the same period last year increased by 3.61 percentage points; net profit of 43556792.95 yuan, representing an increase of 10.51%.

Among them, LED small spacing TV orders signed 203 million yuan, sales income of 115370278.41 yuan, accounting for 26.22% of sales revenue, representing an increase of 33.04%, gross margin reached 36.37%, has become the main force of revenue.

During the reporting period, Riyadh has increased the international market publicity, the company reputation in the international market has improved. 1 to September, international business orders of $143 million, revenue of $104931945.87, representing an increase of 80.69% over the same period last year. Riyadh said, according to the existing orders, confirmation is expected in the fourth quarter revenue and net profit will be greatly increased.

For the future market layout, Riyadh said the company will continue to focus on the business of the six pillars, namely LED LED full color display, display and system integration, LED, LED small spacing TV lighting, LED display and LED logo, creative advertising media, to carry out business activities, to achieve the company's strategic development goal to become the world's leading LED the application of the overall solution provider.

The company is not currently entering the mass consumer electronics, Riyadh said, the new product LED TV company currently released only 92 inch large scale TV products, suitable for more than 2 meters distance, so the company LED TV only in large areas and other display products have obvious advantages, less than 92 inch LED the traditional TV and LCD TV in the home can not be compared in definition and price etc.. However, the company said, the company is actively implementing LED TV to enter the high-end residential market strategy, to adapt to market demand, through the improvement of civil service system and strengthen the construction of products in cooperation with other companies and other ways to achieve the LED standards as soon as possible to enter the high-end TV electronic consumer market.