Lyad 2012 annual report: profit grew 13.25%, LED small spacing TV gross margin up to 37%

Riyadh Au Optronics Co announced in April 18th annual report, and launched the distribution plan, 10 to 5 to send 1.5 yuan. 2012, the company achieved operating income of 569 million yuan, an increase of 13.25%, attributable to shareholders of listed companies net profit of $58 million, earnings per share of $0.62. Company said its self-developed LED TV launch as LED panel in the true sense of self luminous LED display TV, is the world's first achievement, has the independent innovation of core technology and intellectual property rights, as the global minimum point spacing, high-definition LED tv. In order to meet the market demand and the various types of users, the company will launch LED small spacing TV fixed size, the interval of 1.6mm and 1.9mm products, including the size of 92 inches, 110 inches, 144 inches and 164 inches, the display screen can be in the dark environment, showing higher brightness by contrast, have a wider color gamut and video screen faster response. LED TV series product development and production, will drive a new round of technical innovation in the field of LED display.

Company said, LED small spacing TV since 2011 successfully developed, has been highly recognized by the market. 2012 year the company signed a total of nearly 200 million sales revenue orders, in the reporting period to confirm the income of $153 million, to undertake hundreds of LED small spacing TV wall project, gross profit margin of up to 36.71%.

In small spacing TV in 2012 the income of the industry performance distribution, from application to four (the headquarters of the general staff, General Political Department, the General Logistics Department, assembly) and major branches of the military and military LED small spacing TV wall revenue has accounted for the main business income of 36.41% orders, the main business income from the government accounting more than 20%.