Lyad in the first half net profit increased by 76% LED small margin contribution

In August 20th, Lyad announced the evening of the first half of 2014 performance report, during the reporting period, the company achieved total revenue of 412 million yuan, up 50.81% over the same period last year, net profit attributable to shareholders of listed companies reached 53 million 990 thousand yuan, an increase of 76.02% over last year; consolidated gross margin to maintain a high level of 37.83%.

Among them, LED display and integration to achieve revenue 181 million yuan, up slightly by 13.71%; LED small spacing TV revenues of 192 million yuan, an increase of 234.98%; LED intelligent lighting to achieve revenue 33 million 682 thousand and 200 yuan, surged 1765.03%; LED culture media to achieve revenue 719 thousand and 300 yuan, up slightly by 5.86%.

LED small spacing TV orders than expected revenue accounted for high innovation

During the reporting period, LED small spacing TV orders growth exceeded expectations, an increase in the proportion of overseas markets. As of the announcement date, the company signed a new small spacing TV orders 413 million yuan, of which 2014 1-6 month new orders signed $300 million. During the reporting period, confirm the income of 192 million yuan, representing an increase of 235.49%; small spacing television revenues accounted for a record high, reaching 46.56%, and in the premise of the post merger JINDA lighting LED intelligent lighting business segment operating income increased significantly, has exceeded the company's traditional business display: LED display and integrated business proportion, become the company's main business income of the main force. Small spacing TV revenue recognition, 20.33% for overseas income. Up to now, small spacing standard TV has sold 115 units.

With the continuous decline of the small spacing TV costs and market prices, and even some products market price is lower than the traditional DLP large screen display wall, and in view of the small pitch LED TV display, seamless, energy saving and other advantages, market awareness and acceptance of a substantial increase, replacement rate significantly improved. LED small spacing TV applications in the conference system and commercial advertising to enhance the speed. As can be seen, LED small spacing in various areas of the rapid increase in the number of alternatives and applications, is expected to erupt soon.

Naked eye 3D TV listed 0.7mm spacing product research and development completed

Riyadh naked eye 3D touch TV development is completed by the end of 2013, and has published at home and abroad. Naked eye 3D market space is very large, very high degree of market attention, will be the first to start using in the field of commercial advertising. In LED small spacing crucial scientific research, and successfully developed the first Riyadh pixel pitch of 0.7mm LED self luminous display panel unit, belonging to the current global minimum point spacing panel LED display.

The company said, LED small spacing TV into the civilian market has the three generation TV development is completed, and small scale production, the product will be released on August 27, 2014, the company proposed to enter the civilian market in the fourth quarter of 2014 the plan will proceed as scheduled. With the birth of civil products, the company will advance to the high-end civil market, and strategic cooperation with Guangzhou Hedong Electronics Co., Ltd. into the smart home market.

Outstanding performance of overseas market mergers and acquisitions integration highlights

At present, Riyadh in Europe and the United States, Japan and Brazil holding companies were registered, and has been fully operational. During the reporting period, the company confirmed overseas revenue of 87 million 610 thousand yuan, an increase of 55.1% over the same period last year, of which small spacing TV accounted for more than 44.48%. As of the date of the announcement, signed a total order of 285 million yuan, of which 2014 1-6 month new orders signed $148 million. It is understood that Riyadh Europe has generated income, profit contribution of 1 million 162 thousand and 800 yuan; the United States, Japan's Riyadh have signed a number of orders.

Lyad completed in November 15, 2013 on the Internet billion acquisition, both in terms of product supply, marketing and service sharing can produce synergy, the company will in the field of radio and television services, including LED and LED integrated display and small spacing TV products, were handed over to the Internet Phyllis unified jurisdiction and expand. During the reporting period, the company's share of the radio and television industry continues to improve, as of the date of the announcement, in 2014 the new radio and television industry signed a single nearly 30 million yuan. 1-6 month Internet contribution of 5 million 866 thousand and 900 yuan profit.

The liard JINDA lighting acquired in May 2014, before delivery, the two sides have shared in all aspects of marketing network, service network and customer resources, the company will be outdoor lighting project business by JINDA lighting consent to jurisdiction and expand. Golden lighting deadline for the announcement of the date of the announcement, signed a total order of 90 million yuan, the reporting period to confirm the income of $33 million 680 thousand, the contribution of profit of $6 million 749 thousand.

The company said that the traditional LED display industry integration has entered a stage of benign development. With the adjustment of the LED industry began in 2012, the current adjustment has entered a stage of benign development. With the emergence of intelligent products and integrated platform to complete the building, LED display products will have a broader space for use. For small spacing TV, with the decline in product costs and prices, the application of the market space is also growing, including the military market, education, consumer sites, civil markets, etc.. In addition, LED lighting market space is great, the company will continue to expand the proportion of lighting business segments as an entry point for interior lighting engineering. (text /LEDinside Flora)

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