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Net profit of Ledman up 200% in the first three quarters, driven by Micro LED HD display technology

Author :ledman Reading :808

The article source [SLDA Daily LED]

  On the evening of October 10, Ledman published earnings preannouncement in the first three quarters. The preannouncement showed that the estimated net profit attributable to the shareholders of the listed company in the first three quarters in 2019 is RMB 39,435,200 to RMB 43,815,700 up 170% to 200% year-on-year; among them, net profit of the third quarter in 2019 is RMB 22,564,900 to RMB 23,444,000, up 670% to 700% year-on-year.



  Among them, changes in performance in the third quarter in 2019 (July 1, 2019 to September 30,2019):


  Ledman made a clear explanation in the preannouncement the reason of the remarkable increase in net profit. During the reporting period, the company took the lead in Micro LED ultra-high-definition intelligent display technology, increased market promotion, used core independent intellectual property products to drive LED product lines, and the main business income grew rapidly; at the same time, the company optimized supply chain management, promoted cost control, increased comprehensive gross profit rate and achieved cost reduction and efficiency.

  It is also reported that the Mini/micro LED ultra-high-definition display has a positive significance for driving the display company's performance growth in the third quarter This is confirmed by the recent report on the revenues of Macroblock,EPISTAR and Lextar in the third quarter or September. Thanks to the smooth market penetration of mini LED with fine pitch and ultra-high-definition micro LED, the above enterprises has achieved considerable growth in performance.


Guangdong Optoelectronic Technology Association

  Guangdong Optoelectronic Technology Association, relying on South China University of Technology, is a unit which collects all links of the optoelectronics industry chain and an optoelectronics industry social organization registered in Guangdong provincial civil affairs office. Its purpose is to build a bridge for the coordinated development of government, industry, education, research and application, to provide reliable basis for government decision-making and consultation, to provide strong support for enterprise innovation and development, to provide a platform for the industrialization of teaching technology, to provide a place for all kinds of talents, and to help the healthy development of China's photoelectric industry.

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