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2021-08-14

Ledman’s profit increased by nearly 260% in the first half of the year

Author :Shanghai Securities News Reading :4021

  The prosperity brought by accelerated commercialization of Mini/Micro LED has manifested itself in the performance of listed companies on related industrial chains. On the evening of August 12, Ledman released the semi-annual report of 2021. The company achieved an operating income of CNY 568 million in the first half of the year, a year-on-year increase of 44.51%. The net profit attributable to ordinary shareholders of the listed companies reached CNY 20,398,300, a year-on-year increase of 259.92%.

  The prosperity brought by accelerated commercialization of Mini/Micro LED has manifested itself in the performance of listed companies on related industrial chains. On the evening of August 12, Ledman released the semi-annual report of 2021. The company achieved an operating income of CNY 568 million in the first half of the year, a year-on-year increase of 44.51%. The net profit attributable to ordinary shareholders of the listed companies reached CNY 20,398,300, a year-on-year increase of 259.92%.

  According to the semi-annual report, during the first half of the year, Ledman's domestic business achieved a total revenue of CNY 249 million, up 158% year-on-year, of which its domestic LED display business achieved a revenue of CNY 236 million, up 177% year-on-year. Ledman’s Micro LED UHD display business, based on COB technology, achieved a total revenue of CNY 196 million, up 147% year-on-year, of which its domestic revenue increased by 177% compared with the same period of the previous year and 281% compared with the same period of 2019.

  According to the semi-annual report, Ledman shipped most of its products to South China and East China. Its COB display products with pixel pitch below P1.2 achieved a substantial increase in revenue, and the COB display products with pixel pitch of P1.5 showed a steady increase in revenue, while the COB display products with pixel pitch of P1.9 showed a slight decrease in revenue. Consumers’ favor to LED display products with micro or small pixel pitch has been increasingly obvious.

  Ledman also said in its semi-annual report that the company would continue to expand the production of COB products with its own funds to achieve double increase in both output and output value, and the yield rate of manufacture procedure reaching 98.49%. In addition, Ledman said it would continue product update, enhance the production capacity of flexible screen, reduce manufacturing cost and enhance product competitiveness.

  During the first half of the year, driven by the gradual recovery of overseas market demand, Ledman’s international display business achieved an operating income of CNY 165 million, an increase of 29% over the same period of last year and 22% over the same period of 2019. While consolidating the overseas sales of its conventional SMD display products, Ledman actively carried out the publicity over its next generation of Micro LED UHD display products based on the advanced COB technology. The international revenue growth of its Micro LED display business was accelerated to promote the sales of its conventional SMD display products.

 






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