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small pitch led display major listed companies have released q1 performance reports

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Small-pitch LED display major listed companies have released Q1 performance reports

Recently, many small-pitch LED companies have disclosed their performance reports for the first quarter of 2020. Judging from the published performance, most manufacturers’ performance in the first quarter has generally declined due to the impact of the epidemic. Absen mainly benefited from the company’s strategic layout in 2019. Orders increased in the fourth quarter of 2019. Some orders achieved revenue in the first quarter of 2020 and achieved a year-on-year increase in profit.

Aowei Cloud Network Commercial Display Division
The Leyard report shows the seasonal characteristics of the industry. The first quarter is the off-season throughout the year, and the order volume is the lowest throughout the year. In the same period last year, night travel economy accounted for a relatively high proportion, accounting for 26.44% of revenue. The company’s business strategy adjusted the business scale of this sector. In 2019, the proportion of this sector was lowered to 14.92%. The proportion of night travel economy sector was from the same period last year. 26.44% of the report was reduced to 11.57% during the reporting period, and the proportion of smart displays reached 80%. Therefore, under the influence of the epidemic, overall revenue fell by 45.9%, but the smart display fell by only 24.95%.
Among them, the small pitch is limited by the epidemic. The small pitch TV achieved operating income of 638 million yuan, of which overseas accounted for 42%, an increase of 41% over the same period last year. Small-pitch domestic distribution was affected by logistics, and shipments decreased by 50%, but the impact of overseas and direct sales was not significant, so the overall small-pitch fell by 9.62%. However, LED displays are mainly sold in China, and the direct sales, distribution, and leasing businesses have declined significantly due to the impact of delivery and installation. Due to the replacement of small spacing, LCD large-screen wall mosaics dropped by 13%.

In the first quarter of 2020, the company achieved operating income of RMB 817,051,100, a decrease of 26.92% from the same period of the previous year; operating profit of RMB 80,506,500, a decrease of 18.33% from the same period of last year; net profit attributable to the company¡¯s ordinary shareholders was RMB 68,323,300, A decrease of 17.10% over the same period last year. The main factor for performance changes is the impact of the new coronavirus epidemic. In February 2020, strict epidemic prevention and control measures were implemented in many places across the country. The resumption of upstream and downstream industries, project bidding, and project implementation progress have been delayed, leading to the first quarter Domestic performance is affected by short-term phases. After entering March, the domestic epidemic control has achieved remarkable results. The company and upstream and downstream production and operation have been restored in an orderly manner. The delivery of orders from domestic customers, new orders, and supply chain supporting facilities have gradually returned to normal. However, the spread of the epidemic abroad has led to some rental displays The project order postponed, the company will actively face the challenges, continue to pay attention to the development trend of foreign epidemics and the impact on the company’s overseas business.
In the first quarter of 2020, the company achieved operating income of 167,439,277.26 yuan, a decrease of 22.76% from the same period of the previous year; the net profit attributable to common shareholders of listed companies was 5,005,006.23 yuan, which was lower than the net profit attributable to common shareholders of listed companies in the first quarter of 2019 58.72%. During the reporting period, due to the impact of the new coronavirus epidemic, strict epidemic prevention and control measures were implemented in many places across the country. The company and upstream and downstream companies in the industry have delayed resumption of work and production, logistics blocked, suppliers’ untimely supply, and on-hand orders postponed The delivery has caused the company’s first quarter performance to be affected in stages.
In the first quarter of 2020, revenue of 393 million yuan was realized, mainly due to the company’s strategic layout in 2019. Orders increased in the fourth quarter of 2019, and some orders realized revenue in the first quarter of 2020. At the same time, benefiting from the appreciation of the U.S. dollar, the company realized an exchange gain of RMB 5.87 million, which had a positive impact on the company’s performance growth. The impact of the company’s non-recurring gains and losses on the company’s net profit in the first quarter was approximately RMB 6.58 million, mainly due to the receipt of government subsidies.
The net profit attributable to shareholders of listed companies in the first quarter of 2020 has dropped significantly year-on-year, mainly because the first quarter is generally a low season for sales in the marketing and advertising industry, and coupled with the impact of the new coronavirus pneumonia epidemic, the resumption of work of each subsidiary has been delayed. Revenue fell sharply compared to the same period last year, resulting in large losses for the company. In addition, the disposal of subsidiaries and other matters also caused certain non-operating losses for the company. As the country resumes work and production, it is expected that the company’s subsequent operations will gradually improve.
Compared with the same period last year, the main reason for the decline in net profit for the current period: the new coronavirus pneumonia epidemic has delayed the resumption of work during the Spring Festival holiday, and the production and operation of the company, its major customers and major suppliers are affected to a certain extent in the short term. The company¡¯s raw material procurement, product production, delivery, logistics and transportation have been affected by the delayed resumption of work and the epidemic, which has been delayed compared to the normal schedule; downstream customers are affected by the delayed resumption of work and the epidemic, which affects the company¡¯s product installation, commissioning and acceptance cycle Also delayed accordingly, new orders need to be reduced. In the first quarter of 2020, in addition to the growth of financial technology business revenue, the LED display and smart lighting business revenues have both declined significantly.