Liad's revenue in the first three quarters exceeded 1.1 billion, and the full-year net profit is expected to exceed expectations.

[Text / high-tech LED Yue Mengdi] On the evening of October 20th, Liard (300296), whose main business is LED display, first released the third quarterly report. According to the report, in the third quarter of 2015, Liard's operating income reached 523 million yuan, an increase of 68.12% over the same period of 2014, and a net profit of 103 million yuan, a year-on-year increase of 182.67%.

Liard said that the company's operating income in the first three quarters (January 1, 2015 - September 30, 2015) reached 1.124 billion yuan, a year-on-year increase of 55.41%, mainly due to the increase in orders and acceptance items in the report. External income increased year-on-year; at the same time, due to the rapid growth of Jinda Lighting (compared with June-September of the previous year), and the acquisition of Lifeng Culture, Jinlixiang and Pineng Optoelectronics, the revenue was increased compared with the previous period. The increase in net profit was mainly due to the increase in operating income and non-operating income during the reporting period.

Specifically, the three quarterly reports of Liard Deli are mainly due to two factors of endogenous outsourcing.

The endogenous side focuses on the development of small spacing. In the first three quarters of 2015, Liard's small-pitch TV confirmed revenue of 400 million yuan, up 26.68% compared with the same period of last year. Due to the high gross profit margin of overseas projects, small-pitch TV still maintains a high gross profit margin of 41.53%; as of the announcement of this report On the day, the small-distance TV newly signed a single 7.1 billion yuan. On the other hand, domestic LED small-pitch TVs will be launched, and will be gradually expanded according to the stability of the products.

Liard said that LED small-pitch TV orders are in line with expectations and will complete the 1.1 billion order target.

At the same time, overseas revenues were confirmed at 261 million yuan during the reporting period, an increase of 68.25% over the same period of the previous year. Overseas revenue accounted for 23.26% of the company's main business income.

In terms of outreach mergers and acquisitions, Liard is holding high and high this year. The tentacles are no longer limited to domestic cross-border mergers and acquisitions, but go overseas and acquire 100% equity of PLANAR in the United States.

Schedule 1: Profits of subsidiaries in the reporting period:

The three-year layout of Liard's "four-wheel drive strategy" has been completed, the company's development direction and development ideas are quite clear, and the four-wheeled sector goes hand in hand, providing the greatest support for the company's rapid development. The cultural tourism performance PPP will serve as a “four-round integration innovation model” and become a new growth point for the company's performance.

Schedule 2: Revenue of each section during the reporting period:

In addition to the rapid growth of the small-pitch market, in the field of cultural media, intelligent lighting and other fields, Liard also actively entered the military market. The third quarterly report shows that from the official launch of the small spacing in 2012 to the announcement of this report, the small-pitch TV has achieved a total revenue of 207 million yuan in the military industry market.

Liard said that from the current orders of various subsidiaries, the company's 2015 net profit will exceed the target of 300 million yuan set at the beginning of the year, and the net profit is expected to achieve 100% growth from the previous year.

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