With strong demand for its main products, Shenzhen Tianma's net profit is expected to increase by 99% in 2020

On January 13, Shenzhen Tianma released its performance forecast, stating that the company expects its net profit attributable to shareholders of listed companies in 2020 to be 1.45 billion yuan to 1.65 billion yuan, a year-on-year increase of 74.83% to 98.95%. The company made a profit of 829 million yuan in the same period last year.

Shenzhen Tianma stated that the company has accelerated product upgrades through technological innovation, continuously optimized product structure, and continuously increased the proportion of high value-added product shipments. In the face of the challenges posed by the sudden outbreak of the new coronavirus pneumonia epidemic to the development of the industrial chain, the company has made every effort to ensure delivery. Coupled with the promotion of 5G, the company has seized market opportunities and there is strong demand for its main products. At the same time, it has continued to deepen its cost improvement efforts, effectively improving its operating quality and profitability.

Currently, Shenzhen Tianma owns or is building 2nd to 6th generation TFT-LCD (including a-Si, LTPS) production lines, 5.5th generation AMOLED production lines, 6th generation LTPS AMOLED production lines, as well as TN and STN production lines.

In 2020, due to the impact of the epidemic, Shenzhen Tianma's mobile phone, car-mounted and other businesses were affected to a certain extent, but at the same time, it also brought about a substantial increase in demand for medical products, and working from home and remote education led to an increase in demand for products such as laptops and tablets, thereby boosting its performance.

Shenzhen Tianma stated that in the future, the company will take mobile smart terminals represented by smartphones, tablets, and smart wearables as the company's core business, automotive as the key business for the company's transformation and growth, and industrial products (medical, HMI), horizontal market segments, vertical upstream and downstream of the industrial chain, and non-display applications as the company's value-added businesses.