Export order demand continues to increase, Leman Optoelectronics' net profit in the first three quarters is expected to increase

On October 10, Leman Optoelectronics released its performance forecast, estimating that the net profit attributable to shareholders of the listed company in the first three quarters of 2021 will be 41 million yuan to 51 million yuan, a year-on-year increase of 6478.95% to 8083.57%.

It is reported that Leman Optoelectronics has been deeply engaged in ultra-high-definition display and leading the innovation of Micro LED products based on COB technology. The latest independently innovated and developed Micro LED private giant-screen theater has become a milestone for the company's ultra-high-definition display products to enter the consumer C-end, marking that the company has initially formed a full-dimensional ecological layout of three product tracks and product lines: professional display, commercial display, and civil display, which is expected to further consolidate the company's business development foundation.

Regarding the significant year-on-year increase in performance, Leman Optoelectronics stated that the company continued to maintain its competitive advantage in overseas markets and strengthened its coverage of international regional markets. In the first three quarters of 2021, the demand for export orders continued to increase, achieving year-on-year growth in overseas business revenue; and actively explored the domestic market. Driven by the new ultra-high-definition visual revolution of 5G+8K, it strengthened the construction of domestic regional sales networks and showrooms, enhanced experiential marketing, focused on customer needs, and continued to increase its market share in COB dedicated and commercial display applications, thereby driving rapid growth in domestic operating income.

At the same time, it is estimated that the impact of non-recurring gains and losses on the net profit attributable to shareholders of the listed company in the first three quarters of 2021 will be approximately RMB 7.2 million.