Pengding Holdings: Q3 net profit of 1.045 billion yuan, up 77.86% year-on-year

On October 29, Pengding Holdings released its 2021 third-quarter report. In the first three quarters, the company achieved total operating revenue of 21.014 billion yuan, a year-on-year increase of 20.31%; net profit attributable to shareholders of the parent company was 1.678 billion yuan, a year-on-year increase of 21.68%; and earnings per share was 0.72 yuan.

In the third quarter, the company achieved operating income of 9.049 billion yuan, a year-on-year increase of 23.1%. Net profit attributable to shareholders of listed companies was 1.045 billion yuan, a year-on-year increase of 77.86%. Basic earnings per share was 0.45 yuan, a year-on-year increase of 73.08%.

In terms of monthly revenue, Pengding Holdings' consolidated operating income in September 2021 was 3.37 billion yuan, an increase of 27.76% from the consolidated operating income in the same period last year, and has maintained a growth trend for five consecutive months.

Previously, its consolidated operating income in August was RMB 3.162 billion, an increase of 34.17% over the same period last year; its consolidated operating income in July was RMB 2.515 billion, an increase of 6.78% over the same period last year; and its consolidated operating income in June was RMB 2.173 billion, an increase of 8.00% over the same period last year.

When accepting institutional research, Pengding Holdings stated that Miniled backlight panels will start mass production in the second quarter. In the second half of the year, as the yield rate further improves, it will bring incremental revenue and profits to the company.