Ledman Optoelectronics expects net profit of 46 million to 59 million yuan in 2021

On the evening of January 18, Leman Optoelectronics released its 2021 annual performance forecast. It is expected to achieve operating income of 1.25 billion yuan to 1.32 billion yuan in 2021, a year-on-year increase of 52.7%-61.2%; it is expected to achieve a net profit attributable to shareholders of listed companies of 46 million yuan to 59 million yuan, of which the net profit after deducting non-recurring gains and losses is 29.5 million yuan to 42.5 million yuan.

Ledman Optoelectronics has been deeply engaged in the next generation of Micro LED ultra-high-definition display and continuously improving the ultra-high-definition display product matrix. During the reporting period, it launched a series of industry-leading Micro LED ultra-high-definition display products with independent intellectual property rights. The company has realized the strategic layout of coordinated advancement of the three major tracks of Micro LED ultra-high-definition field, namely dedicated display, commercial display and home display, further consolidating the foundation for the company's business development.

Regarding the performance changes, it pointed out that under the background of the development of the ultra-high-definition industry policy of 5G+8K, the company's domestic market development has achieved remarkable results, its market share in the basic dedicated display track has continued to increase, and the commercial display track has gradually increased, thereby driving rapid growth in operating income.

At the same time, we will continue to maintain our competitive advantages in overseas markets and strengthen coverage of international regional markets. The demand for export orders will continue to increase in 2021, and overseas business revenue will increase year-on-year.

In order to cope with the adverse effects of rising raw material prices, Leman Optoelectronics has implemented a number of targeted response measures such as procurement and R&D linkage, cost reduction and efficiency improvement, which have alleviated cost pressure to a certain extent; at the same time, due to the increase in shipments of high value-added products, the overall gross profit margin of the company's products has increased steadily.