Ledman(SZ:300162)2022-11-21 15:42Financial Performance - In the first three quarters of 2021, the company achieved operating revenue of 9.23 billion CNY, a year-on-year increase of 40.59% [3] - The net profit attributable to shareholders was 4,510.35 million CNY, with a significant year-on-year growth of 7,137.19% [3] - The company's gross profit margin for the third quarter was 24.04%, showing a continuous quarter-on-quarter improvement [3] Business Growth Drivers - Domestic Micro LED ultra-high-definition display business saw rapid growth, with total revenue of 3.88 billion CNY, an increase of 88% year-on-year [4] - Revenue from Micro LED ultra-high-definition display based on COB technology reached 2.97 billion CNY, up 95% year-on-year, with domestic Micro LED revenue growing by 102% [4] - Overseas business revenue for the first three quarters was 5.35 billion CNY, a year-on-year increase of 19%, with LED display business revenue growing by 46% [4] Product Development and Market Strategy - The company launched commercial smart conference integrated systems and home Micro LED private cinema, establishing a comprehensive layout across three product tracks [4] - The COB technology is positioned as a key manufacturing technology for small-pitch displays, with a production yield exceeding 98% for the COB package [5][6] - The company plans to expand its product offerings to cater to different consumer segments in the home display market [7] Market Position and Future Outlook - The company holds a competitive advantage in the Micro LED display market, particularly in small-pitch applications, due to its early entry and technological reserves [8] - The company aims to enhance its market share in specialized displays while expanding into commercial and consumer display sectors [8] - Recent government policies promoting ultra-high-definition video are expected to accelerate industry growth, providing opportunities for the company [6][7]