On August 26, Absen released its 2016 semi-annual performance report. During the reporting period, the company achieved total operating income of 509 million yuan, an increase of 11.69% over the same period last year. The net profit attributable to shareholders of the listed company reached 60.7644 million yuan, an increase of 37.60% over the same period last year. LED display operating revenue was 450 million yuan. A year-on-year increase of 10.97%.
Absen said that this performance growth is mainly due to the expansion of sales scale and optimization of sales structure.
1) Strengthen the development of the display market and achieve rapid growth in the main business
With the continuous advancement of LED display technology and the decline in manufacturing costs, the application fields of LED displays are becoming more and more broad. With the Rio Olympics, European Football Cup, America's Cup and other major international sports events held in 2016 and their accompanying promotional activities, the market demand for LED displays has been effectively stimulated. During the reporting period, the company’s display screen sales signed a total of approximately 586 million yuan, a year-on-year increase of approximately 22%.
2) Orders for small-pitch display screens continue to improve
As one of the first domestic companies to enter the field of small-pitch display screens, the company's small-pitch products have always been at the forefront of the industry in terms of technology research and development, manufacturing processes and overseas market development. The continuous advancement of technology and the reduction of costs have effectively promoted the market promotion of small-pitch products. Small-pitch LED displays have become the highlight of industry development. They are widely used in video conferencing, exhibition displays, indoor advertising, command and control and other fields.
3) The operating performance of display screen hotels increased significantly year-on-year
During the reporting period, the company conducted in-depth analysis and integration adjustments, optimized collaborative relationships with hotels, improved the conversion rate of operating sessions, expanded the display hotel business in a targeted manner, and at the same time terminated cooperative relationships with some hotels.
4) Improve international management level and improve overseas operation capabilities
The company has been focusing on overseas business for a long time, and overseas sales directly affect the company's overall operating conditions. In order to expand Absen's global influence, the company has been working hard to build and improve a global corporate structure and operating mechanism.
ANNA