Answer: Through years of intensive cultivation and rational layout of overseas markets, the company has created differentiated brand advantages and effectively enhanced its competitiveness in overseas markets. Overseas markets are showing a good growth trend, with operating income of 2,930.8814 million yuan in 2024, an increase of 13.78% compared with the same period in 2023. Among global LED display providers, Absen is one of the brands with the most complete category portfolio and one of the brands with the highest global geographical coverage. The company has been deeply exploring overseas markets for many years, has achieved steady and long-term development, and has become an excellent example of Chinese brands going overseas. The industry has faced uncertain challenges such as financial crises, geopolitics, and health events in overseas markets. The company has effectively hedged the risk of fluctuations in individual markets by relying on its global multi-regional platform layout. The company's overseas operating income has maintained double-digit growth for three consecutive years, with a three-year compound annual growth rate (CAGR) as high as 43%. The three-year CAGR in Europe, North America, Asia, Africa and Latin America has exceeded 30%. The steady growth in various regions around the world has once again demonstrated the international influence of the Absen brand and laid a solid foundation for its further expansion of global development.
Q: Please introduce the current business situation of the company?
Answer: The company is the world's leading provider of LED display applications and services, providing customers with a full range of LED large-screen display products and professional audio-visual solutions. From outdoor to indoor, from rental mode to fixed installation, LED display screens come in various forms and have rich product lines. The company is committed to becoming "the most"True LED display application and service provider" currently has product lines such as advertising, stage, ProAV and iCon smart screens and professional audio-visual solutions. The company integrates R&D, design, production, sales and service, and has established a complete global marketing and service network, with leading technical reserves, high-end brand image and good industry reputation. In addition to the above display business, the company's energy storage business has also made phased progress. Absen Energy Storage Business Committed to providing customers with safe, smart, sustainable green energy storage products and services, its business covers the fields of household energy storage and industrial and commercial energy storage. In 2024, new products will be developed and certified, and domestic and overseas marketing and channel layout work will be carried out. Relying on the parent company's global market layout advantages, the energy storage product sales and service network has successively reached the European, Asia-Pacific and domestic markets, and has successfully delivered multiple commercial projects at home and abroad.
Q: Please introduce the dividend situation in 2024 and when will the equity distribution be implemented?
Answer: The company attaches great importance to reasonable investment returns for investors and takes into account the company's sustainable development. It has formulated a sustained, stable and positive profit distribution policy to actively give back to shareholders. The profit distribution plan for 2024 has been reviewed and approved by the board of directors and the general meeting of shareholders. The profit distribution plan for 2024 is as follows: based on the existing total share capital of 369,100,317 shares, a cash dividend of 1.5 yuan (including tax) will be distributed to all shareholders for every 10 shares, with a total cash dividend of 55,365,047.55 yuan. The equity registration date for this equity distribution is May 27, 2025, and the ex-rights and dividend date is May 28, 2025. For more detailed information, please refer to the disclosed "Announcement on the 2024 Annual Profit Distribution Plan" and "2024 Annual Equity Distribution Implementation Announcement".
Q: Please introduce the company’s current development strategy?
Answer: The company's development strategy is to attract high-quality customer groups and rapidly expand business scale and brand influence through technologically advanced, genuine LED display products, full life cycle scenario-based services, and a global marketing network.. The company will continue to consolidate and enhance six core competitiveness to support the implementation of the strategy: maintain technological leadership; exert brand influence; build a service moat; create cost competitive advantages; expand sales channel network; and inherit organizational cultural cohesion.
Q: What is the future development of the LED industry?
Answer: The global LED display market is growing steadily. According to data from TrendForce's "2025 Global LED Display Market Outlook and Price and Cost Analysis", the global LED display market is expected to reach approximately 53.5 billion yuan in 2024, and is still in a continuous growth trend. After excluding unit price adjustment factors, the actual production and sales (area) of display screens still maintain a double-digit growth rate, and the global penetration rate of LED displays is also constantly increasing. With the continuous innovation of LED display technology and the continuous improvement of cost performance, the industry continues to expand. With new market segments and application boundaries, the global market size is expected to continue to maintain a steady growth of approximately 8% in the next few years;
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