Ledman Optoelectronics announced its 2019 semi-annual report, with both revenue and net profit increasing

On August 15, Ledman Optoelectronics announced its 2019 semi-annual report. The company achieved operating income of 435 million yuan, an increase of 25.35% over the same period last year; net profit attributable to ordinary shareholders of the listed company was 18.74 million yuan, an increase of 60.60% over the same period last year.

Among them, the company's LED display products achieved operating income of 209 million yuan, a year-on-year increase of 39.76%. LED lighting products achieved operating income of 213 million yuan, a year-on-year increase of 26.36%.

The announcement shows that the main reason for the company's performance growth during the reporting period is that the company focused on the main high-tech LED business, continued to increase the R&D, production and marketing of independently innovative Micro LED display products based on COB packaging technology, and continued to strengthen the domestic and foreign market development of LED application products. The company's overall sales scale continued to grow steadily; at the same time, the company promoted cost and expense control, and the comprehensive gross profit margin increased slightly, achieving cost reduction and efficiency improvement.

The company stated that during the reporting period, the company continued to increase its investment in research and development and in-depth development of Micro LED high-definition display products based on COB packaging technology, and continued to optimize and improve the product solution structure.