As two leading companies in the LED display industry, Leyard and Unilumin Technology have demonstrated strong strength in different fields and aspects, and it is difficult to simply judge which company is stronger. The following is a detailed comparison of the two companies:
Leyard
Company Overview
* Founded in 1995, Leyard Group is a global leader in visual technology products and cultural applications.
* Listed on the Shenzhen Stock Exchange in 2012 (stock code 300296), with nearly 5,000 employees, 10 major production bases and nine R&D centers around the world.
Market Position
* Leyard has ranked first in the global LED display market share, first in small-pitch market share, and first in indoor LED market share for seven consecutive years.
* The business covers three major sectors: smart display, new cultural and tourism formats, AI and virtual reality, and provides visual products and services for many major domestic and international events.
Technological Innovation
* Leyard is the world's first company with the most advanced LED small-pitch original technology, with nearly 2,600 patents.
* In the field of Micro LED, Leyard has also made remarkable achievements, such as the release of mass-produced P0.6 Micro LED products and the first commercialization of Micro LED.
Financial performance
* In 2023, Leyard achieved operating income of approximately RMB 7.615 billion, a year-on-year decrease of 6.61%; net profit attributable to the parent company was approximately RMB 286 million, a year-on-year increase of 1.60%.
Unilumin Technology
Company profile
* Founded in 2004, Unilumin Technology is an outstanding supplier of optical display technology. It integrates a number of cutting-edge technologies to provide industry-level optical display products and professional scene solutions for global optical display scenes.
Market position
* Unilumin Technology occupies an important position in the LED display market, especially in full-color screen shipments. In 2023, full-color screen shipments ranked first, with revenue of up to RMB 7.4 billion.
* It has also made remarkable achievements in the fields of XR virtual production and naked-eye 3D content, providing technical support for many phenomenal literary and artistic products.
Technological innovation
* Unilumin Technology focuses on technological innovation and application empowerment, and continuously launches innovative technology products, such as the world's first "light display content security broadcast control full process solution" and multimodal AI interactive digital human.
Financial performance
* Revenue in 2023 is as high as 7.4 billion, revenue in the first quarter of 2024 is 1.492 billion, and net profit attributable to the parent is 19 million. Although it has declined year-on-year, its technical strength and market influence cannot be underestimated.
Comprehensive comparison
* Market position: Both companies have a leading position in the LED display market, but Leyard has a more outstanding performance in market share.
* Technological innovation: Both companies focus on technological innovation. Leyard has a leading advantage in the field of LED small pitch and Micro LED, while Unilumin Technology has made achievements in XR virtual production, naked eye 3D content and other fields.
* Financial performance: In terms of revenue scale, Leyard is slightly better; but in terms of net profit growth rate, the two companies have fluctuations.
In summary, both Leyard and Unilumin have strong strengths in the LED display industry, and each has unique advantages in different fields and aspects. Therefore, it is impossible to simply judge which company is stronger, but to choose the right partner based on specific needs and concerns.