Following a downturn in 2012 and a recovery in 2013, the LED display industry ushered in a golden age in 2014. Recently, six A-share listed LED display companies—Unilumin Technology, Absen, Lehman Optoelectronics, AOTO Electronics, Lianjian Optoelectronics, and Leyard—released their preliminary 2014 financial reports, showing significant increases in both revenue and net profit compared to the previous year.
Among them, Unilumin Technology, Absen, Lianjian Optoelectronics, and Leyard achieved revenues approaching or exceeding 1 billion RMB in 2014, breaking the bottleneck of the LED display industry's past two decades where revenue rarely surpassed 1 billion RMB. In 2014, Unilumin Technology reported operating revenue of 972 million yuan and net profit of 61.5 million yuan. During the reporting period, the company achieved total operating revenue of 972.041 million yuan, an increase of 23.21% year-on-year; operating profit of 86.6369 million yuan, an increase of 134.07% year-on-year; total profit of 96.8794 million yuan, an increase of 97.29% year-on-year; and net profit attributable to shareholders of the listed company of 61.5083 million yuan, an increase of 86.55% year-on-year.
During the reporting period, the company's main business developed well, the market scale continued to expand, and the overseas business platform was completed. Sales revenue and performance achieved rapid growth. Absen's 2014 operating revenue was 1.07 billion yuan, and net profit was 157 million yuan. The company's 2014 preliminary financial report shows revenue of 1.07 billion yuan, a year-on-year increase of 46.68%; operating profit of 183 million yuan, a year-on-year increase of 42.12%; and net profit attributable to shareholders of the listed company of 157 million yuan, a year-on-year increase of 37.38%, in line with expectations.
Absen stated that in 2014, the company fully leveraged its core competitive advantages, focused on its main business, and continuously expanded domestic and international markets. The company's LED full-color display screen sales orders reached 1.07 billion yuan for the year.
Lehman Optoelectronics' 2014 operating revenue was 405 million yuan, and net profit was 27.1 million yuan. Lehman Optoelectronics released its preliminary financial report on February 28th. In 2014, the company achieved total operating revenue of 405 million yuan, a year-on-year increase of 15.62%; net profit attributable to shareholders of the listed company was 27.1012 million yuan, a year-on-year increase of 55.48%.
Lehman Optoelectronics stated that the main reason for the increase in total operating revenue was the smooth market expansion of the company and its acquired subsidiaries during the reporting period, and the inclusion of acquired subsidiaries in the consolidated financial statements. Due to the completion of new EMC contract energy management projects during the reporting period but delayed acceptance, coupled with increased investment in the sports industry and the provision of LED displays for a China League One football club stadium, related project pre-sales and asset costs were included in current profit and loss, significantly impacting net profit.
Aoto Electronics reported operating revenue of 397 million yuan and net profit of 70.86 million yuan in 2014. Aoto Electronics' preliminary earnings report released on February 27 showed that the company achieved a net profit of 70.8625 million yuan in 2014, a year-on-year increase of 47.24%. Earnings per share were 0.32 yuan.
During the period, the company achieved operating revenue of 397 million yuan, a year-on-year increase of 41.85%. Aoto Electronics stated that the performance change was mainly due to increased sales revenue. Lianjian Optoelectronics reported operating revenue of 973 million yuan and net profit of 142 million yuan in 2014. Lianjian Optoelectronics released its 2014 preliminary financial results, showing total operating revenue of 973 million yuan, a year-on-year increase of 66.23%.
Operating profit reached 168 million yuan, a year-on-year increase of 1,122.59%. This was mainly due to the inclusion of Fenshi Media's operating profit from May to December 2014 in the consolidated financial statements; as well as increased operating profit in the LED display segment and reduced losses in Liandong Culture's advertising business. Net profit attributable to shareholders of the listed company was 142 million yuan, a year-on-year increase of 773.35%, mainly due to the inclusion of Fenshi Media's net profit of 90.5146 million yuan from May to December 2014 in the consolidated financial statements; excluding the impact of Fenshi Media, the company's net profit attributable to shareholders of the listed company in 2014 was 51.5509 million yuan, a year-on-year increase of 217%.
Leyard reported 2014 revenue of 1.19 billion yuan and net profit of 162 million yuan. Leyard recently released its 2014 preliminary financial results, showing total revenue of 1.19 billion yuan, a 52.90% increase year-on-year; operating profit of 163 million yuan, a 128.33% increase year-on-year; total profit of 196 million yuan, a 111.41% increase year-on-year; and net profit attributable to shareholders of the listed company of 162 million yuan, a 101.62% increase year-on-year.