On January 5, Liard (300296) released a performance forecast. The company expects the net profit attributable to shareholders of listed companies from January to December 2017 to be 1.104 billion to 1.237 billion, a year-on-year change of 65.00% to 85.00%, and the average net profit of the optical optoelectronics industry. The growth rate is 113.73%.
The company made the above prediction based on the following reasons: In 2017, the company mainly relied on the overall growth of endogenous business, the synergy effect of each sector was significant, and the main business orders and operating income continued to maintain rapid growth. The company's new orders for new and new winning bids in 2017 reached 10.2 billion yuan, 17% more than the target orders (8.75 billion) set at the beginning of the year, of which small-interval orders were about 2.75 billion yuan, up 51% from the same period last year.
Due to the increase in the exchange rate of the euro against the renminbi, the exchange losses arising from the acquisition of overseas loans by NATURALPOINT are expected to have a greater impact on net profit.
The company attaches great importance to and strengthens the collection efforts. It is estimated that the net cash flow of operating cash in 2017 will be about 700 million yuan, which is more than 50 times higher than that of the same period of last year; the company's main financial indicators will be comprehensively improved.
Liard was listed in 2012, and the “four-wheel drive†strategy with LED application as the core has been reached in 2013-2015. In order to maximize the company's products and sound and light technology, the company's strategy was upgraded to "Cultural Technology + Finance" in 2016-2018, and it was built by cooperating with the government to build a "happy city." Following the impressive performance of doubling profits in 2016 for three consecutive years, in 2017, the company continued to build a “happy city†around its development strategy.
In 2017, Liard maintained a high-speed and healthy development momentum, which is reflected in:
“Happy City†business segment grows rapidly
During the reporting period, the economic growth rate of night travel remained above 100%, in line with the company's expectations for the night market economy market, and the gross profit margin increased by 4.97 percentage points over the same period of the previous year; smart display and cultural tourism revenue growth rate exceeded 20 %, in line with the company's plan for the beginning of the year, the cultural tourism gross margin increased by 5.93 percentage points over the same period of last year; the VR experience still maintained a high gross profit margin of nearly 80%.
LED small-pitch TV growth is in line with expectations
As of October 20, the new signing of small-pitch TV was 2.11 billion yuan, an increase of 54% over the same period of last year. From January to September 2017, the revenue was confirmed to 1.309 billion yuan, a year-on-year increase of 59%. During the reporting period, small-pitch TV The gross profit margin remained at 38.38%, and it is always in the absolute advantage of leading the global market share.
During the reporting period, the small-distance TV confirmed income of 1.309 billion yuan, the proportion of domestic and overseas income was basically the same as that of the same period of last year, but the overseas growth rate was faster than that of the domestic market, indicating that the penetration rate of the small-distance TV overseas market gradually increased.
As of October 20, the United States Pingda signed a new 1.26 billion yuan in 2017, of which 320 million yuan of small-pitch TV, accounting for 25.4%. From January to September 2017, the United States Pingda achieved operating income of 1.269 billion yuan, net profit of 140 million yuan; LED small-distance TV revenue increased to 20.09%, the United States Pinda's sales channels are gradually opening up for Liard International The market has a positive impact.
The sales of LED small-pitch TV channels have become increasingly mature. During the reporting period, the channel sales model has a revenue of 221 million yuan, which is twice the revenue of 2016. The channel sales model is progressing smoothly, which can effectively improve the company's operating cash. Net flow.
Night travel economy is not losing momentum
It increased by 133% in the same period of last year and is expected to achieve orders of 2.5-300 million in 2017. During the reporting period, the night travel economy confirmed revenue of 1.146 billion yuan, an increase of 134% over the same period of last year. The gross profit margin reached 41.13%, an increase of 4.97 percentage points from 36.16% in the same period of last year. The national characteristics of demand are more obvious.
Cultural tourism catches up
As of October 20, 2017, the new signing and new winning bids for the cultural sector amounted to 710 million yuan, an increase of 84% over the same period of the previous year; the revenue during the reporting period was 313 million yuan, an increase of 21% over the same period of the previous year; the gross profit margin increased to 45.38. %, an increase of 5.93 percentage points over the same period of the previous year.
The cultural tourism business sector has a long incubation period and implementation period. After the marketing in 2015-2017, it is expected that cultural tourism orders will experience explosive growth in 2018. Moreover, the company has been looking for quality partners and enriching the business content of the cultural tourism sector, which will be implemented when the investment opportunity is ripe.
VR experience
From February to September 2017, NP Company, as the main company of the Ryder Group VR business, realized operating income of 164 million yuan, net profit of 50.61 million yuan, net profit increased by 44.54% over the same period of the previous year, and the gross profit margin remained at 78. %; As of October 20, 2017, the new signing of 200 million yuan; is expected to achieve a net profit of 80 million yuan in 2017.
In combination with the technology and product advantages of the VR company and its holding company, the company has continuously introduced new VR industry solutions and implemented them in cultural tourism projects.
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