LED applications expand into the field of lighting


In recent years, listed companies have announced that they will have a good performance in the secondary market. However, Liard’s (300296) stock plan has only accepted one day’s daily limit, and turned down the next day. The amount can be doubled from the previous day, and the trend is also behind the broader market. The company's acquisition is facing a recovery in the LED industry, which should be affirmed by the market, so why is the capital market not stunned?
The additional issuance plan for the additional development of Jinda Lighting's outreach development shows that Liard will acquire a total of 7.61 million shares of cash and a total of RMB 200 million to acquire Jinda Lighting 100 shares at a price of 19.95 yuan per share. At the same time, it is planned to be no less than 17.95 yuan per share. The additional funds raised will not exceed 67.5 million yuan, of which 50.625 million yuan will be used to pay cash considerations. The surplus will be used to support the development of Jinda's main business and improve the integration efficiency after mergers and acquisitions. Jinda Lighting is a provider of integrated lighting solutions. Strategic customers include Shenzhen Stock Exchange, SZI (Wal-Mart), Shangri-La Hotels and Resorts, and Hong Kong Hutchison Whampoa. From January to September 2013, net profit was 11.1955 million yuan. Can achieve a net profit of 175.517 million yuan. In addition, the counterparty promised that the net profit realized by Jinda Lighting for four years from 2013 should not be less than 15 million yuan, 22.5 million yuan, 29.25 million yuan and 38.03 million yuan respectively. If the promise is not fulfilled, the counterparty will compensate.
Liader is a leading company in the field of LED applications in China. Its products mainly include LED full color display products, system display products, creative display products, LED TVs, LED lighting products and LED backlight identification systems. The company is in a dominant position in the competition for large, medium and high-end LED application projects, especially in the field of LED small-pitch TV products. The 2013 third quarter report showed that the company's sales in the international market increased significantly. From January to September, international business orders were 143 million yuan, and revenue was confirmed to be 105 million yuan, an increase of 80.69. The net profit confirmed in the fourth quarter is expected to increase significantly. In addition, from January to September, LED small-pitch TV signed an order of 203 million yuan, achieving sales income of 115 million yuan, an increase of 33.04, a gross profit margin of 36.37, becoming the main force of operating income. The performance commitment of this acquisition will significantly improve the company's future performance.
Liard plans to scale the LED lighting business revenue in the future with LED display revenue. The company's acquisition will accelerate the outreach development of the company's LED lighting business segment with the technical advantages, channel resources and customer resources of Jinda Lighting. Relevant industrial policies show that relevant national ministries and commissions will promote the implementation of green lighting projects and implement semiconductor lighting energy-saving industrial planning. Therefore, the lighting engineering industry in which Jinda Lighting is located has a broad market development space.
The development prospects of the world's largest 4K HDTV can be understood. At present, LED TVs that consumers generally know are still LCD panels, but LED backlight modules have replaced traditional backlights, so they still belong to traditional LCD LCDs. The TV category is not a true LED TV. Liard's independent research and development of LED TV as a true LED panel self-illuminating TV, is the world's first achievement in the field of LED display, with independent innovation core technology and intellectual property, the world's smallest point, the highest clarity of LED TV Leading the development of the global LED TV industry, representing the most advanced technology level in the LED display industry.
The LED small-pitch TV developed by Liard Company was put into the market in 2012. It has the advantages of high brightness, no seam-free shape, long life, high efficiency and energy saving, wide viewing angle, short response time, light weight and stereo display. Adapted to customer needs, also added touch function. In 2012, the company signed a total of nearly 200 million sales orders, and confirmed revenue of 153 million yuan during the reporting period, with a gross profit margin of 36.71. The company's self-developed LED small-pitch TV products are divided into 4mm, 3mm, 2.5mm, 1.9 according to the pixel pitch. Mm, 1.6mm, in 2013, the company developed a smaller pitch 1.2mm product, which has entered the stage of small batch production. In July of this year, the company released the world's largest 288-inch 4K high-definition LED TV and 144-inch and 110-inch standardized TV, with a pixel pitch of 1.6mm / 1.9mm / 2.5mm, the first in the world, LED TV can reach a high refresh rate of 3840Hz . The company's LED large-size TV industrialization has passed the acceptance of the expert group. In 2013, the company expects to achieve an output value of 500 million yuan. In 2012, the company's main revenue was 569 million yuan. Small-pitch TV will become an important pillar of the company. With the release of LED standard TV, the company plans to enter the high-end civilian market in the fourth quarter of 2014. The company will fully benefit from the industry growth with its first-mover advantage.
Lid, who is involved in the development of video broadcast control system, has won several CCTV studio background projects this year. The CCTV-16 foreign language channel news studio project and the CCTV-4 news studio project are CCTV news broadcasts. For the first time, the room uses LED 2.5mm small-pitch products as the background screen. This shows that the LED display product technology developed by the company has reached the demand for high-demand studios in China, and has the conditions for promotion to high-end users in the broadcasting industry.
This month, Liard plans to acquire an equity of 100 billion yuan in the interconnection of Yida 100. Connected Yida is a provider of LED display and control system solutions for the broadcast and television industry. Interconnected Yida has established cooperative relationships with 38 provincial and municipal TV stations such as CCTV and Hunan TV, providing display and control solutions for TV studios, studios and other venues. Interconnected Yida expects net profit for November to December 2013, 2014 and 2015 to be no less than 5 million yuan, 7 million yuan and 10 million yuan respectively. If it fails to meet the standards, it will compensate the company. This will help further enhance the company's market share in the field of radio and television and its leading position in the industry.

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