OPPLE, Tubao, and Leyard release Q3 reports: which company has the strongest performance?
On the evening of October 28, OPPLE Lighting released its Q3 performance announcement, stating that revenue for the first three quarters of 2020 was approximately RMB 5.23 billion, a year-on-year (YoY) decrease of 9.35%; net profit was approximately RMB 509 million, a year-on-year (YoY) decrease of 15.46%.
Leyard disclosed its Q3 report: Revenue for the first three quarters reached RMB 4.487 billion, a Year-on-year (YoY) decrease of 28.94%; Net profit was RMB 316 million, a Year-on-year (YoY) decrease of 60.63%. In the third quarter, Revenue was approximately RMB 1.587 billion, a Year-on-year (YoY) decrease of 29.87%; Net profit was approximately RMB 90.8309 million, a Year-on-year (YoY) decrease of 64.40%.
By business segment, from January to September, the company's smart display revenue reached RMB 3.492 billion, with its share further increasing to 78%. Meanwhile, Micro LED revenue is gradually emerging, with Micro LED display revenue reaching RMB 12.5949 million, of which RMB 9.0108 million was generated in July–September, representing a 151% quarter-on-quarter growth. The night-time economy achieved revenue of RMB 545 million, accounting for 12%. New cultural tourism formats achieved revenue of RMB 263 million, accounting for 6%; VR experiences achieved revenue of RMB 180 million, accounting for 4%.
Leyard stated that Q3 Revenue decreased by 5.79% quarter-on-quarter compared to Q2 Revenue, mainly due to reduced revenue recognition in the night tourism and cultural tourism sectors caused by delayed project settlements, and a continued decline in overseas revenue due to the overseas pandemic.
Net profit in the third quarter decreased significantly compared to the second quarter, mainly due to the following reasons: (1) In the third quarter, domestic revenue decreased by 6.77% quarter-on-quarter due to reduced recognized revenue in the night tourism and cultural tourism sectors, while overseas revenue decreased by 3.16% quarter-on-quarter due to the pandemic, resulting in a total company revenue decrease of RMB 97.46 million; (2) In the third quarter, smart displays maintained their original gross profit margin level, with a month-on-month increase of 0.68%. However, due to project settlement reasons, the gross profit margins for night tourism and cultural tourism decreased significantly month-on-month, resulting in an overall month-on-month decrease of 2.66% in the gross profit margin for the third quarter. (3) Due to investment in new products and new technologies, R&D expenses increased by 10.88 million yuan; (4) Foreign exchange losses increased by RMB 28.43 million month-on-month; (5) Government subsidies decreased by 12.34 million yuan; (6) As the epidemic situation improved and sales activities increased, the resulting sales expenses increased by RMB 10.49 million accordingly.
It is reported that Leyard and Epistar jointly established LiJing Microelectronics. The world's first mass production base for Micro LED displays officially commenced operations on October 29, with equipment installation and commissioning now completed. The "Micro LED Research Institute," formed by Leyard, Epistar, and LiJing, was also officially established on October 29, releasing its inaugural achievement: the "White Paper on Micro LED Display Technology and Applications." Additionally, during the reporting period, the company won the bid for the National Energy Group's production and operation collaborative dispatch information system project. This project will utilize Leyard's globally launched standardized commercial display products: 67-inch 2K (P0.7) and 81-inch 2K (P0.9) Micro LED screens. With a total area of 227㎡, it is currently the largest single Micro LED display project in the world by application area.
Tospo Lighting's Q3 performance announcement stated that revenue for the first three quarters of 2020 was approximately RMB 3.247 billion, a year-on-year (YoY) increase of 4.36%; net profit was approximately RMB 288 million, a year-on-year (YoY) increase of 20.47%.
Foshan Lighting's Q3 performance announcement stated that revenue for the first three quarters of 2020 was approximately RMB 2.56 billion, a Year-on-year (YoY) increase of 4.79%; net profit was approximately RMB 233 million, a Year-on-year (YoY) increase of 0.89%. In particular, Q3 revenue reached approximately RMB 1.037 billion, a Year-on-year (YoY) increase of 37.25%; net profit was approximately RMB 81.7136 million, a Year-on-year (YoY) increase of 28.80%.
The 2020 third-quarter report released by Sanxiong Aurora shows that the revenue for the first three quarters was RMB 1.563 billion, a year-on-year (YoY) decrease of 12.96%; the net profit attributable to shareholders of the listed company was RMB 160 million, a year-on-year (YoY) increase of 3.69%. Among them, the revenue in the third quarter was RMB 724 million, a year-on-year (YoY) increase of 0.36%; the net profit was RMB 90.0482 million, a year-on-year (YoY) increase of 3.65%.
Aike Shares achieved revenue of RMB 631 million in the first three quarters, a year-on-year (YoY) decrease of 28.17%; net profit attributable to shareholders of the listed company was RMB 71.114 million, a year-on-year (YoY) decrease of 30.60%. In the third quarter, revenue was RMB 229 million, a year-on-year (YoY) decrease of 27.05%; net profit attributable to parent company shareholders was RMB 24.4652 million, a year-on-year (YoY) decrease of 32.78%.
In the first three quarters, Jiuliang Shares achieved Revenue of RMB 501 million, a Year-on-year (YoY) decrease of 23.42%; Net profit attributable to shareholders of the Listed company was RMB 28.5372 million, a Year-on-year (YoY) decrease of 53.52%. Among them, Q3 Revenue was RMB 194 million, a Year-on-year (YoY) decrease of 15.49%; Net profit attributable to parent company shareholders was RMB 7.343 million, a Year-on-year (YoY) decrease of 66.84%.
Jiuliang Shares stated that the decline in Revenue was mainly due to the impact of the pandemic during the reporting period, which led to a decrease in sales revenue; the decline in Net profit was primarily attributed to the pandemic, the international situation, and the appreciation of the RMB.
Haoyang Shares achieved revenue of RMB 302 million in the first three quarters, a year-on-year (YoY) decrease of 52.85%; net profit attributable to shareholders of the listed company was RMB 66.747 million, a year-on-year (YoY) decrease of 55.54%. Among them, revenue in the third quarter was RMB 45.1059 million, a year-on-year (YoY) decrease of 78.65%; net profit attributable to parent company shareholders was RMB 1.5716 million, a year-on-year (YoY) decrease of 96.74%.
Haoyang Shares stated that the decline in revenue during the reporting period was mainly due to the global outbreak of the pandemic, the lack of effective relief from overseas epidemics, reduced market demand, and delays in overseas orders.