Revenue of approximately 8.8 billion yuan! Leyard releases 2021 earnings forecast

Leyard (300296) recently released its 2021 annual performance forecast, expecting a turnaround from loss to profit. Net profit attributable to shareholders of the listed company during the reporting period was between 560 million and 720 million yuan, marking a turnaround from loss to profit compared to the same period last year.

The company's operating strategy from 2019 to 2021 was "Deepening Display, Steady Development". Although the global pandemic impacted business expansion, crisis also brings opportunity. Through the efforts of all employees, the strategic goal of "Deepening Display, Steady Development" was effectively achieved. Especially in 2021, display performance reached a historic high, achieving major breakthroughs in technology, products, markets, manufacturing, and other aspects.

In 2021, the total value of new orders signed and projects won by the company was approximately 11.55 billion yuan, representing a 34% year-over-year increase, basically achieving the annual plan target:

(1) The display segment grew by 44% year-over-year; domestic display also grew by 44%, while international display accelerated in the second half, also achieving a 44% year-over-year increase. Display order values both domestically and internationally exceeded 2019 levels, setting a new all-time high.

(2) Although many companies in the industry experienced a sequential decline in orders in the fourth quarter, the company's domestic and international displays still showed sequential growth in the fourth quarter;

(3) VR business growth is rapid, especially NP Company's growth of 72% compared to the same period last year.