Leyard Estimates Small Pitch LED Display Order Revenue to Double in 2015

News Source: 
Aaastocks.com

Leading LED small pitch display manufacturer Leyard, has seen continual growth in the industry as the company reaps benefits from transforming its LED plant into a wholly automated production line, according to an industry insider.

The company completed production expansion preparations, and estimates revenue from its orders will nearly double from RMB 550 million (US $88.62 million) to RMB 1.1 billion, and that gross margins will reach about 40%.

The same source believes small pitch LED display is in the early phases of replacing large LED panels on the market. Large LED panels have a market value of about RMB 8 billion. In 2014, Leyard, Absen Opto, and Unilumin shipment volumes reached less than 1 billion, indicating small pitch LED display market penetration was less than 12% on the market. Small pitch LED display market penetration rates will soar in 2015, and estimated to more than double from 12% to 25%.

With Leyard leading other Chinese LED manufacturers in the small pitch LED display market, small pitch LED displays have advanced from 2.5 mm to 0.9 mm. In terms of current small pitch LED TV market share, small pitch displays with a pitch of 1.6 mm and 1.9 mm have the greatest market share, while 1.2 mm pitch LEDs are still in the R&D phase.

According to a source in Leyard, the small pitch LED display market effect has expanded and LED media and advertisement companies Leafun and and Glux will be able to double revenue and net profits by 2015 to reach an estimated RMB 320 million.

Leyard announced its company restructure plan on Jan. 4, 2015, and has acquired 100% of Leafun and Glux shares for a combined RMB 890 million. After sealing the deal, Leyard has been expanding its business in sophisticated performances, equipment R&D, sales, and LED stage equipment rental. These businesses compliment Leyard’s LED display business, and has assisted it in extending downstream applications.

Earlier, the company horizontally restructured its LED small pitch display and LED lighting businesses on Nov. 15, 2013. The company has acquired 100% of Beijing Hulian Yida Science and Technology (北京互联亿) shares, which paved the company’s entry into the small pitch LED display market and public broadcasting. In the following year, Leyard acquired Shenzhen Jinda Lighting and successfully expanded its LED lighting business.

According to the same source, after Lyeard acquired Leafun and Glux, the company completed its “four driver” puzzle, and in the future its business will mostly revolve around small pitch LED TV, LED display, smart LED lighting and LED media. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE