Leyard’s Net Profits Soar in 2014

News Source: 

Chinese LED manufacturer Leyard’s estimated net profits had shoot up 90% to 110% in 2014 to RMB 152 million to RMB 162 million (US $24.45 million to US $26.06 million), according to a Chinese-language Panorama Network report.

In 2013, the company’s net profit was a mere RMB 80.22 million.

The company attributed the exponential growth to small pitch LED display orders, which soared 103% in 2014 compared to 2013. Additionally, oversea orders neared RMB 350 million, climbing up 75% in comparison to 2013.

The positive impact from Leyard’s acquisitions of Jinda Lighting and Leyard Display also became evident in 2014, with both companies meeting their profit targets in 2014. Furthermore, Leyard received more than RMB 30 million worth of subsidies from the Chinese government, which also contributed to its high revenue and net profit growth this year.

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.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE