Lyad 2016 revenue of 4 billion 376 million, net profit doubled

In March 27th, Riyadh released 2016 annual report, the company achieved operating income of 4 billion 376 million yuan, net profit of 669 million yuan, 4 billion yuan of income, and the early development of 5-7 billion profit target. 2016 net profit doubled again, creating a company 2014-2016 consecutive three years of net profit doubled impressive results.

Lyad is a business all over the world multinational group, the 2016 annual domestic and foreign revenues during the first year of implementation of equalization, the proportion of overseas revenue reached 41.32%, has laid a good foundation for establishing global financial platform to expand overseas market, for the company.

Intelligent display, landscape lighting, cultural tourism and other business segments of the effective integration of domestic business, to maintain a strong profitability, in 2016, the territory of the gross profit margin remained at more than 40%. Overseas revenue by PLANAR of the United States as the main contribution to the performance of enterprises, in 2016 the United States pingda gross margin 28.39%, 2.46 percentage points higher than in 2015 25.93%, gross margin increased mainly began to gradually replace LCD large screen splicing wall in LED small pitch products, along with alternative speed, gross profit and net profit will increase. 2016 year, the consolidated gross profit margin of 35.89%. Due to the influence of American pingda, 2016 consolidated gross margin of 38.43%.

According to the announcement, in 2016, a small space TV new orders signed 1 billion 820 million yuan, the company maintains a global market share of more than 50%. 2016 year, small spacing TV revenue of $1 billion 256 million, an increase of 55% over the same period last year. Since 2012, a small spacing TV landing market, the company signed a total of 4 billion 180 million yuan orders to confirm revenue of $3 billion 57 million. 2016 is the first year of the outbreak of small spacing TV, accounting for 70% of the territory, the outbreak originated in the domestic market.

On the same day, Riyadh also disclosed the 2017 first quarter results notice, the company expects 1-3 months of 2017 attributable to shareholders of listed companies net profit of 164 million to 180 million, 100% to 120% yoy.

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