Riad's latest research report: what is the performance of night travel economy and small spacing market?

Recently, Riad once again accepted institutional research, focusing on company business, performance review and future prospects.

Speaking of the third quarter performance of the company's major business segments, Li Nannan, secretary and deputy general manager of the board, said that the growth of the company's intelligent display reached 30%, which was in line with expectations. And the overnight economic sector has declined, mainly due to the influence of national policy orientation in 5-6 months. Many government investment in this area has been reduced or even stopped. The company's choice of such projects is more prudent, and the expectations for future development of various business segments have also been adjusted in a timely manner. By the end of 8-9, after the policy had slowed down, some of the high quality projects that the company had followed up had been restarted.

Li also said that the growth rate of night travel business will be around 20% for the whole year, and this growth level will also be maintained in the future. Because the business of night travel business is slow, and there are more funds in the early stage, the company will control its total business in about 25%. At the same time, it will create a global tourism through the combination of cultural tourism and the combination of cultural tourism and night tourism economy. Guided by tourism consumption, combined with the technology and products of the company's acoustic and optoelectronic technology, and creative experience and business resources, we can create new technology and new ideas.

As for the small spacing part, Li said that the market of small spacing TV has four main directions: one is to replace the DLP wall; the other is to replace the projection of the conference room; the three is the civilian market; the four is to expand the large size display application market, such as the cinema. Among them, the first two markets have been gradually permeated through years of promotion. The civilian market is the market that is expected to enter in the future. The entry of the cinema market needs corresponding certification.

In addition, the company's channel business can be divided into two types: one is the modular wholesaler, the other is the system integrator. At present, Lyad has 400 distributors in the whole country, and basically realizes the full coverage.

For the future development goals, Li believes that after 4 years of high growth, the company will mainly rely on the integration of group resources in the future, with intelligent display as the driving force, deepen the development of the industry, accelerate the integration of culture and technology, and strengthen internal management to improve financial targets such as receivables, cash storage and cash flow. In the next 3 years, the company will enter a stable growth period, maintain healthy and sustainable development, and increase net profit by 20%-40%.

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