Riyadh Q3 will complete the annual net profit of over 100 million orders 1 billion 100 million goals

The evening of October 20th, the company released the first three quarterly riyadh. The report shows that in the third quarter of 2015 the company achieved revenues of $523 million, an increase of 68.12%, net profit of $103 million, an increase of up to 182.67%. At the same time, continue to maintain a higher gross margin in the industry, the gross profit margin of 41.24%.

In addition, the company in 2015 1-9 month revenue of 1 billion 124 million yuan, an increase of 55.41%. Attributable to shareholders of listed companies net profit of 185 million yuan, an increase of 104%.

The company said, mainly due to increased revenue growth for the order and acceptance of project report, the domestic and foreign income grew; at the same time as JINDA lighting (last year compared to 6-9 months) results of rapid growth, and the merger of laford cultural, and Jin Lixiang can photoelectric, representing an increase of income. The main reason for the increase in net profit for the reporting period, operating income growth and reporting period due to the original Office demolition compensation and government subsidies, such as the increase in the number of software rebates.

LED small spacing TV orders in line with expectations, will complete the 1 billion 100 million order target

Lyad said that in 2015 1-9 months, 400 million yuan of income confirmation of small spacing TV, representing an increase of 26.86%; the overseas project of higher gross margin, small spacing TV still maintain a high gross margin of 41.53%; by the end of this report the date of the announcement, small spacing TV new orders for 710 million yuan. Expected annual orders will be completed 1 billion 100 million yuan target.

Mergers and acquisitions fruitful subsidiary profit contribution

In July 2015, laford cultural delivery is completed, formally incorporated into the consolidated financial statements, the reporting period into the profit of 28 million 612 thousand and 600 yuan; August 2015, jinlixiang delivery is completed, formally incorporated into the consolidated financial statements, the reporting period into the profit of 2 million 856 thousand and 200 yuan. According to the current situation in hand orders are expected to be completed 2015 annual profit commitments.

During the reporting period, the Internet reached a profit of 6 million 419 thousand yuan, according to the current situation in hand orders, is expected to exceed the promised profit. JINDA lighting profit 53 million 313 thousand and 100 yuan, is expected to achieve annual profit growth of more than 100%.

In addition, the company acquired its stake in PLANAR100% has been approved by both the board of directors approved, and has been approved by the U.S. Securities and Exchange Commission, and the PLANAR has issued a notice of the general meeting, will be held on November 12th, if passed into the stage of delivery.

Four wheel drive strategy to complete the layout of the past three years

Lyad said the company's four wheel drive strategy, the layout has been completed for three years. With laford cultural and Jin Lixiang's performance into drive LED style education and media sector performance surge, with high performance JINDA lighting LED intelligent lighting plate driven by the rapid development of the four round plate in the development stage of qi. 2015 1-9 months, the four round of business segment revenues accounted for as follows:

In addition, Riyadh said, from the current situation of each subsidiary in hand orders, the company 2015 annual net profit will exceed 300 million yuan target set at the beginning of the year, is expected to net profit year-on-year growth of 100% can be achieved.

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