Regarding the reason for changing the securities abbreviation, the company stated in the announcement: "The company is currently implementing a development strategy focusing on high-tech LED main business. On the basis of consolidating and optimizing the traditional LED business, COB small-pitch LED display panels have been identified as the strategic focus of the company's future products and technologies. , committed to promoting the development of China's LED optoelectronics industry. The company's total revenue in 2018 was 733.5222 million yuan, of which LED business revenue was 711.8625 million yuan, accounting for 97.05%; sports business revenue was 21.6597 million yuan, accounting for only 2.95%.
Ledman Optoelectronics stated that it is committed to becoming a technology-leading optoelectronic company. The purpose of changing the company's securities abbreviation is to clearly highlight the company's LED main business attributes, facilitate the promotion of the company's brand image in the optoelectronics industry, and is also more in line with the company's strategic plan to firmly develop its LED main business.
It is reported that Ledman Optoelectronics was established in 2004 and has successively developed business sectors such as LED packaging, LED display, and LED lighting. The previous cooperation with the Chinese Super League also started with the LED stadium display project. Based on more than four years of COB technology research and development experience, Ledman Optoelectronics officially launched COB micro-pitch high-definition display panels with independent intellectual property rights in March 2018 and achieved mass production. In March 2019, it launched COB micro-pitch display products with a pixel pitch of 9mm.
Previously, the company has disclosed its performance forecast for the first quarter of 2019, predicting a profit of 11.9953 million yuan to 12.2045 million yuan in the first quarter of 2019, an increase of 1,620%-1,650% over the same period last year. During the reporting period, the company strengthened market development, sales orders increased significantly, and the sales scale was expanded; it increased the sales of independently innovative COB micro-pitch high-definition display products; in the field of LED lighting, relying on the quality and scale advantages of lighting products, orders increased significantly compared with the same period last year, and market share continued to expand.
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