LED display and lighting go hand in hand. In the future, Zhouming technology will focus on cash flow
on January 20, the company released the 2018 annual performance forecast. The company expects to achieve a net profit attributable to shareholders of listed companies of 416.21 million yuan to 462.27 million yuan in 2018, an increase of 46.4% to 62.6% over 284.299 million yuan in the same period last year
in 2018, Zhouming technology promoted various business plans, with rapid growth of its main business and continuous expansion of its business scale; At the same time, credit policy management was strengthened, and the cash flow was in good condition. The net cash flow from operating activities in 2018 was about more than 320million yuan. Affected by the depreciation of RMB against the US dollar, the exchange gains generated in 2018 have a positive impact on net profit. During the reporting period, the company incurred about 17million yuan in expenses for carrying out due diligence on overseas projects and responding to the 337 incident
since its establishment, Zhouming technology has been committed to providing high-quality and high-performance application products and solutions for customers at home and abroad, mainly engaged in the R & D, manufacturing, sales and service of LED display products and LED lighting lamps. In the LED display business segment, the company has been focusing on the development of LED display business. While strengthening endogenous growth, the company actively expands the LED display segment market through the development mode of extension mergers and acquisitions, and gradually forms a product system focusing on LED small spacing products and covering multiple application fields. Among them, Zhouming technology has a variety of types. Reddio mainly focuses on rental and creative displays, and Lampu technology mainly focuses on Sports displays. In the LED lighting sector, Guangdong Zhouming, a wholly-owned subsidiary, and Angelique, a holding subsidiary, currently carry out relevant businesses, which can be divided into domestic outdoor lighting business and overseas outdoor lighting business. In addition, through the acquisition of Tsinghua Kangli and Hangzhou Bainian, the company gradually expanded its landscape lighting business
in terms of LED display screens, Zhouming technology has formed led small spacing, leasing, sports, creative, fixed LED display screens, intelligent signs and other products, and provided customers with integrated and intelligent comprehensive solutions. At present, the company has the top three market shares of LED display screens in the world, among which the market share of LED rental display screens ranks first in the world. In the display screen sector, Zhouming technology currently adopts the sales mode of distribution, supplemented by direct sales. In terms of renting display screens, the subsidiary redio has a large number of stable high-end and high-quality customers in North America and Europe. At the same time, the company actively develops new technology groups such as miniled and three-dimensional space intelligent interaction, achieving sales of 30.328 billion yuan. The company has applied for a number of technical patents related to mini led, and began to provide samples of mini led to target customers for approval testing
at present, Zhouming technology has more than 700 distribution channels in more than 60 countries and regions around the world. In terms of domestic market, the company continues to promote the strategy of "channel sinking and industry segmentation", and has a two-way layout of regions and industries, so as to explore a broader market through regional channels and carry out a vertical integrated layout through industrial channels. In terms of overseas markets, the company has established eight global after-sales service centers, covering the Americas. 4. The power of the controller must be turned off for the interface on the plug-in controller. In Australia, Europe and Asia, the company has continuously improved the construction and integration of localization service teams, and established a marketing service system closer to users
in the first half of 2018, the revenue of Zhouming technology led display screen reached 1.629 billion yuan, an increase of 43.41% year-on-year. From a regional perspective, the growth was mainly from the domestic market, with domestic revenue of 754million yuan, a year-on-year increase of 116.05%, accounting for 46.29% of the total LED display revenue. In terms of products, the growth was mainly from small spacing products, with a revenue of 986 million yuan, a year-on-year increase of 52.16%, accounting for 60.53% of the total revenue of LED display
in terms of LED lighting, Zhouming technology has carried out strategic layout in landscape lighting and professional lighting by means of extension mergers and acquisitions, and has carried out sufficient resource integration by virtue of the advantages of listed companies' capital, cost, platform and so on, so that the income level and profitability of the lighting sector can be significantly improved. From January to June 2018, the company's lighting sector achieved a sales revenue of 385million yuan, an increase of 375% over the same period last year
at present, LED lighting renovation projects of Zhouming technology are spread all over the world, including LED street lamp renovation in national highway 107, Sichuan Tibet highway, Guangzhou Shenzhen Expressway (creating "five firsts" in the industry) and "three mountains and five mountains" (Mount Tai, Mount Hengshan, Mount Huangshan, Mount song). Foreign street lamp projects are spread throughout the United States, Spain, France, Germany, Italy, Switzerland, Austria, Australia, Malaysia India and other countries and regions
under the background of strong demand in the LED downstream application market and rapid growth of market scale, Zhouming technology plans to invest in the construction of Zhouming Zhongshan intelligent manufacturing base project with its own funds and self raised funds, with an estimated total amount of about 2.2 billion yuan. The advance layout of production capacity in the next three to five years has laid a solid foundation for future development. Zhouming technology said that the investment in the construction of Zhouming Zhongshan intelligent manufacturing base project is conducive to the company's continuous building of industry-leading manufacturing capacity, enhancing the company's market competitiveness and sustainable operation ability, and is in line with the company's long-term planning and strategic layout
when talking about the development of the company, Lin Mingfeng, chairman of Zhouming technology, was full of confidence, "Through several years of development, we have won the single product champion of LED display products issued by the Ministry of industry and information technology this year. When you have the leading ability in the industry, the siphon effect of development will appear. We can maintain relatively rapid development in the past few years, and I believe we can maintain such speed and efficiency in the next few years. Our competitiveness is great. It is from a global perspective to adopt spoke sensors."
as for the company's future plan, Lin Mingfeng said, "The future strategy is still to focus on cash flow and quality development. This way of development driven by accounts receivable is not conducive to the long-term development of enterprises, nor to the healthy development of enterprises. Therefore, we have been doing control since the second half of the year. The performance growth brought by mergers and acquisitions last year will not exceed 20%, including accounts receivable. In the next few years, we will mainly focus on areas where we can collect money and have better cash flow Husband, let us become more qualitative growth. "
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