/ Asahi/Guangzhou, April 13, 2022 -- Despite the adverse impact of the repeated epidemic, frequent exchange rate fluctuations, soaring shipping costs, container shortage and other adverse factors, Lehman Optoelectronics still overcame all difficulties and presented a bright performance report for investors.
Revenues and profits hit record highs
Rayman Photoelectric on April 12 evening disclosure of the 2021 annual report shows that the company last year achieved annual revenue of 1.303 billion yuan, a year-on-year growth of 59.17%; Net profit attributable to shareholders of the listed company was 47.451,500 yuan, an increase of 115.04% compared with the same period last year, among which net profit after withholding was 31.426,100 yuan, an increase of 110.06%. Both revenues and profits hit record highs in the company's history.
In addition to the strong growth of income and profit, the operating cash flow of Leman Optoelectronics also improved significantly. The net operating cash flow increased by 511.03% compared with the same period last year, indicating that the high growth of Leman Optoelectronics' income and profit was supported by sufficient cash flow, reflecting the high-quality growth of the company's income and profit.
In addition, Lehman Photonics' gross margin in 2021 also improved significantly, up 2.42 percentage points from the same period last year. According to the annual report, the improvement of gross profit margin of Rayman Optoelectronics is the result of multiple factors, such as the continuous appearance of scale effect driven by high growth of the company, efficient enabling of process optimization and technology upgrading, active promotion of cost reduction and efficiency improvement, and increasing proportion of high gross profit products.
COB product sales increased year after year
By product, Micro LED ultra HD display products based on COB technology have grown rapidly from the incubation period to the company's main profitable products. In 2021, the company's Micro LED Ultra HD display business based on COB technology achieved a total revenue of 408 million yuan, 86.81% year-on-year. Among them, the domestic Micro LED display business revenue of 358 million yuan, a year-on-year growth of 93.64%; International Micro LED display business revenue increased 48.96% from a year ago.
Over a long period of time, the revenue of Micro LED ultra HD display business based on COB technology rapidly increased from 148 million yuan in 2019 to 408 million yuan in 2021, an increase of 176% in two years.
At present, the company's Micro LED ultra HD display product matrix based on COB technology mainly includes three types of products: LEDCOB, LEDHUB and LEDPLAY, which realize the ecological layout of a full range of application scenarios.
Among them, in the field of home display, Rayman Optoelectronics has released 110 "/138" Rayman LEDPLAY giant screen series products in 2021, and will soon release 163 "products, strong layout Micro LED consumer home display circuit. Relying on the company's core technology in the field of COB, the giant screen series products of Rayman Optoelectronics not only achieve ultra-large size, ultra-high-definition, ultra-picture quality and other extreme experience, but also can significantly reduce the cost of products while maintaining excellent display effect, to create high cost performance for users. With the gradual development of the market, home display is expected to develop into one of the company's important sources of performance in the future ; In the commercial sector, the 2021 LEDHUB intelligent meeting system, an all-in-one meeting machine product of Lehman Optoelectronics, achieved a year-on-year revenue growth of 146.53%. In the future, it is also expected to share a share in the 100-billion-level meeting display market.
Domestic and international dual - wheel drive performance high growth
According to the annual report, Rayman Optoelectronics' high operating performance growth in 2021 was also the result of a two-wheel drive in both domestic and international markets. Among them, the company achieved a total revenue of 562 million yuan in the domestic market, a year-on-year growth of 95.20%, and a total revenue of 742 million yuan in the international market, a year-on-year growth of 39.66%.
Thanks to the company's continuous expansion of domestic market in recent years, the domestic market sales of Rayman Optoelectronics continued to increase, from 274 million yuan in 2019 to 562 million yuan in 2021, doubling in two years. At the same time, the share of domestic sales in the company's overall revenue has also risen rapidly, from 28% in 2019 to 43% in 2021, becoming the main source of company performance. This data shows that the company in recent years firmly implemented the strategy of returning to the domestic market has achieved great success.
Rayman Optoelectronics said that in the domestic market, the company has established a close relationship with more than 140 strategic customers, distributors and city partners, and set up four new exhibition halls in Wuhan, Chengdu, Xi 'an and Jinan to enhance experiential marketing, which greatly improves the coverage rate of the company in East China, South China, Central China and Northwest China, thus driving the rapid growth of the company's domestic revenue.
It is worth mentioning that while the domestic market sales are growing rapidly, the overseas market development ability of Rayman Optoelectronics is not weakened. In 2021, the overseas revenue of 742 million yuan also hit a record high, and exceeded the highest level before the epidemic.
