Last year's outstanding performance of Liard released the 2017 first quarterly report on the evening of April 20. The company's performance achieved another good result. In the first quarter, the company achieved revenue of 1.128 billion yuan, doubled its net profit to 172 million yuan, and basic earnings per share of 0.21 yuan. According to the report, in the first quarter of 2017, the company's revenue growth of nearly 40% year-on-year was mainly due to the increase in orders and acceptance items during the reporting period. In addition, the acquisition of Lan Shuo Technology, Vanke Times, Purui Lighting, Zhongtian Lighting, Junze Lighting, and NP Company resulted in an increase in operating income. However, the change in fair value of the shares held during the reporting period increased compared with the same period of the previous year, and the gains from changes in fair value decreased by 117.29% compared with the same period of the previous year. At present, Liard has invested in mergers and acquisitions, and its five lighting companies form the largest lighting enterprise group in China. In the first quarter, the lighting business group's performance remained high, with operating income of 314 million yuan, an increase of about 70% over the same period of the previous year, and a gross profit margin of 43.91%. In the traditional main business, the intelligent display sector also maintained rapid growth. In the first quarter, small orders were signed at 379 million yuan, an increase of 33.45% over the same period of last year. As of the announcement date, small-distance TV orders reached 495 million yuan, an increase of 50% over the same period of last year; especially the small spacing of channel sales was signed at 0.69 billion. Yuan, a nearly six-fold increase over the same period last year. In addition, the cultural tourism sector achieved operating income of approximately 79 million yuan, and the VR experience achieved profit for the first time. Last year, the company acquired NATURAL POINT, laid out the VR industry, and invested in researching the application space of VR and LED display products. On January 25, NP's entire equity acquisition was completed, enriching the performance of the VR experience sector in the happy city. In March-March, NP Company realized operating income of 39.833 million yuan and consolidated net profit of 11.7954 million yuan. As of the disclosure date of the announcement, the cultural tourism, intelligent display, and night travel economic sectors have not fully confirmed the total contract value of more than 10 million yuan in the contract amount of 787 million yuan. It is worth noting that Liard's dependence on major customers has decreased. In the first quarter of this year, the total procurement volume of the top five suppliers increased year-on-year, but the proportion decreased from 35.68% in the first quarter of last year to 28.22%. The total revenue of the top five customers reached 217 million yuan, accounting for 19.26%. The LED industry generally achieved good revenue last year. Peasant Zhouming Technology expects to increase in the first quarter, and its net profit will double from the same period of the previous year, with a profit of up to 52 million yuan. The company pointed out that the domestic LED small-pitch market continued to improve, with sales on a large scale compared with the same period of last year, and the sales revenue of foreign trade continued to grow. Sunshine Lighting's net profit for the first quarter increased by about 15%. Essence Securities Research pointed out that LED display and model innovation will extend from hardware to content services and operational innovation. Under the background of the continuous improvement of the LED small-pitch industry and the large-scale enterprises to meet the needs of large industries, the industry will usher in innovative development and frequent integration period, and will gradually expand based on the high-end attributes of the screen-bearing content and media entry. Cultural media and other content businesses as well as urban landscapes.
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Purified Terephthalic Acid is an organic compound with formula C6H4(CO2H)2. This white solid is a commodity chemical, used principally as a precursor to the polyester PET, used to make clothing and plastic bottles. Purified Terephthalic Acid Uses Several million tonnes are produced annually.The common name is derived from the turpentine-producing tree Pistacia terebinthus and phthalic acid.
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