On January 25, Ruifeng Optoelectronics released a performance forecast saying that it is expected that the company's net profit attributable to shareholders of listed companies in 2021 will be 0.9 billion yuan to 115 million yuan, an increase of 87% to 139% year-on-year, and a profit of 0.48 billion yuan in the same period last year.
After deducting non-recurring gains and losses, the company is expected to achieve a net profit attributable to shareholders of listed companies of -0.14 billion yuan to 0 yuan in 2021, compared with a profit of 4.4224 million yuan in the same period last year.
Regarding the reasons for the change in performance, Ruifeng Optoelectronics said that in 2021, the company's operating income continued to grow, and the total gross profit also increased compared with the same period last year; at the same time, the company continued to increase investment in Mini LED research and development, and actively expanded sales, resulting in an increase in related expenses.
In addition, during the reporting period, the impact of non-recurring gains and losses on net profit of Ruifeng Optoelectronics was about 115 million yuan, mainly due to the government subsidy revenue recognized during the reporting period.
It is understood that Ruifeng Optoelectronics is a national high-tech enterprise specializing in LED packaging and providing related solutions, and is also a leading enterprise in the field of domestic packaging. At present, Ruifeng Optoelectronics Mini LED has begun to ship in batches. There are already terminal products equipped with Ruifeng Mini LED backlight products launched on the market, and more Mini LED backlight products equipped with Ruifeng will be available in the future.
Ruifeng Optoelectronics believes that the emergence of Mini LED backlight TVs is to allow LCD to compete with OLED in the field of high-end TVs. Therefore, the early Mini LED backlit TV will take the high-end route, even the high-end Mini LED backlit TV will have a price advantage over the same level of OLED TVs. In the future, according to the different Mini LED backlight schemes, the Mini LED backlight TV can be divided into high- and low-end, covering a larger market.
In terms of automotive applications, Ruifeng Optoelectronics said that under the background of the promotion of new energy vehicles and the accelerated development of automotive intelligence, on-board displays and on-board images, as an important part of automotive intelligence, are also rapidly increasing in scale. OLED is made of organic materials, there are natural disadvantages in the service life, in comparison, Mini LED backlight products will have more room for development. The company has been closely docking with major car companies to maintain good project cooperation. At present, the company's automotive Mini LED project is in the research and development stage.
Regarding how to view the market positioning of Mini LED, OLED and MicroLED, it said that Mini LED backlight products are the most mature direction of technology and application. Compared with OLED, the thickness of the display panel designed with Mini LED backlight is not much different from that of OLED panel, and the Mini LED backlight product can have a more detailed screen performance and lower cost. Combining the current level of technology, production costs and other factors, small size display will be the market where OLED and Micro LED compete, while Mini LED will focus on medium and large size display, as well as e-sports, vehicle and other markets with service life requirements. (Proofreading | new)