Longli Technology: Has a MiniLED mass production line, and supplied to well-known enterprises

On January 26, Longli Technology released a research report to share the progress and performance of MiniLED that investors are concerned about.

MiniLED progress, Longli Technology introduced, since 2016, the company has invested a lot of money and manpower to carry out MiniLED technology research and development, respectively in IC drive, circuit design, structure, optics and flexible board packaging research and integration, the first to develop a variety of products, the current stage of research MiniLED technology can be applied to car displays, tablet computers, laptops, TVs, displays and smart wearables.

As of December 31, 2021, Longli Technology has effectively applied for a total of 145 patents in the field of MiniLED, including 64 invention patents, and has obtained a total of 68 patents, including 6 invention patents, and cooperated with TCL to develop a 13.3-inch MiniLED tablet pc display and the world's first 34-inch MiniLED curved gaming display, and cooperated with Konka to release a 31.5-inch MiniLED display.

At present, Longli Technology has a mass production line and supplies to new energy vehicle manufacturers, traditional automobile manufacturers and consumer electronics brands, with a leading advantage.

Image source: Paixin's genuine gallery

MiniLED market share, Longli Technology said that there are many positive factors in the market this year, one is the improvement of equipment production capacity involving the MiniLED industry chain, and the other is that as leading enterprises continue to launch New MiniLED products, the market's recognition and use rate of MiniLED products is getting higher and higher, and the positive feedback boom makes the company's advantages more obvious.

Based on the company's first-mover advantage and the reserves of customers, talents, technologies, patents and other aspects, MiniLED production capacity is rapidly increasing, Longli Technology will continue to accumulate strength, seize opportunities, and further expand production capacity according to the needs of customers and the market, bringing long-term value returns to investors.

MiniLED development trend, Longli Technology said that the company is very optimistic about the future development of MiniLED, the current large-scale well-known leading enterprises are focusing on promoting the process of MiniLED, the company has a mass production line, and supplied to well-known enterprises, MiniLED is in the climbing stage, the future with the release of the company's production capacity and the increase in customer orders, the company strives to maintain continuous competitiveness in the field of MiniLED.

In terms of performance, Longli Technology expects a net profit loss attributable to shareholders of listed companies in 2021 of 75 million yuan to 110 million yuan, down 272.59% -353.13% year-on-year, while the profit in the same period of 2020 is 43.4561 million yuan.

Longli Technology said that the main reason for the company's loss is the intensification of industry competition and the decline in product prices, although shipments in 2021 increased significantly compared with the same period last year, but the impact of price decline is greater than the impact of shipment growth. At the same time as the price of the product fell, the cost of purchasing product materials did not decrease in the same proportion, and the profit margin was compressed, resulting in a loss in fiscal 2021.

With the company strengthening internal management and improving operational efficiency, the company's operating conditions gradually improved in the second half of 2021, losses narrowed, performance improved, and in the future, the company will further enhance its core competitiveness through continuous innovation, continuously improve the company's operating efficiency, and reduce operating costs. (LeDinside)

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