A few days ago, Appotronics Corporation Limited(688007) (688007) released the announcement of performance increase in 2021. It is estimated that the net profit attributable to the parent company will reach 190 million yuan to 245 million yuan during the reporting period, an increase of 76.1521 million yuan to 131 million yuan compared with the same period of last year, a year-on-year increase of 66.89% to 115.2%.
Appotronics Corporation Limited(688007) it is estimated that the company’s net profit after deducting non recurring profits and losses attributable to the owners of the parent company will be 95 million yuan to 135 million yuan, an increase of 54.71 million yuan to 94.71 million yuan, a year-on-year increase of 135.79% to 235.07%.
For the reasons for this performance increase, Appotronics Corporation Limited(688007) said that in 2021, the company actively responded to changes in the business environment, the performance increased steadily, and the scale of household and engineering business income further expanded; The proportion of the company’s C-end private brand product sales has increased, and the high gross profit businesses such as engineering and cinema have led to the improvement of the overall gross profit margin level, and the business structure has been further optimized.
Appotronics Corporation Limited(688007) introduction: the company is a leading enterprise in the field of laser display. In 2007, the company invented ALPD technology, created a new laser display architecture, formed core intellectual property rights, and gradually expanded laser display from high-end application fields such as laser film projection to various display application fields such as engineering, business education and home use.
Appotronics Corporation Limited(688007) disclosed that as for the number of patents, by the end of the third quarter of 2021, the total number of global patents and patent applications of the company had exceeded 2300, including more than 200 PCT international applications and more than 1650 domestic patents and patent applications; There are nearly 470 overseas patents and patent applications.
In terms of industrial application, Appotronics Corporation Limited(688007) has formed a “B + C-end” dual business driven business model. Among them, b-end has expanded the application scenarios of film, business education and engineering to provide stable cash flow for the development of the company. The C-end covers two major businesses: Laser TV and intelligent micro investment. The subsidiary has completed independent financing and focused on its own brand, which has become the second growth curve. As a Appotronics Corporation Limited(688007) C-end carrier company, fengmi technology covers two business areas: Laser TV and intelligent micro investment. In the early stage, fengmi technology relied on the channel capacity of Xiaomi to OEM and sell micro investment and laser TV. From 2018 to 2019, fengmi technology successively launched its own brand micro investment and laser TV products to reduce Xiaomi’s dependence. In 2020, fengmi technology completed the round a financing of RMB 1 billion led by Chongqing government fund.
For the pre increase of this performance, Zhongtai Securities Co.Ltd(600918) released a research report that Appotronics Corporation Limited(688007) created the underlying technology ALPD of laser fluorescence display, which has multiple application scenarios and low penetration. In the future, laser will replace LED projection as the general trend of the industry, and will continue to strengthen with the localization and cost reduction of upstream devices, Appotronics Corporation Limited(688007) as a laser advantage, enterprises will continue to benefit, and the on-board display business is also expected to open new application scenarios.
