Landai Technology Group Corp.Ltd(002765) on February 15, it was announced that according to the needs of business development, Shenzhen taiguan Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to invest with its own capital of 1 million yuan to establish a wholly-owned subsidiary “Chongqing Xuanyu Photoelectric Technology Co., Ltd.” in Bishan District, Chongqing. Its business scope includes: new material technology promotion services; Optical glass manufacturing and sales; Optoelectronic device manufacturing; Intelligent vehicle equipment manufacturing, etc.
The company said that the establishment of a wholly-owned subsidiary is based on the needs of the company’s development strategic layout. It aims to expand the cover glass and other related businesses in the southwest, further expand the scale of the company’s touch display business, improve the overall profitability and promote the sustainable and healthy development of the company.
It is understood that Landai Technology Group Corp.Ltd(002765) has mastered the processing technology of medium and large-size touch screen and the industry-leading GF process, forming a full product production mode with cover glass, touch screen, display module and touch display integrated module, which can provide customers with one-stop service. With excellent process technology, production capacity, product quality, management ability, after-sales service and delivery ability, the company’s products have entered the list of qualified suppliers of well-known enterprises at home and abroad, such as consumer electronic products, on-board electronic and industrial control terminals, Internet of things intelligent devices, and have become Amazon, qunchuang computer, BOE, Foxconn, Corning, Guangda computer, Renbao industry Suppliers of well-known enterprises in the industry such as Huaqin communication and Huayang electronics. Their products are finally applied to international well-known brand electronic products, such as Amazon tablet, Lenovo tablet, ACER notebook, ASUS notebook, Microsoft tablet, Huawei tablet, peloton and Geely Automobile. The product positioning is relatively high-end.
According to the semi annual report of 2021, during the reporting period, the company’s touch display business sales revenue increased by 95.37%, accounting for 71.17% of operating revenue, and the gross profit margin reached 20.99%. Driven by this and the recovery of traditional power transmission business, the company expects to realize the net profit attributable to the parent company of RMB 200-230 million in 2021, with a year-on-year sharp rise of 2490.81% – 2879.43%; The net profit after deducting non profit was 130 million yuan to 150 million yuan, with an increase of 573.31% – 646.13%, and the earnings per share was 0.35 yuan to 0.40 yuan.
