Caihong Display Devices Co.Ltd(600707) in 2021, the expected profit was 2.55 billion yuan – 2.7 billion yuan, and the loss was reversed year-on-year

Caihong Display Devices Co.Ltd(600707) release performance forecast. It is estimated that in 2021, the net profit attributable to shareholders of listed companies will turn losses into profits compared with the same period of last year, and the net profit attributable to shareholders of listed companies will be 2.55 billion yuan to 2.7 billion yuan. The loss in the same period of last year was 807453600 yuan. In the first half of 2021, thanks to the rising price of LCD panel products, the panel revenue increased significantly and the profitability was significantly enhanced. In the second half of the year, under the pressure of changes in industry supply and demand and downward panel prices, the company ensured stable production and optimized benefits.