With the completion of more than 700 distribution channels and marketing networks in North America, the Netherlands, Canada, the United Kingdom, Germany and other countries, as well as the acquisition of the remaining 40% stake in Redio, the display products of Chau Ming Technology are making great strides towards the world.
In 2015, Zhouming Technology displayed overseas sales revenue of 837 million yuan, an increase of 66.31% over the same period of the previous year, accounting for 64.08% of the company's total revenue.
On April 23, Zhou Ming Technology (300232.SZ) disclosed the 2015 annual report. According to financial report data, in 2015, Zhouming Technology achieved operating income of 1.306 billion yuan, an increase of 34.21% over the same period. The net profit attributable to shareholders of listed companies was 114 million yuan, an increase of 86.61% over the same period.
For the substantial growth of performance, Chau Ming Technology said that it was first attributed to keeping up with the market trend, constantly upgrading its products, continuously satisfying customer needs and enhancing product competitiveness. Secondly, LED small-pitch display products ushered in a business upswing year. The realized income was 484 million yuan, an increase of 122.61% over the same period of last year; at the same time, the overseas business grew strongly. The share of the company's products in overseas markets has been further improved through years of intensive cultivation. The brand's publicity effect and magnetic field effect have emerged, and customer loyalty has been improved. Among them, overseas sales revenue was 900 million yuan, an increase of 53.88% over the same period of the previous year, accounting for 68.93% of the company's total revenue. The acquired subsidiary, Redio, continued to perform well, achieving annual revenue of 312 million yuan.
Chau Ming Technology's main segment revenue
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Source: Chau Ming Technology Annual Report
It is understood that the 58800-square-meter industrial park currently in Pingshan New District of Shenzhen can no longer fully meet the company's capacity needs. The 110,000-square-meter Huizhou Daya Bay LED application base under construction will be put into use in 2016.
At the same time, Chau Ming Technology has also begun to accelerate the level of production automation. According to the annual report, the road lighting workshop of Zhouming Technology has basically realized the full robot operation.
Under the tide of the Internet, Chau Ming Technology also actively embraced the Internet. As of now, the main "Internet +" projects in which Chau Ming participates in the stock market include Nandian Cloud Business, Xiaoming Technology and Wanping Times. Xiaoming Technology, which participated in the 2015 shareholding, has set up a standardized modularized intelligent lighting product research and development platform to quickly help industry customers achieve product intelligence.
At the moment, Chau Ming officially established a development plan based on “Industry + Internet + Finance†to create a smart “SMART†Chau Ming.
Small-pitch display As the leader of the display market in the past two years, Chau Ming Technology has also invested a lot of energy. At present, the capacity of LED small-pitch display of Zhouming Technology can reach 6,500 square meters per month, and with the completion and commissioning of Daya Bay Science and Technology Park, the company's small-pitch production capacity can reach 20,000 square meters per month.
According to the annual report data, in 2015, Zhouming Technology LED small-pitch products realized revenue of 484 million yuan, an increase of 122.61% over the same period of 2014; among them, domestic trade realized income of 206 million yuan, an increase of 150% over the same period of last year, and the overseas market realized income of 279 million. Yuan, an increase of 128.91% over the same period last year. As of December 31, 2015, the amount of orders for Zhouming Technology's small-pitch products was 559,542,700 yuan.
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