Leyard Optoelectronic, a leading worldwide provider of LED display products and auxiliary systems announced its 3Q15 financial result. The company’s revenue rose to RMB 523 million (US $82.39 million), reflecting 68.12% year on year (YoY) growth, while its net profit skyrocketed 182.67% YoY to RMB 103 million (US $16.23 million). Meanwhile, Leyard's 41.24% consolidated gross margin is considered relatively high among the manufacturers within the LED industry.

The company's sales revenue rose to 55.41% YoY at RMB 1.12 billion (US $177.1 million) in the first nine months of 2015. The company's equity ratio rose to RMB 185 million (US $29.14 million), reflecting 104% growth YoY.

According to Leyard, the growth of sales revenue mainly came from increase of incoming purchase orders and reviewing projects within 3Q15. Meanwhile, sales revenue is higher than last quarter thanks to Shenzhen Kingdalt Opto's rapid growth and the acquisition of Guangzhou Leafun Culture Science and Technology as well as  Primo Opto Group.

Growth of net profit mainly came from compensation of office reconstruction, governmental rebate and application tax return.

Revenue of small pixel pitch LED TV is to reach RMB 1.1 billion

Throughout the period from January to September 2015, the company’s small pixel pitch LED TV revenue rose to RMB 400 million (US $63 million), reflecting 26.86% YoY. Small pixel pitch LED TV gross margins remained high at 41.53%, due to higher-priced oversea projects. The company’s accumulating orders are expected to reach RMB 110 million (US $17.32 million) in 2016.

(Translator: Emma Chang, Editor, LEDinside )