Liard: Strengthening overseas investment and mergers and acquisitions to boost performance

[Text|High-tech LED reporter Yue Mengdi] The Spring Festival of 2015 is approaching. On February 10th, Liard Optoelectronics Co., Ltd. (hereinafter referred to as Liard, 300296) opened its annual meeting in Longhua.

Liad, headquartered in Beijing, has been booming in the display industry in recent years. In its 2014 annual results forecast, net profit in 2014 is expected to reach 152 million yuan - 1.68 billion yuan, an increase of 90% -110%. Almost at the same time, Liard announced the acquisition of Lifeng Culture (Guangzhou Lifeng Culture Technology Co., Ltd.) and Jinlixiang Technology (Beijing Jinlixiang Art Technology Co., Ltd.), and began to lay out the cultural media business sector. The annual meeting also invited Zhang Zhiqing, the general manager of Lifeng Culture and Zhou Daqing, the general manager of Jinda Lighting (acquired by Liard in the first half of 2014).

The futuristic laser dance opened the prelude to the annual meeting. At the beginning, it attracted everyone's attention. The dazzling laser and the handsome dance steps made the scene burst into exclamation. Followed by the double lions, the two lions danced from the back of the venue to the front of the stage. Many people waited for the opportunity to touch the lion's head. When the host said that the chairman Li Jun was the lion's finishing touch, nearly 500 people attended the climax of the annual meeting.

Li Jun's speech


Li Jun proudly announced at the annual meeting that the net profit in 2014 was doubled compared with 2013, which caused the applause of the annual meeting.

“The biggest event in 2014 was the marriage with Lifeng and Jin Lixiang.” Li Jun said, “This will greatly help Liard’s future combat effectiveness and development prospects.”

In 2014, Liard was reported as a model of innovative enterprises on the GEM by CCTV News, and was ranked as the No. 1 GEM by Xinhuanet. With the net profit of Jinda Lighting and Liard Video exceeding expectations, the synergy effect is outstanding, and the company's stock has risen by 285%. “These are all inseparable from all employees of Liard,” said Li Jun, which will continue to push in 2015. Employee stock ownership plans to encourage employees to achieve the goal of doubling growth in output and profits this year.

According to reports, Liard's main business LED small-pitch TV, orders nearly 670 million yuan, an increase of about 103% over the same period last year, is the main force of profit growth. In 2015, Liard, who launched the SAP management plan, will continue to work hard on the small-pitch market and achieve an overall improvement in quality and quantity in overseas markets.

"In the future, we will strengthen overseas investment and mergers and acquisitions," Li Jun said at the end. "By developing technological innovation products, strengthening training and learning, improving management services, and improving their profits, the market value will double, the stock price will double, and the performance will rise again! ”

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