China Display Optoelectronics Technology Holdings Limited
Ch Display Opt Announces Q1 2017 Unaudited Financial and Operating Data
For Immediate Release Total Sales Revenue Increased 29.8% year-on-year to RMB 813 Million Although faced with continual macroeconomic slowdown and dampened consumer sentiments, as well as the traditional weak performance in the first quarter, the Group’s revenue still recorded RMB813 million, representing a rise of 29.8% year-on-year, of which the revenue of non-laminated LCD module products was RMB414 million, a rise of 86.7% year-on-year; while that of laminated LCD module products was RMB399 million, a slight drop of 1.4% year-on-year. The growth was mainly attributable to an elevated proportion of mid-high end products (including low-temperature poly-silicon (LTPS) products) that fueled the sustained increase in average selling prices. Mr. LI Jian, Chief Executive Officer of Ch Display Opt, expressed, “As global smartphone market has been nearly saturated, the driving force of global shipment relies very much on Africa, India and other emerging markets, causing a slowdown in growth rate. However, with the rising demand for high-end smart devices in recent years, demand for high-end LTPS LCD modules increases gradually, we believe that the Group can further seize the share of high-end products market. Looking ahead, we will endeavor to engage in active research and development of new products and new technologies, to enhance the value of the Group’s product mix.”
-End- About China Display Optoelectronics Technology (334.HK) For more information, please visit its website at www.cdoth8.com. Document: http://n.eqs.com/c/fncls.ssp?u=KRAGLQEXPR Document title: CDOT(334) 2017Q1 Press Release_Eng
26/04/2017 Dissemination of a Financial Press Release, transmitted by EQS Group. |