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EQS-News / 10/04/2017 / 18:38 UTC+8
*For Immediate Release*
*Ch Display Opt's LCD Modules Total Sales Revenue Reached *
*RMB 296 million in March 2017 *
*TCL Corporation Established Production Line for AMOLED Display Panel, *
*Optimising Deployment in Upstream Panel Supply*
** * * * * **
(10 April 2017, Hong Kong) - *China Display Optoelectronics Technology
Holdings Limited* ("Ch Display Opt" or the "Group"; HKSE stock code: 334)
today announced the sales revenue of its LCD modules for March 2017.
Ch Display Opt's total sales revenue of LCD modules increased by 47.8%
year-on-year to RMB 296 million in March 2017. Sales revenue of
non-laminated LCD modules increased by 43.9% year-on-year to RMB 132
million, while sales revenue of laminated LCD modules was RMB 164 million
with a year-on-year increase of 51.1%.
For the period from January to March 2017, the Group's total sales revenue
of LCD modules increased by 29.8% year-on-year to RMB 813 million. Sales
revenue of non-laminated LCD modules increased by 86.7% year-on-year to RMB
414 million while sales revenue of laminated LCD modules was RMB 399 million
with a year-on-year slight decrease of 1.4%.
Wuhan CSOT, a fellow subsidiary of the Group, formally signed a cooperation
agreement for Wuhan CSOT's 6th generation of LTPS AMOLED project (t4) in
March 2017. The 6th generation production line for flexible display panel
will reach a monthly productivity of 45,000 units, with its main product,
the foldable AMOLED display panel. Along with the project development, the
Group expects the synergy effect brought by the in-depth cooperation with
Wuhan CSOT will help the Group to provide a more comprehensive deployment in
upstream supply for LCD panel.
-End-
*About China Display Optoelectronics Technology (334.HK)*
Headquartered in China, China Display Optoelectronics Technology Holdings
Limited (HKSE stock code: 334) is one of the major providers of
small-to-medium-sized display modules (<=10.1") in the region. Ch Display
Opt engaged primarily in the research and development, manufacturing, sales
and distribution of LCD modules mainly for handheld mobile devices on an ODM
basis. Smartphone LCD module products of Ch Display Opt are welcomed by
domestic and overseas manufacturers with sales volume ranking among the top.
For more information, please visit its website at www.cdoth8.com [1].
Issued by Cornerstones Communications Ltd. on behalf of *China Display
Optoelectronics Technology Holdings Limited*. For further information,
please contact:
*Cornerstones Communications Limited*
Wendy Lau / Edward Siu / Sharon Kwok
Email: cdot@cornerstonescom.com
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Document title: Eng Version
10/04/2017 Dissemination of a Financial Press Release, transmitted by EQS
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(END) Dow Jones Newswires
April 10, 2017 06:38 ET (10:38 GMT)
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