Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS-News / 26/04/2017 / 23:13 UTC+8
*For Immediate Release*
*China Display Optoelectronics Technology Holdings Limited
Announces Q1 2017 Unaudited Financial and Operating Data
* * * * * **
*Total Sales Revenue Increased 29.8% year-on-year to RMB 813 Million
Actively Develop LTPS Products to Enhance the Value of Product Mix*
(26 April 2017, Hong Kong) *China Display Optoelectronics Technology
Holdings Limited *("Ch Display Opt" or the "Company", together with its
subsidiaries, the "Group"; HKSE stock code: 334) is pleased to announce its
unaudited financial and operating data for the three months ended 31 March
2017 (the "Period").
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."
The Group's revenue by product segments and their respective year-on-year
change during the Period are as follows:
_(unaudited)_ *Three months Three months Change
ended ended (%)
31 March 31 March
2017* 2016
_(RMB '000)_ _(RMB '000)_
*TFT LCD Module Revenue *
Non-laminated modules *413,586 * 221,501 +86.7%
laminated modules *399,212 * 404,781 -1.4%
*Total* *812,798* 626,282 +29.8%
-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].
Document: http://n.eqs.com/c/fncls.ssp?u=KRAGLQEXPR [2]
Document title: CDOT(334) 2017Q1 Press Release_Eng
26/04/2017 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
Media archive at www.todayir.com
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2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d47614fa1a50ad8c10f07ebb7bfb1a05&application_id=567709&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 26, 2017 11:14 ET (15:14 GMT)
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