Landai Technology Group Announces 2024 Annual Performance Forecast
Landai Technology Group Co., Ltd. has released its 2024 annual performance forecast, projecting a net profit attributable to shareholders of approximately $18.3 million to $21.8 million (RMB 130 million to 155 million). This represents a year-over-year increase of 135.61% to 142.45%. The adjusted net profit is expected to be between $10.6 million and $14.1 million (RMB 75 million to 100 million), up 117.63% to 123.51% compared to the previous year. Basic earnings per share are forecasted to be $0.03 to $0.04 (RMB 0.20 to 0.24 per share).
In 2023, Landai Technology reported a net loss attributable to shareholders of $51.5 million (RMB 365.1 million) and an adjusted net loss of $60.1 million (RMB 425.3 million).
Key Drivers of Growth
- Power Transmission Business: The company has focused on core components for new energy vehicles, expanding production capacity, improving product quality, and deepening relationships with high-quality clients. This has led to increased revenue, cost reductions, and higher profit margins for certain products.
- Touch Display Business: The industry has shown signs of recovery. Landai Technology has capitalized on opportunities in cover glass and automotive touchscreens, actively expanding its customer base. This has resulted in significant revenue growth and a rebound in profits compared to the previous year.
During the reporting period, non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately $7.5 million to $8.9 million (RMB 53 million to 63 million).
About Landai Technology's Touch Display Business
Landai Technology specializes in the research, development, production, and sales of touchscreens and integrated touch display products. Its product portfolio includes touch modules, display modules, integrated touch display modules, cover glass, and functional films. These products are widely used in automotive electronics, tablets, laptops, industrial control terminals, IoT smart devices, and other information terminal fields.
The company has established itself as a supplier to leading global manufacturers such as Corning, Innolux, BOE, Quanta Computer, Compal Electronics, Foxconn, Huaqin Technology, and Huayang Electronics. Its products are ultimately integrated into well-known electronic brands worldwide, including Amazon, Lenovo tablets, Acer laptops, and Microsoft tablets/laptops.
Looking Ahead
Landai Technology remains committed to innovation and customer-centric strategies, aiming to strengthen its position in the global market and deliver sustainable growth in the years to come.
Landai Technology Group Co., Ltd. has released its 2024 annual performance forecast, projecting a net profit attributable to shareholders of approximately $18.3 million to $21.8 million (RMB 130 million to 155 million). This represents a year-over-year increase of 135.61% to 142.45%. The adjusted net profit is expected to be between $10.6 million and $14.1 million (RMB 75 million to 100 million), up 117.63% to 123.51% compared to the previous year. Basic earnings per share are forecasted to be $0.03 to $0.04 (RMB 0.20 to 0.24 per share).
In 2023, Landai Technology reported a net loss attributable to shareholders of $51.5 million (RMB 365.1 million) and an adjusted net loss of $60.1 million (RMB 425.3 million).
Key Drivers of Growth
- Power Transmission Business: The company has focused on core components for new energy vehicles, expanding production capacity, improving product quality, and deepening relationships with high-quality clients. This has led to increased revenue, cost reductions, and higher profit margins for certain products.
- Touch Display Business: The industry has shown signs of recovery. Landai Technology has capitalized on opportunities in cover glass and automotive touchscreens, actively expanding its customer base. This has resulted in significant revenue growth and a rebound in profits compared to the previous year.
During the reporting period, non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately $7.5 million to $8.9 million (RMB 53 million to 63 million).
About Landai Technology's Touch Display Business
Landai Technology specializes in the research, development, production, and sales of touchscreens and integrated touch display products. Its product portfolio includes touch modules, display modules, integrated touch display modules, cover glass, and functional films. These products are widely used in automotive electronics, tablets, laptops, industrial control terminals, IoT smart devices, and other information terminal fields.
The company has established itself as a supplier to leading global manufacturers such as Corning, Innolux, BOE, Quanta Computer, Compal Electronics, Foxconn, Huaqin Technology, and Huayang Electronics. Its products are ultimately integrated into well-known electronic brands worldwide, including Amazon, Lenovo tablets, Acer laptops, and Microsoft tablets/laptops.
Looking Ahead
Landai Technology remains committed to innovation and customer-centric strategies, aiming to strengthen its position in the global market and deliver sustainable growth in the years to come.
