The LED display experts

Domestic LED display overall solutions provider LianJian photoelectric is a high-end home full color LED display application products system solution provider, to provide including design, product manufacturing, engineering services, technical support and product leasing in "product and service" system solutions, is the high end in full color LED display screen application of one of the leading enterprise in the industry.

Company products based on YuQuanCai cuhk display field to lighting areas

The products of the company LED industry chain in the downstream, based in outdoor led screen field, the future extension to lighting area. Companies use direct marketing and sale mode opened the product market, the future sales growth rate is high.

Industry occupiedfast increases long-term future market potential is tremendous

The global 2010-2013, show the application of the product market scale three years of compound annual growth rate of 23.09%.

One of the full color led display application products market scale three years of compound annual growth rate is 27.91%; Domestic display market let three years of compound annual growth rate is 23.29%, which shows the high scale application products three years of compound annual growth rate of 30.35%. The growth of the high speed to the overall growth rate, the domestic market growth is the growth of the world.

Investment advice

Expected in 2011-2013, the company will achieve the business income is 489 million yuan, 621 million yuan, 849 million yuan; Realize the parent company owner $052 million net profit ownership, 064 million yuan, 079 million yuan, after issuance of the corresponding equity diluted earnings per share of 0.70 yuan, 0.87 yuan and 1.07 yuan. Considering the company's growth, and considering the small and medium plate valuations situation, we think the company's reasonable valuations in 30 times-should be 32 times between, market-watchers price range for $21.00 to $22.40, the price target of $24.5.

Risk warning

Faces possible led panel industry risk affect the company business performance; May downstream demand slowly released, impeding the product promotion.

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