Two more LED companies have released their performance forecast for 2020. How are they doing?

Yesterday (12.21), too long lighting and Lehman photoelectric have released the 2020 annual performance forecast.
So the dragon lighting
Tailong lighting is expected to achieve in 2020 attributable to the shareholders of the listed company's net profit of 25 million yuan - 32 million yuan, 38.13% - 51.66% lower than the same period last year before restructuring, after the restructuring of 47.91% - 59.31% lower than the same period last year.
According to the announcement, TaiLong Lighting completed the acquisition of 100% equity of BoStar Asset Group and material assets reorganization on September 29, 2020. The data of the same period of last year (after reorganization) is the result of simulation and calculation assuming that the above material assets reorganization has been completed in the same period of last year.
For reasons of performance changes, too long lighting said that the new crown of the epidemic has a greater impact on the company's operating income. Due to the restriction of consumption activities, the customer flow of offline physical stores has been greatly reduced. As a result, the company's customers have reduced the plan of opening new offline stores and the refurbishment plan of old offline stores, which leads to the decrease of the company's sales orders.
At the same time, the company in recent years in the field of traditional commercial lighting business at the same time, set up subsidiary business super lighting, hotel lighting layout, engineering and other niche, the niche market is still in development phase, expected to release part of the unit sales, but the new crown outbreak of offline consumption each niche caused the influence of different level, led to the 2020 company, a subsidiary of loss is more, delay the release of subsidiary performance points.
In addition, part of the company's new plant, equipment put into use and information construction in recent years lead to high fixed management cost of the company, the company also increased the information system related personnel allocation, increased the company's management cost to a certain extent. The above items are beneficial to the long-term development of the company, but keep the fixed management cost of the company at a high level.
During the reporting period, Tai Long Lighting is expected to affect the amount of non-recurring gains and losses on net profit of about 2.2 million yuan.
Lehman photoelectric
Lehman photoelectric is expected to achieve the net profit attributable to the shareholders of the listed company in 2020-185 million yuan - 245 million yuan.
During the reporting period, Lehman Optronics continued to lead the industry in next-generation COB Ultra HD LED display technology. The company actively implemented flexible marketing and product promotion measures, focusing on increasing the coverage of Micro LED Ultra HD Display based on 5G+8K in various segments of the domestic market. The revenue of Micro LED Ultra HD Display business increased about 46% over the same period last year, of which the domestic market increased about 60% over the same period last year.
In addition, the newly developed remote intelligent conference machine system based on COB technology meets the market demand and has a broad prospect. It is expected that the market share of ultra-high definition Micro LED display products based on COB technology will gradually increase in the next few years, and the company's investment in research and development and assets will get a good return.
Lehman photoelectric said that the net profit attributable to the shareholders of the listed company is expected to suffer a loss, mainly due to the provision of goodwill impairment, the premium part formed 190 million book goodwill in the acquisition of extension at the early stage, due to poor performance in 2020 in accordance with accounting standards for large goodwill provision, write-down profits.
In addition, affected by the new global epidemic, the company delayed the shipment of some overseas LED display and LED lighting products sales orders, resulting in a decline in operating income; There are also currency losses, increased spending on domestic sales, continued spending on research and development, and so on.
In terms of expenses, the company actively expands the domestic market, continues to expand the domestic sales elite team, refine the regional management of the team, and optimize the sales strategy. In 2020, the sales expenses of the domestic business division are expected to increase by 56% compared with the same period last year.
Lehman photoelectric said that the company's goodwill impairment loss in 2020 is a major uncertainty affecting the accuracy of the performance forecast content, the final data based on the assessment results and the annual audit of the data approved by the accountant shall prevail.
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