Recently, Longli technology, Hembo high-tech, Baoming technology and other three Mini LED backlight manufacturers released the first half of the results. Among them, Longli Technology and Haibo high-tech in the backlight display module revenue both achieved growth.

Longli Technology: first-half revenue of 704 million yuan

Affected by the pandemic, Longli Technology achieved revenue of 704 million yuan in the first half of 2022, down 23.41% year on year; Net profit attributable to shareholders of listed companies increased 79.49% year on year. The revenue of the backlight display module was 692 million yuan, and the gross margin increased 5.65% year on year.

Longli Technology said that in the first half of the year, the company continued to improve the business structure, strengthen internal management, improve operational efficiency, with the increasing investment in medium-size products, Mini LED products continue to increase volume, so the performance of the reporting period compared with the same period of the previous year significantly improved.

It is reported that Longli Technology has a technical reserve related to Mini leds. As of June 30, 2022, Longli Technology has applied for a total of 153 patents in Mini LED-related fields, including 67 invention patents. At present, Longli Technology has obtained a total of 86 patents, including 10 invention patents. And won the Mini LED related innovation product award 10.

Longli Technology already has a production line for Mini leds and supplies them to new energy vehicle manufacturers, traditional car manufacturers and consumer electronics brands. In the field of car display, car backlight module products has won the domestic and foreign well-known car companies, has been with well-known Tier1 factory and prominent module factory reached cooperation, such as sea science and technology science and technology, far peak, faurecia, visteon, desai, west wei sheng electronic, hannstar display, huaxing photoelectric, letter, Beijing Oriental fine charge electronic, etc., It has gradually entered NIO, Ideal, Xiaopeng, BYD, SAIC, GaHE, Great Wall, GAC, Ford, Hyundai, Toyota, Hechuang and other well-known brand car enterprises. In the field of commercial display, the company is cooperating with TCL, Konka and other brand manufacturers. In the VR field, the company has started to deliver to Varjo, a Finnish high-end headset manufacturer, and well-known VR companies in North America.

H1 revenue of 1.385 billion,

Hembo High-tech raised 1.2 billion plus size Mini LED light board

On August 29, Hembo High-tech disclosed the 2022 semi-annual report.



The report shows that Hembo high-tech's operating revenue in the first half of 2022 was about 1.385 billion yuan, an increase of 4.22% year on year; The net profit attributable to the shareholders of the listed company was about 38.4 million yuan, 44.13% less than that of the previous year.

Among them, Haibo high-tech backlight display module revenue of 939 million yuan, year-on-year growth of 2.78%; Gross profit margin was 10.56%, up 0.94% year on year; The revenue of backlight display module components was 377 million yuan, up 9.15% year on year; Gross profit margin of 29.95%, gross profit margin decreased by 3.10% year on year.



In terms of product layout, Hembo High-tech is continuously promoting the layout of new businesses and products related to Mini LED display technology and OLED display technology, and has successfully developed and designed 15.6-inch and 12.8-inch Mini LED backlight display modules. The first Mini LED panel solid crystal research and development lead line has successfully entered the stage of mass production.



In addition, Hembo high-tech vehicle Mini LED backlight products have successfully cooperated with many first-class suppliers and Oems including new energy vehicle manufacturers. At the same time, Hembo High-tech is also cooperating with major panel manufacturers and terminal manufacturers in the development and production of Mini LED backlighting products used in consumer electronics fields such as laptop computers and VR.



As of June 30, 2022, Hembo High-tech has obtained a total of 33 patents in the field of Mini LED, including 3 invention patents and 30 utility model patents.



On the evening of August 29, Hembo high-tech synchronized issued a plan to issue shares to specific objects, planned to issue no more than 37.287 million shares to no more than 35 specific objects, raising no more than 1.214 billion yuan of capital, after deducting the issuance costs, planned to be used for the annual output of 9 million sets of Mini LED light panels and other projects (phase I) and repayment of bank loans.

It is reported that the raised project "annual output of 9 million sets of Mini LED light board and other projects (phase I)", the total investment of 1.134 billion yuan, planned to use the raised capital of 950 million yuan, the project will build advanced, efficient Mini LED display module intelligent manufacturing system, to achieve the annual output of 4.5 million sets of Mini LED display module goal. The project is carried out by Bojing Technology (Chuzhou) Co., LTD., and is located in Chuzhou, Anhui Province. The estimated construction period of the project is 24 months.



Haibo high-tech said that this fundraising project is to improve the layout of the company's backlight display module product line, expand the production scale of Mini LED display module, timely grasp the good opportunity of the rapid development of new display technology.



Baoming H1's operating revenue is about 490 million yuan



On August 29, Baoming Technology released its half-year results report, saying that its operating revenue in the first half of 2022 was about 490 million yuan, a year-on-year decrease of 11.42%; The net profit loss attributable to shareholders of the listed company was about 69.79 million yuan. Operating revenue for the same period of 2021 was approximately 553 million Yuan; The net profit loss attributable to shareholders of the listed company was about 88.68 million yuan.

Among them, Baoming technology LED backlight revenue of 355 million yuan, year-on-year reduction.



It is reported that Baoming Technology has accumulated rich experience in the new mold structure of ultra-thin light guide plate, high-highlight V-CUT light guide plate, high-highlight diamond collision point light guide plate, mold flow analysis, optical simulation, automatic assembly of backlight source in the whole process and fingerprint unlocking technology under LCD screen. At the same time, the company has carried out in-depth research in the direction of ultra-thin products, mold structure, optical treatment, eye protection and environmental protection, and actively carried out research and development of Mini LED technology, and developed Mini LED backlight technology and direct display technology with glass as the substrate and PCB as the substrate.