On March 27th, Liard (300296) released the 2017 annual report. From January to December 2017, the company realized operating income of 6.471 billion yuan, an increase of 47.80% over the previous year; the net profit attributable to shareholders of listed companies was 1.21 billion yuan. The year-on-year growth was 80.88%. Both operating income and net profit achieved a four-year high growth rate and achieved the annual target again. The company's comprehensive gross profit margin increased to 40.48%, an increase of 2.05 percentage points from 38.43% in the same period of last year.
At present, Liard's business is divided into four business segments: intelligent display, night travel economy, new business mode, and VR experience. In 2017, Liard’s new signing reached 10.2 billion yuan, an increase of 76% over the same period of the previous year. Among them, the smart display orders were 5.1 billion yuan, the night travel economic orders were 3.1 billion yuan, and the new travel business orders were 1.6 billion yuan. Order 350 million yuan.
Among them, in the LED city landscape lighting business scale, Liard ranked first in the country in 2017. It can be said that the landscape business has made a huge contribution to Liad's 2017 performance.
According to the report, in 2017, the night travel economy signed a new bill of 3.1 billion yuan, an increase of 172% over the same period of the previous year. The confirmed revenue was 1.727 billion yuan, an increase of 99.17% over the same period of the previous year. The gross profit margin remained at 41.5%, in line with the company's night. The expectation of a "blowout" in the economic market.
Nowadays, 60% of the consumption of domestic urban residents takes place at night, and night travel is an ideal channel for docking tourists' demand for nighttime consumption. Wuhan “Two Rivers and Four Banksâ€--The 2017 New Year's Day holiday in Wuhan received an average of 31.8% of visitors, which was significantly higher than the growth rate in previous years and the average growth rate of Hubei Province. At present, many local governments have also introduced plans for nightscape construction, which is a strong driving force for the landscape lighting market.
Since entering 2017, the night travel economy has entered an outbreak period, and there has been a “blowout†momentum. Up to now, about 10%-20% of the city's urban lighting has been invested, and it is expected that the city's lighting will last for more than five years.
After nearly two years of close Layout, Liard has become a cluster covering the whole country. Among them, Jinda Lighting, the leading company of the lighting business group, has been renamed as "Liard Lighting Co., Ltd.". As the largest lighting enterprise cluster in the country, it has an absolute competitive advantage.
At the same time, Liard also explained the implementation of the major sales contracts signed by the company as of the reporting period.
1. PPP project for the second phase of the renovation and upgrading of night lighting in Chifeng New District
On May 12, 2017, the “Notice of Winning Bid†issued by the Chifeng New District Management Committee was received, with a contractual amount of RMB 207.06 million. On September 28, 2017, the official PPP Project Contract was signed. On October 26, 2017, the acceptance of the effects of the owners and landscape experts was successfully passed, and it was highly recognized by the social and government departments. It has now entered a 7-year operation period.
2, Gejiu City Urban and Rural Landscape Improvement and Reconstruction Lighting Engineering Design and Construction General Contracting (EPC) Project
On May 17, 2017, Sichuan Puri Lighting Engineering Co., Ltd. and Liard Lighting Co., Ltd. (formerly known as Shenzhen Jinda Lighting Co., Ltd.) formed a consortium to win the bid and received the notice of winning the bid from the owner. Book, the contract amount is 49.76 million yuan. On June 27, 2017, a formal contract was signed. On December 30, 2017, the effect acceptance of the owner and the supervision unit was successfully passed, and the settlement procedures are currently being processed.
3. Integration project of design and construction of Beijing Road and Panlong River landscape lighting improvement project
On June 14, 2017, the “Notice of Winning Bid†issued by the Kunming Municipal Administration Comprehensive Administrative Law Enforcement Bureau was received, with a contractual amount of RMB 260,470,800. On July 13, 2017, a formal contract was signed. At present, the project is in the process of implementation, and the implementation progress is 81%.
4. The general contracting project for the design and construction of some roads in the downtown area of ​​Shangrao and the night view of the Liangjiang River
On November 29, 2017, the “Notice of Winning Bid†issued by the Shangrao City Administration Bureau was received, with a contractual amount of RMB 424 million. On December 25, 2017, a formal contract was signed. The project is currently in the process of being implemented.
5. PPP project of Chengdu Jiang'anhe City Leisure Tourism Street
In January 2017, the company received the “Notice of the PPP Project of Jiang'an River Urban Leisure Tourism Streetâ€. In February 2017, it signed a PPP Contract for the PPP Project of Jiang'an River Urban Leisure Tourism Street with Party A. In October 2017, the first phase of the PPP project of Jiang'an Hecheng Leisure Tourism Street opened. At present, the second phase of the project is being deepened in design, and the second phase of the project is expected to begin construction in Q18 in 2018.
6. Large-scale indoor situation interpretation EPC project of Dayong Ancient City in Zhangjiajie, Hunan
In February 2017, the company received the “Notice of Winning the EPC Project for Large-scale Indoor Situation Deduction in Zhangjiajie Dayong Ancient City†with a contractual value of RMB 109.43 million. In June 2017, it signed a large indoor situation with the Party A in Zhangjiajie Dayong Ancient City. Deducting the EPC Project Contract, the project is currently under implementation.
7. Linyi District Citizen Cultural Center Project General Contracting (EPC)
In November 2017, the company received the notice of winning the bid for the General Project Contractor (EPC) of Linyi District Citizen Cultural Center, with a contractual value of RMB 796.61 million. At present, the project is in the process of deepening the construction plan and contract negotiation.
Through the 2017 performance of Liard, the night travel economy is in a period of vigorous development. I believe that in the near future, the landscape lighting market will also show great vitality.
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