Recently, Chengdu Electronics Optoelectronics Technology Co., Ltd. (CEIC), an LED special display screen company, shared the company's latest progress during an institutional survey, including key information such as major R&D projects, customer relationships, and production capacity.
Regarding project progress, Chengdu Electronics Optoelectronics Technology Co., Ltd. (CEIBS) is actively advancing the research and development of projects such as the LED dome screen visual system for motion platforms, new visual display systems, and TSN network products. These projects are all progressing normally. The company is building product and technology reserves for the next 3-5 years to maintain its competitiveness in the industry.
Chengdu Electronics Optoelectronics Technology Co., Ltd. (CEIC) stated that the company began developing LED dome screen visual systems in 2017, and completed the certification and began mass production in 2021. Currently, sales revenue from AVIC accounts for approximately 80% of the company's total revenue, indicating a high level of customer stability. The company also plans to further expand its customer base to include other new clients within the AVIC, China Shipbuilding, and China Electronics Technology Group Corporation (CETC) systems.
In terms of production capacity, Chengdu Electronics Optoelectronics Technology Co., Ltd. (CEIBS) has adopted an outsourcing strategy for its dome screen products, contracting the production of semi-finished products such as components to qualified manufacturers in coastal areas, and then completing the assembly and debugging in-house. This flexible production method means that the company does not have obvious capacity bottlenecks and can increase production capacity by expanding its leased space.
According to available information, Chengdu Electronics Optoelectronic Technology Co., Ltd. has experienced significant development milestones since its establishment in May 2011: it was listed on the National Equities Exchange and Quotations (NEEQ) in December 2014 and successfully entered the Innovation Layer in May 2023. The company focuses on the research, development, production, and sales of network bus products and special display products, which are widely used in the defense and military industries.
In the field of special display business, Chengdu Electronics Optoelectronics Technology Co., Ltd. (CEIBS) has successfully introduced LED display technology into the field of military simulation training. The company has developed a 1m*2m spherical projection screen prototype and a 5m diameter full-sphere final product. Facing technical challenges such as nonlinear distortion and geometric correction of LED spherical images, CEIBS has developed an LED spherical projection system suitable for military flight simulation training equipment.
In terms of performance, Chengdu Electronics Optoelectronics Technology Co., Ltd.'s revenue was RMB 121 million, RMB 169 million, and RMB 216 million in 2021, 2022, and 2023, respectively, showing a year-on-year growth trend. This growth was mainly due to the rapid revenue growth after the company's special LED display products were finalized and put into mass production, as well as the stable growth of FC network data communication card orders, both of which jointly promoted the company's performance improvement.
In the first three quarters of this year, Chengdu Electronics Optoelectronics Technology Co., Ltd. achieved operating revenue of 203 million yuan, a year-on-year increase of 61.21%; net profit attributable to the parent company was 31.1697 million yuan, a year-on-year increase of 16.59%. Among them, the third quarter achieved total operating revenue of 57.5467 million yuan, a year-on-year increase of 16.73%; net profit attributable to the parent company was 4.1749 million yuan.
It is worth mentioning that in August of this year, Chengdu Electronics Optoelectronics Technology Co., Ltd. also successfully won a bid for an LED dome display equipment project. The company received a "Letter of Award" from China Tendering & Bidding Industrial Development (Beijing) Co., Ltd., confirming that the project won was the JKP621 LED dome display equipment, with a winning bid amount of RMB 29.928 million.
