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25/10/2019 14:54

Ch Display Opt (00334) 9-month revenue up 78% to RMB4,545m

[ET Net News Agency, 25 October 2019] China Display Optoelectronics Technology Holdings
Limited (00334) said for the nine months ended 30 September 2019, driven by the orders
placed by first-tier brand customers, the group's sales volume increased by 144.1%
year-on-year to 79.5 million units. As a result, the group's revenue increased to RMB4,545
million, representing a year-on-year increase of 78.0%.
In terms of the non-processing products, the revenue of laminated LCD module products
recorded a rise of 79.2% year-on-year to RMB3,642 million; the revenue of non-laminated
LCD module products was RMB653 million, representing an increase of 25.3% year-on-year.
The overall average selling price (excluding processing modules) for the nine months
decreased by 3.4% year-on-year to RMB75.7, because the raw materials of certain products
had been provided by customers directly during the first half of 2019, thus the cost of
such raw materials was not reflected in the selling price for the relevant products.
However, the overall average selling price (excluding processing LCD modules) for the
third quarter increased by 2.3% year-on-year to RMB87.9, due to the improvement in product
mix. During the review period, the group's revenue from processing products amounted to
RMB251 million. (RC)

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