Alto Electronics’ interim results net profit increased by 16.67 times year-on-year. The company's H1 net profit was 273.41 million yuan, a year-on-year increase of 16.67 times. Among them, LED video display system revenue increased by 62.56% year-on-year, and financial electronic products H1 increased by 24.77%. The profit forecast for the first three quarters is 40 million to 47 million yuan, and the annual net profit target of 65 million is expected to be exceeded.
Strong product strength + overall solution + rich industry experience has created Dako "golden 8 years". Daktronics is the world leader in the large LED display industry. Daktronics products are rich in products. Its integrated solutions cover swimming halls, baseball fields, basketball courts, and many other sports venues. Daktronics has strong technical strength and possesses a number of patents. The products have aerospace-grade reliability; Daktronics products are widely used. The Olympic Games, NBA, NFL and other top events have rich industry experience and market share in the world. It is Daktronics' expansion in the field of sports LED display that led to its rapid growth in 2002-2009, with a compound revenue growth rate of 21.5% and a net profit CAGR of over 27%.
The demand for LED construction in domestic stadiums is strong, and Alto has strong technical strength and rich industry experience. Compared with the modernization level of sports venues in developed countries, the reconstruction of stadiums in China is heavy and demanding. In the reconstruction of stadiums, there is a huge demand for LED advertising screens, and the market is in a blue ocean. Alto Electronics has strong technical strength and rich experience in sports LED display project operation. It is expected to replicate the American Dako model, based on local and open up China. Stadium LED blue sea.
At present, Alto Electronics has taken a solid step to expand the domestic market by collaborating with Zhimei Sports and First Sports to test the LED display solutions for domestic sports events. Through the acquisition of Qianbaihui, strategic cooperation, Zhongzhihua, Alto electronic card position The reconstruction of sports venues is fully prepared for expanding business layout and building competitive barriers.
In March of this year, Alto Electronics and China Zhihua were willing to jointly promote the renovation of the venue. At present, the number and quality of domestic sports venues need to be improved. The intelligent upgrade and renovation of sports venues will help enhance the viewing experience and stimulate business value. Zhongzhi Hua is a specialized high-tech company for the construction of sports facilities and sports events. Alto Electronics' experience in top-level events, combined with Zhongzhihua's design capabilities and channel advantages in stadiums, complement each other to provide more comprehensive and better solutions for stadium customers, and jointly develop the stadium to transform the 100 billion-level market.
In July of this year, Alto Electronics acquired Qianbaihui to promote the company's sports industry business, especially the expansion of the stadium renovation business. Qianbaihui has undertaken a number of sports venues, including the design of lighting projects, the installation of equipment and the installation and commissioning of lighting control systems. Representative projects include the Beijing Lucheng Sports Technology School bicycle training track lighting project, the Beijing Xiannongtan Xuanyuan Tennis Training Center lighting project, and the Beijing Mentougou Stadium lighting project. The advantages accumulated by Qianbaihui in sports stadium projects will contribute to the development of the company's future sports industry.
On May 25th, it signed a strategic cooperation agreement with Hong Kong stocks Zhimei Sports to help the NBL League and the Zhimei Marathon. In 2016, Alto Electronics continued to serve major sports events such as the European Cup and the Olympic Games. The rich sports events brought great achievements to the company. At the same time, it continues to expand its layout in four areas: equipment leasing, sports marketing, stadium renovation and event operations.
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