On August 3, Lazard disclosed its semi-annual results forecast, saying the company expects to achieve net profit attributable to the mother company of 259 million yuan – 270 million yuan in the first half of 2022, down 5% – 9% year-on-year, compared with a profit of 285 million yuan in the same period last year.
At the same time, Lazard expects net income after deductions to be RMB 232 million – RMB 243 million, down 7% – 11% year-over-year, compared to earnings of RMB 261 million for the same period last year.
The virtual reality business, whose performance mainly comes from outside the country, was less affected by the epidemic and grew by about 14% compared with the same period of the previous year.
The company’s net profit declined mainly due to the impact of the epidemic on the revenue of the cultural tourism night tour business, with a net profit loss of about 12 million yuan, compared with the profit scale of the same period last year, resulting in a decline in the overall net profit of the company in the reporting period compared with the same period last year.
For the company’s Micro LED products, Lazard said that after more than a year of investment in research and development, process improvement, has made greater progress. Firstly, the yield rate of giant transfer has been improved: from 98.9% at the time of production to 99.995%.
Secondly, the new process is mature: after the improvement of Micro LED process, the New package single lamp mass production, the Micro LED display product pitch extended to 1.8mm; the company released Micro LED Black Diamond series on June 30, 2022, the product pitch includes 0.9mm, 1.2mm, 1.5mm and 1.8mm, making the Micro The product pitch includes 0.9mm, 1.2mm, 1.5mm and 1.8mm, which makes the application space of Micro LED significantly increased, and it is several times better than small pitch products in terms of brightness and contrast, and the cost is comparable to small pitch gold line lights.
Third, Micro LED Nin1 products (pitch 0.4mm, 0.6mm, 0.7mm, 0.9mm) cost better progress due to yield improvement, scale efficiency, process improvement, etc., and the upstream Micro chip prices down, the product selling price than the market in 2020, a substantial reduction in market space to further open.
Fourth, the first half of the domestic epidemic, Micro LED orders and Wuxi factory start-up rate are affected, after July, orders accelerated, so far, Micro LED product orders increased by more than 20% compared to the same period last year.
In addition, intelligent display domestic orders accelerated rebound. In the first half of the year, due to the domestic epidemic, the domestic direct sales and channel display business were greatly affected from April to May, and the orders did not rise according to the rule at the point of order entering the peak season one after another.
