Ledman Optoelectronic Co Ltd

Ledman Optoelectronic released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 510 million yuan, down 9.67 percent year on year. Net profit attributable to the parent company was a loss of 27.13 million yuan, swinging from profit to loss compared with the same period last year. Net profit after deducting non-recurring items was a loss of 31.79 million yuan, with the loss widening significantly. Relying on COB integrated packaging technology, the company deepened its Micro LED display layout, and achieved notable results in expanding overseas emerging markets and the new home cinema category. International display business revenue reached 270 million yuan, up 12 percent year on year, while COB display product revenue rose more than 70 percent year on year. However, affected by exchange rate fluctuations and intensifying domestic competition, financial expenses surged 1,045.40 percent year on year to 14.06 million yuan, becoming a major drag on profit. In the domestic business, the company created the new home cinema wall category and launched a full-size lineup from 135 inches to 243 inches, but fierce price competition in China's LED display industry led to a decline in domestic display business revenue. In addition, the company made an inventory write-down provision of 9.28 million yuan, and net cash flow from operating activities was negative 87.03 million yuan, with the net outflow expanding 89.05 percent compared with the same period last year.