Deep Blue expects to earn over 1.45 billion in 2020, an increase of over 70%.
On the evening of January 13, 2021, Shenzhen Tianma A released its performance forecast, stating that its net profit attributable to shareholders of the listed company in 2020 is expected to be between 1.45 billion and 1.65 billion yuan, representing a year-on-year increase of 74.83% to 98.95%, setting a historical high. In August 2020, China Zhongji Investment participated in the targeted additional issuance investment of Shenzhen Tianma A. Shenzhen Tianma A has been deeply involved in the field of small and medium-sized displays for more than 30 years, focusing on the mobile intelligent terminal display market and the professional display market, and actively deploying emerging markets. Currently, the company has three major technology platforms: a-Si TFT-LCD, LTPS TFT-LCD, and AMOLED. In the smart phone market, since the fourth quarter of 2017, the company's LTPS smart phone panel shipments have ranked first globally for two consecutive years. In the automotive display field, the company is also the largest domestic manufacturer of automotive TFT panels. In the first three quarters of 2020, the company's cumulative shipments of automotive displays ranked first globally.
Shenzhen Tianma stated that the main reason for the change in performance is that the company has accelerated product upgrades through technological innovation, continuously optimized its product structure, and continuously increased the proportion of high-value-added products. Despite the challenges brought to industrial chain development by the sudden COVID-19 epidemic, the company made every effort to ensure delivery. Coupled with the promotion of 5G, the company seized market opportunities, and the demand for its main products was strong. At the same time, it continuously deepened its efforts to improve costs, effectively improving its operating quality and profitability. A relevant person in charge of the company revealed in an interview, "Based on the company's order backlog in the first quarter and predictions for the first half of the year, the company has received very full customer order demands, with smartphones and automotive displays being in short supply."
