Absen: With the comprehensive recovery of overseas markets, we will increase investment in key areas

Nov 26,2022

Absen's operating income in the first three quarters of 2022 will be about 1.780 billion yuan, an increase of about 27% compared with 1.402 billion yuan in the first three quarters of 2021; The net profit attributable to shareholders of listed companies in the first three quarters of 2022 was 113.6487 million yuan, with a year-on-year growth of about 292%.

Recently, Absen said during the survey by the agency that due to the impact of the epidemic situation and the downward pressure of the economy, the operating revenue of the Chinese market declined year-on-year in 2021 during the reporting period; However, with the comprehensive recovery of the overseas market, the international market operating income in the first three quarters of 2022 will increase by nearly 100% compared with 2021; The implementation and implementation of the Company's "internal and external dual attack" strategy in 2022 will provide a guarantee for the overall stable growth of the Company's performance in the uncertain external economic environment in 2022. The company will adhere to display as the main business, and continue to layout the international and Chinese markets; Increase the construction of domestic and foreign channels, expand the sales scale and increase the market share; Seize the opportunity of rapid recovery of market business and realize the rapid growth of the company's overall business.

As one of the first LED display enterprises to export overseas, Absen has deeply rooted in the overseas market, made steady progress and built a unique influence of Chinese brands in the world. International major exhibitions have always been an important wind vane for product technology development and market promotion in the industry. As the overseas market gradually gets out of the haze, the global exhibition process is also rapidly restarted. In 2022, the overseas market will gradually recover. The company will participate in exhibitions in North America, Europe, Asia Pacific, Latin America and other places for many times in 2022. At the same time, in combination with online marketing and other forms, it will show new products, new technologies and solutions to global customers. With the comprehensive recovery of overseas markets, the company's international market business grew rapidly during the reporting period. The company seized the opportunity of demand recovery in some overseas markets, continued to increase strategic investment in key areas and markets, increased staff travel, vigorously built local channels to carry out business, and achieved rapid recovery of business in overseas markets.

In addition, virtual film and television production is another popular application promoted by LED innovation in recent two years. Compared with the traditional green screen shooting, the LED screen virtual production technology has significant advantages, allowing the creative team to see the shooting environment intuitively, modify the scene effect in real time according to the script, and greatly improve the communication efficiency.

For the new business field of virtual studio, Absen actively carried out technical layout and launched a series of products and solutions. In September 2022, the Netherlands International Radio and Television Technology Exhibition (IBC2022, It has attracted a large number of professional customer experience and consultation on site. In October 2022, the virtual production ecological conference of the company was held in Garden Studios, the top film and television creative studio in London, England. The company cooperated with senior experts in the virtual production field in Europe and industrial ecological partners to conduct in-depth exchanges, and jointly explore more possibilities for virtual production to enable artistic creation.

At present, the virtual shooting full scene LED display solution launched by Absen has been successfully applied to virtual studios, studios, XR stages and other scenes in major countries around the world, such as the United States, China, the United Kingdom, France, Russia, Canada, and so on. Good market feedback has been obtained, and the industry has significant advantages.