A flat panel display inspection equipment manufacturer that integrates light, machine and electricity with outstanding growth capabilities. Through the research and development and introduction, the precision measurement electronics has formed the manufacturing capability of the integrated flat panel display inspection equipment for light, machine and electricity, covering the main products such as module, panel automatic inspection system, AOI optical inspection system and OLED detection system. The group inspection system is the most competitive product of the company, and the company's AOI equipment is welcoming development, and OLED equipment is the future potential. The company adheres to research and development drive. In 2016, R&D expenses accounted for 16.7% of sales revenue. The company's sales revenue increased from 33.28 million yuan in 2011 to 524 million yuan in 2016, with a compound growth rate of 73.56% and net profit from 13.75 million yuan. It has grown to 98.68 million yuan, with a compound growth rate of 48.31%. The company's growth ability is highlighted by R&D.
LCD investment boom is not diminished, OLED potential is unlimited. The global flat panel display capacity shift to China is obvious. From 2016 to 2018, China is still in the high-generation LCD investment boom led by BOE. The total investment is 336.77 billion yuan, and the equipment market space is 235.7 billion yuan. Due to its excellent properties, OLEDs continue to increase in permeability in flat panel displays. In 2016-2018, China's OLED investment was 211.8 billion yuan, and the equipment market space was 148.3 billion yuan. LCD investment boom continues, OLED assists incremental market, 2016-2018 will be the best era of flat panel display equipment industry.
From the Module to the Array and Cell segments, open twenty times the market space. Precision Electronics has an absolute advantage in Module signal detection equipment, and downstream customers cover major domestic flat panel display manufacturers. With the help of AOI equipment, the company has realized the layout to the Array and Cell segments. At present, the Cell segment equipment is already competitive, and the Array segment equipment has just entered. In the future, it will be able to open up to 20 times the market space through localization.
The OLED investment wave assisted the company in high performance flexibility. Due to the current low yield and good detection equipment, OLED has corresponding technical reserves in the three processes of OLED, and has begun to provide prototypes to some customers in the Cell and Module segments. The company is concentrating on OLED opportunities and deeply benefiting from OLED investment. Inspur, OLED equipment will help the company's future high performance flexibility.