Leyard

From Wikipedia, the free encyclopedia
Leyard Optoelectronic Co., Ltd.
TypePublic
SZSE: 300296
IndustryElectronics
Headquarters
Beijing
,
China
ProductsLED screen displays, LED lighting
Number of employees
4,783
Websiteleyard.com

Leyard Optoelectronic is a publicly traded Beijing based electronics manufacturer, producing LED products including displays and lighting. Its main business segment is in screen displays of very large dimensions.[1]

History[]

The company was founded in 1995. The private company went public when it was listed on the Shenzhen Stock Exchange, premiering on the ChiNext board in March 2012.[2]

A key moment for the company was the 2008 Olympic Games when its display products were used for the opening ceremony. It manufactured displays that illuminated the Olympic Rings and also supplied a display scroll that was 1300 sq. m of its “Ground Bar” LED product, a LED display that could sustain physical activity over it including the moving wheels of a car.[3]

By 2014 the company had become focused on international expansion. At the time it injected HK $50 million (US $6.45 million) into its Hong Kong subsidiary, Leyard (Hong Kong), and invested RMB 50 million into another subsidiary, Beijing Leyard Electronics, with the stated objective of financing international expansion.[4] Greater interest in international expansion went hand in hand with increasing overseas sales. In financial results disclosed in 2014, Leyard reported overseas orders had soared 85 percent year on year.[4]

Earlier in 2013 it had laid the groundwork for substantial international expansion when it entered into a joint venture agreement with MIC Electronics. Under the agreement, MIC Electronics would become the distributor of Leyard's products in India and once a certain amount of sales in India was reached, the companies would develop a factory in India.[5]

In November 2015, Leyard acquired Planar Systems, Inc. in Oregon, via its Leyard American Corporation subsidiary.[6] In May 2018, Leyard and Planar Systems acquired eyevis, a German manufacturer of large scale LED screen systems.[7]

Products[]

In 2013, Leyard released a 228-inch TV set, which was the largest TV set in the world.[8]

References[]

  1. ^ "Leyard Optoelectronic Co. Ltd". Wall Street Journal.
  2. ^ "Everyday Network，Leyard and Bluedon to List on ChiNext Board". Shenzhen Stock Exchange.
  3. ^ "Focus on Olympic Games". LEDs Magazine. October 2008.
  4. ^ a b "Leyard scales up financing in 2 subsidies to expand overseas market". OF Week. July 31, 2014.[permanent dead link]
  5. ^ "LED supplier Leyard Optoelectronic and display producer MIC enter into cooperation agreement". LEDs Magazine. June 2013.
  6. ^ "Planar Announces Closing of Merger with Leyard". BusinessWire. November 27, 2015.
  7. ^ "World's Largest LED". Retrieved 28 March 2018.
  8. ^ "World's largest LED TV set released by Leyard". China Daily. July 25, 2013.
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