The professional LED display manufacturer, Absen (SZSE: 300389), has been 
announced as one of China's "Best Managed Companies" in the Deloitte Best 
Managed Companies Awards (BMC) Programme in March 2019.

The BMC program is a global initiative to identify and recognize private 
companies with advanced management ideas and excellent business performance. It 
was initiated in China in August 2018.

Commenting on the award, CFO of Absen, Chelsea Huang said, "The Best Managed 
Companies Awards examines every facet of an organization and we are very proud 
that Absen fulfils all the requirements. This prestigious award is a fantastic 
recognition for the overall success of Absen based on the clear strategic 
direction and organizational structure, outstanding financial performance, 
strong risk management ability and inspiring corporate culture. This award will 
boost our confidence in continuing to improve our business management as well 
as our products and services".

A judging panel conducted a detailed qualification and judging process at a 
broad range of criteria under the headings of strategy, capability, commitment 
and financial performance. Absen impressed the panel with "management 
excellence" and was recognized one of the best managed companies of "industry 
leadership, global thinking, long-term strategy, innovative development and 
people-oriented".

With a reputation of providing high quality LED displays, the award-winning 
brand Absen, which is celebrating 10 consecutive years of being No. 1 in 
exporting LED panels, has been focused on the LED display business for more 
than 18 years. It boasts advanced manufacturing and a developed customer 
service network with 15 domestic and overseas companies worldwide and attaches 
great importance to innovation. In 2018, Absen achieved revenue of nearly 2 
billion RMB, with a year-on-year growth of 29%. Its investment in R&D is 3% 
higher than other companies in the industry. 

What especially separates Absen apart from other companies in the industry is 
its extraordinary financial stability, which enables it to be trusted by its 
global clients like Chinese Football Association Super League (CSL).

"By launching the first BMC program in China, Deloitte worked with partners in 
various sectors to nominate candidates, review candidates' information, 
organize Best Managed CEO Lab on-site review and mentorship, and arrange 
reviews by an Independent Review Committee. The final list of 23 winners shows 
management excellence across different sectors," said Zhao Jian, lead partner 
of the BMC Program.

SOURCE  Absen