Revenue and net profit both grow; which lighting companies show such stable performance?

Foshan Lighting

Foshan Lighting released its semi-annual performance report stating that revenue in the first half of 2022 was approximately 4.348 billion yuan, a year-on-year increase of 19.91%; net profit attributable to shareholders of the listed company was approximately 161 million yuan, a year-on-year increase of 31.29%.

Since 2021, Foshan Lighting has acquired and consolidated control over Nanning Liaowang and Sanan Optoelectronics. The company's main business currently includes the R&D, production, and sales of general lighting, electrical products, automotive lighting, LED packaging products, etc.

Company, through controlling Guoxing Optoelectronics, covers the entire LED industry chain including upstream LED chip manufacturing, midstream LED packaging, and downstream LED application products, optimizing the industry chain and enhancing the company's competitiveness and influence in the sector.

During the reporting period, Foshan Lighting expanded market growth through the following methods:

First, comprehensively expand niche segments. In the marine lighting field, focus efforts on three directions: deep-sea lighting, fish aggregation lighting, and aquaculture lighting. During the first half of the year, establish sales outlets and experience zones (halls) in coastal provinces across China and Southeast Asian markets, while accelerating cooperation with large enterprises and aquaculture demonstration bases, gradually expanding the marine lighting market. In the smart lighting field, launch "Scan-to-Connect" lightweight smart series products, microwave sensor lights, and other intelligent products and solutions. In the healthy lighting field, focus on vision protection, circadian health, and disinfection/sterilization, iteratively launching third-generation high-quality products; be the first to introduce visible light "photocatalyst" disinfection series new products, achieving a dual function of "eye protection + disinfection".

Secondly, actively expand the project pipeline. Strengthen cooperation with design institutes around front-end project planning and design, technological innovation application, etc., and have signed a strategic cooperation framework agreement, effectively expanding the project sources.

Third, we are strengthening and expanding our automotive lighting business. Nanning Liaowang is actively moving towards the mid-to-high-end market, strengthening product R&D, optimizing product structure, and newly acquiring multiple OEM clients. During the reporting period, Nanning Liaowang added 19 new vehicle model lighting development projects, of which 5 have already entered mass production. The increase in new projects has laid a solid foundation for Nanning Liaowang's future development.

此外，公司深耕照明行业超过60年，“佛山照明”品牌影响力和品牌价值持续提升，连续17年入选“中国500最具价值品牌”榜单，2022年佛山照明品牌价值达到265.29亿元。

Leman Optoelectronics

According to the first-half report of Rayman Optoelectronics, the company achieved revenue of 616 million yuan in the first half of 2022, an increase of 8.55% compared to the same period last year; net profit attributable to shareholders of the listed company was 27.4477 million yuan, an increase of 34.56% compared to the same period last year.

In the first half of the year, overseas LED market demand remained highly robust. Overseas business generated revenue of 449 million yuan, a Year-on-year (YoY) increase of 40.61%. Among them:

The international display business segment achieved revenue of 253 million yuan, representing a 53.64% year-over-year increase, with particularly significant growth in shipment volumes across North and South American regional markets;
The international lighting business segment generated revenue of 195 million yuan, a year-on-year (YoY) increase of 26.00%. During the reporting period, the company's wholly-owned subsidiary Tuoxiang Technology intensified R&D efforts for new LED lighting products and expanded its product portfolio. The gross profit margin for the lighting business segment increased by 2.75 percentage points compared to the same period last year.

Domestic business generated revenue of 167 million yuan. Ledman Optoelectronics pointed out that due to the repeated outbreaks of the epidemic in many parts of China, the development, bidding, and construction of some domestic projects have been delayed. In terms of products, during the reporting period, the demand for LED micro-pitch displays continued to rise. COB (Chip on board) products with a pitch below P1.2 showed obvious differentiated competitive advantages and achieved significant breakthroughs in the fields of public security, justice, law, higher education, maritime affairs, petrochemicals, venues, and water conservancy.

Leman Optoelectronics focuses on the LED ultra-high-definition display and LED lighting industry. It was the first in the industry to launch and mass-produce Micro LED ultra-high-definition display products based on advanced COB integration packaging technology. Focusing on the development of the 8K ultra-high-definition industry, it has established a complete ecosystem and solution system for LED full-series products, including LEDMAN ultra-high-definition large screens based on advanced COB technology, LEDMAN smart conference interactive large screens, LEDMAN ultra-high-definition home giant screens, LED intelligent lighting, and LED creative displays.

During the reporting period, the company enhanced experiential marketing by establishing flagship experience centers, standard experience centers, and dedicated sales experience zones, laying a solid foundation for rapidly opening up the market for its home giant screen products. In the first half of this year, Ledman Optoelectronics further enriched its LEDMAN smart conference interactive large-screen product line, expanded downstream application scenarios, and increased product value-added.

Super Flower

Chuangpin San released its semi-annual report. Revenue for the first half of 2022 amounted to 580 million yuan, a year-on-year increase of 144.50%; net profit attributable to shareholders of the listed company was 30.2942 million yuan, a year-on-year increase of 2065.60%.

Super Frequency's main business is the R&D, production, and sales of new heat dissipation devices, lithium battery cathode materials, and LED lighting luminaires. In the first half of this year, the lithium battery cathode material business has gradually become the company's main business.

The main reason for the increase in performance is that, with the continuous and rapid development of the new energy industry, the market demand for lithium battery materials increased significantly compared to the same period last year. The sales volume and average selling price of the company's lithium battery cathode material products increased significantly, resulting in a substantial improvement in profitability compared to the same period last year.

In addition, the company's traditional heat dissipation and LED lighting businesses have all maintained a stable operating trend.

In the LED lighting field, Super Frequency Three's main products are LED lighting heat dissipation components, LED luminaires, energy performance contracting (EPC / EMC), and lighting engineering services. Among them, the company engages in urban, road, and indoor lighting energy-saving projects and lighting engineering project implementation, as well as energy performance contracting business, through subsidiaries such as Jionda Energy and Zhongtou Optoelectronics. During the reporting period, revenue from LED lighting luminaire products was 48 million yuan, a year-on-year increase of 47.22%, with a gross margin of 18.46%, an increase of 17.66% compared to the same period last year.

Gongpu Shares

The semi-annual report of Guangpu Shares shows that the company achieved revenue of 534 million yuan in the first half of the year, a year-on-year increase of 0.80%; net profit attributable to shareholders of the listed company was 86.8188 million yuan, an increase of 21.67% compared to the same period last year.

Sanan Optoelectronics' main products are semiconductor optoelectronic applications, new flexible circuit materials, and medical beauty services. Among them, semiconductor optoelectronic applications mainly include semiconductor optoelectronic sensors, professional lighting luminaires, smart lighting, UV semiconductor disinfection, and beauty personal care products.

Guangpu Shares stated that the growth in performance is mainly due to three factors: first, changes in product structure with continuous investment in new light-health products leading to steady revenue growth; second, the company actively carried out cost reduction and efficiency improvement work in the first half of this year; third, influenced by domestic pandemic control measures and inflation in Europe and America, the US dollar continued to appreciate, resulting in significantly higher exchange gains compared to the same period last year.

Among them, semiconductor light application sales revenue was 390.0051 million yuan, an increase of 3.21% compared to the same period last year. The company一方面 intensified new product development and increased market investment, while另一方面 carried out structural optimization of products and businesses, focusing on enhancing profitability, resulting in overall stable growth in revenue scale compared to the same period last year.

It is reported that the company has built and developed its own brand in the UV sterilization product series by undertaking Fujian Provincial Cold Chain Logistics Novel Coronavirus Disinfection Research Project "New High-Efficiency Low-Temperature Cold Chain Item Disinfection Technology and Comprehensive Support Equipment", Xiamen Major Science and Technology Project "Cold Chain Disinfection and Epidemic Prevention System R&D and Application", and Emergency Tackling Project "Verification Study on UV Dose for Novel Coronavirus Disinfection", consolidating the company's technical advantages in the field of UV disinfection. In addition, the company has developed more than 60 UV disinfection and sterilization product series .

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