14 listed LED lighting companies announce Q3 performance!

Absen

Absen achieved revenue of 679 million yuan in the third quarter, a year-on-year increase of 21.68%; net profit attributable to parents was 32 million yuan, turning from loss to profit year-on-year. In the first three quarters, Absen achieved revenue of 1.78 billion yuan, a year-on-year increase of 26.94%; net profit attributable to parents was 114 million yuan, also turning from loss to profit year-on-year.

Absen previously stated that in the first three quarters, due to the impact of the pandemic and economic downward pressure, revenue in the Chinese market declined, while the overseas market saw a full recovery. In the first three quarters of 2022, international market revenue grew by nearly 100% year-on-year compared to 2021, driving a significant increase in the company's gross margin for the first three quarters.

Dongshan Precision

Dongshan Precision's Q3 revenue was 8.272 billion yuan, a year-on-year increase of 6.03%; net profit attributable to the parent company was 784 million yuan, a year-on-year increase of 32.18%. Revenue for the first three quarters reached 22.819 billion yuan, an increase of 4.64% compared to the same period last year; net profit attributable to the parent company was 1.581 billion yuan, a year-on-year increase of 31.94%.

In the first half of the year, affected by the pandemic and reduced end-user demand, the performance of Dongshan Precision's LED display business, touch panel business, and LCD module business all declined Year-on-year (YoY).

In October this year, Sanan Optoelectronics announced the acquisition of a 60% equity stake in Yancheng Dongshan, a subsidiary of DS Precision. The company is mainly engaged in LED display device business. After the acquisition, Yancheng Dongshan will become a controlling subsidiary of Sanan Optoelectronics and be included in its consolidated financial statements.

Xingyu Shares

Xingyu Shares stated that the company's operating situation in Q3 2022 was good, with revenue increasing by approximately 30% year-on-year and net profit attributable to shareholders increasing by approximately 75% year-on-year. In Q3, the production and sales of Xingyu Shares' headlamps, rear combination lamps, and side marker lights all increased both year-on-year and quarter-on-quarter.

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Shiyida

Shibuya's Q3 revenue was 155 million yuan, a year-on-year (YoY) decline of 37.93%; net profit attributable to the parent company was 30 million yuan, a year-on-year (YoY) increase of 79.36%. In the first three quarters, Shibuya's revenue was 523 million yuan, a year-on-year (YoY) decline of 24%; net profit attributable to the parent company was 151 million yuan, a year-on-year (YoY) increase of 229.41%.

Shiyida operates in two main sectors: smart hardware and smart marketing. The smart terminal product business mainly consists of LED smart lighting terminal products. In the first half of the year, Shiyida received government compensation for land acquisition, leading to increased asset disposal gains and non-operating income, resulting in growth in net profit.

Gangpu Shares

Guangpu Shares Q3 revenue was 157 million yuan, a year-on-year (YoY) decline of 35.96%; net profit attributable to the parent company was 28 million yuan, a YoY decline of 6.15%. In the first three quarters, Guangpu Shares revenue was 691 million yuan, a YoY decline of 10.82%; net profit attributable to the parent company reached 115 million yuan, a YoY increase of 13.41%.

Guangpu Shares mainly manufactures semiconductor optical application products. In the first half of the year, Guangpu Shares adjusted its product structure and increased its portfolio of light health products, resulting in growth in revenue and net profit.

MTC Shares

MTC Shares Q3 revenue was 3.843 billion yuan, a year-on-year (YoY) decline of 44.92%; net profit attributable to the parent company was 354 million yuan, a YoY decline of 32.90%. In the first three quarters, MTC revenue was 10.953 billion yuan, down 39.76% YoY; net profit attributable to the parent company was 881 million yuan, down 44.15% YoY. MTC stated that due to the global economic downturn, the decline in shipment volumes led to a YoY decline in revenue for the first three quarters.

In February this year, Zhaochi Shares' controlling shareholder Nanchang Zhaotou and its concerted action party, actual controller Gu Wei, signed a share transfer agreement with Shenzhen Capital Group and its subsidiary Yixin Investment to transfer 19.73% of the company's shares. On July 25, 2022, the share transfer was completed, and the controlling shareholder and actual controller of Zhaochi Shares changed to Shenzhen Capital Group.

Han's Laser

Han's Laser Q3 revenue was 3.625 billion yuan, a year-on-year (YoY) decline of 18.43%; net profit attributable to the parent company was 382 million yuan, a YoY decline of 37.58%. Revenue for the first three quarters was 10.562 billion yuan, a YoY decline of 11.47%; net profit attributable to the parent company was 1.014 billion yuan, a YoY decline of 32.45%.

Han's Laser stated that due to the pandemic, there was insufficient demand from downstream customers and a reduction in orders, resulting in significant fluctuations in the company's operating profit, total profit, income tax expense, net profit, and net profit attributable to parent company shareholders compared to the same period last year.

Rayman Optoelectronics

Rainbow Optoelectronics Q3 revenue was 263 million yuan; net profit attributable to the parent company was 14 million yuan. Revenue for the first three quarters was 879 million yuan; net profit attributable to the parent company was 41 million yuan.

Leeman stated that international market demand is strong, achieving overseas business revenue of 628 million yuan in the first three quarters, a year-on-year increase of 17.4%. Among them, international display business achieved revenue of 357 million yuan, up 32.2% year-on-year; international lighting business achieved revenue of 270 million yuan, up 1.9% year-on-year. The domestic market was affected by the epidemic, with business revenue of 251 million yuan in the first three quarters.

Sanan Optoelectronics

Lianjian Optoelectronics achieved revenue of 481 million yuan in the third quarter, a year-on-year increase of 75.65%; net profit attributable to shareholders was 32 million yuan, up 138.90% year-on-year. In the first three quarters, Lianjian Optoelectronics' revenue reached 977 million yuan, up 25.96% year-on-year, but net profit attributable to shareholders shifted from profit to loss.

Sanan Optoelectronics mainly engages in LED display business; its overseas revenue share has been growing year by year in recent years. In the first half of this year, with the gradual normalization of the overseas pandemic situation, Sanan Optoelectronics' overseas business rose significantly compared to last year.

Hao Yang Shares

HaoYang Shares achieved revenue of 358 million yuan in the third quarter, a year-on-year increase of 75.26%; net profit attributable to shareholders was 126 million yuan, up 116.40% year-on-year. In the first three quarters, HaoYang Shares achieved revenue of 929 million yuan, a year-on-year increase of 136%; net profit attributable to shareholders was 302 million yuan, up 226.43% year-on-year.

Hao Yang Shares mainly engages in stage entertainment lighting equipment, architectural lighting equipment, trusses and other products. The revenue and net profit growth in the first three quarters is mainly due to the normalization of global COVID-19 prevention and control measures, the gradual relaxation of restrictions on global performance activities, and the recovery of market demand for performance equipment.

Mingzhi Microelectronics

Fuman Micro achieved revenue of 151 million yuan in the third quarter; net profit attributable to the parent company was 50 million yuan. Revenue for the first three quarters was 603 million yuan, and net profit attributable to the parent company was 73 million yuan.

Fullmoon Micro focuses on analog integrated circuit chip business, with main products including LED screen control and drive, MOSFET, MCU and other chip products. In the first three quarters, due to many factors such as weak demand for consumer electronic terminal products, downward market prices, and RMB depreciation, the company's performance declined.

Jucan Optoelectronics

Jucan Optoelectronics Q3 revenue was 536 million yuan, a year-on-year increase of 3.35%; net profit attributable to the parent company turned from profit to loss. In the first three quarters, Jucan Optoelectronics revenue was 1.541 billion yuan, a year-on-year increase of 4.20%; net profit attributable to the parent company was 29 million yuan, a year-on-year decline of 77.67%.

Currently, Sanan Optoelectronics focuses on the R&D and sales of high-end LED chips such as Mini/Micro LED and automotive lighting. In August, its fundraising of up to 1.2 billion yuan for the Mini/Micro LED chip R&D and manufacturing expansion project was accepted by the Shenzhen Stock Exchange ChiNext Board. It is reported that upon completion, the project will form an annual production capacity of 7.2 million Mini LED chips.

Sanan Optoelectronics

Sanan Optoelectronics Q3 revenue was 484 million yuan; Sanan Optoelectronics achieved revenue of 1.767 billion yuan in the first three quarters. Net profit turned from profit to loss for both periods.

Sanan Optoelectronics is accelerating the upgrade of its product structure, with high-margin segments such as premium lighting, automotive lighting, and horticultural lighting becoming key performance drivers. Currently, its Mini LED shipment volumes are gradually increasing, having entered the supply chains of major companies like Innolux and BOE; Micro LED has been continuously supplied in small batches to leading domestic and international enterprises, with product performance and yield steadily improving; benefiting from strong demand in the automotive market, Sanan's automotive lamp chip shipments increased in the first half of the year, and subsequent profitability is expected to improve gradually.

Shikong Technology

时空科技第三季度营收0.31亿元，同比下滑85.73%；前三季度实现营收3.08亿元，同比下降51.58%。归母净利润均由盈转亏。

Shikong Technology, as a lighting engineering service provider, focuses on cultural tourism lighting, landscape lighting, and professional scene lighting. Affected by macroeconomic fluctuations, repeated outbreaks of the pandemic, and other factors, investment demand and scale in the landscape lighting industry have shrunk, leading to a decrease in the company's new orders this year. Additionally, new businesses such as smart parking are in the development phase, and performance conversion still requires time.

Source: LEDinside