First Look at the 2022 Performance of Sanxiong, Inventronics, and Biakom

Sanxiong Jiguang: Net profit in 2022 increased by 286.8% year-on-year

Sanxiong Jiguang released its 2022 annual performance summary, with revenue of approximately 2.291 billion yuan, a year-on-year (YoY) decrease of 15.4%; net profit attributable to shareholders of the listed company was approximately 102 million yuan, a year-on-year (YoY) increase of 286.8%; basic earnings per share were 0.37 yuan, a year-on-year (YoY) increase of 270%.

Puxiong Aurora stated that during the reporting period, due to factors such as the repeated outbreaks of the epidemic and the downturn in the real estate industry, the company's revenue decreased compared to the same period last year. The company continued to implement cost reduction and efficiency improvement measures, resulting in a 1.59 percentage point increase in gross profit margin compared to the same period last year. At the same time, the company's credit impairment losses significantly decreased compared to the same period last year, while government subsidies included in the current period's profit and loss and investment income increased significantly compared to the same period last year, mainly due to cash dividends distributed by the company during the reporting period.

Inventronics: 2022 Revenue and Net Profit Both Increased

Inventronics released its 2022 performance forecast. The announcement shows that during the reporting period, the company achieved total operating revenue of 1.513 billion yuan, an increase of 6.86% year-on-year; operating profit of 235 million yuan, an increase of 9.89% year-on-year; and net profit attributable to shareholders of the listed company of 204 million yuan, an increase of 12.02% year-on-year.

Inventronics stated that during the reporting period, the company actively expanded domestic and international markets and deepened customer needs analysis. Orders in overseas markets achieved rapid growth, overall revenue continued to increase steadily, ensuring profit growth.

BigEasy Micro: Net profit attributable to parents in 2022 fell year-on-year by 84.16%

Easy-Link released its 2022 performance summary. In 2022, the company achieved total operating revenue of 526 million yuan, a Year-on-year (YoY) decrease of 40.72%; net profit attributable to owners of the parent company was 37.9635 million yuan, a Year-on-year (YoY) decrease of 84.16%.

BrightPower stated that in 2022, the global pandemic occurred frequently and geopolitical tensions were high, leading to an overall weak performance in the consumer market. In particular, market demand hit its lowest point in the third quarter. Considering the full year, the company's Revenue declined compared to the previous year.

Due to the chip supply shortage in 2021, manufacturers in the general LED lighting sector adopted a more aggressive inventory strategy, resulting in a prolonged de-stocking cycle in 2022. Changes in the supply-demand relationship led to a decline in the gross profit margin of general LED driver chips and a significant increase in asset impairment losses compared to the previous period. Furthermore, to meet the needs of future product layout and business expansion, the company continued to strengthen its efforts in recruiting high-level talent and increasing R&D investment. In 2022, R&D expenses accounted for over 20% of Revenue. Additionally, to address the overall sluggishness in the consumer market, the company intensified its market development efforts, leading to an increase in selling expenses. These factors combined resulted in a Year-on-year (YoY) decline in Net profit for the company.