Sunlight Lighting, Sanxiong Aurora, and MLS release their 2022 annual reports

Sunlight Lighting's 2022 revenue was approximately 3.731 billion yuan

Sunlight Lighting released its annual performance report on the evening of April 21, stating that revenue in 2022 was approximately 3.731 billion yuan, a Year-on-year (YoY) decrease of 12.5%; net profit attributable to shareholders of the listed company was approximately 184 million yuan, a Year-on-year (YoY) decrease of 41.78%.

Sunlight Lighting stated that the decrease in net profit was mainly due to the impact of complex international situations such as the Russia-Ukraine conflict, the slow development of the lighting industry, which affected the company's overseas business.

During the reporting period, Sunlight Lighting invested significant efforts in organizational restructuring, cost reduction and efficiency improvement, independent innovation of new products, and aggressive market expansion.

In optimizing the management structure, in 2022, Sunlight Lighting adjusted its organizational structure based on actual conditions and future development needs: centered on the autonomous product strategy, it reorganized the Group's Technology Innovation Center to establish a product roadmap with smart lighting autonomous products as the core path; focused on the autonomous market strategy, prioritizing the restructuring of existing export markets by OEM and autonomous products, while continuing to deepen the domestic market according to the 'Three Autonomies Strategy'; centered on the autonomous brand strategy, it defined the core philosophy of Sunlight Lighting's autonomous brand.

In promoting cost reduction and efficiency improvement, Sunlight Lighting has focused on its core LED lighting business. Through measures such as controlling gross margin per order, optimizing design to reduce BOM costs, developing new products, building an independent brand, controlling expenses, reducing procurement costs, coordinating automated manufacturing production, and upgrading the SAP system, it has deeply explored internal management benefits, further expanding its development space and profitability.

In terms of innovative product iteration, Sunlight Lighting, by understanding the OEM market landscape and accurately grasping customers' true needs, develops products that meet customer requirements, maintains product competitiveness, and sustains long-term, stable, and positive relationships with clients; leveraging the geographical advantages of its overseas teams to create more opportunities for client visits, while maintaining existing products and recommending new ones, it continuously gathers customer feedback and relays it to domestic product management and technical teams, fostering a virtuous cycle of interaction.

In actively expanding the market, in 2022, Sunlight Lighting implemented differentiated marketing measures for the domestic market, Americas market, European market, and Asia-Pacific market, adopting multiple strategies to drive sales. In the domestic market, Sunlight Lighting has completed the setup of its operator team and backend systems; the centralized development of its (sales) channel distribution network is steadily progressing. Currently, over 100 new cooperative offline customers have been developed nationwide through the commercial distribution channel, generating an average monthly sales volume exceeding 3 million yuan. In terms of channel construction, partnering with Baidu Xiaodu, more than 70 Sunlight-Baidu Smart Experience Zones have been established in Sunlight specialty stores , fully launching the home smart lighting market. In project engineering channels, the focus remains on niche industry sectors.

Sanxiong Jiguang's net profit increased by 261.31% year-on-year in 2022

Sanxiong Jiguang disclosed its annual report on the evening of April 21. Revenue in 2022 reached 2.264 billion yuan, a Year-on-year (YoY) decrease of 16.42%; net profit was 95.2267 million yuan, a Year-on-year (YoY) increase of 261.31%.

Company's main products include two major categories: LED lighting products and lighting control and other products. The application areas of the products cover commercial lighting, office lighting, industrial lighting, home lighting, outdoor lighting, etc.; it possesses integrated comprehensive service capabilities for outdoor lighting projects from solution design, product supply to construction, installation and commissioning, and project handover. Sanxiong Jiuguang stated that the company has strong brand and market advantages in professional lighting fields such as commercial lighting and engineering lighting, and is a provider of overall lighting solutions in the lighting industry.

Looking at segments, in commercial lighting , to better achieve the strategic goal of "cultivating a batch of champions in commercial lighting sub-markets" and provide users with more professional products and services, the company's commercial lighting segment has built a new business architecture centered on eight project departments , deeply cultivating major sub-industries. During the reporting period, due to market demand contraction and exceptionally fierce industry competition, especially in the commercial lighting sector, the company's commercial lighting revenue decreased by 21.16% overall. The commercial lighting business department includes real estate project departments, public space project departments, commercial chain project departments, industrial lighting project departments, intelligent emergency project departments, hotel project departments, etc.

In terms of home lighting , the company's home lighting division has established a dedicated project team to design corresponding products and solutions based on the needs of (Sales) channels and full-house decoration companies. Despite a decline in retail channel sales revenue, in 2022, the company's home business division achieved significant growth in sales revenue through both designer channels and full-house decoration company channels. Specifically, sales revenue from the Yingling series sold through designer channels increased by 88% Year-on-year (YoY); the home full-house decoration business, having started relatively recently with a small base, saw a year-on-year growth rate exceeding 2 times.

In 2022, the company's e-commerce business continued to grow rapidly, achieving sales revenue of 132 million yuan for the year, a Year-on-year (YoY) increase of 51.16%. In 2022, the company's home furnishing products (including e-commerce) generated total Revenue of 345 million yuan, showing a counter-trend Year-on-year (YoY) growth of 8.2%.

In terms of hardware (Sales) channels, in 2022, although the broader environment had a significant impact on Dealers and the development of sales outlets, during the reporting period the company still opened more than 8,000 new hardware sales outlets. After excluding those that were optimized or terminated, the current stock of sales outlets exceeds 26,000.

Regarding outdoor landscape business, due to qualification limitations, the projects undertaken by Sanxiong Engineering Company remain primarily small and medium-sized. In 2022, the company's outdoor landscape-related revenue reached 77.9052 million yuan, a Year-on-year (YoY) increase of 3.24%.

MLS Revenue in 2022 was 16.517 billion yuan

According to the annual report released by MLS, in 2022, MLS revenue was 16.517 billion yuan, a year-on-year decrease of 11.27%; net profit attributable to parents was 194 million yuan, a year-on-year decrease of 83.27%.

MLS stated that, facing a complex and changing market situation, the company ensured steady development of its main business by scientifically adjusting operating strategies in combination with market and policy changes, optimizing the production and sales scale of benefit-oriented products, focusing on strengths to improve product sales prices, systematically advancing cost reduction and efficiency enhancement, and continuously improving technological innovation capabilities.

Currently, MLS operates two main business segments: brand lighting and LED intelligent manufacturing. Among them, the brand lighting segment mainly includes overseas brand systems represented by "LEDVANCE" and the "MLS" brand. During the reporting period, the two brands generated revenues of 9.615 billion yuan and 1.654 billion yuan respectively, accounting for 58.21% and 10.01% of total revenue. The company's brand matrix covers multiple fields such as connected lighting, professional lighting, and general lighting.

LED intelligent manufacturing businessMain products cover two major sectors: white light and RGB direct display. Among them, white light LEDs are mainly applied in various lighting products, including commercial and residential lighting, municipal engineering lighting, backlighting for electronic products, etc. RGB direct displays are mainly used in large advertising screens, all-in-one meeting machines, large-scale event displays, etc. Additionally, MLS is advancing R&D on fine-pitch, Mini/Micro LED packaging technologies. During the reporting period, revenue from the intelligent manufacturing business was 4.976 billion yuan.

Looking ahead to 2023, MLS stated that the company focuses externally on customer-centricity, creating value for customers through high-quality products, solutions, and services; internally, it centers on efficiency, focusing on optimizing business structure, enhancing overseas operations, deepening corporate reform, and strengthening innovation-driven development.