Summary of Q1 Performance Reports from Over 20 LED Enterprises
公牛集团、三安光电、佛山照明、星宇股份、立达信、聚灿光电、英飞特、必易微等多家LED相关企业发布第一季度报告。来看看这些上市企业一季度表现如何？
Sanan Optoelectronics
According to the announcement, Sanan Optoelectronics achieved revenue of 2.908 billion yuan in Q1 2023, a year-on-year decrease of 6.42%; net profit was 214 million yuan, a year-on-year decrease of 50.22%.
Sanan Optoelectronics' net profit decline was mainly due to the slow recovery of consumer demand during the reporting period, slower recovery in the company's LED and RF front-end businesses, insufficient operating rates, rising costs, and narrow profit margins; while power electronics and optical technology businesses continued to advance, with continuous improvements in revenue and profits, their impact on performance during the reporting period was limited, resulting in a significant drop in the company's net profit.
It is reported that in 2022, the company's business scale in high-end LED products such as Mini/Micro LED, horticultural lighting, automotive lighting, UV, and IR expanded further, achieving a year-on-year sales revenue growth of 47.23%. Sanan Optoelectronics stated that the company is actively increasing the structural proportion of products in these segments.
MTC
In Q1 2023, MTC Shares achieved revenue of 3.695 billion yuan, a year-on-year decrease of 1.02%; net profit attributable to the parent company reached 383 million yuan, a year-on-year increase of 10.82%.
MTC Shares stated that in 2023, it will continue to strengthen market competitiveness across all links of the LED industry / supply chain, leverage the vertical integration synergy advantages of the LED industry / supply chain, and seize opportunities in Mini/Micro LED.
Just this March, the COB packaging production lines of Zhaochi Crystal Display, a subsidiary of Zhaochi Shares, signed an agreement in Nanchang, Jiangxi, completing the plan to expand by 1,600 production lines. Zhaochi Shares continues to increase its investment in the COB packaging route and is expanding into the Mini/Micro LED market.
Hongli Zhuhui
Hongli Zhihui released its Q1 2023 report, with revenue of 716 million yuan for the reporting period, a year-on-year (YoY) decrease of 14.48%; net profit attributable to shareholders of the listed company was 45.315 million yuan, a YoY decrease of 15.30%.
It is understood that in recent years, Hongli Zhihui has been focusing on Mini/Micro LED and automotive lighting businesses to achieve new performance growth points.
Jucan Optoelectronics
Jucan Optoelectronics released its Q1 2023 report. The announcement shows that Jucan Optoelectronics achieved revenue of 543 million yuan, a year-on-year increase of 12.89%; net profit attributable to shareholders of the listed company was -7.59 million yuan, turning from profit to loss compared to the same period last year.
Jucan Optoelectronics stated that in the future, with the advancement of the "High Luminous Efficacy LED Chip Capacity Expansion and Upgrade Project" fundraising project, combined with the implementation of the "Mini/Micro LED Chip R&D and Manufacturing Expansion Project" for which administrative licensing approval from the CSRC was obtained at the beginning of this year, high-end and high-price products such as Mini LED and automotive lighting will be launched successively, further enriching our product categories.
Sanan Optoelectronics
The announcement shows that Polilight Optoelectronics achieved revenue of 537 million yuan in the first quarter of 2023, a year-on-year increase of 5.79%; net profit reached 58 million yuan, up 11.11% year-on-year.
Polyfill Optoelectronics products are mainly divided into backlight LED devices and lighting LED devices. In recent years, Polyfill Optoelectronics has been expanding into new LED businesses such as automotive LEDs, Mini/Micro LEDs, invisible light, and high-end lighting.
MLS
In the first quarter of 2023, MLS achieved revenue of 4.08 billion yuan, a year-on-year increase of 2.13%; net profit attributable to the listed company was 141 million yuan, a year-on-year decline of 22.62%.
Regarding the 'Future Development Strategy', MLS stated that it will focus on lighting business, uphold 'Brand-led, Innovation-driven, Global Synergy' as strategic guidance, practice the values of 'Pragmatism, Responsibility, Innovation', achieve synergy in global R&D, supply chain and manufacturing, strengthen channel cultivation, promote channel empowerment, continuously maintain industry-wide advantages in the lighting sector, create a new industrial pattern of diversified development, and strive to become a global leader in providing innovative + smart lighting solutions.
Mighty
The announcement shows that Kiwi Microelectronics achieved revenue of 132 million yuan in the first quarter of 2023, a year-on-year decrease of 21.2%; net profit was -2.3118 million yuan, a year-on-year decrease of 107.92%.
Bestchip pointed out in the announcement that the sustained impact of rising chip prices, new product expansion into new markets to mitigate risks, performance recovery not yet reaching previous highs, and expansion of R&D scale are the main factors affecting performance.
BestKey Microelectronics' main business is the design and sales of power management chips and motor drive control chips. Products are mainly applied in LED lighting, general power supplies, home appliances, and IoT fields.
Sunlight Lighting
Sunlight Lighting achieved total operating revenue of 762 million yuan in Q1 2023, a Year-on-year (YoY) decrease of 20.85%; net profit attributable to the parent company was 58.2245 million yuan, a Year-on-year (YoY) increase of 1663.07%.
It is reported that in 2022, Sunshine Lighting restructured its organization based on actual conditions and future development needs: centered on the autonomous product strategy, it reorganized the Group's Technology Innovation Center, established a product roadmap with smart lighting autonomous products as the core path; centered on the autonomous market strategy, it focused on restructuring the existing export market by organizing OEM products and autonomous products separately, while continuing to deepen the domestic market according to the 'Three Autonomies Strategy'; centered on the autonomous brand strategy, it defined the core concept of Sunshine Lighting's autonomous brand.
OPPLE Lighting
OPPLE Lighting's revenue for Q1 2023 was approximately 1.503 billion yuan, a year-on-year increase of 3.27%; net profit attributable to shareholders of the listed company was approximately 97.9067 million yuan, a year-on-year increase of 47.79%, mainly due to the simultaneous rise in revenue and gross margin this period.
It is understood that in the field of whole-house smart lighting, OPPLE has launched a new generation of SDL Smart Spectrum, delivering a lighting experience that allows users to "bring sunlight home". Currently, over 100 whole-house smart experience centers are being gradually established nationwide, while simultaneously upgrading the "Five-Star Smart Service for Whole-House Intelligent Lighting". Additionally, in the high-end smart home appliance sector, OPPLE has successively launched independently developed products such as bathroom heaters and fan lights. In the commercial lighting sector, OPPLE's intelligent lighting management software has exceeded 100,000 devices per project node, supporting road lighting construction in over 100 cities.
Lextar
Lextar Electronics achieved revenue of 1.481 billion yuan in Q1 2023, a Year-on-year (YoY) decline of 17.4%; net profit was approximately 34.3589 million yuan, a Year-on-year (YoY) decline of 63.92%.
3月28日，立达信与华为举行了鸿蒙系统合作签约仪式。根据协议，双方将基于开源鸿蒙操作系统强大的跨设备互联互通的功能，以及立达信在照明和物联网行业的深厚积淀，在智能照明领域探索更多元的智慧生活新形态。
Sanxiong Aurora The announcement shows that Sanxiong Jiguang achieved revenue of 390 million yuan in the first quarter of 2023, a year-on-year decrease of 6.98%; net profit reached 11.71 million yuan, a year-on-year decrease of 49.57%.
Sanxiong Aurora recently stated that the company will continue to implement its strategic goals in the coming years, further deepen its presence in the lighting industry, maintain and consolidate its competitive advantage in the commercial lighting sector, strive to establish a leading position in key industry sub-segments, and ensure sustained and healthy business development.
Foshan Lighting
In the first quarter of 2023, Foshan Lighting achieved revenue of 2.194 billion yuan, a year-on-year increase of 7.03%; net profit attributable to shareholders of the listed company was 66 million yuan, a year-on-year increase of 6.28%.
Regarding the 'Future Development Strategy', Foshan Lighting stated that it will continue to focus on technology and service as the main thread, concentrate on brand and value, closely revolve around upgrading to 'mid-to-high-end intelligent manufacturing', transforming into 'providing products and overall solutions', and leaping towards 'human-centric lighting that is smart, healthy, and green'; meanwhile, it will exert efforts at the application end, continuously expand into the IoT ecosystem and niche fields, constantly develop new application scenarios and products, continuously improve core competitiveness, and accelerate high-quality development in a new round.
Xingyu Shares The report shows that in Q1 2023, Xingyu Co. achieved revenue of 1.923 billion yuan, a year-on-year (YoY) decline of 9.84%; net profit attributable to shareholders of the listed company was 204 million yuan, a YoY decline of 24.46%. Xingyu Shares pointed out that in the future it will persist in strengthening, optimizing, and expanding its core business of automotive lighting. It will continue to focus on advantageous resources, consolidate its competitive advantage in the passenger car lighting market, and achieve business growth while solidifying its leading position in the automotive lighting industry through measures such as deepening relationships with existing customers, optimizing product structure, enhancing lighting technology, developing new energy vehicle clients and international markets, and optimizing layout. Depuon Lighting In the first quarter of 2023, Dephen Lighting achieved revenue of 1.106 billion yuan, a year-on-year (YoY) decline of 11.95%; net profit attributable to shareholders of the listed company was 66 million yuan, a year-on-year (YoY) increase of 9.77%. 得邦照明表示，未来将持续做大民用照明、做强商用照明、做专车载业务。通用照明板块，公司将继续巩固民用照明的优势地位，并积极发展商用照明，通过定制化、智能化和专业化，不断提升得邦产品价值；车载业务版块，公司将聚焦“车载控制器+车用照明”，持续加大投入，顺利推进现有项目，并积极争取新项目和新客户。 Flying Light Audio According to the report, Flying Audio's Q1 2023 revenue was 406 million yuan, a year-on-year (YoY) decrease of 64.32%; net profit attributable to shareholders of the listed company was -15.3799 million yuan. 
公司的核心业务包括智能硬件产品、解决方案和检验检测三大板块，其中，智能硬件板块包括汽车照明、车身控制、模块封装、芯片测试服务等业务；解决方案板块包括智慧水务、智能制 造及工业互联网安全等业务。
Inventronics
The announcement shows that E-IPower's revenue in the first quarter of 2023 was approximately 270 million yuan, a year-on-year (YoY) decrease of 16.93%; the net profit attributable to shareholders of the listed company showed a loss of approximately 14.88 million yuan, a year-on-year (YoY) decrease of 178.49%.
To further expand its (Sales) channels and perfect its global layout, Inovance announced in June 2022 the Acquisition of the Lighting Components Digital Systems Division under AMS OSRAM, and in July revealed a related private placement fundraising project worth 1 billion yuan; on April 6, AMS OSRAM announced that it confirmed the completion of the transaction to sell its digital lighting systems business in Europe and Asia to Inovance Electronics.
Mao Shuo Power
Moshuo Power achieved revenue of 330 million yuan in Q1 2023, a year-on-year (YoY) decrease of 2.41%; net profit attributable to the parent company was 18.5257 million yuan, a year-on-year (YoY) increase of 92.22%.
It is reported that under the development strategy of "focusing on power supply and concentrating on core businesses", Moshuo Power has deeply cultivated two main businesses: consumer electronics power supplies and LED power supplies. It has now become a globally leading power supply solution provider and a landmark enterprise in China's power supply industry.
3月23日，茂硕电源举行LED照明智能驱动新品发布会。活动现场，茂硕电源还与华普永明签订战略合作意向订单。根据协议，双方达成2023年度LED驱动电源战略合作意向订单1亿元人民币，后续，双方将成立联合共创工作组，打通LED照明驱动产业链上下游，助力实现更健康、更高效、更智能的城市照明解决方案。
Igor
2023年一季度，伊戈尔实现营收6.39亿元，同比增长0.49%；归母净利润为0.19亿元，同比下降45.55%。伊戈尔表示，净利润下滑主要是本期股份支付费用、财务费用、所得税费用同比增加所致。
Igor's business revolves around the "2+X" strategic layout, based on energy products and lighting products, while actively expanding into new application areas such as automotive power supplies, automotive inductors, communication power supplies, and energy storage.
In 2022, Igor's energy product revenue grew year-on-year by 47.76%, while lighting products achieved revenue of 851 million yuan, a year-on-year decline of 3.82%.
Leyard Lianyan achieved revenue of 1.782 billion yuan in Q1 2023, a year-on-year increase of 1.17%; net profit attributable to the parent company was 122 million yuan, up 6.07% year-on-year. Recently, when releasing the investor relations activity record, Leyard provided answers regarding changes in the 2023 market situation. The company pointed out that overseas, mid-range and mass-market demand in Europe and America has emerged, and the company will further plan the market; growth in Asia, Africa, and Latin America markets remains strong, with an annual planned growth of 40%. Domestically, direct sales recovered quickly starting in March, with strong order growth rates across major sectors including defense, education, and energy; regarding (sales) channels, Lianyi implemented its Gold Plan this year, targeting a 30% annual growth. Furthermore, at the Leyard Group's 2022 Performance Briefing & 2023 Strategy Launch Event, Leyard Chairman Li Jun stated that the company is advancing from a single product to an overall Solution (software + content) and innovative technologies and business formats, moving from revenue of billions to hundreds of billions and even trillions of yuan, with an annual order growth target of 20%-30%. Han's Laser Han's Laser disclosed its Q1 report, achieving revenue of 2.425 billion yuan in the first quarter, a year-on-year (YoY) decrease of 28.55%; net profit was 142 million yuan, a year-on-year (YoY) decrease of 57.15%. Regarding the reasons for the change in performance, Han's Laser stated that it was mainly due to insufficient demand from customers in its downstream industry and a reduction in orders. Data shows that Han's Laser's main business is the R&D, production and sales of intelligent manufacturing equipment and its key components. It has a vertically integrated advantage from basic components to complete equipment and process . Creeled The announcement shows that Xinruida achieved revenue of 300 million yuan in the first quarter of 2023, a year-on-year increase of 40.82%; net profit reached 39 million yuan, a year-on-year increase of 34.25%. 
