6 lighting companies achieved profitability; the keyword was surprisingly...

According to data, the annual reports of six listed lighting companies—MLS, Foshan Lighting, OPPLE Lighting, Depeng Lighting, Sunway Lighting, and Sanxiong Aurora—show that all achieved profitability during the reporting period. Compared with the same period last year, net profit decreased year-on-year for four companies and increased for two.

In recent years, with the state attaching great importance to the intelligent and green environmental protection transformation and development of the real economy, more and more lighting enterprises have actively responded and accelerated their actions. In 2022, whole-house intelligence and creating green products were key focus areas for the lighting industry.

In 2022, MLS revenue was approximately 16.517 billion yuan, net profit approximately 194 million yuan; revenue ranked first, down 11.2% Year-on-year (YoY), while net profit ranked fourth, down over 80% Year-on-year (YoY). MLS stated that in 2022, the impact of overseas regional conflicts and changes in the macroeconomic environment led to a sharp decline in domestic demand, and the closure of overseas factories increased expenses, with these combined factors affecting full-year performance. Another company with a significant drop in net profit was Sunway Lighting, which saw a Year-on-year (YoY) decrease of 41.78%. Sunway Lighting attributed this mainly to the complex international situation, slow development in the lighting industry, which impacted the growth of its overseas business.

Whole-house intelligence attracts attention

Recently, iResearch released the "2023 China Residential Smart Lighting Industry Research Report". In 2023, the total capacity of China's lighting industry will break through 700 billion for the first time, among which the residential lighting market size will reach 41.3 billion. Currently, lighting enterprises and whole-house smart enterprises are deeply deploying smart lighting; the residential smart lighting market size will break through 10 billion for the first time, with smart products accounting for 24.2%.

According to the 2022 annual report, multiple listed lighting companies are accelerating their layout of intelligent lighting. MLS mentions in its annual report that the company's main businesses consist of two major sectors: branded lighting and LED intelligent manufacturing. The company's overseas brand system, Lumileds / LEDVANCE（朗德万斯）, has deeply cultivated the European and American lighting markets for many years. Its products cover four major sectors: home and office lighting, industrial lighting and industrial lighting systems, smart home business, and healthy lighting. As a leading brand enterprise, it also holds an important position in the high-end light source and smart home markets.

佛山照明表示，其以智能家居为发力点，不断向智慧路灯、智慧酒店等其他智能应用领域扩展；阳光照明在渠道建设方面携手小度智能在全国阳光专卖店建立70多家阳光小度智能体验场景区，全面开启家居智能照明市场。

Building on intelligence, whole-house smart lighting has also attracted significant attention. OPPLE Lighting stated in its annual report that in recent years the company has continued to expand into the whole-house smart lighting sector, established over 150 whole-house smart experience centers, and promoted the use of the digital design and sales platform "OPPLE Designer". The company places importance on the layout of online intelligent products; during the reporting period, the proportion of intelligent features in core online products exceeded 35%, and sales of intelligent products continued to grow.

三雄极光在年报中提到，家居照明风格变化快且更趋多元化，智能化诉求越来越强。智能和无主灯需求持续爆发，单灯智能已不能满足消费者需求，全屋智能产品已处于快速发展阶段，随着技术与方案日趋成熟，受到越来越多消费者的认可。针对消费者对灯具偏好的变化，公司主推影领系列作为无主灯家居照明方案的拳头产品，该系列产品不仅在风格上更加时尚美观，而且智能化水平得到提升，智能方案更加成熟。影领系列产品推出以来，近两年受到越来越多消费者的青睐，2022年销售额逆势大幅增长88%。

Industry experts believe that as more people use smart devices, smart lighting technology will become increasingly widespread. It is expected that an increasing number of smart lighting solutions will enter the market to meet the needs of modern homes and commercial spaces.

Green lighting becomes the focus

In the future, as people continue to pursue smart, healthy, and green products, high-quality development led by intelligent, healthy, and low-carbon green lighting systems will become the inevitable path for industry growth. In 2022, multiple lighting companies that have gone public placed green development in a prominent position.

三雄极光在年报中提到，2022年6月，工业和信息化部、发展改革委、财政部等六部门联合发布《工业能效提升行动计划》，提出到2025年，规模以上工业单位增加值能耗比2020年下降13.5%。据统计，中国照明用电量约占全国发电量的 12%，绿色节能照明产品的广泛应用有利于各产业节能降耗，也有利于我国碳达峰、碳中和总体目标的实现。全社会对节能降耗的重视也有利于LED照明产品应用的普及与市场渗透率的提升，有利于照明行业的健康可持续发展。

Reforming traditional waste collection and disposal methods is a scientific management approach for effective waste treatment. Faced with the growing volume of waste and deteriorating environmental conditions, how to maximize resource recovery through waste classification management, reduce waste disposal volumes, and improve living environmental quality is one of the urgent issues of common concern to countries worldwide.

OPPLE Lighting's annual report shows that by the end of 2022, the company had implemented smart streetlights and smart multifunctional pole projects in over a hundred cities nationwide. Key projects achieved energy savings exceeding 55%, continuously supporting digital city construction and bringing low-carbon green living to residents. In 2022, the company received an ISO14064-1:2018 greenhouse gas verification statement certificate from SGS, an internationally recognized testing, inspection, and certification body, marking that the company's greenhouse gas emission management has met international standards.

Foshan Lighting stated that it will transform towards 'providing products and overall solutions', leap towards 'human-centric lighting that is smart, healthy, and green'. The company mentioned that the environmental challenges facing the lighting industry are becoming increasingly severe; companies should be committed to developing and using environmentally friendly, energy-saving products to truly achieve sustainable development.

Text and image source: The Beijing News