Debang Lighting, Dahua Lighting, and Intelligent Cube announced their first quarter 2025 results

Recently, LED-related companies Debang Lighting, Dahua Lighting, and Intelligent Cube have successively announced their performance reports for the first quarter of 2025. Among them, Debon Lighting's net profit fell year-on-year, Dahua's net profit increased year-on-year, and Zhicube turned a profit year-on-year.

Debang Lighting: Net profit fell 17.11% year-on-year in the first quarter

In the first quarter of 2025, Debang Lighting achieved operating income of 998 million yuan, a year-on-year decrease of 8.09%; net profit attributable to shareholders of listed companies was 61.8566 million yuan, a year-on-year decrease of 17.11%; net profit after deducting non-recurring gains and losses was 57.7876 million yuan, a year-on-year decrease of 17.58%.

The main reason for the decline in Debon Lighting's performance is the decrease in operating income. Although total operating costs have also decreased, the decrease is smaller than the decrease in revenue, resulting in a decline in net profit.

Information shows that Debon Lighting is mainly engaged in general lighting business and vehicle business. Among them, in the automotive business segment, Debang Lighting focuses on the field of "vehicle lighting + vehicle controller". The company's customers include Panasonic, Huayu Vision, Wanxiang, Magneti Marelli, Hella, Yanfeng Bio-Omniogenous, Elios, Link Vision and many other well-known parts companies. The terminal brands involved include Porsche, Audi, Volkswagen, Nissan, Daihatsu, Toyota, GAC, Ideal, Leapmotor, Geely, Chery, etc. In 2024, the revenue of Debon Lighting’s automotive business segment will reach 596 million yuan.

Dahua Technology: First-quarter revenue increased by 1.22% year-on-year

Dahua Technology is a provider of security video surveillance products and solutions. Its products are widely used in urban security, traffic monitoring, commercial monitoring and other fields.

In terms of LED product business, Dahua Technology has launched LED screen-related products to the market, providing integrated full-chain services from independent product research and development, supply chain manufacturing to project construction and commissioning, and building the core capabilities of "technology + products + services". Its products have been promoted and sold at home and abroad.

In the first quarter of 2025, Dahua Co., Ltd. achieved operating income of 6.256 billion yuan, a year-on-year increase of 1.22%; net profit attributable to shareholders of listed companies was 653 million yuan, a year-on-year increase of 16.45%; net profit after deducting non-recurring gains and losses was 504 million yuan, a year-on-year increase of 0.44%.

In the first quarter, Dahua's performance growth was mainly due to the steady growth of operating income and the optimization of financial expenses, which promoted the increase in net profit.

Zhilifang: Net profit in the first quarter turned a loss into a profit year-on-year

Zhilifang achieved operating income of 161 million yuan in the first quarter of 2025, a year-on-year increase of 98.78%; the net profit attributable to shareholders of the listed company was 24.905 million yuan, a year-on-year turnaround.

Zhicube is an enterprise mainly engaged in the research and development, production and sales of automation equipment. Its products are widely used in electronic manufacturing, semiconductor and other fields. In the field of LED, Zhicube has products such as Mini LED/Micro LED chip sorting machines, AOI testing equipment, etc., which can achieve accurate, efficient, lossless sorting and mixing of huge quantities of LED chips. at present. Smart Cube’s LED customers include BOE Huacan Optoelectronics, Qianzhao Optoelectronics, Zhaochi Co., Ltd., Nanchang Kaixun Optoelectronics and other companies.

In the first quarter, Zhilifang’s performance growth was mainly due to the significant increase in operating income, which drove the growth of the company’s overall operating performance.