Eight LED-related companies including Ledman Optoelectronics released their latest results

Recently, a number of LED display and lighting related companies such as Lehman Optoelectronics, Alchem Electronics, Torchlight Technology, Starlight, Mingjiahui, Longfang Technology, TaiLong Co., Ltd. and Roman Co., Ltd. released the latest results.

LED display related companies

Ledman Optoelectronics

Ledman Optoelectronics mainly focuses on the research and development, production and sales of LED ultra-high definition display and LED lighting business. Based on Micro LED and other technologies, and focusing on the development of the 8K ultra-high-definition industry, Ledman Optoelectronics has established a full range of LED product ecology and solution systems including LEDMAN ultra-high-definition display large screens, conference interactive display systems, smart classroom education interactive display systems, ultra-high-definition home giant screens, LED smart lighting, and LED creative displays.

In 2024, Ledman Optoelectronics will achieve revenue of 1.253 billion yuan, a year-on-year increase of 12.52%. In the first quarter of 2025, Ledman Optoelectronics achieved revenue of 263 million yuan; net profit attributable to the parent company was 2.2487 million yuan, a year-on-year increase of 11.69%.

In 2024, Ledman Optoelectronics' overseas business performed better, with revenue reaching 974 million yuan, a year-on-year increase of 22.1%, becoming the main driving force for Lehman's revenue growth. Ledman Optoelectronics' gross profit margin level improved year-on-year. The company's overall comprehensive gross profit margin was 24.1%. A year-on-year increase of 1 percentage point; the comprehensive gross profit margin of overseas business was 26.5%, a year-on-year increase of 1.2 percentage points.

Among them, in the international display business, Ledman Optoelectronics achieved revenue of 572 million yuan, a year-on-year increase of 39.2%. International COB display business revenue increased by 47.9% year-on-year, international creative display business revenue increased by 78.9% year-on-year, international conference all-in-one product revenue increased by 24.8% year-on-year, and the year-on-year growth in revenue from East Asia, Western Europe, Southeast Asia and Oceania exceeded expectations.

It is reported that Ledman Optoelectronics has built a global marketing network system in key areas through the three-dimensional strategy of "organization construction + channel development + local service", relying on four overseas operation centers in Japan, the United States, the Netherlands, and Dubai to deepen local service capabilities, promote the number of new overseas customers to increase by 33% year-on-year, and continue to release the growth momentum of overseas business.

In terms of international lighting business, Ledman Optoelectronics achieved revenue of 402 million yuan, a year-on-year increase of 3.8%, of which revenue in Europe increased by 327.6% year-on-year. During the reporting period, Tuoxiang Technology, a wholly-owned subsidiary of Ledman Optoelectronics Lighting, continued to increase its We invest in code marketing and R&D, enhance overseas brand influence by appearing at international exhibitions, improve patent layout to increase technology reserves, and accelerate product innovation and iteration to enhance market competitiveness.

On the other hand, in the domestic market, Ledman Optoelectronics’ display business achieved revenue of 273 million yuan. During the reporting period, Ledman Optoelectronics’ sales of products with pitches below P1.0 increased by more than 300% year-on-year, and it created multiple projects in the fields of smart education, home display, and creative display.

Looking forward to 2025, Ledman Optoelectronics will increase the development and layout of domestic and overseas markets, focusing on promoting the market penetration of PSE Leiming COB ultra-high-definition energy-saving cold screen. Technically, the company will use COB+MIP+COG diversified technologies to promote the company's innovative development in the Micro LED display business.

Yachuang Electronics

Yachuang Electronics is an enterprise integrating authorized distribution of electronic components and independent IC design. Its main business includes distribution of electronic components and independent research and development of automotive analog chips. Its self-developed IC products cover motor driver IC, LED driver IC, LDO and DC -Four major categories of DC, mainly used in the field of automotive electronics.

In the first quarter of this year, Yachuang Electronics achieved revenue of 1.355 billion yuan, a year-on-year increase of 121.05%; net profit attributable to the parent company was 9.2178 million yuan, a year-on-year decrease of 49.24%; net profit after non-attribution to the parent company was 6.8113 million yuan, a year-on-year decrease of 68.28%.

Yachuang Electronics said that during the reporting period, the company's electronic components distribution business revenue was 1.283 billion yuan, an increase of 137.37% compared with the same period last year, including the sales of subsidiary Weiali from January to March 2025 of 525 million yuan.

If the sales of Weiali Group are excluded, the original distribution business sales of Yachuang Electronics were 757 million yuan, an increase of 40.16% over the same period last year, mainly benefiting from the incremental performance brought by the company's layout in the automotive intelligent driving market; the company's self-developed IC industry The business operating income was 70.9277 million yuan, of which automotive-grade IC revenue was 55.0365 million yuan, an increase of 7.94% compared with the same period last year. The gross profit margin of the self-developed IC business was 44.46%, which was basically the same as the same period last year.
LED lighting related companies

Juguang Technology

In 2024, Juguang Technology achieved operating income of 620 million yuan, a year-on-year increase of 10.5%; but the net profit attributable to the parent company was a loss of 175 million yuan.

Focusing on its business policy in 2024, Focuslight Technology has implemented the product strategies of "generating photons", "regulating photons", "photon technology application solutions" and "global photonic process and manufacturing services", focusing on multiple fields such as optical communications, consumer electronics, semiconductor processes, automotive applications and medical health.

In the field of consumer electronics, the company carries out R&D cooperation with leading North American consumer electronics customers, using WLO (wafer-level optical components), WLS (wafer-level lens stacking) and WLI (wafer-level module integration) technologies to focus on the development of high-end optical core devices and micro-imaging modules for visible light lighting, infrared lighting optical shaping, augmented reality (AR), virtual reality (VR), 3D sensing and other fields.

In the first quarter of 2025, Juguang Technology achieved operating income of 170 million yuan. A year-on-year increase of 23.75%; but the net profit attributable to the parent company was a loss of 31.9546 million yuan.

Starlight Co., Ltd.

Starlight Co., Ltd.'s business covers LED lighting, UV disinfection, automotive lighting, lithium battery production equipment, information security and system integration and other fields. In 2024, Starlight Co., Ltd. will achieve operating income of approximately 192 million yuan, a year-on-year increase of 27.22%; however, the net profit loss attributable to shareholders of the listed company will be approximately 30.98 million yuan.

During the reporting period, Starlight Co., Ltd. focused on strengthening in-depth cooperation with strategic partners such as Tuya Smart, continued to promote the upgrading of smart lighting technology and projects, and focused on exploring markets such as smart lighting, automotive lights, UV disinfection, agricultural lighting, and beauty and health lighting.

In addition, the company's "Snowlett" brand has been successfully selected into several well-known brand libraries, and its "Jinbaili" whole-house smart home system covers a full range of smart lighting products from home to business, indoor to outdoor, helping to expand new customers and markets and promote sales revenue growth.

Mingjiahui

Mingjiahui is mainly engaged in landscape lighting Engineering, its business covers design, construction and the research and development, production and sales of related lighting products. The company mainly provides LED wall washers, LED point light sources, LED line lights, LED guardrail lights, floodlights, tree lights, corrugated lights, window sill lights and other special artistic lighting fixtures, which are widely used in commercial lighting, municipal road lighting and landscape decorative lighting.

In the first quarter of 2025, Mingjiahui achieved operating income of 26.0578 million yuan, a year-on-year increase of 5.12%; however, the net profit attributable to the parent company was a loss of 16.6401 million yuan.

In 2024, Mingjiahui completed the settlement of 13 lighting project projects and signed 66 new contracts, with a total contract value of approximately 180 million yuan, a significant year-on-year increase. In addition, during the reporting period, Mingjiahui completed 148 collections, totaling approximately 198 million yuan, of which small collections of less than 500,000 yuan accounted for more than 50%. However, Mingjiahui is still facing losses due to the decline in market size of the lighting engineering industry, weakening local government payment capabilities and intensifying industry competition.

Looking forward to the future, Mingjiahui will focus on special cultural tourism night tours, exploring creativity, design, construction and Operationally integrated operating model. The company will also leverage the "Belt and Road" initiative to explore new growth points in the international lighting market, create new highlights in the lighting field, and develop the special lighting business in depth.

Changfang Group

Changfang Group is mainly engaged in the research and development, design, production and sales of LED lighting source devices, LED lighting products and other electronic products such as electric fans and portable energy storage products. In the first quarter of 2025, Changfang Group achieved operating income of 118 million yuan, a year-on-year decrease of 13.9%; net profit attributable to the parent company was a loss of 23.96 million yuan.

In 2024, as global LED general lighting enters the stock period, the demand for related projects in the traditional lighting industry decreases, and due to factors such as industry chain spillover, the export market continues to decline, resulting in a decline in Changfang Group's revenue. On the other hand, in the face of fierce market competition, the company has achieved a significant reduction in net profit compared with the previous year through strengthening management.

Looking forward to 2025, Changfang Group will continue to focus on turning losses into profits as its core goal, strengthen product research and development innovation, expand market channels, and increase market share and company performance. In the field of lighting, the company will increase the research and development of plant lighting device packaging and market differentiated new products, and increase investment in research and development of Kangmingsheng intelligent lighting, military lighting and other products to continuously enrich Product categories and launch more high-quality products that meet market demand.

Tailong Co., Ltd.

Tailong Co., Ltd.’s business mainly covers two major sectors: semiconductor distribution and commercial lighting. In the first quarter of 2025, Tailong Co., Ltd. achieved operating income of 571 million yuan, a year-on-year decrease of 22.22%; net profit attributable to the parent company was 6.4276 million yuan, a year-on-year decrease of 13.04%.

The radio frequency and communication devices, digital and digital-analog devices distributed by Tailong Co., Ltd. are mainly used in the fields of communication and consumer electronics. In 2024, the revenue and profits of the semiconductor distribution business declined due to intensified competition in the end market and lower-than-expected downstream demand, especially in the mobile phone field.

Luoman Co., Ltd.

Luoman Co., Ltd. is mainly engaged in overall planning and design of landscape lighting, landscape lighting engineering construction, remote centralized control management and other related services. In 2024, Roman shares will achieve operating income of approximately 688 million yuan, a year-on-year increase of 12.7%; the net profit loss attributable to shareholders of the listed company will be approximately 34.84 million yuan.

In 2024, Roman shares The acquisition of overseas companies resulted in an increase in the revenue and costs of overseas operations. In addition, receivables did not meet expectations, resulting in increased credit asset losses and ultimately operating losses.

The company has completed some benchmark projects in urban lighting, including Qingyuan Digital Cultural Tourism in Beijiang, Harbin Sun Island Night Tour, China Resources Land Xi'an Tree of Life, etc., which has promoted the improvement of urban value and the creation of new value.

In the first quarter of 2025, Roman Holdings achieved operating income of 180 million yuan, a year-on-year increase of 49.44%; net profit attributable to the parent company was 14.4164 million yuan, a year-on-year decrease of 20.68%. (Compiled by LEDinside Mia/Irving)

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