Eight companies including Langte Intelligence and Mingjiahui announced their 2024 performance forecasts

Recently, Langte Intelligent, Jinghe Integration, Huaying Technology, Mingjiahui, Aika, Colorlight, Changfang Group, and Delong Laser announced their 2024 performance forecast.

Langte Intelligence

In 2024, Langte Intelligence is expected to achieve a net profit attributable to the parent company of 145 million yuan to 170 million yuan, a year-on-year increase of 33.63% to 56.67%. Langte Intelligence stated that during the reporting period, the company's consumer electronics business continued to increase in volume and grew significantly; the company continued to strengthen lean management, reduce costs and increase efficiency; in addition, the impact of non-recurring gains and losses on net profit was approximately 15 million yuan, mainly income from investment in wealth management products and government subsidy income.

Langte Intelligent is engaged in the business of intelligent controllers and intelligent products. The products are mainly used in smart homes and home appliances, lighting, automotive electronics and new consumer electronics and other industries.

Jinghe Integration

Jinghe Integration is expected to achieve revenue of 9.020 billion to 9.470 billion yuan, a year-on-year increase of 24.52% to 30.74%; it is expected to achieve net profit attributable to the parent company of 455 million to 590 million yuan, a year-on-year increase of 115% to 178.79%.

Jinghe Integration is mainly engaged in the 12-inch wafer foundry business. The company's main products DDIC, CIS, PMIC, and MCU account for approximately 67.53%, 17.22%, 8.80%, and 2.47% of the main business revenue respectively. DDIC continues to consolidate its advantages, and CIS has become the company's second largest spindle product.

Its products are mainly used in smartphones, computers, flat panel displays, automotive electronics, smart home appliances, industrial control, Internet of Things and other fields. Among them, the specific applications of Jinghe’s DDIC technology include LED billboards, LED backlights and other terminal products.

Jinghe Integration stated that during the reporting period, as the industry's prosperity gradually recovered, the company's overall capacity utilization rate remained at a high level, which helped the company's operating income and product gross profit levels steadily increase.
< br> Huaying Technology

Huaying Technology predicts that in 2024, the company's net profit loss attributable to the parent company will decrease year-on-year. The main reason is that the company actively expands the market, optimizes product structure, increases the sales proportion of high value-added products, results in revenue growth and gross profit growth. At the same time, the company reduces labor costs through organizational integration, optimization of manpower allocation and other measures, and reduces material procurement costs by strengthening raw material procurement control, thereby improving product costs.

As a professional manufacturer of new flat panel displays, Huaying Technology focuses on small and medium-sized display panels. In 2023, Huaying Technology jointly established a Mini/Micro LED company with Zhaoyuan Optoelectronics to develop high value-added products such as Mini LED, gold-tin high-power, colored light and Micro LED.

Mingjiahui

​​Mingjiahui's main business is the design and construction of lighting projects, the research and development, production and sales of lighting products and a small amount of contract energy management business.

Mingjiahui predicts that in 2024, the company’s net profit loss attributable to the parent company will decrease. During the reporting period, Mingjiahui's new business commitments increased compared with the previous period, and its operating income increased significantly compared with the previous period; the company's period expenses decreased compared with the previous period; and the company's contract asset impairment losses decreased significantly compared with the previous period.

Aike Shares

Aike Shares predicts that the company’s net profit attributable to the parent company will turn from profit to loss in 2024.

AICA said that in 2024, the municipal landscape lighting business and smart street lighting business will shrink severely. Although the cultural and tourism landscape lighting business has recovered, the overall small share is not enough to make up for the negative impact of the reduction in municipal landscape and smart street lighting business. At the same time, the company's new energy vehicle charging pile business is in the stage of active expansion and layout. The product has only begun to increase in volume in the fourth quarter. It is expected that it will continue to develop in the future and become a new performance growth point for the company.

Kallet

Colorlight's main business is specialized display control products. The company's products are mainly divided into three categories: LED display control systems, video processing equipment, and cloud network players.

In 2024, Colorite is expected to achieve revenue of 630 million yuan to 680 million yuan, a year-on-year decrease of 33.33% to 38.23%; net profit attributable to the parent company is 15 million yuan to 22 million yuan, a year-on-year decrease of 89.15% to 92.60%.

Kallet said that during the reporting period, the demand from channels in the LED display industry was weak, demand from individual merchants shrank, and sales revenue declined significantly. Affected by the cost control of downstream customers, the gross profit margin of the company's products has declined. In addition, the company increased investment in R&D and construction of marketing network, resulting in increased R&D expenses and sales expenses, resulting in a decline in net profit.

Changfang Group

In 2024, Changfang Group expects losses to narrow. It is reported that Changfang Group achieved a significant decrease in net profit compared with the previous year through strengthening management during the reporting period.

Information shows that 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.

Delonghi Laser

Delong Laser predicts that the company will achieve revenue of 700 million to 730 million yuan in 2024, a year-on-year increase of 20.31% to 25.47%; net profit attributable to the parent company will turn from profit to loss.

De'Longhi Laser's main products are precision laser processing equipment and lasers. In the semiconductor field, De'Longhi Laser can provide Micro LED stripping/mass transfer equipment, LED/Mini LED wafer laser stress-induced cutting equipment, silicon carbide ingot slicing equipment, laser annealing equipment, etc.

Delong Laser said that the company's orders have increased in recent years, and products have been successively accepted during the reporting period, which has promoted the growth of operating income in this period. However, as the company maintains high R&D investment and continues to launch new products and new businesses, R&D expenses and sales-related expenses have increased rapidly compared with the same period last year, affecting the company's profit level. (Compiled by LEDinside Irving)

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