Jinko Electronics' first financial report after listing: Income from three major businesses increased, net profit in 2025 exceeding 100 million yuan

The first financial report of Jinko Electronics Co., Ltd. (02551.HK) since its listing was released. Last year’s annual revenue exceeded 2.5 billion yuan, and all three core businesses achieved double-digit growth.

The announcement shows that in 2024, Jinko Electronics will achieve revenue of 2.592 billion yuan, a year-on-year increase of 39.51%; net profit of 105 million yuan, a year-on-year increase of 45.56%; adjusted net profit of 145 million yuan, a year-on-year increase of 77.65%.

In terms of revenue composition, revenue from automotive smart vision products was 1.023 billion yuan, a year-on-year increase of 33%; revenue from new display products was 807 million yuan, a year-on-year increase of 85%; revenue from high-end lighting products was 761 million yuan, a year-on-year increase of 17%.

"Although the terminal application market fields of the three major sectors are different, the basic core technologies including the optoelectronic semiconductors used at the bottom are similar." Xiao Guowei, chairman of Jinko Electronics, previously said in an interview with media including reporters from the Financial Associated Press.

It is reported that automotive smart vision products mainly include smart car lights and automotive-grade LED devices and modules; high-end lighting products include high-end lighting devices and modules; new display products include LED devices and modules for direct or side-lit backlit LCD TVs.

"Jinko Electronics takes 'LED+' technology as its core and deeply integrates cutting-edge technologies such as integrated circuits, electronic control, software algorithms, sensors and optical systems to better meet the needs of intelligent and quick-response interactive control of automobiles." Xiao Guowei said that in the past few years, the penetration rate of LED in the field of car lights has become higher and higher.

Xiao Guowei mentioned that while competition among car companies has become increasingly fierce, it has also given rise to a strong demand for rapid response from localized supply chains. The development cycle of traditional passenger car models may take 3 to 5 years, but now it has been compressed to about one year. In such a short time period, if it involves the upgrading of parts, the requirements for core parts suppliers are actually extremely high.

A reporter from Cailian News learned that Jinko Electronics developed through internal collaboration and cooperation with a certain cooperative car company. It took no more than 12 months to complete the design and achieve mass production of the taillights of the relevant models. The development cycle is significantly shorter than industry practice.

According to the financial report, in the field of automotive intelligent vision, Jinko Electronics has established strategic cooperation with more than 20 automotive OEMs and first-tier suppliers.

In terms of overseas business, Hou Yu, President of Jinko Electronics, told a reporter from the Financial Associated Press, "Some of our device products in the high-end lighting field are directly exported. In addition, customers also make the devices into their terminal products and sell them overseas. At present, the overseas markets for the company's high-end lighting and screen display consumer products are increasing; in the field of automotive intelligent vision, most of our customers are domestic. , but will start supplying overseas car manufacturers this year, and will continue to expand in the future. The company is also considering the layout of overseas production bases, and has conducted relevant inspections in the early stage. "

However, Hou Yu also said that the company is still relatively cautious about going overseas, and will conduct a comprehensive assessment based on the actual needs of end customers, changes in the international situation, and the local business environment.