Twelve companies including Hongli, Jufei, and Lianjian released their first-quarter results, and 6 companies saw net profit increase

Recently, 12 LED-related companies released their results for the first quarter of 2024. Among them, Jufei Optoelectronics, Lianchuang Optoelectronics, Sanxiong Aurora, Haoyang Co., Ltd., Han's Laser, and Jingyi Equipment achieved net profit growth, with the highest increase of nearly 6 times.

Dongshan Precision

In the first quarter, Dongshan Precision achieved revenue of 7.745 billion yuan, a year-on-year increase of 18.94%, and net profit attributable to the parent company of 289 million yuan, a year-on-year decrease of 38.65%.

Dongshan Precision’s business includes four major parts: electronic circuits, precision components, touch display modules, and LED display devices. Currently, LED display devices account for the lowest proportion among the four major business sectors.

Starting from the second half of 2023, the downstream cycle of the LED industry will bottom out. Dongshan Precision has continued to narrow its losses month-on-month by strengthening internal management. Dongshan Precision stated that the company plans to continue to improve its product structure and cooperate with some major international manufacturers to increase production capacity utilization and improve operating performance.

Hongli Intelligence

In the first quarter, Hongli Zhihui achieved revenue of 805 million yuan, a year-on-year increase of 12.53%; net profit attributable to the parent company was 24 million yuan, a year-on-year decrease of 46.63%.

Currently, Hongli Zhihui focuses on two core businesses: LED semiconductor packaging and LE lighting. In the LED semiconductor packaging business, Hongli Zhihui is leveraging the Mini LED project to achieve sector breakthroughs; on the other hand, Hongli Zhihui continues to develop its LED lighting business, taking the opportunity of industrial chain integration to build a leading brand of domestic automotive lights and applied lighting.

Jufei Optoelectronics

In the first quarter, Jufei Optoelectronics achieved revenue of 643 million yuan, a year-on-year increase of 19.88%, and net profit attributable to the parent company of 73 million yuan, a year-on-year increase of 25.42%.

At present, the revenue of Jufei Optoelectronics’ traditional products is growing steadily, and automotive lighting products have entered the supply chain systems of many host manufacturers; the Mini LED business has developed rapidly and has entered the industry’s leading manufacturers; infrared products have been widely used in medical and health testing, smart wear, consumer electronics and other fields. Each business promotes the steady improvement of Jufei Optoelectronics’ performance.

Lianjian Optoelectronics

In the first quarter, Lianjian Optoelectronics achieved revenue of 143 million yuan, a year-on-year decrease of 36.22%.

Lianjian Optoelectronics stated that the decline in performance was mainly due to the company's divestment of the digital marketing subsidiary in 2023, which led to a decrease in operating income. In addition, orders were reduced due to intensified market competition.

It is reported that in 2024, Lianjian Optoelectronics will continue to research COB technology to meet the market demand for small and medium-sized and customized products. While maintaining the stable development of the SMD business, it will gradually specialize in the research and layout of new technology areas such as MIP, and maintain the flexibility of the company's strategic transformation and upgrade.

Lianchuang Optoelectronics

In the first quarter, Lianchuang Optoelectronics achieved revenue of 718 million yuan, a year-on-year decrease of 9.02%; net profit attributable to the parent company was 105 million yuan, a year-on-year increase of 11.25%.

Data show that at present, Lianchuang Optoelectronics’ main business is the research and development, production and sales of laser series and traditional LED chip products, intelligent control series products, backlight and application products, optoelectronic communication and intelligent equipment cables and metal material products. Among them, laser series and traditional LED chip products are mainly high-power and high-brightness pump source devices in special fields, laser integrated products, light-emitting chips, special infrared invisible light chips and other upstream, mid-stream and downstream products in the industry chain.

CVTE

In the first quarter, CVTE achieved revenue of 4.495 billion yuan, a year-on-year increase of 19.64%; net profit attributable to the parent company was 178 million yuan, a year-on-year decrease of 37.18%.

CVTE is currently exploring new businesses such as LED displays, computing equipment, power electronics, and robots. Among them, in the LED business, Qingsong Optoelectronics, a subsidiary of CVTE, has launched new products such as H19 PRO series, F27 series, V27 series and other LED displays, as well as 120-inch to 299-inch LED all-in-one machines. CVTE’s LED business revenue declined last year.

Sanxiong Aurora

During the reporting period, Sanxiong Aurora achieved revenue of 397 million yuan, a year-on-year increase of 1.90%; net profit attributable to the parent company was 14 million yuan, a year-on-year increase of 21.20%.

Currently, Sanxiong Jiguang’s commercial lighting segment has rapid growth in municipal transportation, hotel lighting, smart lighting and other projects. At the same time, Sanxiong Aurora is increasing its investment in research and development of intelligent technologies and products to further enhance the intelligence level and competitiveness of the company's products.

Haoyang Shares

During the reporting period, Haoyang Shares achieved revenue of 315 million yuan, a year-on-year decrease of 4.55%; net profit attributable to the parent company was 101 million yuan, a year-on-year increase of 0.90%.

Haoyang Co., Ltd. focuses on professional stage lighting, LED performing arts lighting, professional TV and theater lighting, architectural and artistic lighting, ultraviolet disinfection lamps and other performing arts technology products, integrating R&D, manufacturing, sales, service, cultural creativity and engineering construction.

It is worth noting that in the first quarter of this year, Jiangmen Haoming Electronics Co., Ltd., a wholly-owned subsidiary of Haoyang Co., Ltd., was completed and put into operation with a total investment of 600 million yuan. It built a new stage entertainment lighting equipment production plant, exhibition hall and office area to prepare for Haoyang Co., Ltd. to expand its presence in the performing arts equipment market.

AICA Shares

During the reporting period, AICA Shares achieved revenue of 171 million yuan, a year-on-year increase of 0.48%.

AIKE Co., Ltd. is a high-tech enterprise specializing in the research and development, production, sales and service of outdoor intelligent lighting and cloud control systems. Its products include smart landscape lighting, smart road lighting and other series. In addition, in recent years, AICA has also continued to make cross-border deployments in the new energy track.

Last year, AICA achieved revenue of 716 million yuan in the LED optoelectronic products sector, a year-on-year decrease of 0.23%, and its share of total revenue fell to 67.11%.

Maoshuo Power Supply

Maoshuo Power Supply achieved revenue of 263 million yuan in the first quarter, a year-on-year decrease of 20.23%; net profit attributable to the parent company was 12 million yuan, a year-on-year decrease of 35.47%.

Moso Power continues to focus on switches, focusing on outdoor high-power LED drive power supply business, and at the same time actively deploys and expands new energy fields such as photovoltaic power generation and energy storage. Mosuo Power's LED drive power supply business has covered market needs such as LED street lights, tunnel lights, industrial and mining lights, explosion-proof lights, stadium lights, plant growth lights and landscape lighting fixtures.

Han's Laser

Han’s Laser achieved revenue of 2.656 billion yuan in the first quarter, a year-on-year increase of 9.51%; net profit attributable to the parent company was 989 million yuan, a year-on-year increase of 594.31%.

Han's Laser focuses on the R&D, production and sales of intelligent manufacturing equipment and key components. The downstream industries involve consumer electronics, PCB, lithium battery, photovoltaic, semiconductor and other industries.

In the LED field, Han's Laser continues to promote the technology upgrade and performance improvement of LED equipment such as laser stripping, laser cutting and MiniLED repair. In the field of Micro LED, the company is simultaneously advancing the layout of MIP and COB packaging routes, and has developed equipment for mass transfer, mass welding, and repair of Micro LED.

In the first quarter of this year, Han’s Semiconductor, a wholly-owned subsidiary of Han’s Laser, completed the delivery of its 1,000th LED chip sorting machine, achieving a milestone in equipment sales in the LED field.

Jingyi Equipment

Jingyi Equipment achieved revenue of 219 million yuan in the first quarter, a year-on-year increase of 20.98%; net profit attributable to the parent company was 28 million yuan, a year-on-year increase of 16.02%.

According to data, Jingyi Equipment is a high-end equipment manufacturing enterprise integrating R&D, production and sales. Its main products include semiconductor temperature control device series (Chiller), robot series (Wafer Sorter/AMR), exhaust gas treatment device series (Local Scrubber) and other special equipment, which are now widely used in semiconductor, LED, LCD, solar energy and other fields.