Two more chip companies have released mid-term reports! Huacan Optoelectronics’ net profit increased by 144.98% year-on-year; Jucan Optoelectronics’ revenue increased by 4.7% year-on-year

Yesterday (29th) evening, Huacan Optoelectronics disclosed its 2022 semi-annual report. The company achieved revenue in the first half of the year of 1.283 billion yuan, a year-on-year decrease of 19.53%; the net profit attributable to shareholders of the listed company was 11.4364 million yuan, a year-on-year increase of 144.98%.

The company continues to optimize and innovate processes for each segmented series of products.

For general lighting LED chips, we are committed to improving unit area performance; for high-end For the LED display market, we are committed to proposing innovative and optimized solutions to the pain points and difficulties that plague the display industry; for the plant lighting market, we are committed to steadily improving light efficiency and reliability; for the automotive lighting market, we are committed to optimizing and improving the flip-chip mirror process; for the UV UVC market, we are committed to optimizing product overdrive performance.

For the Mini LED market, the company's MiniRGB direct display chip is the first to solve the high grayscale display problem of Mini LED in COB applications. It has the advantages of high contrast, high reliability and good light color consistency; Mini LED The backlight chip has the advantages of high light efficiency, high reliability and high consistency. The company is the first company in the industry to introduce mass production of solder-paste-free packaging chip solutions, and is the first in the industry to develop high-voltage Mini backlight chips.

The key step for the mass production application of Micro LED jointly developed by the company and strategic customers is accelerating the mass transfer technology, and at the same time, the next step of comprehensive mass production planning is carried out.

At present, Huacan Optoelectronics has formed a cooperation mechanism with upstream and downstream domestic and foreign enterprises, universities, and scientific research institutes, including the establishment of Zhuhai Huafa Huacan Advanced Semiconductor Research Institute, Zhejiang Provincial Key Laboratory of Third-Generation Semiconductors, Postdoctoral Workstations, Enterprise Research Institutes and other R&D institutions. During the reporting period, Huacan Optoelectronics and the National Third-Generation Semiconductor Technology Innovation Center jointly established a joint R&D center for micro-display LED technology, focusing on breakthroughs in new technologies in the field of third-generation semiconductor materials and devices.

Today, Jucan Optoelectronics also released its report!

Jucan Optoelectronics achieved total operating revenue of 1.006 billion yuan in the first half of 2022, a year-on-year increase of 4.7%; net profit attributable to the parent company was 42.92 million yuan, a year-on-year decrease of 38.8%; earnings per share was 0.08 yuan.

While actively responding to severe and complex internal and external risk challenges, the company adheres to independent research and development and self-innovation, and firmly maintains high investment in research and development. Research and development expenses have increased significantly compared with the same period last year (a year-on-year increase of 35.59%). The product structure has been continuously optimized, product performance has been continuously improved, and product models have been continuously expanded.

The company continues to increase its focus on LED chip segmentation. It released a stock issuance plan to specific targets on June 21, 2022, and it was accepted by the Shenzhen Stock Exchange on August 24, 2022. This private placement plan is to build an annual output of 7.2 million Mini/Micro pieces The LED chip R&D and manufacturing expansion project has a total investment of 1.55 billion yuan, of which 1.2 billion yuan of raised capital is planned to be invested. This project is a major measure for the company to focus on its main business and continue to invest. It conforms to the industry development trend and the new trend of the industry's competitive environment. It will help the company's steady implementation of development strategies in terms of product enrichment, channel expansion and technology upgrading, accelerate the company's all-round layout of business areas, and will provide strong momentum for the company's sustainable, healthy and rapid development.

In the second half of the year, the company will continue to focus on deepening its main business, solidly promote fine management, develop customers, consolidate the market, and improve operational efficiency and effectiveness. As the raised funds are invested in the project, high-end and high-priced products such as Mini LED and vehicle lighting are gradually launched. The company's product categoriesSegments will be further enriched; with increased R&D investment, structural breakthroughs, performance improvements, and product upgrades, the company's operating benefits will be further optimized.

It is not difficult to see that both companies regard the Mini/Micro LED project as the focus of their strategic layout.