11 companies including Jufei and CVTE released third-quarter results

Recently, 11 LED-related companies including Jufei Optoelectronics, CVTE, Shiyida, and Lidaxin announced their third-quarter results. Six of them achieved both revenue and net profit growth in the third quarter.

Jufei Optoelectronics: Q3 net profit increased by 42.99%

In the third quarter, Jufei Optoelectronics achieved revenue of 692 million yuan, a year-on-year increase of 17.78%; net profit attributable to the parent company was 64 million yuan, a year-on-year increase of 42.99%. Revenue in the first three quarters was 1.849 billion yuan, a year-on-year increase of 11.45%; net profit attributable to the parent company was 182 million yuan, a year-on-year increase of 16.37%.

Jufei Optoelectronics is relying on backlight LED and lighting LED to expand new LED businesses such as automotive LED, Mini/Micro LED, invisible light, and high-end lighting. This year, the increased penetration of automotive business and Mini LED, as well as the expansion of overseas markets, have become Jufei Optoelectronics’ profit growth points.

Jufei's automotive backlights, automotive lighting LEDs, etc. have entered domestic brands such as Ideal and entered the world's major automotive module supply chain systems; MiniLED new product shipments have continued to grow, and Micro LED has completed the P0.5-P1.5 full series layout.

Recently, Jufei has obtained the S/CASN phosphor patent portfolio assigned by Panasonic. In the future, the performance of Jufei's consumer-grade and automotive-grade lighting and backlight products is expected to be improved, and product quality will be guaranteed for the long term.

CVTE: Revenue and profit declined in the third quarter

In the third quarter, CVTE achieved revenue of 7.046 billion yuan, down 0.30% year-on-year; net profit attributable to the parent company was 459 million yuan, down 49.88% year-on-year. Revenue in the first three quarters was 15.383 billion yuan, a year-on-year decrease of 4.14%; net profit attributable to the parent company was 1.061 billion yuan, a year-on-year decrease of 33.36%.

CVTE’s business mainly includes the design, R&D and sales of LCD main control boards and interactive smart tablets, covering a series of digital software and hardware products, comprehensive solutions for data management and intelligent applications.

CVTE is developing new businesses such as LED, computing equipment, power electronics, and robots. Among them, in the LED business, Qingsong Optoelectronics, a subsidiary of CVTE, has launched new products such as the H19 PRO series, F27 series, and V27 series. At the same time, it has actively deployed in the movie projection market and successfully passed DCI certification. On the other hand, it continues to develop channel partners and actively explore new markets and new customers. In the first half of the year, CVTE’s LED business achieved revenue of 223 million yuan, a year-on-year decrease of 4.28%.

Hikvision: Revenue and profit increased slightly

In the third quarter, Hikvision achieved revenue of 23.704 billion yuan, a year-on-year increase of 5.52%; net profit attributable to the parent company was 3.513 billion yuan, a year-on-year increase of 14%. Revenue in the first three quarters was 61.275 billion yuan, a year-on-year increase of 2.60%; net profit attributable to the parent company was 8.851 billion yuan, a year-on-year increase of 0.12%.

Hikvision fully implements the smart IoT strategy and is committed to serving various industries with IoT sensing, artificial intelligence, and big data technologies.

In the first half of the year, Hikvision continued to deploy MiniLED, COB and energy-saving series products, solving heat dissipation pain points through flip-chip, common cathode and other technologies, and developing applications in high-end conference room scenarios.

Hikvision said that in the first three quarters, the company's overseas business and innovative business growth increased; gross profit margin increased by 2.50 percentage points year-on-year to 44.85%; the expense rate decreased quarter by quarter. The company's net profit attributable to the parent company for the whole year is expected to be 13.5 to 14 billion yuan.

Dahua Co., Ltd.: Net profit increased by 52.98% in the first three quarters

In the third quarter, Dahua Co., Ltd. achieved revenue of 7.645 billion yuan, a year-on-year increase of 7.91%; net profit attributable to the parent company was 614 million yuan, a year-on-year increase of 254.46%. Revenue in the first three quarters was 22.278 billion yuan, a year-on-year increase of 5.23%; net profit attributable to the parent company was 2.590 billion yuan, a year-on-year increase of 52.98%.

Dahua Technology is a smart IoT solution provider and operation service provider with video as its core. Dahua Co., Ltd. stated that during the reporting period, the company's channel business has made good progress, and the company's brand effect has been improved; innovative businesses centered on machine vision & robots, Huacheng smart home, etc. have grown rapidly.

In July this year, Dahua Technology reached a cooperation with Shanghai Fengyuzhu, a digital new media technology company, to give full play to the resource advantages of the entire industry chain in various fields such as LED displays and liquid crystal displays.

Shiyida: Net profit fell 77.13% in the first three quarters

In the third quarter, Shiyida achieved revenue of 160 million yuan, a year-on-year increase of 3.03%; net profit attributable to the parent company was 11 million yuan, a year-on-year decrease of 62.17%. Revenue in the first three quarters was 450 million yuan, a year-on-year decrease of 13.92%; net profit attributable to the parent company was 35 million yuan, a year-on-year decrease of 77.13%.

Shiyida is mainly engaged in the two major sectors of smart hardware and smart marketing. Among them, the smart terminal product business is mainly the design, research and development, production and sales of LED smart lighting and related supporting smart terminal products, providing customers with LED product solutions. The sales model includes foreign market ODM + domestic market dealers.

Previously, Shiyida said that the main reason for the decline in the company's performance was the decrease in the company's income from changes in fair value compared with the same period last year; at the same time, the company increased investment in research and development during the reporting period, and R&D expenditures increased compared with the same period last year.

Ridarxin: Overseas demand is weak, Ridarxin's performance declines

In the third quarter, Ridarxin achieved revenue of 1.995 billion yuan, a year-on-year decrease of 6.42%; net profit attributable to the parent company was 149 million yuan, a year-on-year decrease of 21.38%. Revenue in the first three quarters was 5.062 billion yuan, a year-on-year decrease of 16.23%; net profit attributable to the parent company was 251 million yuan, a year-on-year decrease of 47.21%.

Ridarxin mainly produces products in the Internet of Things field such as LED lighting products, smart homes and smart buildings. Demand in its main overseas markets weakened during the reporting period, resulting in a decline in the company's performance. In order to reduce overseas market risks, Ridarson is vigorously investing resources in the domestic market to develop ToB and ToC businesses such as high-end home lighting, children's lighting, and educational lighting.

Jiuliang Shares: Net profit in the third quarter turned a loss into a profit

In the third quarter, Jiuliang Shares achieved revenue of 122 million yuan, a year-on-year decrease of 1.62%; net profit attributable to the parent company was 47 million yuan, a year-on-year turnaround. Revenue in the first three quarters was 385 million yuan, a year-on-year decrease of 4.40%; net profit attributable to the parent company was 41 million yuan, turning a loss into a profit year-on-year.

Jiuliang has now formed a product series focusing on LED mobile lighting and LED home lighting, and the company has newly expanded its portable energy storage product series.

Facing the fiercely competitive LED lighting market, Jiuliang is maximizing sales revenue through one or more sales model combinations such as dealer model, trader model, and e-commerce model. The company has established a good brand image in the "Belt and Road" strategic areas and established an in-depth local brand marketing network. Its LED lighting products and energy storage products continue to enhance brand awareness.

Guangpu Shares: Q3 revenue increased by 67.02%

In the third quarter, Guangpu Shares achieved revenue of 262 million yuan, a year-on-year increase of 67.02%; net profit attributable to the parent company was 30 million yuan, a year-on-year increase of 6%. Revenue in the first three quarters was 757 million yuan, a year-on-year increase of 9.52%; net profit attributable to the parent company was 111 million yuan, a year-on-year decrease of 3.35%.

The main business of Guangpu Co., Ltd. is the research and development, production, sales and medical beauty services for semiconductor light sensor packaging and testing, semiconductor light applications, new flexible circuit materials and new energy materials.

In the first half of the year, in the semiconductor optical application business, due to the domestic economic recovery being less than expected, Optics achieved sales revenue of 337 million yuan, a year-on-year decrease of 4.38%.

On the other hand, during the reporting period, Guangpu accelerated its new energy materials and energy storage business layout and expanded new business growth curves. In August, Guangpu Co., Ltd. signed a cooperation agreement with Histar, a subsidiary of Plite Holdings, to work together to quickly introduce composite copper foil/aluminum foil into the new generation of batteries.

Han's Laser: Equipment demand is weak, performance declines year-on-year

In the third quarter, Han's Laser achieved revenue of 3.301 billion yuan, a year-on-year decrease of 8.96%; net profit attributable to the parent company was 209 million yuan, a year-on-year decrease of 45.37%. Revenue in the first three quarters was 9.387 billion yuan, a year-on-year decrease of 11.12%; net profit attributable to the parent company was 633 million yuan, a year-on-year decrease of 37.59%.

As downstream customers tend to be cautious about investment, Han's Laser's equipment orders have declined, and Han's Laser has increased investment and expenditure in photovoltaics, power batteries, as well as in the semiconductor industry and core devices.

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, which has received good market validation.

Colorite: Overseas demand drives performance growth

In the third quarter, Colorite achieved revenue of 215 million yuan, a year-on-year increase of 39.85%; net profit attributable to the parent company was 40 million yuan, a year-on-year increase of 68.66%. Revenue in the first three quarters was 568 million yuan, a year-on-year increase of 33.87%; net profit attributable to the parent company was 110 million yuan, a year-on-year increase of 42.51%.

Colorite'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, which can realize various functions such as display control, editing and processing, and transmission analysis of video signals and image data.

In the first half of this year, Colorlight actively explored overseas markets, mainly selling video processing equipment, and its overseas revenue increased by 83.19% year-on-year.

In the field of Mini/Micro LED, Colorite's independently developed Mica production line calibration system is mainly used in COB/Micro/Mini and other LED screens. Currently, the calibration and testing equipment has been introduced to mainstream customers. In addition, Colorlight's existing chip M10 has been packaged and improved using FPGA chips and has been introduced to some customers.

Joyson Electronics: The auto market is recovering, and net profit increased by 494.54% in the first three quarters

In the third quarter, Joyson Electronics achieved revenue of 14.296 billion yuan, a year-on-year increase of 11.48%; net profit attributable to the parent company was 303 million yuan, a year-on-year increase of 28.2% 2%. Revenue in the first three quarters was 41.310 billion yuan, a year-on-year increase of 15.57%; net profit attributable to the parent company was 779 million yuan, a year-on-year increase of 494.54%.

Joyson Electronics is a world-leading automotive electronics and automotive safety supplier, mainly dedicated to the research and development, manufacturing and services of intelligent cockpits, intelligent connectivity, intelligent driving, new energy management and automotive safety systems.

The company's existing products cover driving-related domain controllers, human-computer interaction, automotive safety (active and passive safety), vehicle infotainment, new energy management and 5G vehicle interconnection, etc.

Joyson Electronics stated that the main reason for the company's performance growth is the recovery of production and sales in the automobile market and the continued increase in customer orders. In addition, the company actively grasps the new energy vehicle business. In the first three quarters of 2023, the company's global cumulative new order value throughout the life cycle is approximately 59 billion yuan, of which the new order value related to new energy vehicles is approximately 35 billion yuan.