An overview of the first quarter performance of 5 companies including Skyworth and Jucan

Recently, Skyworth Digital, Jucan Optoelectronics, Songsheng Co., Ltd., Guangpu Co., Ltd., and Overclocking Three announced their first quarter 2024 performance reports. Among them, Songsheng Co., Ltd. achieved both revenue and net profit growth, and Jucan Optoelectronics and Overclocking 3 achieved net profits from losses to profits.

Skyworth Digital

In the first quarter, Skyworth Digital achieved revenue of 2.284 billion yuan, a year-on-year decrease of 2.50%; net profit attributable to the parent company was 106 million yuan, a year-on-year decrease of 9.51%.

Skyworth Digital is based on the development of technologies such as optical communications, digitization, ultra-high definition, virtual reality, next-generation spatial computing and automotive on-board displays, and intelligence, and has formed three major categories of business: intelligent terminal business, professional display business, and operation service business. Last year, Skyworth Digital completed the expansion of new customers and markets in XR equipment, vehicle displays, Mini LED and other fields. Skyworth Digital did not elaborate on the decline in performance in the first quarter.

Jucan Optoelectronics

Jucan Optoelectronics achieved revenue of 600 million yuan in the first quarter, a year-on-year increase of 10.55%; net profit attributable to the parent company turned a profit year-on-year.

Jucan Optoelectronics stated that market terminal demand recovered in the first quarter. The company released production capacity, combined with product positioning, and accurately grasped market demand. The production and sales of high-end products represented by backlight, high light efficiency, Mini LED, and silver mirror flip-chip products were booming. The company's capacity utilization rate and production-to-sales ratio remained at consistently high levels.

In addition, Jucan Optoelectronics continued to upgrade its high-end product structure and increased cost management and control. Net profit and net profit after deducting non-recurring gains and losses achieved double profits, with a significant year-on-year increase.

It is worth noting that in March, Jucan Optoelectronics changed the purpose of part of the funds raised from the "Mini/Micro LED chip R&D and manufacturing expansion project" and used it for the implementation of the new project "annual production of 2.4 million pieces of red and yellow epitaxial wafers and chips project" to establish a full-color system of RGB display products paired with blue-green LED chips. Further implement the company's layout on the Mini LED segment track.

Songsheng Shares

Songsheng Shares achieved revenue of 183 million yuan in the first quarter, a year-on-year increase of 9.52%; net profit attributable to the parent company was 60 million yuan, a year-on-year increase of 36.52%.

Regarding performance growth, Songsheng shares said that during the reporting period, the company's main business, LED drive power supplies, continued to exert its business competitiveness and achieved good growth in operating income in this period. After digesting the impact of the increase in global layout and R&D investment in this period, as well as the impact of the new energy storage business that has not yet realized benefits, it also generally drove the company's net profit attributable to shareholders of listed companies to achieve good growth.

Guangpu Shares

In the first quarter, Guangpu Shares achieved revenue of 205 million yuan, a year-on-year decrease of 10.17%; net profit attributable to the parent company was 23 million yuan, a year-on-year decrease of 20.48%.

Guangpu Co., Ltd. is mainly engaged in semiconductor light application business, which mainly includes educational lighting, industrial lighting, office lighting, outdoor lighting and other products, as well as air disinfection, logistics cold chain and other surface disinfection solutions. In 2023, Optoelectronics will increase its efforts to expand its semiconductor light application business in overseas markets, with its semiconductor light application business accounting for 73.33% of total revenue.

Regarding the decline in performance in the first quarter, Guangpu Co., Ltd. said that the main reason was that during the reporting period, external factors caused the lengthening of overseas shipping schedules, which affected the time for products to arrive at the destination port, resulting in a decrease in operating income. In addition, during the reporting period, the company increased investment in research and development, reserved technical products in advance, and increased investment in marketing and sales to explore new markets, resulting in a decrease in net profit.

Overclocking Three

Overclocking Three is currently mainly engaged in lithium battery cathode materials, new heat dissipation devices for electronic products, and LED industry chain-related businesses. Lithium battery cathode materials are the company's main and key strategic business.

In the first quarter, Overclocking 3 achieved revenue of 232 million yuan, a year-on-year increase of 60.47%; net profit attributable to the parent company was 30 million yuan, turning a loss into a profit year-on-year.

During the reporting period, the performance growth of Overclocking Three was mainly due to the acquisition of Three Ton Lithium Industry. It is reported that in January this year, Super Frequency Three passed a motion to acquire 73% of the shares of Three Ton Lithium Industry held by related parties Hezhou Xinlida Equity Investment Partnership (Limited Partnership) and Ms. Liu Ruo in cash.

In February, Overclocking Three announced that Three Ton Lithium Industry had completed the industrial and commercial change registration procedures, became the company's holding subsidiary, and was included in the company's consolidated statements. (Compiled by LEDinside Irving)

Please indicate the source when reprinting! For more LED information, please pay attention to the official website (www.ledinside.cn) or search the WeChat public account (LEDinside).