Jucan Optoelectronics: Blue and green LED chips are booming in production and sales, with full production and full sales

On February 18, Jucan Optoelectronics revealed the latest progress of the company's LED chip business at an investor interactive Q&A session.

In the past year, Jucan Optoelectronics has achieved good results in revenue and net profit growth. With production and sales of high-end products represented by high-efficiency lighting, automotive lighting, backlights, and Mini direct displays booming, and capacity utilization and production-sales rates remaining high, Jucan Optoelectronics will achieve revenue of 2.76 billion yuan in 2024, a year-on-year increase of 11.23%; net profit attributable to the parent company will be 196 million yuan, a year-on-year increase of 61.44%; and net cash flow will be 524 million yuan, a year-on-year increase of 160.59%.

Jucan Optoelectronics revealed to investors that the company’s main products in 2024 are GaN-based blue-green LED epitaxial wafers and chips. On January 11, 2025, the "annual output of 2.4 million red and yellow light epitaxial wafers and chips project" was partially completed and put into production. The main products include GaAs-based red and yellow light LED epitaxial wafers and chips. The company has officially transformed into a full-color LED chip supplier.

It is reported that the newly put into production red and yellow light chips are mainly used in indoor and outdoor display screens, car brake lights, traffic lights, landscape decoration and other fields. In the future, after the red and yellow light epitaxial wafer and chip projects reach full production, it is expected that Jucan will Optoelectronics brings an average annual operating income increase of more than 600 million yuan, and an average annual total profit increase of more than 100 million yuan.

Looking forward to 2025, Jucan Optoelectronics continues to be optimistic about the development prospects of the company's LED chip business. It said that the company's current blue and green LED chips have been in a state of booming production and sales, with full production and full sales, and the performance continues to improve. In 2025, the production capacity of red and yellow light projects will be gradually released, completely consolidating the second growth curve of the company's business. At the same time, the synergy between red and yellow light and blue and green light chips will bring new performance growth points, and it is expected to maintain a good development trend in 2025.