Let’s take a look at the “report cards” released by various companies in the first half of this year
Nationstar Optoelectronics’ revenue was 727 million yuan, a year-on-year increase of 32.45%, and its net profit was 64.4495 million yuan, a year-on-year increase of 29.30%; Hongli Optoelectronics’ revenue was 426 million yuan, a year-on-year increase of 3 3.72%, with net profit of 31.5297 million yuan, a year-on-year increase of 44.59%; Jufei Optoelectronics’ revenue was 481 million yuan, a year-on-year increase of 50.71%; net profit was 83.6512 million yuan, a year-on-year increase of 36. 56%; Changfang Lighting’s revenue was 456 million yuan, a year-on-year increase of 25.45%; net profit was 32.5719 million yuan, a year-on-year increase of 1.61%; Wanrun Technology’s revenue was 255 million yuan, a year-on-year increase of 26.19 %; net profit was 25.1658 million yuan, a year-on-year increase of 11.79%; Ruifeng Optoelectronics' revenue was 410 million yuan, a year-on-year increase of 39.42%, and net profit was 20.9513 million yuan, a year-on-year decrease of 19.98%.
Lighting devices are becoming a "rush" market
Hongli Optoelectronics should be the one with the most intense firepower in lighting devices.
Hongli Optoelectronics has always regarded itself as the leader in white light devices. In the first half of this year, its white light device revenue was 274 million yuan, a year-on-year increase of 42.74%, and its revenue accounted for 65.33%; Ruifeng Optoelectronics is full of momentum to catch up from behind. In the first half of this year, Ruifeng Optoelectronics Lighting’s LED operating revenue was 263 million yuan, a year-on-year increase of 47.86%, and its revenue accounted for 64.08%; Jufei Optoelectronics Lighting LED business sales revenue was 58.3986 million yuan, a year-on-year increase of 33.02%, accounting for 12.13% of total revenue;
However, the fact that the gross profit margin of lighting devices is not optimistic cannot be ignored. Jufei Optoelectronic Lighting's LED gross profit margin was 16.14%, a year-on-year decrease of 4.02%; Ruifeng Optoelectronic Lighting's LED gross profit margin was 13.37%, a year-on-year decrease of 3.53%. For Ruifeng Optoelectronics, which accounts for 64.08% of lighting devices, perhaps this is one of the reasons why its net profit fell by 19.98% year-on-year.
Compared with the upward trend of lighting LED, LAMP LED is gradually heading towards the road of decline. Hongli Optoelectronics' LAMP LED revenue in the first half of the year was 11.6759 million yuan, a year-on-year decrease of 26.39%; the rectangular lighting plug-in LED revenue was 27.5656 million yuan, a year-on-year decrease of 50.47%.
Backlight LED duel
On the backlight LED battlefield, especially medium and large-sized backlight LEDs, Ruifeng Optoelectronics and Jufei Optoelectronics have been "fighting for a long time." Originally, medium and large-sized backlight LEDs were the main battlefield of Ruifeng Optoelectronics, but Jufei Optoelectronics gradually occupied some of its strongholds. In the first half of this year, Ruifeng Optoelectronics’ revenue of medium and large-sized backlight LEDs was 130.1594 million yuan, a year-on-year decrease of 3.42%; Jufei Optoelectronics’ revenue was 129.603 million yuan, a year-on-year increase of 135.38%.
In addition to medium and large sizes, small-size backlight LEDs are still one of Jufei Optoelectronics’ main products. Jufei Optoelectronics’ small-size backlight products achieved sales revenue of 284.3558 million yuan, a year-on-year increase of 34.29%. However, in this segment, Ruifeng Optoelectronics' performance is not so optimistic. In the first half of this year, Ruifeng Optoelectronics' small-size backlight operating revenue was 6.1798 million yuan, a year-on-year decrease of 72.59%.
Companies that have crossed over into the field of LED backlight cannot be ignored. In the first half of this year, Dongshan Precision expanded its original production of metal backlight modules for LED backlight modules to the production of a complete set of LED backlight modules. Its LED devices and modules amounted to 313 million yuan, a year-on-year decrease of 34.91%.
Against the background of the increasing proportion of localized procurement of LED TV backlights, Zhaochi's LED business has also gradually climbed. In the first half of this year, its LED business revenue was 313 million yuan, a year-on-year increase of 85.83%.
LED automotive lighting applications are worth fighting for
Among domestic LED listed companies, Hongli Optoelectronics is somewhat unique in its involvement in automotive lighting.
Ruifeng Optoelectronics’ automotive LED business revenue was only 1.8277 million yuan. Sadly, it also dropped 67.69% year-on-year. In comparison, Hongli Optoelectronics' acquisition of Guangzhou Foda Signal is definitely a wise move. Guangzhou Foda has achieved remarkable results in opening up the international automotive lighting market. Revenue from LED automotive lighting products was 46.7904 million yuan, an increase of 57.55% from 29.6996 million yuan in the same period last year.
In the first half of 2014, Xingyu Co., Ltd.'s revenue from car lighting products was 810 million yuan. However, Xingyu Co., Ltd. did not mention the specific proportion of LED car lights. It only used an intriguing sentence to explain it - "As the proportion of LED car lights continues to increase, the company's profitability continues to increase." Moreover, with the annual output of 500,000 sets of LED car lamp projects successfully put into production, Xingyu Co., Ltd.'s competitiveness in the field of automotive lighting applications cannot be underestimated.
Not everyone can play in the field of lighting applications
It is nothing new for packaging factories to extend their tentacles to downstream lighting applications. The main players include Nationstar Optoelectronics, Hongli Optoelectronics, Wanrun Technology, Changfang Lighting, etc.
In the first half of 2014, Nationstar Optoelectronics’ revenue from lighting applications and other products was 100.1537 million yuan, a year-on-year decrease of 11.51%.
Nationstar Optoelectronics is not alone in declining revenue from lighting application products. Changfang Lighting is one of the first packaging plants to launch downstream lighting applications. However, perhaps due to poor channel strategy, Changfang Lighting will go up this year. The lighting performance in the first half of the year can be described as "cutting down". Its application product revenue was 35.1466 million yuan, a year-on-year decrease of 63.11%; while this number was 95.2829 million yuan in the first half of 2013, a year-on-year increase of 29.05%.
Not only is revenue declining, Changfang Lighting’s application products in the first half of this year accounted for only 7.86%, while this figure was 27.42% in the same period last year. This is far from worrying. The gross profit margin of rectangular lighting application products was only 1.66%, a year-on-year decrease of 27.39%.
When it comes to the gross profit margin of LED lighting application products, Wanrun Technology's is 38.57%, Hongli Optoelectronics's is 25.97%, and Nationstar Optoelectronics's is 19.74%.
It is worth noting that Hongli Optoelectronics’ LED general lighting product revenue was 66.2557 million yuan, an increase of 16.77% from 56.7408 million yuan in the same period last year; Wanrun Technology’s LED lighting product revenue was 69.2262 million yuan, a year-on-year increase of 22.08%.
PREVIOUS：Nationstar Optoelectronics holding company Yaweilaang’s mixed ownership reform can be expected
NEXT：CSP Press Release
RELATED NEWS
- It is rumored that a subsidy policy for LED lighting products will be introduced 2026-05-26
- Advocating a new concept of energy conservation, Suzhou River Road replaced near 2026-05-26
- Buy LED lights and after-sales service will give you more peace of mind 2026-05-26
- Interesting LED night light that can levitate and sing 2026-05-26
- Space station window lighting glass successfully developed 2026-05-26
CATEGORIES
LATEST NEWS
CONTACT US
Contact: Mack
Phone: +8613352972563
E-mail: mack@archled.net
Add: Building A2, Mingjinhai Second Industrial Zone, Shiyan Street, Baoan, Shenzhen,Guangdong,China
ANNA