Zhaochi Co., Ltd.’s net profit attributable to parent companies in 2023 will increase by 38.61% year-on-year, and the entire LED industry chain has strong driving potential

On the evening of April 12, Zhaochi Shares (002429.SZ) released its 2023 annual report. The report shows that the company achieved operating income of 17.167 billion yuan in 2023, a year-on-year increase of 14.23%; the net profit attributable to shareholders of the parent company was 1.588 billion yuan, a year-on-year increase of 38.61%. Basic earnings per share were 0.35 yuan. In addition, Zhaochi Shares announced that it will distribute a cash dividend of 1.06 yuan (tax included) for every 10 shares, reflecting the company's good returns to shareholders.

Looking at the details, the main revenue growth of Zhaochi Co., Ltd. was due to the growth of multimedia audio-visual products and operating services. Revenue in this field reached 1.266 billion yuan, accounting for 73.76% of the total operating revenue. In addition, the LED industry chain also showed strong growth momentum, with its revenue reaching 450 million yuan, a year-on-year increase of 19.13%. This growth is mainly due to the company's continued investment and innovation in LED technology and market development.

In the report, Zhaochi Co., Ltd. discussed in detail the development situation and future prospects of the industry in which the company operates. In 2023, the global TV market will be relatively stable, and Zhaochi will rely on its strong ODM capabilities to successfully seize overseas market opportunities, especially the expansion of the North American and European markets. By continuously optimizing products and technologies, such as the further development of Mini LED and Micro LED display technologies, the company has not only enhanced product competitiveness, but also successfully increased market share.

In terms of technological innovation, Zhaochi Technology actively invests in research and development, especially in smart display and high-end LED product lines. For example, the Mini LED backlight products and direct display products launched by the company have received good response in the market. These are the results of the company's continuous research and development. In addition, the company also emphasized its continuous improvement in the level of intelligent manufacturing and automation informatization, which not only improves production efficiency, but also reduces operating costs and enhances the company's market competitiveness.

Specifically, Zhaochi Co., Ltd. has a complete R&D system, which provides driving force for the company's continuous innovation. The company focuses on technological innovation and product application, has built a market-oriented technological innovation system, continuously conducts core technology research, promotes the industrialization of scientific and technological achievements, cultivates innovative talents, and strengthens independent innovation capabilities. In addition, the company has R&D centers in multiple cities such as Shenzhen, Beijing, Wuhan and Nanchang, focusing on the research and development of smart display products, communication products and LED products. It has also accumulated rich experience in joint Internet operation business.

Secondly, the company continues to make progress in automation and informatization, and is a leader in the integration of informatization and intelligent manufacturing in the consumer electronics industry. The production automation and management process of Zhaochi Co., Ltd. have reached an advanced level. Through the combination of information system and automation equipment, the production process and management process have been optimized, effectively integrating all aspects from research and development to sales, and significantly improving the efficiency of daily operations.Rate.

In addition, the company's scale advantage is also quite competitive in the industry. Zhaochi Co., Ltd. has built large-scale production bases in Shenzhen, Nanchang, Zhongshan and other places. Highly concentrated production and intensive management enable the company to respond quickly to market changes, while reducing procurement and transportation costs and enhancing market competitiveness.

The company also attaches great importance to product quality control, adheres to the concept of "quality first", and promotes system-wide quality management. By continuously improving the automation and informatization level of smart factories, the company has established a complete big data management and control quality system to ensure the excellent quality of its products and lay a solid foundation for its rapid entry into high-end markets at home and abroad.

At the same time, Zhaochi also shows strong advantages in resource integration and business collaboration. The company's diversified business groups have formed a good pattern of complementary resources and coordinated operations, which not only enhances core competitiveness, but also strengthens the market performance of products and services by optimizing capital models and business models. This synergy not only strengthens existing customer relationships, but also supports the company's expansion into new markets.

When looking forward to the future development direction, Zhaochi Shares has established a clear strategic framework. First of all, the company will continue to focus on its main business, ensure the stable operation of core businesses such as the LED industry chain, and further strengthen market competitiveness. Zhaochi Co., Ltd. will not only consolidate its leading position in the industry through the synergistic advantages of vertical integration, but also seize the Mini/An opportunity for the development of Micro LED technology.