Jucan Optoelectronics
Jucan Optoelectronics said that due to the impact of the epidemic, macroeconomic and other factors, LED terminal demand has been weak, LED chip prices have dropped, while raw materials, energy and other expenses have increased, and product costs have increased significantly, resulting in a significant decline in the company's gross profit margin. Therefore, Jucan Optoelectronics predicts that the company's net profit attributable to the parent company and non-net profit will turn from profit to loss in 2022.
Currently, Jucan Optoelectronics is actively developing Mini/Micro LED technology. Mini LED chips have been shipped in small batches. Recently, the Mini/Micro LED chip R&D and manufacturing expansion project with a total investment of 1.55 billion yuan has been approved and registered. After completion, it will have an annual production capacity of 7.2 million Mini LED chips.
Hongli Intelligence
Hongli Zhihui estimates that in 2022, the net profit attributable to the parent company will be 144 million yuan to 181 million yuan, a year-on-year decrease of 31.95% to 45.86%; the non-net profit after deduction will be 125 million yuan to 162 million yuan, a year-on-year decrease of 19.94% to 38.22%.
Hongli Zhihui stated that the complex domestic and international environment in 2022 will lead to a decline in LED demand, intensified market competition, and pressure on the company's business development. In the future, the company will focus on its long-term development strategic goals and further improve its large-scale profitability.
In recent years, Hongli Zhihui is achieving new performance growth points by focusing on Mini/Micro LED and automotive lighting businesses. Mini LED products have been mass-produced and applied in many fields such as NB and MNT; LED products cover vehicle lighting applications and have entered the supply chain of well-known car companies such as BYD Changan.
Ruifeng Optoelectronics
Ruifeng Optoelectronics predicts that the company’s net profit attributable to the parent company will be 12 million yuan to 18 million yuan in 2022, a year-on-year decrease of 81% to 88%; excluding non-net profits, it will continue to lose money.
Ruifeng Optoelectronics said that the decline in performance was affected by three major factors: first, the company's operating income declined slightly due to the epidemic and insufficient domestic and foreign consumer electronics demand; second, in order to digest inventory, the company proactively adopted a price reduction strategy, resulting in a decrease in gross profit margin; third, the Hubei production base, headquarters building and raised project equipment were put into use. The initial investment was large, and asset depreciation, amortization and relocation expenses increased significantly in 2022.
Currently Ruifeng Mini/Micro LED products are introduced into computers, PADs, automobiles and other fields and are delivered in batches. At the same time, UV-LED, automotive LiDAR (LIDAR) packaging and testing, automotive modules and other businesses are developing rapidly.
Changfang Group
Changfang Group stated that due to the impact of non-recurring events such as the relocation of the packaging business, the company's business income has declined, expenses have increased, and production capacity has been underutilized. It is expected that the company will achieve revenue of 680 million yuan to 780 million yuan in 2022, and its net profit will continue to suffer losses.
Changfang Group is mainly engaged in LED lighting source devices, LED lighting products, electric fans, portable energy storage products and other businesses. In May last year, Changfang Group announced its investment in advanced LED packaging and Mini LED production expansion projects, with an estimated total investment of 2 billion yuan. At the end of last year, Changfang Group stated that the project was in the stage of installing and debugging production equipment and was expected to be put into production in early January this year.
Leyard
In 2022, Leyard is expected to achieve revenue of approximately 8.5 billion yuan, of which the operating revenue of the smart display segment will be approximately 7.2 billion yuan (accounting for approximately 85%), achieving historic growth. In terms of net profit, Leyard expects to achieve a net profit attributable to the parent company of 220 million yuan to 285 million yuan, and a non-net profit of 140 million yuan to 205 million yuan.
It is worth noting that Leyard's Micro LED business is developing smoothly in 2022, and the product's price/performance ratio has been greatly improved. The Black Diamond series has been mass-produced and shipped. The company is advancing the production expansion plan and is expected to double its production capacity by the end of this year; the research and development of outdoor Micro LED products has been completed and batch shipment capabilities have been formed. Micro LED product sales are expected to achieve rapid growth in 2023.
Lianjian Optoelectronics
In 2022, Lianjian Optoelectronics expects its net profit attributable to the parent company to turn from profit to loss; deducting non-net profits, it will continue to suffer losses. Lianjian Optoelectronics said that in terms of profits, due to the successive repayment of short-term borrowings during the reporting period, the company's financial expenses decreased. It is expected that the company's net profit after non-deductions will increase during the reporting period compared with the same period last year.
In terms of revenue, during the reporting period, the company's LED display domestic business revenue declined compared with the same period in 2021; overseas markets recovered, business revenue increased to a certain extent, and the overall LED display business revenue was basically the same as in 2021.
It is reported that the proportion of Lian Jian Optoelectronics’ overseas business revenue has increased year by year in recent years. In the first half of 2022, as the overseas epidemic gradually returned to normal development, Lian Jian Optoelectronics’ overseas business increased significantly year-on-year.
Unilumin Technology
Unilumin Technology predicts that in 2022, the net profit attributable to the parent company will be 51 million yuan to 65 million yuan, a year-on-year decrease of 64.16% to 72.18%; the non-net profit after deduction will be 45 million yuan to 58 million yuan, a year-on-year decrease of 47.84% to 59.49%.
Unilumin Technology stated that in 2022, the company's naked-eye 3D, XR virtual film and television shooting, Umini products and Umicro products will maintain good development momentum.
In terms of foreign markets, with the recovery of overseas markets, the company's overseas revenue increased by approximately 40% year-on-year in 2021; in the domestic market, affected by the epidemic, business fell by 30% year-on-year. Unilumin Technology pointed out that revenue has declined, but the company's comprehensive gross profit margin and net operating cash flow have increased.
Konka Group
Konka Group estimates that it will achieve revenue of 28 billion yuan to 31.5 billion yuan in 2022, and its net profit attributable to the parent company will turn from profit to loss, and non-net profits will continue to suffer losses.
Konka Group said that its revenue in 2022 will decrease year-on-year due to declining sales of the company's memory chips and consumer electronics business. The net profit loss was mainly caused by factors such as the sharp decline in gross profit in the consumer electronics business and the continued growth in R&D investment in the semiconductor business.
In the performance forecast, Konka pointed out that during the reporting period, the company made breakthroughs in many key core technologies. In the semiconductor field, the company's self-developed Micro LED "hybrid mass transfer technology" achieved a three-color transfer yield of 99.999% after repair, and the 15um*30um Micro LED chip production yield reached 99%, and industrialization projects such as MLED direct display mass production lines have been implemented. (Compiled by LEDinside Irving)
ANNA