Nationstar Optoelectronics, Mulinsen and Other 13 Companies Released Third-Quarter Results

Recently, 13 LED-related companies including Nationstar Optoelectronics, Mulinsen, Foshan Lighting, and Longli Technology announced their third-quarter results. Among them, 4 of them, Foshan Lighting, Longli Technology, Bull Group, and China Micro, achieved a double increase in revenue and net profit.

Foshan NationStar Optoelectronics Co., Ltd.
In the third quarter, Nationstar Optoelectronics’ operating income was 893 million yuan, a year-on-year decrease of 0.84%; the net profit attributable to shareholders of listed companies was 27.2181 million yuan, a year-on-year decrease of 27.38%.
At present, Nationstar Optoelectronics' products mainly include LED epitaxial wafers, chips, packages, components, integrated circuits and third-generation compound semiconductor packaging and testing products. The applications cover various types of LED displays and lighting, as well as photovoltaic inverters, charging piles, Smart grid and other scenarios.
During the reporting period, Nationstar Optoelectronics has realized the lighting of Micro LED micro-displays with a pixel pitch of 7.5 microns. It has the characteristics of excellent resolution and lower power consumption, and can be used in smartphones, micro-projectors, AR/VR equipment, etc. in the product. In addition, based on the synergy advantage of the industrial chain, the company can provide one-stop micro-display services from chip preparation to module packaging.
In addition, at the ALE 2023 exhibition held in September, Nationstar Optoelectronics exhibited a 10,000-pixel digital headlight Micro LED light source with 52,800 pixels, a pixel pitch of 30μm, and a light source brightness exceeding 30M nits.

MLS CO., LTD
In the third quarter of 2023, Mulinsen achieved operating income of approximately 4.433 billion yuan, a year-on-year increase of 8.33%; net profit attributable to shareholders of listed companies was approximately 147 million yuan, a year-on-year decrease of 23.58%.
Mulinsen is mainly engaged in two major sectors: brand business and intelligent manufacturing business. Among them, the brand business mainly operates LEDVANCE and MLS own-brand lighting products. In the intelligent manufacturing business, its products are mainly divided into two types: white light and RGB direct display. Among them, RGB direct display is mainly used in large advertising screens, conference integrated machines and large event displays.
It is worth mentioning that while disclosing the third quarter results, Mulinsen also announced that it plans to invest in the construction of high-end RGB small-pitch MiniLED and Micro LED display product manufacturing projects in Jinggangshan Economic Development Zone, mainly engaged in high-end RGB small-pitch MiniLED and Micro LED display products. Manufacturing of whole-industry products such as packaging, materials, and devices.

FSL
In the third quarter of 2023, Foshan Lighting's operating income was 2.23 billion yuan, a year-on-year increase of 6.65%; the net profit attributable to shareholders of listed companies was 6,975.66 yuan, a year-on-year increase of 13.63%.
During the reporting period, Foshan Lighting continued to promote the development of marine and health lighting businesses and reached cooperation with the Guangdong Provincial Enterprise Federation. It is reported that in recent years, Foshan Lighting has been actively exploring new areas such as marine lighting. It has cooperated with the Institute of Deep Sea Sciences of the Chinese Academy of Sciences to develop 10,000-meter-level LED deep-sea lighting equipment, which has been successfully used in the "Struggle" full-ocean deep manned submersible.

Longli Technology
In the third quarter, Longli Technology achieved operating income of 315 million yuan, a year-on-year increase of 2.03%; net profit attributable to shareholders of listed companies was 12.7277 million yuan, a year-on-year increase of 143.41%.
This year, Longli Technology has continued to increase investment in research and development, and has successively obtained "image partition display method", "a high-brightness direct backlight module", "quantum dot film and its cutting method and backlight module", " Direct-type light-emitting device, "direct-type light-emitting device", "a mura compensated direct-type MiniLED backlight module" and other Mini LED patents.

SUPERCHIP
In the third quarter of 2023, SUPERCHIP's operating income was 192 million yuan, a year-on-year increase of 27.42%; the net profit attributable to shareholders of the listed company was -32.096 million yuan, turning from profit to loss year-on-year.
SUPERCHIP currently has 4 major categories of products on sale, mainly covering video display, wireless communications, storage, power management and other fields. The main products are LED screen control and driver, MOSFET, MCU, fast charging protocol chip, 5G radio frequency Front-end discrete chips and module chips, as well as various ASIC and other chips.

Tailong Shares
In the third quarter, Tailong's operating income was 708 million yuan, a year-on-year increase of 23.64%; the net profit attributable to shareholders of the listed company was 14.2396 million yuan, a year-on-year increase of 5.57%。
Tailong Co., Ltd. is mainly engaged in semiconductor distribution business, supplemented by commercial lighting business. Commercial lighting products include lighting fixtures, LED displays and photoelectric signs.
During the reporting period, Tailong Co., Ltd. provided high-definition, high-brightness, and energy-saving patented product LED light pole screens for the Asian Games main venue in Hangzhou and Wenzhou and other branch venues. Among them, 296 multi-functional smart poles at the main venue in Hangzhou integrate smart lighting, security monitoring, smart WiFi, 5G micro base stations, public broadcasting and other functions.

Xiamen Xinda
In the third quarter of this year, Xiamen Cinda achieved operating income of 17.56 billion yuan, a year-on-year decrease of 36.81%; the net profit attributable to shareholders of the listed company was -105 million yuan.
Xiamen Cinda's optoelectronic business focuses on the R&D, production and sales of LED packaging and its application products. It has now formed an optoelectronic business pattern with joint development in the three major fields of display packaging, white light packaging and applied lighting.

Bull Group
Bull Group achieved operating income of 4.014 billion yuan in the third quarter, a year-on-year increase of 10.4%; net profit attributable to shareholders of listed companies was 991 million yuan, a year-on-year increase of 16.13%.
During the reporting period, Bull Group focused on three major businesses: electrical connection, intelligent electrical lighting, and new energy. Among them, smart electrical lighting products mainly include wall switches and sockets, LED lighting (smart without main lights), safety circuit breakers, smart bathroom heaters, smart door locks, smart clothes dryers, smart curtain machines, etc.

Shilanwei
In the third quarter, Silan Micro achieved operating income of 2.424 billion yuan, a year-on-year increase of 17.68%; the net profit attributable to shareholders of the listed company was a loss of 148 million yuan, turning from profit to loss year-on-year.
Under the industry pressure caused by the sluggish demand for downstream consumer electronics this year, Silan Micro has increased its efforts in high-threshold market promotion and maintained single-quarter revenue growth for three consecutive quarters.
The semi-annual report shows that Silan Micro has increased its products such as analog circuits, IGBT devices, IPM intelligent power modules, PIM power modules, silicon carbide power modules, superjunction MOSFET devices, MCU circuits, compound chips and devices in large white goods, communications , industry, new energy, automobiles and other high-threshold markets, the company's overall revenue has maintained a rapid growth momentum.

Jinghe Integration
In the third quarter, Jinghe Integration achieved operating income of 2.047 billion yuan, a year-on-year decrease of 18.14%; net profit attributable to shareholders of listed companies was 75.6002 million yuan, a year-on-year decrease of 89.89%.
Regarding the decline in operating income, Jinghe Integrated said that it was mainly due to the decline in the prosperity of the semiconductor industry and the slowdown in overall market demand. Regarding the decline in net profit, Jinghe Integrated gave two reasons: First, the company's operating income dropped year-on-year, while the company's fixed costs such as depreciation and amortization were higher; second, due to the impact of exchange rate changes, exchange income decreased compared with the same period last year.
According to the data, Jinghe Integration was established in May 2015 and listed on the Shanghai Stock Exchange Science and Technology Innovation Board on May 5, 2023. The company is mainly engaged in 12-inch wafer foundry business, and its products are mainly used in mobile phones, PC/NB, new displays, Security, power management, smart home appliances, vehicle electronics and other fields.

Jucan Optoelectronics
In the third quarter, Jucan Optoelectronics achieved operating income of 629 million yuan, a year-on-year increase of 17.51%; net profit attributable to shareholders of listed companies was 52 million yuan, turning from a loss to a profit year-on-year.
Jucan Optoelectronics is mainly engaged in the research and development, production and sales of compound optoelectronic semiconductor materials. Its main products are GaN-based high-brightness LED epitaxial wafers and chips, which are used in lighting, display and other fields, including general lighting, plant lighting, vehicle lighting, and mobile phone backlighting. , vehicle backlight, screen display, wearable devices, medical beauty and other fields.
Since this year, Jucan Optoelectronics has increased its focus on Mini/Micro LED many times.
On August 22, Jucan Optoelectronics planned to use 1.14 billion yuan to increase capital in its wholly-owned subsidiary Jucan Suqian for the investment project "Mini/Micro LED chip R&D and manufacturing expansion project"; on September 4, Jucan Optoelectronics decided to Raised an additional 1.086 billion yuan, and the raised funds will be invested in Mini/Micro LED chip R&D and manufacturing expansion projects.

Songsheng Shares
In the third quarter, Songsheng Co., Ltd. achieved operating income of 196 million yuan, a year-on-year increase of 28.56%; net profit attributable to shareholders of listed companies was 5.7795 million yuan, a year-on-year decrease of 76.29%.
Songsheng Co., Ltd. mainly produces medium and high-power LED drive power products, which are mainly combined with LED light sources, housings, etc. to form LED lighting products. At present, the company has formed four main application areas: plant lighting + industrial lighting + outdoor lighting + professional lighting.
In the first half of this year, Songsheng's 70,000m2 intelligent manufacturing production base in Zhongshan was fully operational. The base invested in a number of digital production equipment, intelligent warehousing and other intelligent management software and hardware facilities, creating an industry-leading digital intelligent manufacturing factory that will further Improve the company's production capacity.
In terms of overseas markets, in the first half of the year, Songsheng Co., Ltd. introduced marketing management talents with overseas market experience. At the same time, in order to better meet the needs of overseas end customers, it successively established overseas subsidiaries in North America, Europe and other places to be close to customers. In addition, the company also actively participates in domestic and foreign exhibitions to seize exhibition opportunities.

AMEC
In the third quarter, China Microsystems achieved operating income of 1.515 billion yuan, a year-on-year increase of 41.4%; net profit attributable to shareholders of listed companies was 157 million yuan, a year-on-year decrease of 51.76%.
In the first three quarters, China Microsystems achieved operating income of 4.041 billion yuan, a year-on-year increase of 32.8%; net profit attributable to shareholders of listed companies was 1.16 billion yuan, a year-on-year increase of 46.27%.

Regarding the increase in revenue in the first three quarters, China Micron said that the company's etching equipment continues to approve more etching applications on the client side, its market share continues to increase, and it continues to receive batch orders from leading customers. The company's etching equipment revenue in the first three quarters of 2023 was 2.870 billion yuan, a year-on-year increase of approximately 43.40%, and the gross profit margin reached 46.46%; MOCVD equipment revenue was 409 million yuan, a year-on-year increase of approximately 5.50%, and the gross profit margin reached 36.29%.

In terms of profits, China Microwave Company said that it sold part of its shares in Tuojing Technology Co., Ltd. in 2023, generating an after-tax net income of approximately 406 million yuan; in the first three quarters of 2023, the company included non-recurring gains and losses due to equity losses. Gains and losses from changes in fair value and investment gains and losses arising from investments totaled a loss of 90 million yuan, a decrease of approximately 188 million yuan from the profit of 98 million yuan in the same period last year.

Public information shows that China Micron is mainly engaged in the research, development, production and sales of semiconductor equipment and pan-semiconductor equipment. It mainly provides etching equipment, MOCVD equipment, thin films for manufacturing companies of integrated circuits, LED epitaxial wafers, power devices, MEMS and other semiconductor products. Deposition equipment and other equipment.