Jiawei New Energy turned a profit in the first half of the year, with LED lighting business revenue of 34.53 million yuan

Jiawei New Energy mainly focuses on clean energy applications. The company's core business is photovoltaic consumer products and industrial applications. In the photovoltaic consumer product segment, Jiawei New Energy's main product range includes courtyard lighting, LED lighting, smart homes and photovoltaic SP small panels.

Among them, LED lighting products mainly include indoor LED series lighting source products such as ceiling lights, downlights and track lights. The product business mainly cooperates with large domestic real estate developers to provide intelligent lighting solutions for their office buildings, shopping malls, hotels and other facilities.

On August 5, Jiawei Xinneng released its 2022 semi-annual report. In the first half of the year, Jiawei Xinneng achieved revenue of 322 million yuan, a year-on-year decrease of 2.48%; it achieved a net profit of 77 million yuan attributable to listed shareholders, turning losses into profits year-on-year.

In terms of products or services, during the reporting period, the LED lighting product business achieved revenue of 34.53 million yuan, a year-on-year decrease of 25.79%. The business revenue accounted for 10.71%, while the proportion in the same period last year was 14.07%; the business gross profit margin was 12.74%, a year-on-year decrease of 10.75%.

Photovoltaic lawn lamp products achieved revenue of 208 million yuan, a year-on-year increase of 4.6%, accounting for 64.41% of total revenue. Photovoltaic power station EPC project revenue was 44 million yuan, accounting for 13.57% of total revenue.

Jiawei Xinneng said that as the photovoltaic lighting industry enters a mature stage, industry competition is becoming increasingly fierce, product iterations are accelerating, and rising production costs have led to uncertainty in the continued profitability of photovoltaic lighting products. At the same time, the impact of the epidemic has had a certain impact on the logistics cycle of the company's smart lighting and lawn lamp series products.

In addition, in response to the risks faced by the company such as exchange rate fluctuations, photovoltaic power generation policies, and raw material price fluctuations, Jiawei Xinneng said that the company has launched corresponding countermeasures to avoid the impact of risks on the company.