Lighting companies such as Foshan Lighting and Lianyu Co., Ltd. released their 2023 annual reports

Recently, Foshan Lighting, Lianyu Co., Ltd., and Tailong Co., Ltd. have released performance reports. The details are as follows:

Foshan Lighting's net profit will increase by 26.07% in 2023

Foshan Lighting will achieve total operating income of 9.057 billion yuan in 2023, a year-on-year increase of 3.39%; net profit attributable to the parent company will be 290 million yuan, a year-on-year increase of 26.07%.

In the annual report, Foshan Lighting pointed out that in 2023, the lighting industry as a whole will be in a recovery period under pressure. On the one hand, the domestic real estate market continues to be sluggish and downstream demand is weak, which has a certain impact on the recovery of the domestic lighting market; on the other hand, the international market is complex and changeable, with weakening external demand and the relocation of the industrial chain, making market expansion more difficult. The industry reshuffle is accelerating. Companies with technology, capital, and brand advantages are gradually expanding their market share, and high-quality resources are gathering among leading companies.

Foshan Lighting focuses on the research, development, production and sales of high-quality energy-saving lighting products. Since 2021, Foshan Lighting has acquired and controlled Nanning Liaowang and Guoxing Optoelectronics. Its current main business mainly includes the research and development, production and sales of general lighting, electrical products, automotive lighting, LED packaging products, etc.

Among them, general lighting products will achieve revenue of 3.330 billion yuan in 2023, accounting for 36.76% of revenue; LED packaging and component products will achieve revenue of 2.497 billion yuan in 2023, accounting for 27.57% of revenue; automotive lighting products will achieve revenue of 1.830 billion yuan in 2023, accounting for 20.21% of revenue.

Lianyu Shares’ overseas revenue accounts for 95.31%

Lianyu Shares will achieve operating income of 1.382 billion yuan in 2023, a year-on-year increase of 26.70%, and net profit attributable to the parent company is 153 million yuan, a year-on-year increase of 14.14%.

It is reported that Lianyu Co., Ltd. focuses on the R&D, production and sales of medium and high-power LED lighting products. The products are mainly used in outdoor and industrial lighting fields, and continue to expand into special lighting fields such as plant lighting, sports lighting, and explosion-proof lighting.

It is worth mentioning that in the revenue structure of Lianyu Shares, a relatively high proportion of revenue comes from overseas. In 2023, its overseas revenue will be 1.317 billion, accounting for 95.31%. In comparison, its overseas revenue in 2022 will be 1.024 billion, accounting for 93.89%.

Tailong's lighting business revenue is basically flat

Tailong's operating income in 2023 will be 2.645 billion yuan, a year-on-year decrease of 18.26%, and net profit attributable to the parent company will be 42.83 million yuan, a year-on-year decrease of 21.49%.

It is reported that Tailong's main business is mainly semiconductor distribution business, supplemented by commercial lighting business, and it is actively transforming into an innovative technology enterprise.

Regarding the commercial lighting business segment, Tailong pointed out in its annual report that in 2023, the LED lighting market will continue to be sluggish due to many factors such as the slowdown in exports and weak domestic home building materials and engineering orders.

In 2023, its commercial lighting business segment will achieve total operating income of 455 million yuan, which is basically the same as in 2022. In the future, Tailong Co., Ltd. will continue to optimize its market strategy and use existing customer resources to vigorously develop smart store business; use the successful model in the brand apparel segment to copy it to other industries (such as hotel lighting, school lighting, etc.), broaden sales channels, and increase the application scenarios of LED lighting; at the same time, the company will continue to improve product quality, increase export business, release remaining production capacity, and improve operating conditions.